Skip to content
Join our Newsletter

National Business

Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels

Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels

Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels.
Read more >
Southwest breaks 50-year tradition, plans to start assigning seats

Southwest breaks 50-year tradition, plans to start assigning seats

Southwest Airlines is doing away with its 50-year tradition and plans to start assigning seats, as well as premium seating for customers who are seeking more legroom.
Read more >
Publisher Jimmy Lai will testify in his defense at Hong Kong national security trial, lawyer says

Publisher Jimmy Lai will testify in his defense at Hong Kong national security trial, lawyer says

HONG KONG (AP) — A defense lawyer said Thursday that prominent publisher Jimmy Lai will testify in his defense in the landmark national security trial brought under a Beijing-imposed law that has all but wiped out public dissent.
Read more >
US files details of Boeing’s plea deal related to plane crashes. It's in the hands of a judge now

US files details of Boeing’s plea deal related to plane crashes. It's in the hands of a judge now

The Justice Department submitted an agreement with Boeing on Wednesday in which the aerospace giant will plead guilty to a fraud charge for misleading U.S.
Read more >
NBA says it has signed new 11-year media rights deal with Disney, NBC and Amazon

NBA says it has signed new 11-year media rights deal with Disney, NBC and Amazon

The NBA signed its 11-year media rights deal with Disney, NBC and Amazon Prime Video on Wednesday after saying it was not accepting Warner Bros. Discovery’s US$1.8 billion per year offer to continue its longtime relationship with the league.
Read more >
Aecon reports $123.9 million loss in second quarter, revenue down

Aecon reports $123.9 million loss in second quarter, revenue down

TORONTO — Aecon Group Inc. says it lost $123.9 million in the second quarter, down from a profit of $28.2 million a year earlier. The Toronto-based company says revenue totalled $853.8 million, down from $1.
Read more >
West Fraser second-quarter profits rise from loss last year, sales also up

West Fraser second-quarter profits rise from loss last year, sales also up

VANCOUVER — West Fraser Timber Co. says it earned US$105 million in the second quarter, up from a loss of US$131 million a year earlier. The Vancouver-based company says it saw sales of US$1.7 billion, up from US$1.
Read more >
B.C. First Nation gets $147M from Ottawa for lost water rights 131 years ago

B.C. First Nation gets $147M from Ottawa for lost water rights 131 years ago

ESK'ET, BRITISH COLUMBIA — The federal government has reached a $147-million settlement with a First Nation in British Columbia over a dispute about water rights that dates back to the late 1800s.
Read more >
Banks lower prime rates in line with Bank of Canada rate cut

Banks lower prime rates in line with Bank of Canada rate cut

Canadian financial institutions say they are lowering their prime lending rates to match the decrease announced by the Bank of Canada. The central bank lowered its key interest rate by a quarter percentage point Wednesday to 4.5 per cent.
Read more >
CrowdStrike blames bug for letting bad data slip through, leading to global tech outage

CrowdStrike blames bug for letting bad data slip through, leading to global tech outage

NEW YORK (AP) — CrowdStrike is blaming a bug in an update that allowed its cybersecurity systems to push bad data out to millions of customer computers, setting off last week's global tech outage that grounded flights, took TV broadcasts off air and
Read more >