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National Business
National Business
Business software firm Open Text buys Montreal-based XMedius for $75 million
WATERLOO, Ont. — Business software company OpenText has acquired XMedius, a provider of secure file exchange and communication, for $75 million in cash.
Mar 9, 2020 6:29 AM
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Italy quarantines north in drastic bid to slow virus spread
ROME — Italy took a page from China’s playbook Sunday, attempting to lock down 16 million people — more than a quarter of its population — for nearly a month to halt the relentless march of the new coronavirus across Europe.
Mar 8, 2020 8:54 PM
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Canada's airline duopoly leaves low-cost carriers and flyers feeling shut out
MONTREAL — As a new virus wreaks havoc on the global travel industry, aviation upstarts in Canada have their radar trained on a more entrenched set of challenges.
Mar 8, 2020 11:46 AM
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Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Housing starts Canada Mortgage and Housing Corp. will release its preliminary housing start data for February on Monday.
Mar 8, 2020 7:00 AM
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21 positive for coronavirus on cruise ship off California
SAN FRANCISCO — Twenty-one people aboard a mammoth cruise ship off the California coast tested positive for the new coronavirus and 19 of them are crew members, Vice-President Mike Pence announced Friday, amid evidence the vessel was the breeding gro
Mar 6, 2020 8:59 PM
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FAA seeks $19.7 million penalty against Boeing over sensors
Federal regulators want to fine Boeing $19.68 million for installing sensors that the agency says might not have been compatible with a system pilots use to see instrument readings.
Mar 6, 2020 5:02 PM
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Austin officials cancel South by Southwest festival
AUSTIN, Texas — The organizers of South By Southwest — which draws hundreds of thousands of visitors and some of Hollywood and music's biggest stars — announced Friday they had cancelled the annual arts and technology festival, saying they're “devast
Mar 6, 2020 4:45 PM
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Oil price dives as OPEC, Russia fail to agree on output cut
VIENNA — OPEC and key ally Russia failed to agree Friday on a cut to oil production that would have contained the plunge in the price of crude caused by the new coronavirus outbreak's massive disruption to world business.
Mar 6, 2020 3:35 PM
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Plunging yields force investors and Fed to rethink strategy
WASHINGTON — The response in stock markets to the growing risk from the coronavirus has been swift and fierce. But a better gauge of fear on Wall Street may be the bond market, where the moves over the past few weeks have been even more breathtaking.
Mar 6, 2020 3:32 PM
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Roller-coaster week ends with bond yields, stocks sinking
NEW YORK — A dizzying, brutal week of trading dropped one last round of harrowing swings on investors Friday. After skidding sharply through the day as fear pounded markets, steep drops for stocks and bond yields suddenly eased up in the last hour.
Mar 6, 2020 2:43 PM
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