National Business

WASHINGTON (AP) — Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors of the economy that have cooled in recent months.

OTTAWA — The head of Canada's consumer protection watchdog for the finance industry says new rules for banks coming into force establish new standards of care.

MONTREAL — Air Canada is cutting more than 15 per cent of its scheduled flights in July and August as airports face lengthy delays and cancellations amid an overwhelming travel resurgence.

TORONTO — Corus Entertainment Inc.'s chief executive said Wednesday that a recession is something he is "confident" the company can manage through.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,078.64, down 144.10 points.) Whitecap Resources Inc. (TSX:WCP). Energy. Down 63 cents, or 6.5 per cent, to $9.12 on 11.

MONTREAL — A majority of domestic flights to Canada's busiest airports were delayed or cancelled over the past week as the effects of an overloaded international network continue to ripple across the country.

TORONTO — Energy and technologies helped push Canada's main stock index lower as a shrunken U.S. economy last quarter and aggressive comments from Fed officials had investors worrying about weaker demand and a potential recession.

NEW YORK — Stocks ended mostly lower on Wall Street Wednesday, keeping the market on track for its fourth monthly loss this year. The S&P 500 fell 0.1%.

NEW YORK (AP) — Fox News Channel is airing the Jan. 6 committee hearings when they occur in daytime hours and a striking number of the network's viewers have made clear they'd rather be doing something else.

FREDERICTON — New Brunswick's premier says a liquefied natural gas facility in Saint John could be modified to reverse the flow and help reduce Europe's reliance on fossil fuels from Russia.