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Grubhub sees orders jump but swings to 2Q loss

Grubhub sees orders jump but swings to 2Q loss

Grubhub's average daily orders jumped 32% in the second quarter as the pandemic shut in diners, but the company swung to a loss as it spent heavily to prop up struggling restaurants and protect drivers.
Government revisions show slightly slower 2019 GDP growth

Government revisions show slightly slower 2019 GDP growth

WASHINGTON — The government says the U.S economy grew a bit more slowly last year than it had previously estimated and slightly faster in 2018.
Record surge in daily shipping volumes for UPS in 2Q

Record surge in daily shipping volumes for UPS in 2Q

The pandemic-fueled boom in online shopping shows no signs of slowing down, providing more business for delivery companies like United Parcel Service Inc. UPS said Thursday that shipments from businesses to U.S.
AstraZeneca: won't profit from COVID-19 vaccine in pandemic

AstraZeneca: won't profit from COVID-19 vaccine in pandemic

LONDON — Pharmaceutical company AstraZeneca repeated its promise not to profit from a COVID-19 vaccine during the pandemic as it reported it was on track with late-stage trials for the treatment.
New U.S. permit to boost Keystone pipeline oil exports by next year: TC Energy

New U.S. permit to boost Keystone pipeline oil exports by next year: TC Energy

CALGARY — The CEO of TC Energy Corp. says the company will begin moving more oil from Western Canada into the United States by next year under a new U.S. presidential permit for the existing Keystone pipeline system.
Molson Coors sees second-quarter results weaken due to COVID-19 lockdowns

Molson Coors sees second-quarter results weaken due to COVID-19 lockdowns

MONTREAL — Molson Coors Beverage Co. continues to grapple with what the CEO called a "global can shortage" as consumers shifted away from drinking at bars and restaurants and started consuming more drinks at home due to the COVID-19 pandemic.
Maple Leaf Foods rides retail demand to second-quarter profit

Maple Leaf Foods rides retail demand to second-quarter profit

Maple Leaf Foods Inc. overcame a steep drop in restaurant and food supply sales last quarter to furnish a $25-million profit thanks to a revenue boost in pork, retail consumption and Asian demand. The meat giant raised sales by seven per cent $1.
Resolute shares surge as forest products producer beats forecasts

Resolute shares surge as forest products producer beats forecasts

Shares of Resolute Forest Products Inc. surged as much as 48 per cent Thursday after the lumber, pulp and paper producer beat analyst profit expectations in the second quarter despite a 19 per cent decrease in revenues.
Shaw Mobile launches in Alberta, B.C., alongside Shaw's Freedom Mobile

Shaw Mobile launches in Alberta, B.C., alongside Shaw's Freedom Mobile

CALGARY — Shaw Communications Inc.
DavidsTea to shrink network to 18 stores in Canada after renegotiating leases

DavidsTea to shrink network to 18 stores in Canada after renegotiating leases

MONTREAL — DavidsTea Inc. will shrink its retail store network to 18 Canadian locations as the insolvent beverage chain shutters 82 more stores in the country while dealing with the impact of COVID-19.