National Business

CALGARY — Cathedral Energy Services Ltd. says industry veteran Tom Connors has been tapped to replace president and CEO Scott MacFarlane next month as he retires from the Calgary-based directional and horizontal drilling company.

TOKYO — Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value.

CALGARY — Shares in Paramount Resources Ltd. are on the rise after it reported oil and gas production that beat its own guidance and announced it had sold non-core assets for $80 million.

LOS ANGELES — In the year since the helicopter carrying Kobe Bryant crashed into a hillside on a foggy morning, killing all nine aboard, there’s been plenty of finger-pointing over the cause of the tragedy. Bryant’s widow blamed the pilot.

VANCOUVER — Well Health Technologies Corp. has signed a deal to buy CRH Medical Corp. for US$292.7 million. Under the agreement, Well Health will pay US$4 per share for the Vancouver-based company.

ROME — Pope Francis urged governments on Monday to use the coronavirus crisis as a revolutionary opportunity to create a world that is more economically and environmentally just — and where basic health care is guaranteed for all.

CANBERRA, Australia — The Australian prime minister on Monday dismissed as “speculative” reports that a Chinese company plans to build a new industrial island city near Australia’s porous sea border with Papua New Guinea.

EDMONTON — Alberta restaurants can reopen today for in-person dining as part of the province’s four-step plan to reopen the economy.

NEW YORK — During this year's Super Bowl, the Tampa Bay Buccaneers reigned supreme on the field. During advertising's biggest night, there were hits and misses as well.

RED DEER, Alta. — A company that operates a pork processing plant in central Alberta says a COVID-19 outbreak at the facility has grown to nearly 80 cases this weekend.