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National Business
National Business
US economic growth for last quarter is revised up to a 5.2% annual rate
WASHINGTON (AP) — Shrugging off higher interest rates, America's consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported Wednesday in an upgrade from its previous estimate.
Nov 29, 2023 9:55 AM
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Cutting-edge antibody therapy firm, AbCellera, to lay off 10 per cent of workforce
VANCOUVER — The Vancouver-based company that helped develop the first antibody therapy treatment for COVID-19 has announced layoffs amounting to 10 per cent of its workforce. AbCellera Biologics Inc.
Nov 29, 2023 9:47 AM
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Enbridge raising quarterly dividend next year as it expects business to grow
CALGARY — Enbridge Inc. is raising its dividend as it expects its business to continue to grow next year.
Nov 29, 2023 9:02 AM
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GM says strike cost $1.1B, but it can absorb rising labor costs as it raises dividend
DETROIT (AP) — General Motors says pretax earnings took a $1.1 billion hit this year from a six-week strike by autoworkers, but the company expects to absorb the costs of a new contract and is even raising its dividend.
Nov 29, 2023 7:49 AM
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Emirati-designated COP28 leader forcefully denies report UAE wanted to seek oil deals in summit
DUBAI, United Arab Emirates (AP) — The Emirati president-designate for the upcoming United Nations COP28 climate talks forcefully denied Wednesday a report alleging his nation planned to use the summit to strike oil and gas deals, a day before the su
Nov 29, 2023 6:16 AM
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AI won't pose immediate existential threat but 'safety brakes' needed: Microsoft
Microsoft’s president says he doesn't think artificial intelligence poses an immediate threat to humanity's existence, but governments and businesses still need to move faster to address the technology's risks by implementing what he calls "safety br
Nov 29, 2023 6:00 AM
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OpenText divesting AMC business to Rocket Software for US$2.3 billion
OpenText Corp. says it's divesting its AMC business to Rocket Software, Inc. for US$2.275 billion in cash. The Waterloo, Ont.-based company says it has reached a definitive agreement with Rocket, a Bain Capital portfolio company.
Nov 28, 2023 6:38 PM
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Coastal GasLink pipeline mechanically complete before year-end deadline
VANCOUVER — The Coastal GasLink pipeline that stretches across northern B.C. is mechanically complete ahead of the company's year-end deadline. A statement from TC Energy Corp.
Nov 28, 2023 6:36 PM
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Alimentation Couche-Tard reports net earnings of US$819.2 million in second quarter
LAVAL, Que. — Alimentation Couche-Tard Inc. says its net earnings for the second quarter were US$819.2 million, up from US$810.4 million a year earlier. The Laval, Que.-based company says total merchandise and service revenues were US$4.
Nov 28, 2023 6:21 PM
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Charlie Munger, Warren Buffet's longtime sidekick at Berkshire Hathaway, dies at 99
OMAHA, Neb. (AP) — Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He was 99.
Nov 28, 2023 5:30 PM
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