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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.

Former StarKist tuna exec pleads guilty to price fixing

SAN FRANCISCO — A former StarKist tuna company executive has pleaded guilty in federal court to price-fixing packaged seafood sold in the United States.

Stephen Hodge, a former senior vice-president for sales at StarKist Co., entered his plea Wednesday in federal court in San Francisco, the U.S. Justice Department said in a statement. He is scheduled to be sentenced in March.