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Simon & Schuster names Jonathan Karp as new CEO
NEW YORK — Jonathan Karp, who has worked with authors ranging from Sen. Edward Kennedy to Susan Orlean, has been named the new CEO of Simon & Schuster. He replaces Carolyn Reidy, who died two weeks ago.
May 28, 2020 1:32 PM
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Air Canada increases size of financing deal to roughly $1.4 billion
MONTREAL — Air Canada has increased the size of a financing deal announced earlier this week to roughly $1.4 billion as it works to bolster its coffers to deal with the pandemic. The company says the shares in the offering have been priced at $16.
May 28, 2020 11:04 AM
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Pending home sales plunged 21.8% in April on a monthly basis
BALTIMORE — April had a record collapse in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the coronavirus outbreak.
May 28, 2020 8:06 AM
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How to put 'found money' generated from pandemic savings to good use
CALGARY — An elevator salesman in Calgary says two months of working from his house in the northwest part of the city have convinced him there's no place like home to conduct business.
May 28, 2020 8:00 AM
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Irving to buy North Atlantic Refining including refinery in Come By Chance, N.L.
SAINT JOHN, N.B. — Irving Oil has signed a deal to buy North Atlantic Refining Corp., including a refinery in Come By Chance, N.L., from U.S. investment firm Silverpeak.
May 28, 2020 7:54 AM
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CIBC reports $392-million Q2 profit, down from $1.35 billion a year ago
TORONTO — Canadian Imperial Bank of Commerce took a nearly $1-billion hit to its second-quarter profit as its provisions for credit losses soared due to the pandemic and the plunge in oil prices.
May 28, 2020 7:51 AM
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Orders for US big-ticket factory goods drop 17.2% in April
WASHINGTON — U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy. The Commerce Department said Thursday that orders for durable goods dropped 17.
May 28, 2020 6:59 AM
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Nissan to close Indonesia, Spain auto plants after losses
TOKYO — Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the pandemic squashed global demand and disrupted production.
May 28, 2020 5:52 AM
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Boeing cuts 12,000 jobs, resumes production of grounded jet
Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.
May 27, 2020 5:56 PM
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NBC, producers say 'America's Got Talent' cleared by probe
LOS ANGELES — An investigation of Gabrielle Union’s complaints of racism on the set of “America’s Got Talent” concluded that her allegations were unfounded, according to NBC and the show’s producers.
May 27, 2020 5:23 PM
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