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Loblaw, George Weston enter automatic share buyback plans

Published Wed, 26 Feb 2025 01:25:26 GMT

BRAMPTON, Ont. — Loblaw Cos. Ltd. and parent company George Weston Ltd. say they have both entered into automatic share purchase plans with brokers.The plans will allow the grocer’s broker to buy back shares at times when Loblaw and George Weston would not be active because of insider trading rules and internal trading blackout periods.The automatic buybacks will form part of the companies’ existing repurchase programs.Loblaw has a program running until May 4 to buy up to 16 million shares or about five per cent of its issued and outstanding shares.George Weston’s normal course issuer bid runs to May 24, under which it could buy up to almost seven million shares, also about five per cent of issued and outstanding shares. Companies routinely conduct share buyback programs as a way to return capital to shareholders and to try to boost share price.This report by The Canadian Press was first published Dec. 29, 2023.Companies in this story: (TSX:WN; TSX:L)The Canadian P...

Boeing asks airlines to inspect 737 Max jets for potential loose bolt

Published Wed, 26 Feb 2025 01:25:26 GMT

Boeing is asking airlines to inspect its 737 Max jets for a potential loose bolt in the rudder control system, the airplane maker and Federal Aviation Administration confirmed this week.The FAA said it would be “closely monitoring” the targeted inspections. The agency said Thursday that Boeing issued its inspection guidance to airlines after an international operator found a bolt with a missing nut during routine maintenance. In a separate case, Boeing also discovered an undelivered aircraft that had a nut that was not properly tightened.“The issue identified on the particular airplane has been remedied,” the Arlington, Virginia, company told The Associated Press on Friday. “Out of an abundance of caution, we are recommending operators inspect their 737 MAX airplanes and inform us of any findings.”Boeing added that it will continue to update both customers and federal regulators on the progress. The FAA said it will remain in contact with Boeing and impacted airlines as the in...

Man dies when transport vehicle crashes through ice on Minnesota lake

Published Wed, 26 Feb 2025 01:25:26 GMT

BAUDETTE, Minn. (AP) — A passenger died after a commercial transport vehicle crashed through the ice on a Minnesota lake. Meanwhile, state officials are warning people to be wary of ice that is unusually thin for this time of the winter.The transport vehicle, commonly known as a “bomber,” crashed through the ice Thursday morning on Lake of the Woods, the Minneapolis Star Tribune reported. The body of a male passenger was recovered about seven hours later by a dive team, the sheriff’s office said.The victim’s name has not been released.Paul Colson, owner of Jake’s Northwest Angle Resort, told the Star Tribune that a neighboring resort was operating a snow bus when it broke through the ice. Colson said around five or six passengers were able to escape with the help of the driver.Bombers are equipped with caterpillar tracks. They are used on the American side of the lake to haul customers to and from ice fishing locations away from shore.The Minnesota Department of Natural ...

S&P/TSX composite lower ahead of new year, U.S. markets also fall

Published Wed, 26 Feb 2025 01:25:26 GMT

TORONTO — Losses in the battery metal and base metal sectors helped lead Canada’s main stock index lower in late-morning trading, while U.S. stock markets were also lower.The S&P/TSX composite index was down 56.94 points at 20,872.44.In New York, the Dow Jones industrial average was down 72.54 points at 37,637.56. The S&P 500 index was down 18.44 points at 4,764.91, while the Nasdaq composite was down 117.09 points at 14,978.05.The Canadian dollar traded for 75.79 cents US compared with 75.69 cents US on Thursday.The February crude oil contract was up 40 cents at US$72.17 per barrel and the February natural gas contract was down three cents at US$2.53 per mmBTU.The February gold contract was down US$8.80 at US$2,074.70 an ounce and the March copper contract was down four cents at US$3.89 a pound.This report by The Canadian Press was first published Dec. 29, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD)The Canadian Press

Maine’s deadliest shooting propels homicides to new high in the state

Published Wed, 26 Feb 2025 01:25:26 GMT

PORTLAND, Maine (AP) — The deadliest mass shooting in Maine history propelled homicides to a new high in the state in 2023, hitting at least 50 to shatter the previous record as the end of the year approaches, officials said.Eighteen people were killed and 13 injured in the Oct. 25 shootings in Lewiston, a shocking crime in a state that prides itself on low crime rates, and those deaths helped push the number of killings beyond the previous record of 40 killings in 1989, said state police spokesperson Shannon Moss. As of Friday, the tally stood at 50 homicides, with several active death investigations still underway, she said. That stands in stark contrast to 2000, when there were only 11 homicides, the lowest since the state began compiling numbers.The homicides didn’t end with the shootings in Lewiston by an Army reservist, Robert Card II, who died by suicide. November was also a deadly month, with at least 10 homicides, and overworked investigators needed reinforcements from stat...

