Newspaper article The Canadian Press

Prep-Business Report

Newspaper article The Canadian Press

Prep-Business Report

Article excerpt

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The Toronto stock market advanced in trading yesterday on rising gold stocks.

Toronto's S-and-P / T-S-X index gained 61 points to close at 15,422.

In New York, the Dow Jones industrial average lost 13 points to 19,819.

And the Nasdaq gave back six points, to 5,432.

In Tokyo this morning, the Nikkei index fell 30 points, to 19,114.

Hong Kong's Hang Seng index rose 209 points, to 22,000.

And our dollar is trading overseas this morning at 74.13 cents U-S, up 10 -100ths of a cent from yesterday's close of 74.03.

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(World-Markets)

Asian stock markets were mixed today with little economic news to move the markets on the final trading day of 2016.

Japan's Nikkei fell 0.2 per cent, while Hong Kong's Hang Seng index rose one per cent and mainland China's Shanghai index crept up 0.2 per cent.

South Korean markets were closed for holiday. (Associated Press)

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(Oil-Prices)

Benchmark U-S crude is up 20 cents this morning to $53.97 U-S per barrel in electronic trading in New York.

The contract fell 29 cents in trading yesterday to settle at $53.77.

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(Run-DMC-Lawsuit)

The American rap and hip-hop group Run-DMC has filed a 50-million-dollar lawsuit in New York accusing Wal-Mart, Amazon, Jet and other retailers of selling products that traded on the group's name without permission.

The group says the defendants use its name on various products, including glasses, T-shirts and patches, and have generated more than 100-million dollars in revenue since its inception in the 1980's.

Run-DMC was founded in New York in 1981 by Joseph "Run" Simmons, Darryl "DMC" McDaniels and Jason "Jam Master Jay" Mizell.

Amazon and Wal-Mart, which also owns Jet, has not yet responded to a request for comment. (Associated Press)

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(US-Minimum-Wage)

Millions of the lowest-paid workers in the U-S will get raises in the new year.

Nineteen states, including New York and California, are increasing their minimum wages. …

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