National Business

TORONTO — Royal Bank of Canada is making changes to its executive suite and splitting its personal and commercial banking division into two groups following its acquisition of HSBC Bank Canada earlier this year.

Telus Corp. has informed around 150 call centre employees based in Ontario they must relocate by October, apply for another role or agree to be laid off.

For Richard Khairov, a shopping trip to the U.S. is a short drive — two hours or less — from his home in Richmond Hill, Ont., just north of Toronto.

Fewer Americans filed for unemployment benefits last week as the labor market remains sturdy despite high interest rates.

LONGUEUIL, Que. — Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion. Under the agreement, Platinum Equity will pay $32.

LONDON (AP) — The European Commission, the EU's executive arm and top antitrust enforcer, said that it's accepting the commitments that Apple offered earlier this year and will make them legally binding.

Americans are traveling in record numbers this summer, but Delta Air Lines saw second-quarter profit drop 29% due to higher costs and discounting of base-level fares across the industry.

PepsiCo reported higher-than-expected earnings in the second quarter even as customer demand for its snacks and drinks continued to slip. The Purchase, New York-based company said its net income rose 12% to $3 billion, or an adjusted $2.

JAKARTA, Indonesia (AP) — Indonesia’s anti-graft court sentenced a former agriculture minister to 10 years in prison Thursday after finding him guilty of corruption-related extortion, abuse of power and bribery involving ministry contracts with priva

TORONTO — Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada's quarter-point cut to its key interest rate last month did not lead to a rush in demand.