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Athabasca Oil adopts lower 2021 budget, spends to maintain oilsands production

Athabasca Oil adopts lower 2021 budget, spends to maintain oilsands production

CALGARY — A Canadian oil company with production from both oilsands and light oil and gas wells is forecasting lower spending and little change in production in 2021. Athabasca Oil Corp.
Kroger 3Q sales jump as virus surges and Americans stock up

Kroger 3Q sales jump as virus surges and Americans stock up

Kroger's sales surged in the third quarter as COVID-19 infections rose rapidly in the fall and Americans restocked pantries in anticipation of spending more time at home.
US service sector growth slows for 2nd consecutive month

US service sector growth slows for 2nd consecutive month

SILVER SPRING, Md. — The U.S. services sector, where most Americans work, registered its sixth consecutive month of expansion in November.
CIBC to focus on winning more market share after reporting $1.02B profit in Q4

CIBC to focus on winning more market share after reporting $1.02B profit in Q4

TORONTO — The chief executive of Canadian Imperial Bank of Commerce says he's determined to protect and win more market share in areas like personal and small business banking as the COVID-19 pandemic continues to rage.
US jobless claims remain high at 712,000 as virus escalates

US jobless claims remain high at 712,000 as virus escalates

WASHINGTON — The number of Americans applying for unemployment benefits fell as the nation celebrated Thanksgiving last week to a still-high 712,000, the latest sign that the U.S.

Sean Parker OK'd to buy stake in Peter Jackson's VFX studio

WELLINGTON, New Zealand — New Zealand authorities have approved tech billionaire Sean Parker’s purchase of a one-third stake in film director Peter Jackson’s visual effects studio.
Hong Kong media tycoon Jimmy Lai denied bail on fraud charge

Hong Kong media tycoon Jimmy Lai denied bail on fraud charge

HONG KONG — Outspoken Hong Kong pro-democracy advocate and media tycoon Jimmy Lai was refused bail on Thursday on a fraud charge amid a growing crackdown on dissent in the semi-autonomous city.
Waiting for passengers, American puts Boeing Max in the air

Waiting for passengers, American puts Boeing Max in the air

DALLAS — American Airlines is taking its long-grounded Boeing 737 Max jets out of storage, updating key flight-control software, and flying the planes in preparation for the first flights with paying passengers later this month.
Fed reports slowing US economic activity due to virus surge

Fed reports slowing US economic activity due to virus surge

WASHINGTON — A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as coronavirus cases surged.

Baytex Energy sets lower capital budget for 2021, targets positive free cash flow

CALGARY — Baytex Energy Corp. says its is budgeting for capital spending of between $225 million and $275 million next year, a reduction at the midpoint from what it expects to spend this year.