National Business

NEW YORK (AP) — Stocks closed lower on Wall Street ahead of a week full of potentially market-moving events. The S&P 500 fell 1.3% Monday as markets prepare for decisions on interest rates around the world and a slew of earnings reports.

VANCOUVER — A second investment manager is voicing its opposition to a plan by Ritchie Bros. Auctioneers Inc. to buy vehicle auction company IAA Inc. In a letter to the Ritchie Bros.

TORONTO — New guidance for drinking alcohol could speed up changing consumer drinking habits as younger generations drink less and non-alcoholic beverages become more popular, advocates and business owners in the beverage industry say.

DETROIT (AP) — Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps .

TORONTO — Most Black Canadians feel their employers made progress addressing anti-Black racism last year — but they worry about what a recession could mean for those gains, a KPMG survey said.

TORONTO — The companies involved in the Rogers Communications Inc. deal to buy Shaw Communications have extended the deadline to complete the transaction. Rogers, Shaw, the Shaw Family Living Trust and Quebecor Inc.

TOKYO (AP) — Nissan and Renault have changed their mutual cross-shareholdings equal at 15%, ironing out a source of conflict in the Japan-French auto alliance. Renault Group will transfer 28.

CALGARY — Once bitten, twice shy. It's an old adage that explains why Jason Schneider, the elected reeve of Vulcan County, Alta., is jittery about the renewable energy boom under way in his province.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Imperial Oil results Imperial Oil Ltd.

SURREY, B.C. — FortisBC Holdings Inc. says it has signed a deal with a First Nation in British Columbia over the Tilbury liquefied natural gas expansion projects. The subsidiary of utilities company FortisInc.