National Business

NEW YORK (AP) — Stocks slipped to send Wall Street to a rare losing week, just its second in the last 16. The S&P 500 fell 0.5% Friday after a report on inflation at the wholesale level came in hotter than expected.

Independent telecom TekSavvy says the federal regulator must urgently level the playing field when it comes to internet competition amid a shrinking market for small providers. The Chatham, Ont.

TORONTO — The high cost of not having enough money is being brought into focus by a class-action lawsuit at one of the country's largest banks.

WASHINGTON (AP) — A measure of consumer sentiment ticked higher this month, after soaring in December and January , underscoring that Americans are starting to feel better about the economy after several years of gloom.

VANCOUVER — B2Gold Corp. says three employees have died after an attack on a bus transporting workers in Mali. The company says the bus, which was travelling under Malian gendarme escort, was going from its Fekola mine to Bamako, the capital of Mali.

NEW YORK (AP) — Nike is cutting 2% of its global workforce, or little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvest its savings into what it sees as big growth areas like sport, health and wellness.

TORONTO — Fairfax Financial Holdings Ltd. reported a fourth-quarter profit attributable to shareholders of US$1.3 billion, down from US$2.3 billion a year earlier. The company, which keeps its books in U.S. dollars, says the profit amounted to US$52.

CALGARY — TC Energy Corp.

TORONTO — An Ontario court has given Factory Direct permission to liquidate its stores as it begins winding down the business.

WASHINGTON (AP) — Wholesale prices in the United States picked up in January, the latest sign that some inflation pressures in the economy remain elevated.