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Exfo board won't pursue rival bid after founder insists on his take-private offer

QUEBEC — The board of director of Exfo Inc. has decided not to pursue an unsolicited takeover proposal from competitor Viavi Solutions Inc. after its controlling shareholder rejected anything but his deal to take the company private.
Existing US home sales up in June; prices reach new heights

Existing US home sales up in June; prices reach new heights

Sales of previously occupied U.S. homes rose in June, snapping a four-month losing streak, while strong demand for higher-end properties and ultra-low mortgage rates helped push prices to new highs. Existing homes sales rose 1.
Amazon cancels Prime Day in Canada in 2021 due to COVID-19 after postponing in 2020

Amazon cancels Prime Day in Canada in 2021 due to COVID-19 after postponing in 2020

TORONTO — Amazon has cancelled its Prime Day marketing event in Canada this year due to the impact of COVID-19 on its operations.
Unifor issues 72-hour strike notice at Rio Tinto facilities in Kitimat, Kemano, B.C.

Unifor issues 72-hour strike notice at Rio Tinto facilities in Kitimat, Kemano, B.C.

KITIMAT, B.C. — The union representing Rio Tinto employees in British Columbia has issued a 72-hour strike notice after nearly seven weeks of negotiations.
Small business group launches petition to maintain government financial supports

Small business group launches petition to maintain government financial supports

TORONTO — A group representing Canada's small business sector has launched a petition pressing the federal government to halt the phasing out of financial support programs.

Spain: Judge jails suspect wanted by US in 2020 Twitter hack

MADRID (AP) — A British man wanted in the United States in connection with a Twitter hack that compromised dozens of influential accounts has been jailed in Spain while he awaits possible extradition.
US jobless claims rise to 419,000 from a pandemic low

US jobless claims rise to 419,000 from a pandemic low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.
ECB says low rates to stay until the job is done

ECB says low rates to stay until the job is done

FRANKFURT — Facing unease over the spread of a more-contagious variant of the coronavirus, the European Central Bank said it would maintain its stimulus in the form of ultra-low interest rates until inflation “durably” reaches its 2% target.
US, Germany seal deal on contentious Russian gas pipeline

US, Germany seal deal on contentious Russian gas pipeline

WASHINGTON — The United States and Germany have announced a deal to allow the completion of a controversial Russian gas pipeline to Europe without the imposition of further U.S. sanctions.
Radio host Larry Elder wins fight to enter California recall

Radio host Larry Elder wins fight to enter California recall

LOS ANGELES (AP) — A California judge on Wednesday cleared the way for conservative talk radio host Larry Elder to join the field of candidates for an upcoming recall election aimed at removing Democratic Gov. Gavin Newsom from office.