GOP lawmakers ask Wisconsin Supreme Court to reconsider redistricting ruling, schedule for new maps

Published Wed, 26 Feb 2025 01:25:26 GMT

MADISON, Wis. (AP) — Republican lawmakers have asked the Wisconsin Supreme Court to stay and reconsider its finding that the state’s legislative district boundaries are unconstitutional.Attorneys representing a host of Republican state Senators filed a motion with the court Thursday saying they can’t meet the court’s Jan. 12 deadline for new maps. They also argue the court didn’t listen to their arguments in the case and didn’t give them a chance to respond to the deadline for new boundaries. They asked the court to stay all proceedings until it decides on the motion. The legislative electoral maps drawn by the Republican-controlled Legislature in 2011 cemented the party’s majorities, which now stand at 64-35 in the Assembly and a 22-11 supermajority in the Senate. Democrats filed a lawsuit in August arguing the maps are unconstitutional and give the GOP an unfair advantage. They filed the action a day after liberal Justice Janet Protasiewicz was sworn ...

Body found in suburbs concludes search for missing St. Louis mother; ex-boyfriend charged with murder

Published Wed, 26 Feb 2025 01:25:26 GMT

DES PLAINES, Ill. — The family of Marquisha Williams is heartbroken, but they say the discovery of her body in the Chicago area brings them some closure after Williams had been missing for over a week.The search ended Thursday in Des Plaines when Williams' body was found in the 2100 block of E. Algonquin Road at the Cook County Forest Preserve. Williams, a 29-year-old mother of four from St. Louis, went missing a week before Christmas.Prosecutors have charged Trenton Ivy, her ex-boyfriend, with murder. Ivy was arrested in Racine, Wisconsin, last week Friday on unrelated charges. Investigators say after his arrest, Ivy confessed to killing Williams in St. Louis. He also admitted to having a physical altercation and then dumping Williams' body at an undisclosed location.Williams' mother, Norvette Chavis Williams, said she last saw her daughter last Wednesday morning, Dec. 20, when she dropped off one of her kids. Read more: Latest Chicago news headlines "I'm just glad that we found...

Social Security numbers of some Xfinity customers vulnerable in latest data breach: What to know

Published Wed, 26 Feb 2025 01:25:26 GMT

CHICOPEE, Mass. (WWLP) — A major data breach on Comcast-owned Xfinity has affected more than 35 million customers.Not only is this breach an example of a dangerous and growing trend among hackers, but it has made millions of Americans very vulnerable. Earlier this month, Xfinity issued a notice to customers warning them there was unauthorized access to internal systems as a result of this vulnerability — which was previously announced by software provider Citrix — between Oct. 16 and 19. Nearly 35.9 million affected by Xfinity data breach: filings Xfinity discovered the “suspicious activity” on Oct. 25, and in the following months determined that information was “likely acquired.” On Dec. 6, the company concluded that information included usernames and hashed passwords — and, for some customers, the last four digits of Social Security numbers, account security questions, birthdates, and contact information.Attorney Steven Weisman, editor of Scamicide.com, says the Xfinity data bre...

More suburbs are placing restrictions on migrant buses entering Chicago area

Published Wed, 26 Feb 2025 01:25:26 GMT

CHICAGO — More suburbs are looking at putting restrictions in place to try to stop Texas from dropping off migrants in their cities without notice.Ever since Chicago imposed restrictions on when and where migrants can be dropped off, more buses have been showing up in suburbs with no warning, straining resources and leaving migrants and people who live in those cities in danger.So far, for example, no migrant buses have shown up in west suburban Broadview, but Mayor Katrina Thompson believes it won't be long until they do. She says it's not that Broadview wouldn't welcome them, but village officials need to know when and how many to expect."We're going to suffer from something that we can have a conversation about. It's not that we don't want them here. It's just, we have to plan," Thompson said.The mayor decided to take executive action, because the Village Board doesn't meet for another two weeks. Thompson does have support for her order that would require bus companies to provide...

South Side woman shot through window while confronting car burglars

Published Wed, 26 Feb 2025 01:25:26 GMT

CHICAGO — A woman was shot early Friday morning through her window while confronting suspects breaking into her vehicle on the South Side.Just before 4:40 a.m., officers responded to the 500 block of East 74th Street on the report of a shooting. Police believe a 52-year-old woman heard three male suspects attempting to break into her vehicle.As the woman confronted them, one of the suspects shot the woman through her apartment window in the shoulder, CPD said. She was transported to the University of Chicago Medical Center in an unknown condition.The three suspects fled and are not in custody. Body found in suburbs concludes search for missing St. Louis mother; ex-boyfriend charged with murder Anyone with information can leave an anonymous tip at cpdtip.com.