Skip to content

National Business

California jobless agency was warned of fraud, did little

California jobless agency was warned of fraud, did little

SACRAMENTO, Calif. — Despite warnings, California’s unemployment agency did nothing for four months to stop paying bogus jobless claims, according to an audit released Thursday that blamed Gov.
Brokerages limit trading in GameStop, sparking outcry

Brokerages limit trading in GameStop, sparking outcry

Robinhood and other retail brokerages took steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Cong
B.C. Hydro to offer 'clean' industries reduced rate as province aims to cut emissions

B.C. Hydro to offer 'clean' industries reduced rate as province aims to cut emissions

VICTORIA — B.C. is partnering with the province's hydroelectric utility to offer a lower rate for some industries and public transportation agencies with the goal of reducing greenhouse gas emissions, the province announced Thursday.
James Goldston stepping down as top ABC News executive

James Goldston stepping down as top ABC News executive

NEW YORK — ABC News President James Goldston said Thursday that he will leave the network at the end of March, after seven years of leading the news division.
Petronas CEO touts LNG Canada's emissions benefits, warns delays could be costly

Petronas CEO touts LNG Canada's emissions benefits, warns delays could be costly

CALGARY — The president and group CEO of oil giant Petronas says the LNG Canada liquefied natural gas export facility now under construction in B.C. helps support his company's recently set goal of having net zero greenhouse gas emissions by 2050.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (17,657.20, up 232.77 points.) BlackBerry Ltd. (TSX:BB). Technology. Down $12.69, or 40.3 per cent, to $18.80 on 23.6 million shares.
North American stock markets partially rebound from biggest losses in three months

North American stock markets partially rebound from biggest losses in three months

TORONTO — North American stock markets had their best day in nearly three months to partially recover from steep losses on Wednesday. "It's been a roller-coaster, kind of mirror image," said Angelo Kourkafas, investment strategist at Edward Jones.
Delays, restrictions come to Canada as stock-trading rockets

Delays, restrictions come to Canada as stock-trading rockets

TORONTO — Canadian banks and trading platforms continued to face questions from customers Thursday amid a flurry of stock market activity both locally and worldwide. Toronto-listed BlackBerry shares dropped 40.
Airlines close books on rotten 2020 and so far, 2021 is grim

Airlines close books on rotten 2020 and so far, 2021 is grim

DALLAS — Just how bad was 2020 for the airline industry? The six biggest U.S. airlines lost $34 billion, and Southwest suffered its first full-year loss since Richard Nixon was president and gasoline sold for 36 cents a gallon.
What is short selling? Whipsaw for GameStop stock puts scrutiny on the practice

What is short selling? Whipsaw for GameStop stock puts scrutiny on the practice

TORONTO — A recent share-price rally, then plunge, in typically sleepy companies such as GameStop has put a spotlight on a long-standing stock market practice called short selling.