(Reuters) – Shoppers Drug Mart Corp , Canada’s top pharmacy chain, reported a slightly lower quarterly profit on Tuesday, hurt by higher operating costs. The company said it had to pay higher occupancy costs, wages and benefits, and its adjusted operating margin fell to 7.64 percent from 8.14 percent a year earlier. But revenue rose, and same-store sales, a key measure for retailers, climbed 2.3 percent. Net earnings receded to C$168 million, or 81 Canadian cents a share, in the third quarter ended October 6 from C$172 million, or 80 Canadian cents a share. …
Young entrepreneurs envision a hostel for travellers in Grand Rapids
GRAND RAPIDS, Mich. – Tom Damitio and Matt Knaack believe Grand Rapids needs a hostel to become a destination point for world travellers on a budget.
South Africa police arrest 37 for violence near Xstrata mine
JOHANNESBURG (Reuters) – South African police arrested 37 workers for public violence on Tuesday after firing rubber bullets and tear gas to disperse protesters who barricaded a road leading to the Kroondal chrome mine operated by Xstrata. “The miners threw stones at the passing vehicles and burnt tires. Police were dispatched to the area to control the unruly protesters,” the South African Police Service said in a statement. Xstrata dismissed 400 workers at the mine over a week ago for taking part in an illegal strike. …
Half of owners of small-, medium-sized business to retire in next decade
TORONTO – A wave of retirements among business owners over the next few years could pose a significant risk for the Canadian economy as the country undergoes the biggest transfer of economic control in its history, according to CIBC World Markets.
Daniel Day-Lewis listened to his inner ear to find Abe Lincoln's voice
LOS ANGELES, Calif. – A towering figure such as Abraham Lincoln, who stood 6 feet 4 and was one of history’s master orators, must have had a booming voice to match, right? Not in Daniel Day-Lewis’ interpretation.
Germany eyes "bundled" loan payment to Greece: source
BERLIN (Reuters) – European countries deliberating on the payment of delayed loans to Greece could decide to bundle several tranches together in a single transfer of roughly 44 billion euros, a German government source said. Under the terms of its second bailout programme, Greece was due to receive 31.2 billion euros by the end of June, plus an additional 5 billion by the end of September and 7.2 billion euros by the end of December. The sources said these three payments could be combined to avoid stoking uncertainty with further deliberations on tranches in the coming weeks and months. …
Top-ranked Djokovic rebounds in both sets to beat Federer and win season-ending ATP title
LONDON – Even when Roger Federer had the lead, Novak Djokovic had the answers.
Swindler of French aristocrats gets 8 years
An alleged modern-day Rasputin was convicted Tuesday of brainwashing three generations of an aristocratic French family for nearly a decade, swindling them of their fortune and their turreted manor.
Canada dollar weaker over Greece uncertainty
TORONTO (Reuters) – The Canadian dollar was slightly weaker against the U.S. currency on Tuesday in choppy trade, with uncertainty over aid to Greece hurting the value of riskier assets. European countries deliberating on the payment of delayed loans to Greece could decide to bundle several tranches together in a single transfer of roughly 44 billion euros, a German government source said. The news lifted the euro, but investors remained concerned as Greece’s international lenders clashed over the time frame Athens needs to bring its debt down. …
Former UK bishop held in child sex abuse inquiry
LONDON (Reuters) – A former Church of England bishop was arrested on Tuesday on suspicion of sexually assaulting boys as young as 12, police said, the latest public figure to be accused after weeks of child abuse claims that have engulfed the BBC and celebrities. Separate police investigations into the late television presenter Jimmy Savile have fuelled a national abuse scandal that has dominated public debate and provoked a bout of national soul searching. …
Former bishop held in child sex abuse inquiry
LONDON (Reuters) – A former Church of England bishop was arrested on Tuesday on suspicion of sexually assaulting boys as young as 12, police said, the latest public figure to be accused after weeks of child abuse claims that have engulfed the BBC and celebrities. Separate police investigations into the late television presenter Jimmy Savile have fuelled a national abuse scandal that has dominated public debate and provoked a bout of national soul searching. …
Russia paroles scientist jailed under Putin for spying
MOSCOW (Reuters) – A Russian court on Tuesday paroled a physicist convicted in 2004 of spying for China, a case rights activists said was an example of Vladimi r Putin's use of the courts against opponents. Rights campaigners welcomed the three-year reduction of Valentin Danilov's 14-year sentence but said it did not signal the president would halt what they say is the Kremlin's practice of using the judiciary to stifle dissent. In his 60s, Danilov is expected to be freed in 10 days. He watched the hearing from his prison in Siberia's Krasnoyarsk region by videolink. … Iran unveils new missile systems on second day of drills
DUBAI (Reuters) – Iran unveiled new missile and artillery systems on Tuesday, Iranian media reported, on the second day of large-scale military exercises which officials said were aimed at sending a warning to those threatening the Islamic Republic. Played out against a backdrop of high tension between Iran and the West over Tehran’s nuclear program, the “Velayat 4″ man oeuvres across a vast swathe of the eastern half of the country have focused on air defenses. …
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