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National Business
Irving to buy North Atlantic Refining including refinery in Come By Chance, N.L.
SAINT JOHN, N.B. — Irving Oil has signed a deal to buy North Atlantic Refining Corp., including a refinery in Come By Chance, N.L., from U.S. investment firm Silverpeak.
May 28, 2020 7:54 AM
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CIBC reports $392-million Q2 profit, down from $1.35 billion a year ago
TORONTO — Canadian Imperial Bank of Commerce took a nearly $1-billion hit to its second-quarter profit as its provisions for credit losses soared due to the pandemic and the plunge in oil prices.
May 28, 2020 7:51 AM
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Orders for US big-ticket factory goods drop 17.2% in April
WASHINGTON — U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy. The Commerce Department said Thursday that orders for durable goods dropped 17.
May 28, 2020 6:59 AM
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Nissan to close Indonesia, Spain auto plants after losses
TOKYO — Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the pandemic squashed global demand and disrupted production.
May 28, 2020 5:52 AM
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Boeing cuts 12,000 jobs, resumes production of grounded jet
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
May 27, 2020 5:56 PM
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NBC, producers say 'America's Got Talent' cleared by probe
LOS ANGELES — An investigation of Gabrielle Union’s complaints of racism on the set of “America’s Got Talent” concluded that her allegations were unfounded, according to NBC and the show’s producers.
May 27, 2020 5:23 PM
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CBS is TV's most-watched network for 12th year in a row
The winner, and still champion, is CBS. The Tiffany network finished the traditional television season, which ended last week, as the most-watched broadcaster for the 12th consecutive year, the Nielsen company said.
May 27, 2020 5:16 PM
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New owners of Torstar face financial, political challenges
TORONTO — With sheer optimism and a considerable amount of uncertainty ahead of them, two Toronto businessmen with strong political ties are betting on returning the languished Torstar Corp.
May 27, 2020 5:04 PM
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`Bummed out': SpaceX launch scrubbed because of bad weather
CAPE CANAVERAL, Fla. — The launch of a SpaceX rocket ship with two NASA astronauts on a history-making flight into orbit was called off with less than 17 minutes to go in the countdown Wednesday because of thunderclouds and the risk of lightning.
May 27, 2020 4:37 PM
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Disney, SeaWorld announce plans for Florida parks to reopen
FORT LAUDERDALE, Fla. — SeaWorld and Walt Disney World will reopen in Orlando, Florida, in June and July after months of inactivity because of the coronavirus pandemic, according to plans a city task force approved Wednesday.
May 27, 2020 4:23 PM
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