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Norbord Q2 profit doubles

TORONTO—Norbord Inc. increased its dividend as it reported its second-quarter profit more than doubled compared with a year ago.

The maker of oriented strand board said it will pay 50 cents (Cdn.) per share under its variable dividend policy, up from a payment of 20 cents (Cdn.) in its last quarterly payment to shareholders.

Norbord Q2 profit more than doubles, increases dividend 67 per cent

TORONTO — Norbord Inc. (TSX:OSB) increased its dividend as it reported its second-quarter profit more than doubled compared with a year ago.

The maker of oriented strand board says it will pay 50 cents Cdn per share under its variable dividend policy, up from a payment of 20 cents Cdn in its last quarterly payment to shareholders.

Alexa, turn up my Kenmore AC; Sears cuts a deal with Amazon

HOFFMAN ESTATES, Ill. — Sears will begin selling its appliances on Amazon.com, including smart appliances that can be synced with Amazon’s voice assistant, Alexa.

The announcement Thursday sent shares of Sears soaring almost 11 per cent. The tie-up with the internet behemoth could give shares of the storied retailer one of its biggest one-day percentage gains ever.