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Air Canada increases size of financing deal to roughly $1.4 billion

Air Canada increases size of financing deal to roughly $1.4 billion

MONTREAL — Air Canada has increased the size of a financing deal announced earlier this week to roughly $1.4 billion as it works to bolster its coffers to deal with the pandemic. The company says the shares in the offering have been priced at $16.
Pending home sales plunged 21.8% in April on a monthly basis

Pending home sales plunged 21.8% in April on a monthly basis

BALTIMORE — April had a record collapse in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the coronavirus outbreak.
How to put 'found money' generated from pandemic savings to good use

How to put 'found money' generated from pandemic savings to good use

CALGARY — An elevator salesman in Calgary says two months of working from his house in the northwest part of the city have convinced him there's no place like home to conduct business.
Irving to buy North Atlantic Refining including refinery in Come By Chance, N.L.

Irving to buy North Atlantic Refining including refinery in Come By Chance, N.L.

SAINT JOHN, N.B. — Irving Oil has signed a deal to buy North Atlantic Refining Corp., including a refinery in Come By Chance, N.L., from U.S. investment firm Silverpeak.
CIBC reports $392-million Q2 profit, down from $1.35 billion a year ago

CIBC reports $392-million Q2 profit, down from $1.35 billion a year ago

TORONTO — Canadian Imperial Bank of Commerce took a nearly $1-billion hit to its second-quarter profit as its provisions for credit losses soared due to the pandemic and the plunge in oil prices.
Orders for US big-ticket factory goods drop 17.2% in April

Orders for US big-ticket factory goods drop 17.2% in April

WASHINGTON — U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy. The Commerce Department said Thursday that orders for durable goods dropped 17.
Nissan to close Indonesia, Spain auto plants after losses

Nissan to close Indonesia, Spain auto plants after losses

TOKYO — Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the pandemic squashed global demand and disrupted production.
Boeing cuts 12,000 jobs, resumes production of grounded jet

Boeing cuts 12,000 jobs, resumes production of grounded jet

Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
NBC, producers say 'America's Got Talent' cleared by probe

NBC, producers say 'America's Got Talent' cleared by probe

LOS ANGELES — An investigation of Gabrielle Union’s complaints of racism on the set of “America’s Got Talent” concluded that her allegations were unfounded, according to NBC and the show’s producers.
CBS is TV's most-watched network for 12th year in a row

CBS is TV's most-watched network for 12th year in a row

The winner, and still champion, is CBS. The Tiffany network finished the traditional television season, which ended last week, as the most-watched broadcaster for the 12th consecutive year, the Nielsen company said.
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