National Business

WILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank , but is working to help depositors who are concerned about their money .

DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists.

TORONTO — A union representing 200 employees of Indigo Books & Music Inc. is calling on the retailer to disclose more information about the scope of its recent data breach and offer additional support to staff affected by the cyberattack.

BEIJING (AP) — China on Saturday named Li Qiang , a close confidant of top leader Xi Jinping , as the country’s next premier nominally in charge of the world’s second-largest economy now facing some of its worst prospects in years.

MONTREAL — The federal government gave the thumbs-up Friday to WestJet Airlines' takeover of Sunwing Airlines and Sunwing Vacations in a major consolidation of the Canadian aviation market following a tumultuous year for travel.

MONTREAL — Airports and airlines prepared for a surge in passengers this week ahead of spring break after a year where the industry has struggled to cope with peak travel times.

CALGARY — The estimated cost of the Trans Mountain pipeline expansion project has increased once again, this time to $30.9 billion. That's the latest figure from Trans Mountain Corp., the federal Crown corporation that owns the pipeline.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,774.92, down 311.80): Suncor Energy Inc. (TSX:SU). Energy. Down 37 cents, or 0.79 per cent, to $46.27 on 17.9 million shares.

TORONTO — Canada's main stock index lost more than 1.5 per cent Friday on broad-based weakness led by financials and technology, as U.S. markets fell after a major bank had its assets seized by the government.

NEW YORK (AP) — Fear rattled Wall Street, and stocks tumbled Friday on worries about what’s next to break under the weight of rising interest rates following the biggest U.S. bank failure in nearly 15 years. The S&P 500 dropped 1.