National Business

BERLIN (AP) — Germany's opposition center-right Christian Democratic Union announced Tuesday that it has chosen its leader, Friedrich Merz, to be its candidate for chancellor in next year's national election.

DEER PARK, Texas (AP) — A massive pipeline explosion that sent a towering flame over neighborhoods near Houston for hours on Monday began after a vehicle drove through a fence and struck an above-ground valve, officials said.

OMAHA, Neb.

EDMONTON — Alberta's energy minister is promising strong action by next fall to clean up the province's growing backlog of unreclaimed oil and gas sites.

MONTREAL — Politics, public opinion and salary hikes south of the border helped push Air Canada toward a deal that secures major pay gains for pilots, experts say.

HALIFAX — Some Halifax-area landlords on Monday defended their use of fixed-term leases as necessary to recoup costs under Nova Scotia’s rent cap, despite criticism the leases help property owners skirt the rules.

TORONTO — Canada's main stock index rose Monday on broad-based strength, while U.S. markets were mixed as investors anticipated an interest rate cut later in the week, though the Dow set a new record.

HALIFAX — Ottawa is negotiating a $500-million bailout for Nova Scotia's privately owned electric utility, saying the money will be used to prevent a big spike in electricity rates.

NEW YORK (AP) — The Dow Jones Industrial Average closed at another all-time high after recouping its losses from early September. The S&P 500 rose close to its own record, but was held back by losses in Big Tech companies like Apple and Nvidia.

The lead engineer for an experimental submersible that imploded en route to the wreck of the Titanic testified Monday that he felt pressured to get the vessel ready to dive and refused to pilot it.