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National Business
US economic growth increased last quarter to a healthy 2.8% annual rate
WASHINGTON (AP) — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.
Jul 25, 2024 7:54 AM
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Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels
Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels.
Jul 25, 2024 6:57 AM
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Southwest breaks 50-year tradition, plans to start assigning seats
Southwest Airlines is doing away with its 50-year tradition and plans to start assigning seats, as well as premium seating for customers who are seeking more legroom.
Jul 25, 2024 4:39 AM
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Publisher Jimmy Lai will testify in his defense at Hong Kong national security trial, lawyer says
HONG KONG (AP) — A defense lawyer said Thursday that prominent publisher Jimmy Lai will testify in his defense in the landmark national security trial brought under a Beijing-imposed law that has all but wiped out public dissent.
Jul 24, 2024 10:00 PM
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US files details of Boeing’s plea deal related to plane crashes. It's in the hands of a judge now
The Justice Department submitted an agreement with Boeing on Wednesday in which the aerospace giant will plead guilty to a fraud charge for misleading U.S.
Jul 24, 2024 8:09 PM
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NBA says it has signed new 11-year media rights deal with Disney, NBC and Amazon
The NBA signed its 11-year media rights deal with Disney, NBC and Amazon Prime Video on Wednesday after saying it was not accepting Warner Bros. Discovery’s US$1.8 billion per year offer to continue its longtime relationship with the league.
Jul 24, 2024 4:40 PM
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Aecon reports $123.9 million loss in second quarter, revenue down
TORONTO — Aecon Group Inc. says it lost $123.9 million in the second quarter, down from a profit of $28.2 million a year earlier. The Toronto-based company says revenue totalled $853.8 million, down from $1.
Jul 24, 2024 3:54 PM
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West Fraser second-quarter profits rise from loss last year, sales also up
VANCOUVER — West Fraser Timber Co. says it earned US$105 million in the second quarter, up from a loss of US$131 million a year earlier. The Vancouver-based company says it saw sales of US$1.7 billion, up from US$1.
Jul 24, 2024 3:22 PM
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B.C. First Nation gets $147M from Ottawa for lost water rights 131 years ago
ESK'ET, BRITISH COLUMBIA — The federal government has reached a $147-million settlement with a First Nation in British Columbia over a dispute about water rights that dates back to the late 1800s.
Jul 24, 2024 3:16 PM
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Banks lower prime rates in line with Bank of Canada rate cut
Canadian financial institutions say they are lowering their prime lending rates to match the decrease announced by the Bank of Canada. The central bank lowered its key interest rate by a quarter percentage point Wednesday to 4.5 per cent.
Jul 24, 2024 2:33 PM
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