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National Business
National Business
Yellow Pages third-quarter profits plunge 35 per cent as revenues take a hit
MONTREAL — Yellow Pages Ltd. missed expectations as its net profit plunged in the third quarter on an 18 per cent drop in revenues.
Nov 12, 2020 1:54 PM
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Correction: Virus Outbreak-Business Travel story
In a Nov. 11, 2020, story about the future of business travel, The Associated Press erroneously reported the name of one of the subjects of the story. His name is Brandon Contreras, not Brian Contreras.
Nov 12, 2020 1:53 PM
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Power Corp. third-quarter profits attributable to shareholders surge to $505 million
MONTREAL — Power Corp. says its net profit attributable to shareholders surged more than 40 per cent in the third quarter to $505 million from $359 million a year earlier.
Nov 12, 2020 1:32 PM
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Landlord's attempt to evict HBC blocked for now, but retailer ordered to pay rent
TORONTO — An Ontario judge has ordered Hudson's Bay Co. to pay half the rent owing at one of its department stores, while blocking a landlord's attempt to evict the iconic retailer.
Nov 12, 2020 11:34 AM
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US consumer prices unchanged in October, lowest in 5 months
WASHINGTON — U.S. consumer prices were unchanged in October, the lowest reading in five months, suggesting that a price spike over the summer is beginning to fade as coronavirus cases spread. The flat reading for last month followed a gain of 0.
Nov 12, 2020 11:33 AM
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709,000 seek US jobless aid as pandemic escalates
WASHINGTON — The number of people seeking U.S. unemployment benefits fell last week to 709,000, a still-high level but the lowest figure since March and a further sign that the job market might be slowly healing.
Nov 12, 2020 11:33 AM
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Champion Iron approves $512.6-million expansion of Bloom Lake mine in Quebec
MONTREAL — Champion Iron Ltd. says it will move ahead with an expansion of its Bloom Lake open pit mining complex in northeastern Quebec that is expected to double capacity and create 375 new permanent jobs.
Nov 12, 2020 11:28 AM
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Castlepoint Numa sells stake in Pinewood Toronto Studios to Bell Media
TORONTO — Castlepoint Numa Inc. says it has sold its minority interest in Pinewood Toronto Studios to majority shareholder Bell Media. Financial terms of the sale were not disclosed.
Nov 12, 2020 11:25 AM
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New Yorker fires writer Jeffrey Toobin after Zoom incident
NEW YORK — The New Yorker has fired longtime staff writer Jeffrey Toobin after he reportedly exposed himself during a Zoom conference last month. He had already been on suspension and is also on leave from CNN, where he is chief legal analyst.
Nov 12, 2020 11:23 AM
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Brookfield Asset Management looks to grow reinsurance business with new entity
TORONTO — Brookfield Asset Management says it is creating BAM Reinsurance as a new publicly traded business similar to Brookfield Renewable and Brookfield Infrastructure.
Nov 12, 2020 9:59 AM
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