National Business

NEW YORK — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain.

SACRAMENTO, Calif. — California will have a budget shortfall of $54.3 billion because of the economic devastation wrought by the coronavirus, Gov.

DALLAS — A Texas salon owner who defied Republican Gov.

TORONTO — Cineplex says it's delaying the release of its first-quarter financial results as it focuses on the business impact of COVID-19.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (14,833.69, up 2.95 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down eight cents, or 15.

TORONTO — Canada's main stock index inched slightly higher on the growing shine from metals as the Canadian price of gold moved closer to a record high. The June gold contract was up US$37.30 at US$1,725.80 an ounce.

MONTREAL — Bombardier Inc. took a major earnings hit last quarter — with more losses to come — as fallout from the COVID-19 pandemic blocked aircraft deliveries and shut down operations across dozens of plants.

MONTREAL — Shares of Bausch Health Companies Inc. fell more than eight per cent as the company lowered its 2020 forecast after a loss in in the first quarter due to the COVID-19 pandemic.

TORONTO — Consumers should get ready for a new world of retail as indoor shopping mall operators across the country prepare to reopen their doors with an abundance of COVID-19 precautions in the coming weeks.

CALGARY — American oil and gas producer Murphy Oil Corp. says it is shutting its Calgary office as part of a plan to cut costs as oil prices remain at low ebb.