National Business

NEW YORK — The nation’s largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores.

CALGARY — Trevali Mining Corp. says it plans to reopen its Caribou Mine near Bathurst, N.B.

ST. JOHN'S, N.L. — Newfoundland and Labrador is offering $175 million to the owners of the dormant Terra Nova offshore oilfield, but only if oil starts pumping again.

SILVER SPRING, Md. — Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year defined by the coronavirus outbreak.

BEIJING — President Xi Jinping is asking former CEO Howard Schultz of Starbucks to help repair U.S.-Chinese relations that have plunged to their lowest level in decades amid a tariff war and tension over technology and security.

NEW YORK — Marc Lore, Walmart's e-commerce chief, is leaving the world's largest retailer, nearly five years after he joined to super charge its online business amid stiffer competition from online leader Amazon.

CHARLOTTE, N.C. — Banking conglomerate Citigroup said its fourth quarter profits fell by 7%, but like its competitor JPMorgan Chase, the bank saw improvement from the darkest days of the pandemic shutdowns.

MONTREAL — Quebec's workplace safety board has issued fines to nine Dollarama locations in the province for failing to respect sanitary guidelines.

Home sales in December hit an all-time record for the month to end what was also a record year, the Canadian Real Estate Association said Friday. December sales were up 47.

COPENHAGEN — U.S. pharmaceutical company Pfizer confirmed Friday it will temporarily reduce deliveries to Europe of its COVID-19 vaccine while it upgrades production capacity to 2 billion doses per year.