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National Business
National Business
Mall owners close to buying JC Penney out of bankruptcy
NEW YORK — Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running.
Sep 9, 2020 6:44 PM
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Lightspeed POS announces public offering in the United States and listing on NYSE
MONTREAL — Lightspeed POS Inc. says it will launch an initial public offering of its voting shares in the United States to help fund its growth strategies.
Sep 9, 2020 5:45 PM
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Husky asks for government investment while reviewing West White Rose project
ST. JOHN'S, N.L. — Husky Energy Inc. is asking the federal government and the province of Newfoundland and Labrador to make a "direct investment" in its partly completed $2.2-billion West White Rose offshore oil project.
Sep 9, 2020 5:31 PM
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North American stock markets bounce back from three-day tech-led correction
TORONTO — North American stock markets enjoyed a broadly based bounce-back midweek after a three-day correction driven by the technology sector. All 11 sectors of the TSX were higher led by materials, consumer staples and technology.
Sep 9, 2020 4:54 PM
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Stocks bounce back on Wall Street as tech bloodletting halts
NEW YORK — Wall Street snapped back to life on Wednesday, recovering from its worst stretch of losses in months, as the bloodletting for big technology stocks came to at least a temporary halt.
Sep 9, 2020 4:26 PM
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TD faces class-action lawsuit over travel insurance and cancelled trips amid pandemic
Toronto-Dominion Bank is facing a class-action lawsuit over its refusal to pay travel insurance claims following trip cancellations triggered by the COVID-19 pandemic.
Sep 9, 2020 1:46 PM
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Bank CEOs juggling careful spending with new consumer habits during COVID-19
TORONTO — The CEOs of Canada's big banks say the COVID-19 pandemic has pushed their companies to balance quickly adapting to new consumer habits with a careful approach to combating economic pressures.
Sep 9, 2020 1:14 PM
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Marriott to lay off 17% of corporate staff next month
Marriott International Inc. plans to lay off 17% of its corporate workforce next month as the coronavirus continues to take a heavy toll on the hotel industry.
Sep 9, 2020 12:02 PM
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Child care key to women's recovery from economic impacts of COVID-19: report
TORONTO — Flexible work arrangements, affordable child-care offerings and training for new jobs are all key to helping women recover from a "she-cession," says the Ontario Chamber of Commerce.
Sep 9, 2020 11:45 AM
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CPP Investments creates new senior management position to reflect anticipated growth
TORONTO — The investment manager for Canada's national retirement fund has named Edwin Cass as its first-ever chief investment officer, a position that's being created to reflect the growing size of its fund.
Sep 9, 2020 10:44 AM
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