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Budget carrier Flair Airlines calls abrupt halt to new routes to Florida

Budget carrier Flair Airlines calls abrupt halt to new routes to Florida

KELOWNA, B.C. — Flair Airlines has suspended several flight routes to Florida and California just months after expanding service to U.S. destinations. Citing "disappointing load factors," the ultra-low-cost carrier based in Kelowna, B.C.

Freshii CEO pledges to fix declining sales, other issues plaguing company

The CEO of Freshii Inc. called it "a humbling experience" to face up to what he could have done better leading the restaurant chain over the past two years as it reported a loss and shrinking same-store sales in its most recent quarter.
At Kraft Heinz, a fed investigation and a $15.4B write-down

At Kraft Heinz, a fed investigation and a $15.4B write-down

PITTSBURGH — Kraft Heinz disclosed an investigation by federal regulators and said it will slash the value of its Oscar Mayer and Kraft brands by $15.4 billion, major setbacks for a company trying to revitalize its stable of household-name brands.
Statistics Canada reports retail sales edged down 0.1 per cent in December

Statistics Canada reports retail sales edged down 0.1 per cent in December

OTTAWA — Statistics Canada says retail sales edged down 0.1 per cent to $50.4 billion in December as sales at gasoline stations moved lower due in large part to lower prices at the pump. Economists had expected a contraction of 0.
Saputo buying United Kingdom-based Dairy Crest Group for roughly $1.7 billion

Saputo buying United Kingdom-based Dairy Crest Group for roughly $1.7 billion

MONTREAL — Saputo Inc. has signed a friendly deal to buy United Kingdom-based company Dairy Crest Group plc in an agreement valued at about $1.7 billion. Under the deal, Saputo will pay 6.20 pounds per share for the company.
Home Capital Group reports Q4 profit up, mortgage originations climb

Home Capital Group reports Q4 profit up, mortgage originations climb

TORONTO — Home Capital Group Inc. says its fourth-quarter profit rose compared with a year ago as its mortgage originations climbed 85 per cent. The alternative mortgage lender says it earned $35.
White House ends California talks on mileage dispute

White House ends California talks on mileage dispute

WASHINGTON — The Trump administration on Thursday broke off talks on vehicle mileage standards with California, increasing the chances of a court battle that threatens to unsettle the auto industry.