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Domtar CEO John Williams contracts COVID-19, takes medical leave of absence
FORT MILL, S.C. — Domtar Corp. says president and chief executive John Williams has contracted COVID-19 and will take a temporary medical leave of absence.
Jan 29, 2021 1:33 PM
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Package-free stores: How the zero-waste lifestyle movement is boosting a retail trend
HALIFAX — Customers at The Tare Shop in Halifax are creative with their containers: Some use classic jars but others reuse yogurt containers, pots and pans or even empty glass liquor bottles.
Jan 29, 2021 1:19 PM
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Michigan approves Great Lakes oil pipeline tunnel permits
TRAVERSE CITY, Mich. — Michigan's environmental agency said Friday it has approved construction of an underground tunnel to house a replacement for a controversial oil pipeline in a channel linking two of the Great Lakes.
Jan 29, 2021 12:59 PM
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Preliminary GDP data suggests 2020 was worst year on record
OTTAWA — Canada's economy appears to have suffered its worst year on record as the national statistics agency's preliminary estimate showed a contraction of 5.1 per cent in 2020.
Jan 29, 2021 12:27 PM
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China finance official executed in bribery case
BEIJING — The former head of a Chinese state-owned asset management company was executed Friday on charges of taking bribes in an unusually severe penalty for a recent corruption case. Lai Xiaomin of China Huarong Asset Management Co.
Jan 29, 2021 11:40 AM
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Caterpillar 4Q sales slip, but results top Wall Street
Caterpillar’s fourth-quarter sales dropped 15% as an unchecked pandemic continued to sap demand for big machinery, but the damage was not as bad as most had expected. Sales were $11.24 billion, down significantly from last year's $13.
Jan 29, 2021 11:39 AM
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Report: Mexican economy shrinks 8.5% in 2020
MEXICO CITY — Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction. Mexico’s gross domestic product grew 3.
Jan 29, 2021 11:39 AM
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German financial oversight head out after Wirecard scandal
BERLIN — The head of Germany's financial supervisory authority will leave the job as the agency is reorganized in the aftermath of the accounting scandal at payment systems provider Wirecard, the finance ministry said Friday.
Jan 29, 2021 11:38 AM
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Bombardier says net proceeds from deal with Alstom lower due to market conditions
MONTREAL — Bombardier Inc. reported lower-than-expected net proceeds from the sale of its rail business to Alstom, attributing the decline to the division's lower cash generation in the fourth quarter.
Jan 29, 2021 11:06 AM
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US contract signings to buy homes hits record for December
SILVER SPRING, Md. — The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it was still a record high for December. The National Association of Realtors' index of pending home sales dipped 0.
Jan 29, 2021 10:41 AM
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