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BRP beats Q3 expectations, raises full-year guidance as business outlook improves

BRP beats Q3 expectations, raises full-year guidance as business outlook improves

BRP Inc. reported an improved outlook for the rest of the year on Wednesday as the company’s third-quarter earnings results beat analysts’ expectations and it raised its guidance for its full financial year.

Penguin to buy Simon & Schuster, create publishing giant

BERLIN — German media giant Bertelsmann said Wednesday that its Penguin Random House division is buying rival Simon & Schuster in a megadeal that would reshape the U.S. publishing industry.
CERB recipients should be prepared to pay income tax on payments experts say

CERB recipients should be prepared to pay income tax on payments experts say

OTTAWA — The Canada Emergency Response Benefit was a financial lifeline for many when COVID-19 forced businesses to shutter and brought the economy to a screeching halt in the spring.

The pandemic is changing Hollywood, maybe forever

NEW YORK — “No New ‘Movies’ Till Influenza Ends” blared a New York Times headline on Oct. 10, 1918, while the deadly second wave of the Spanish Flu was unfolding.
Picture of US economy is worrisome as virus inflicts damage

Picture of US economy is worrisome as virus inflicts damage

WASHINGTON — Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic.
The pandemic is changing Hollywood, maybe forever

The pandemic is changing Hollywood, maybe forever

NEW YORK — “No New ‘Movies’ Till Influenza Ends” blared a New York Times headline on Oct. 10, 1918, while the deadly second wave of the Spanish Flu was unfolding.
Lights, camera, sell: Retailers want you to watch and shop

Lights, camera, sell: Retailers want you to watch and shop

NEW YORK — When Jenna Powell gets in front of a camera, she can sell $10,000 worth of sparkly dresses and tie-dye hoodies in 40 minutes.
Canadian motor tech firm Exro to raise $30 million with share offering

Canadian motor tech firm Exro to raise $30 million with share offering

CALGARY — A Canadian company developing new control products to improve efficiency and performance in electric motors and powertrains is aiming to raise between $30 million and $36.5 million through a public offering of its shares.
Unchanged from early estimate, US economy grew 33.1% in Q3

Unchanged from early estimate, US economy grew 33.1% in Q3

WASHINGTON — The second of three estimates on U.S. growth for the July-September quarter was unchanged at a record pace of 33.1%.

Consumer spending up a slight 0.5% as virus maintains grip

WASHINGTON — U.S. consumers increased their spending by a sluggish 0.