National Business

Statistics Canada says consumer insolvencies rose 22.5 per cent in the third quarter compared with a year earlier, marking the largest percentage increase in 13 years. The federal agency says consumer insolvency filings increased 2.

TORONTO — Rogers Communications Inc. said Wednesday that the business impact from its July network outage was "very isolated" as it reported its third-quarter profit fell compared with a year ago while revenue crept higher.

TORONTO — Turquoise Hill Resources Ltd. is postponing its shareholder meeting to vote on Rio Tinto's plan to take the company private as it works to resolve concerns about Rio Tinto's deal with a pair of shareholders who had opposed the deal.

BERLIN (AP) — The German government on Wednesday blocked the sale of a chip factory to a Swedish subsidiary of a Chinese company, a decision that comes as Berlin grapples with its future approach to Beijing.

MONTREAL — CGI Inc. says it earned a fourth-quarter profit of $362.4 million, up from $345.9 million in the same quarter last year as its revenue rose eight per cent compared with a year ago.

LOS ANGELES (AP) — The most expensive ballot proposition gamble in U.S. history went bust Tuesday as California voters overwhelmingly rejected sports betting initiatives by Native American tribes and the gaming industry.

SACRAMENTO, Calif. (AP) — California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads.

TOKYO (AP) — Nintendo hopes to leverage a new Super Mario movie, various merchandising and theme parks to draw more people into playing its video games, President Shuntaro Furukawa said Wednesday.

LOS ANGELES (AP) — Someone who bought a Powerball ticket in Southern California has won a record $2.04 billion Powerball jackpot after more than three months without anyone hitting the top prize.

TORONTO — Intact Financial Corp. says it saw a 23 per cent rise in net income despite "active weather" and ongoing cost pressures in the quarter. The insurance company says it had a profit of $370 million for the quarter ending Sept.