National Business

BOSTON (AP) — A former Massachusetts mayor first elected at the age of 23 by touting himself as a successful entrepreneur was convicted Friday of stealing money from investors in his start-up to bankroll his lavish lifestyle and soliciting bribes fro

CALGARY — The Kyrgyz Republic state company that owns 26 per cent of the shares of Canadian miner Centerra Gold Inc. says in a regulatory filing it intends to sell about 19 per cent of its holdings. Centerra's shares fell by as much as 6.

MONTREAL — Transat A.T. says negotiations about a takeover offer from Pierre Karl Peladeau ended Thursday, while the Quebec businessman says that he was no longer interested in acquiring the tour operator.

OTTAWA — Canadian wholesale and manufacturing sales in both climbed higher in March after pulling back in February. Statistics Canada said Friday manufacturing sales hit their highest level since June 2019 as they climbed 3.5 per cent to $57.

LONDON (AP) — Ireland's health service shut down its IT systems on Friday after being targeted in a ransomware attack by what it called “international criminals.

WASHINGTON (AP) — U.S. industrial production increased for a second straight month in April as more factories came online after being shutdown by winter ice storms.

MONTREAL — SNC-Lavalin Group Inc. reported a profit attributable to shareholders of $73 million in its latest quarter compared with a loss of nearly $66 million in the same quarter last year.

TORONTO — Onex Corp. reported a net profit of US$415 million in its latest quarter compared with a net loss of US$997 million in the same quarter last year. The private equity investment firm, which keeps its books in U.S.

LAS VEGAS (AP) — Hip-hop music figure Jamal “Mally Mall” Rashid was sentenced Thursday in Las Vegas to 33 months in federal prison for owning and operating a prostitution business disguised as an escort enterprise, federal prosecutors and his defense

Kansas City Southern Inc. says it is terminating its merger agreement with CP Rail after determining that rival Canadian National Railway's revised US$33.6-billion offer was superior.