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National Business
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N.L. offers owners of Terra Nova oilfield $175 million — but only if oil flows again
ST. JOHN'S, N.L. — Newfoundland and Labrador is offering $175 million to the owners of the dormant Terra Nova offshore oilfield, but only if oil starts pumping again.
Jan 15, 2021 11:24 AM
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Wells Fargo 4Q profit rose 4%, tops Street estimates
SILVER SPRING, Md. — Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year defined by the coronavirus outbreak.
Jan 15, 2021 10:37 AM
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Xi asks Starbucks' Schultz to help repair US-China ties
BEIJING — President Xi Jinping is asking former CEO Howard Schultz of Starbucks to help repair U.S.-Chinese relations that have plunged to their lowest level in decades amid a tariff war and tension over technology and security.
Jan 15, 2021 10:14 AM
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Walmart's e-commerce chief to leave after nearly 5 years
NEW YORK — Marc Lore, Walmart's e-commerce chief, is leaving the world's largest retailer, nearly five years after he joined to super charge its online business amid stiffer competition from online leader Amazon.
Jan 15, 2021 10:08 AM
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Citigroup 4Q profit down 7%, revenue drops by 10%
CHARLOTTE, N.C. — Banking conglomerate Citigroup said its fourth quarter profits fell by 7%, but like its competitor JPMorgan Chase, the bank saw improvement from the darkest days of the pandemic shutdowns.
Jan 15, 2021 9:31 AM
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Quebec workplace safety board fines Dollarama stores for inadequate sanitary measures
MONTREAL — Quebec's workplace safety board has issued fines to nine Dollarama locations in the province for failing to respect sanitary guidelines.
Jan 15, 2021 8:57 AM
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Home sales hit record in 2020, Canadian Real Estate Association reports
Home sales in December hit an all-time record for the month to end what was also a record year, the Canadian Real Estate Association said Friday. December sales were up 47.
Jan 15, 2021 8:45 AM
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Pfizer temporarily reduces European deliveries of vaccine
COPENHAGEN — U.S. pharmaceutical company Pfizer confirmed Friday it will temporarily reduce deliveries to Europe of its COVID-19 vaccine while it upgrades production capacity to 2 billion doses per year.
Jan 15, 2021 8:29 AM
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US industrial production jumps 1.6% in December
SILVER SPRING, Md. — U.S. industrial production rose 1.6% in December, a third straight monthly gain, but remains below its pre-pandemic level. The December gain in industrial output followed a 0.
Jan 15, 2021 8:03 AM
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Milan opens 1st fashion week with no VIP guests due to virus
MILAN — Italy’s fashion chamber is opening on Friday the first Milan Fashion Week that won't have VIPS populating runway front rows, as the reality of Italy's persistent resurgence of the coronavirus has forced an all-virtual format for presenting me
Jan 15, 2021 7:44 AM
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