National Business

NEW YORK — Walmart emerged as one of the few lifelines to millions of people as the coronavirus spread, leading to surging profit and sales for the world's largest retailer. Online sales in the U.S.

CALGARY — Billions of dollars in lawsuits will likely result if Joe Biden is elected U.S. president this November and carries out a threat to cancel the presidential permit allowing operation of the Keystone XL pipeline, Canadian observers say.

MONTREAL — Reitmans (Canada) Ltd. has received an initial order Tuesday after seeking court protection from its creditors under the Companies' Creditors Arrangement Act to allow a restructuring of the women's clothing retailer.

CALGARY — The financial stress caused by low oil prices from plummeting fuel demand during the COVID-19 pandemic will result in a wave of Canadian energy mergers and acquisitions — but not until after the world begins to return to normal, observers s

TORONTO — A list of some of the companies that have filed for court protection from creditors under the Companies' Creditors Arrangement Act since the beginning of the pandemic: May 19: Reitmans (Canada) Ltd. (Retail) May 15: Entrec Corp.

LOS ANGELES — LeBron James, Jimmy Fallon, Spotify and HBO are among the 2020 Webby Award winners for internet excellence. The International Academy of Digital Arts and Sciences announced the winners Tuesday.

Thomas Rosenthal has been checking online property listings every day while under lockdown.

TOKYO — Sony Corp. plans to make its financial services unit a wholly owned subsidiary to ensure stability as it rides out the hardships brought on by the coronavirus pandemic.

ATLANTA — The cost of the spreading coronavirus pandemic dragged on profits early in the year at Home Depot. The world's biggest home improvement chain upped compensation for employees, extended dependent care benefits and waived related co-pays.

TORONTO — Chesswood Group Ltd. says it is temporarily suspending its monthly dividend as part of its plan to resume funding new business in the U.S. as closure restrictions due to the pandemic begin to lift.