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National Business
National Business
Elsie moooves on: Borden dairy sold to private equity firms
Elsie the cow has a new home. Borden dairy, which filed for bankruptcy protection in January, has been sold to two private equity firms. Dallas-based Borden said Friday it was sold for about $340 million to Capitol Peak Partners and KKR.
Jun 26, 2020 7:23 PM
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Kenney says ambitious, long-term Alberta economy reboot plan coming Monday
GRANDE PRAIRIE, Alta. — Premier Jason Kenney says his government's blueprint to reboot Alberta's distressed economy will be announced Monday in Calgary.
Jun 26, 2020 5:31 PM
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Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,188.98, down 257.16 points.) TC Energy Corp. (TSX:TRP). Energy. Down $1.41, or 2.41 per cent, to $57.15 on 26.9 million shares.
Jun 26, 2020 5:23 PM
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Rising COVID-19 infections in the U.S. push stock markets lower to end week
TORONTO — North American stock markets capped a poor weak by moving sharply lower Friday on rising COVID-19 infections in the U.S.
Jun 26, 2020 5:08 PM
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One-time charges weigh on Corus Q3 results, revenue drops as advertising slows
TORONTO — Television and radio broadcaster Corus Entertainment Inc. lost $752.3 million in its latest quarter as it took a one-time impairment charge related its to broadcast licenses and goodwill.
Jun 26, 2020 4:56 PM
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Air Canada, WestJet to drop physical distancing policies as air travel ticks up
MONTREAL — The country's two largest airlines are ending their on-board seat distancing policies starting July 1, raising health concerns amid a pandemic that has devastated the travel industry.
Jun 26, 2020 4:12 PM
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Freshii swings to US$2.5-million loss in first quarter as revenue falls
TORONTO — Freshii Inc. swung to a US$2.5-million loss in its first quarter as revenue fell 11 per cent from a year ago.
Jun 26, 2020 1:37 PM
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Amazon looks to self-driving future by acquiring Zoox
NEW YORK — Amazon said Friday that it is buying self-driving technology company Zoox, which is developing an autonomous vehicle for a ride-hailing service that people would request on their phones.
Jun 26, 2020 12:49 PM
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Novelist Patchett has Nashville bookstore customers swooning
NASHVILLE — The Nashville bookstore that opened and thrived while others were closing their doors is once again defying the odds, thanks, in part, to its famous novelist co-owner.
Jun 26, 2020 12:04 PM
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US consumer spending up 8.2%, partly erasing record plunge
WASHINGTON — American consumers increased their spending by a record 8.2% in May, partly erasing huge plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest pace on record this quarter.
Jun 26, 2020 10:56 AM
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