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S&P/TSX composite down more than 80 points, U.S. markets mixed Thursday

Published Thu, 27 Feb 2025 03:13:16 GMT

TORONTO — Canada’s main stock index was down more than 80 points Thursday, led by losses in energy and metals, while U.S. markets were mixed after key data releases showed the economy continues to slow. The S&P/TSX composite index was down 81.70 points at 20,417.61.In New York, the Dow Jones industrial average was down 221.82 points at 33,309.51. The S&P 500 index was down 7.02 points at 4,130.62, while the Nasdaq composite was up 22.07 points at 12,328.51.U.S. jobless claims rose last week to their highest level in a year and a half at 264,000, around 20,000 more than analysts were expecting. Meanwhile, the Producer Price Index showed that wholesale prices in the U.S. rose modestly in April, the 10th straight slowdown for the figure. “The biggest thing we got from the PPI and the jobless report (seems to be) that the economy is losing steam or slowing down, which in the big picture is what the government wants,” said Michael Currie, senior investment adviser at TD Wea...

Greenpeace alleges ‘greenwashing’ in oilsands ads; Competition Bureau to investigate

Published Thu, 27 Feb 2025 03:13:16 GMT

CALGARY — The Competition Bureau of Canada has opened an investigation into allegations of greenwashing against the Pathways Alliance, a consortium of oilsands companies.Greenpeace Canada says it made the allegations earlier this year, together with representatives from the Canadian Association of Physicians for the Environment (CAPE) and Environmental Defence, as well as a concerned student from Guelph University.Greenpeace says it is concerned about the Pathways Alliance’s “Let’s Clear the Air” marketing campaign.The campaign talks up oilsands firms’ plan to get to net-zero greenhouse gas emissions by 2050.But Greenpeace alleges the campaign is a misrepresentation, because it doesn’t account for the emissions generated by the use of the fossil fuel products Pathways sells, only for emissions generated during the production process.In its letter to the complainants, the Competition Bureau said its inquiry will seek to determine if the Pathways Al...

Hopes dashed for a new deal in Newfoundland and Labrador’s stalled crab fishery

Published Thu, 27 Feb 2025 03:13:16 GMT

ST. JOHN’S, N.L. — Crab fishers and processors have once again locked horns in Newfoundland and Labrador, prolonging a bitter standoff in the province’s lucrative snow crab fishery.The union representing inshore fishers said Thursday that its latest proposition to hike the price paid to harvesters for their crab catches was roundly rejected by the group representing the province’s seafood processors. The Fish, Food and Allied Workers Union accused the Association of Seafood Processors of “pulling the plug” on negotiations.“Our organization has done everything possible to find a solution that will work for all parties and get a fishery going this year. It’s clear that we need immediate provincial intervention to get this situation sorted,” Greg Pretty, FFAW president, said in a news release.Crab season opened in much of Newfoundland and Labrador on April 10, but harvesters have refused to fish in protest of this year’s price at the wharf of $2.20 a...

Woman accused of aiding 2 men who escaped from Philadelphia prison

Published Thu, 27 Feb 2025 03:13:16 GMT

PHILADELPHIA (AP) — Two inmates who escaped Sunday night from a Philadelphia prison were aided by a woman in the city, who authorities said Thursday had been charged with escape and conspiracy.A judge set bail at $500,000 for Xianni Stallings, though that ruling was being appealed by prosecutors who had sought $2 million bail. She was arrested around 1 a.m. Wednesday by U.S. Marshals. She was being represented by the public defender’s office, which declined to comment.Ameen Hurst, 18, and Nasir Grant, 24, escaped from the Philadelphia Industrial Correctional Center, one of several prison facilities clustered together along State Road, around 8:30 p.m. Sunday by cutting a hole in a fence surrounding a recreation yard, the Philadelphia Department of Prisons has said. The two men were gone for nearly 19 hours before officials knew they were missing. As of late Thursday afternoon, their location was still unknown to law enforcement.Hurst was charged with four counts of murder, whi...

Suspect detained after blast at residential building in Germany injures police, firefighters

Published Thu, 27 Feb 2025 03:13:16 GMT

BERLIN (AP) — German police have detained a suspect in connection with an explosion at a residential building that injured dozens of first responders on Thursday, some of them seriously, officials said.Police said two officers and three firefighters received life-threatening injuries in the blast at a high-rise building in the town of Ratingen. Four firefighters were seriously injured and 22 police officers suffered minor injuries, they said.The body of a dead woman was recovered from the building, police said. The identity of the person and the circumstances of her death weren’t immediately known.Firefighters and police were initially called to the building in the morning after being alerted about the possibility of a person in distress inside a 10th floor apartment.Police said they were still investigating what caused the blast, which happened shortly after the suspect opened the apartment door. The man then started a fire, preventing police from entering the unit.Following the ex...

