National Business

TORONTO — Coinsquare Ltd. CEO Cole Diamond will step down after securities regulators accused the cryptocurrency company of misleading investors and manipulating the market.

NEW YORK — The CEO of the parent company of Kate Spade, Stuart Weitzman and Coach fashion brands resigned Tuesday citing allegations of misconduct by a woman with whom he had a relationship more than a decade ago. Jide Zeitlin had been Tapestry Inc.

MONTREAL, Ont. — Canadian National Railway Co. has laid off about 4,000 employees from its workforce this year as profits sagged 60 per cent in the second quarter amid fallout from the COVID-19 pandemic.

TORONTO — Canada's main stock index gave up early triple-digit gains on Tuesday as energy remained the sector with strong gains by the end of the trading day. The S&P/TSX composite index closed down 20.70 points at 16,162.96, despite an 8.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,162.96 , down 20.70 points.) Royal Bank of Canada (TSX:RY). Financials. Up 76 cents, or 0.80 per cent, to $95.70 on 10.

NEW YORK — Not only can President Donald Trump's niece Mary sell books, she can draw a crowd on television. Her one-hour interview with Rachel Maddow last Thursday reached 5.

TORONTO — Wattpad Corp. is providing more details about what data hackers might have gotten their hands on during a potential breach of the online storytelling platform.

Retail sales are on pace to recover from the COVID-19 shutdowns after surging nearly 19 per cent in May with even larger gains expected in June, says Statistics Canada. The agency says retail sales increased to $41.

ST. JOHN'S, N.L. — Production at the Hibernia offshore production platform 315 kilometres east of St. John’s, N.L., has been halted after an apparent spill of drilling and production fluids.

Coca-Cola's revenue plunged 28% in the second quarter, but the company thinks the worst could be behind it. Coke Chairman and CEO James Quincey said sales improved sequentially in May, June and July despite surging cases in key markets like the U.S.