National Business

BEIJING — The former chairman of a state-owned real estate company who publicly criticized President Xi Jinping’s handling of the coronavirus pandemic has been expelled from the ruling Communist Party and will be prosecuted on corruption charges, the

Teck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices.

TORONTO — Global News is cutting some of its workforce in what it describes as a "significant" restructuring. The Canadian news organization owned by Corus Entertainment Inc.

WASHINGTON — The nation got another dose of bad economic news Thursday as the number of laid-off workers seeking jobless benefits rose last week for the first time since late March, intensifying concerns the resurgent coronavirus is stalling or even

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,018.65, down 152.41) Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 6.19 per cent, to $0.46 on 10.58 million shares.

CALGARY — A sharp decline in North American oilfield activity in the second quarter meant more layoffs, contract terminations and parked drilling rigs, Precision Drilling Corp. reported Thursday. The Calgary-based company reported a net loss of $48.

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North American stock markets closed in the red Thursday, while gold prices continued to soar, edging closer to an all-time high.

NEW YORK — A long time ago in a pre-COVID universe far, far away, blockbusters opened around the globe simultaneously or nearly so. In 1975, “Jaws” set the blueprint. Concentrate marketing. Open wide. Pack them in.

OMAHA, Neb. — Union Pacific’s second-quarter profit fell 28% from a year ago as carload revenue tumbled in the coronavirus pandemic.