123-year-old schooner will be leaving Maine after auction sale

Published Thu, 27 Feb 2025 03:13:16 GMT

ROCKLAND, Maine (AP) — A 123-year-old schooner that was once declared the “Official Windjammer of Maine” by state lawmakers has new owners, and it will be leaving Maine.Two brothers who are lifelong sailors had the winning bid this week for the Victory Chimes, which is on the National Register of Historical Places.Miles and Alex Pincus, who operate two floating restaurants in New York, haven’t yet decided what they will do with the schooner. It will eventually be leaving Maine, but the final location has not been decided, a spokesperson said.“We’ve admired Victory Chimes for quite some time. When she went up for auction, we felt a responsibility to step in and ensure her preservation. We don’t have a plan yet other than to get her into safe harbor,” they said in a statement.Victory Chimes, which has been taking guests on pleasures cruises on the Maine coast since the 1950s, became so synonymous with Maine that the 2003 state quarter featured a sailing vessel modeled afte...

'What would happen if I bashed you with this bat?': $800K bond for Chicago woman accused of battery spree

Published Thu, 27 Feb 2025 03:13:16 GMT

CHICAGO — A woman accused of a battery spree involving a baseball bat on the Northwest Side is facing an $800,000 bond.Denise Solorzano, 26, of Chicago, was charged with three felony counts of aggravated battery in a public place, four felony counts of aggravated battery/use of a deadly weapon and one felony count of aggravated assault.The charges stem from an alleged battery spree where eight women were attacked — five with a black and yellow metal baseball bat.The first alleged incident happened in the 4200 block of North Richmond Avenue at around 3 p.m. on Sunday. Prosecutors said Solorzano drove up in a white Subaru sedan and yelled at a 33-year-old woman, "I'm going to beat your ass." The woman was punched multiple times and was driven to the hospital by her husband.About an hour later in the 4000 block of West Lawrence Avenue, a 19-year-old woman heard from behind, "what would you do if I punched you in the face?"The woman had her hair grabbed and was punched three times in t...

Elon Musk says he’s found a new CEO for Twitter, a woman who will start in 6 weeks

Published Thu, 27 Feb 2025 03:13:16 GMT

(AP) — Elon Musk said Thursday he has found a new CEO for Twitter, or X Corp. as it’s now called.He did not name the person but she will be starting in about six weeks.Musk, who bought Twitter last fall and has been running it since, has been insisting he is not the company’s permanent CEO.The Tesla billionaire said in a tweet Thursday that his role will transition to being Twitter’s executive chairman and chief technology officer.Musk has been saying for nearly six months that he plans to find a new CEO for San Francisco-based Twitter.In mid-November, just a few weeks after buying the social media platform for $44 billion, he told a Delaware court that he does not want to be the CEO of any company.While testifying, Musk said “I expect to reduce my time at Twitter and find somebody else to run Twitter over time.”More than a month later, he tweeted in December: “I will resign as CEO as soon as I find someone foolish enough to take the job.” The pledge came after millions of...

Justin Steele's Cubs record streak ends, but great 2023 start doesn't

Published Thu, 27 Feb 2025 03:13:16 GMT

CHICAGO — Even with the end of a franchise-record streak, things are still quite positive when it comes to one of the most promising young Cubs' pitchers. Justin Steele surrendered three earned runs for the first time in a start since July 13, ending his streak of 14 games with two or fewer earned runs given up. That was tied for the longest in Cubs history dating back to 1912 with Jake Arrieta, who had the same amount from July 30, 2015 through April 4, 2016.But that wasn't going to dampen the spirits of the pitcher, who delivered another quality outing to help the Cubs prevent a sweep at the hands of the Cardinals.Steele went six innings, allowing three runs on seven hits with three strikeouts and three walks in 91 pitches at Wrigley Field on Wednesday evening. Thanks to a strong night by the Cubs' offense, that was plenty in a 10-4 victory that gets the team to 18-19 on the season.It's another positive moment for the left-handed starter who has enjoyed a strong stretch since the ...

Large police presence in Dolton, search underway for carjacking suspect

Published Thu, 27 Feb 2025 03:13:16 GMT

DOLTON, Ill. -- A search is underway in Dolton after a carjacking suspect led police on a pursuit Thursday morning.A source with police said a carjacking suspect led officers on a chase that ended in the area of 130th Street and South Doty Avenue in Dolton on Thursday. Woman charged in series of baseball bat attacks on Northwest Side According to police sources, an off-duty officer's vehicle was reportedly rear-ended as the carjacking suspect attempted to get away. The suspect has been described as a 30-year-old man driving a Hyundai.No injuries were reported. No arrests have been made at this time.The Dolton Police Department, Chicago Police Department, and the Cook County Sheriff's Office responded to scene as the search for the suspect continues.No further information has been provided at this time.Stay with WGN as this story develops.