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Wednesday May 22, 2013
question of the week
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Business News
Lowe's 1st-quarter profit climbs even as a cold spring dampens sales a bit
MOORESVILLE, N.C. - Lowe's first-quarter net income rose almost 3 per cent, even as a wet and cool spring dampened sales of gardening products....
Harper test-drives new "extractive industries" approach to aid in Peru
LIMA, Peru - Prime Minister Stephen Harper meets with mining executives and the Peruvian president this morning as he puts the new "extractive industries" focus of his aid and foreign policy into practice....
Japan's central bank keeps policy unchanged, says economy 'picking up,' as trade deficit grows
TOKYO - Japan's central bank says the world's third-biggest economy is "picking up" as demand recovers in other countries and remains resilient at home, though the trade deficit widened in April, for the tenth straight month....
US automakers holding off on summer factory shutdowns as demand increases
DETROIT - The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks....
EU's 27 leaders discuss beefing up fight against tax evasion, energy policy
BRUSSELS - The European Union's leaders are seeking to advance their fight against tax evasion and close loopholes for large corporations' creative tax avoidance schemes....
Sony CEO says board mulling hedge fund boss Loeb's proposal to spin off entertainment business
TOKYO - Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 per cent of its movie, TV and music division....
