National Business

CALGARY — MEG Energy Corp. boosted its full-year production guidance after reporting $68 million in net profits in the second quarter on a near doubling of revenues.

TORONTO — Magna International Inc. is advancing its goal of becoming a global leader in advanced driver assistance technology by reaching an agreement to acquire Swedish automotive safety technology firm Veoneer for US$3.8 billion including debt.

Air Canada is anticipating a recovery in demand in the coming months as travel restrictions are eased and leisure passengers look to get away after being grounded by COVID-19.

CLEVELAND (AP) — Known as the Indians since 1915, Cleveland’s Major League Baseball team will be called Guardians.

TORONTO — Unifor says after eight months of bargaining, it has reached a tentative deal with BCE Inc. that will cover craft workers.

BEIJING (AP) — A man has confessed to defrauding Chinese-Canadian pop singer Kris Wu over a teenager’s accusation he had sex with her when she was drunk, according to Beijing police.

ATLANTA (AP) — It took less than two hours Thursday for jurors to decide that Georgia's suspended insurance commissioner was indeed a “fraudster” and not an innovator, as they convicted Jim Beck on 37 criminal counts relating to more than $2 million

TORONTO — Canadian companies and other global businesses say their websites and services are fully operational again after they experienced technical difficulties or outages this afternoon.

SAN FRANCISCO (AP) — Despite opposition from student groups, University of California regents on Thursday approved a multiyear plan to raise tuition and fees at one of the nation's premier public university systems.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,097.52, down 12.53 points.) Royal Bank of Canada (TSX: RY) Financials. Down 44 cents, or 0.35 per cent to $125.86 on 10.