National Business

CALGARY — Precision Drilling Corp. tripled its Canadian rig count in the second quarter, even as its net loss surged to $75.9 million because of compensation charges. The Calgary-based company lost $5.71 per diluted share, compared with a loss of $3.

HALIFAX — Jonathan Tyson sold two cars in two years. The first, a Volkswagen Golf, he advertised through online classifieds and sold privately.

CINCINNATI (AP) — The energy giant at the center of a $60 million bribery scheme in Ohio admitted to riveting new details of its role in the conspiracy Thursday as part of a settlement agreement with federal prosecutors, including how it used secret

QUEBEC — The board of director of Exfo Inc. has decided not to pursue an unsolicited takeover proposal from competitor Viavi Solutions Inc. after its controlling shareholder rejected anything but his deal to take the company private.

Sales of previously occupied U.S. homes rose in June, snapping a four-month losing streak, while strong demand for higher-end properties and ultra-low mortgage rates helped push prices to new highs. Existing homes sales rose 1.

TORONTO — Amazon has cancelled its Prime Day marketing event in Canada this year due to the impact of COVID-19 on its operations.

KITIMAT, B.C. — The union representing Rio Tinto employees in British Columbia has issued a 72-hour strike notice after nearly seven weeks of negotiations.

TORONTO — A group representing Canada's small business sector has launched a petition pressing the federal government to halt the phasing out of financial support programs.

MADRID (AP) — A British man wanted in the United States in connection with a Twitter hack that compromised dozens of influential accounts has been jailed in Spain while he awaits possible extradition.

WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy.