National Business

CALGARY — The one-time costs of merging with Husky Energy Inc. are expected to total about $500 million, including severance, says the CEO of Cenovus Energy Inc., adding the expense is worth it given the expected savings of about $1.

BOSTON — The U.S. State Department has agreed to turn over to Japan two American men accused of smuggling former Nissan Motor Co.

MONTREAL — Molson Coors Beverage Co. recorded a lacklustre third-quarter as ongoing COVID-19 restrictions and packaging material constraints curbed the brewing giant's sales. The Montreal-based company, which reports in U.S.

CALGARY — The Petroleum Services Association of Canada says it expects another "bleak" year for Canadian oil and gas drilling in 2021.

VAUGHAN, Ont. — Health officials north of Toronto say 46 cases of COVID-19 have now been linked to a large wedding. York Region Public Health says the wedding took place at an event centre in Vaughan, Ont.

LONDON — Royal Dutch Shell increased its dividend payout to shareholders following a better-than-expected third quarter of the year, months after cutting it for the first time since World War II.

HELSINKI — Finnish telecommunications company Nokia on Thursday reported improved third-quarter earnings largely in line with expectations, but acknowledged it faced challenges in the race for 5G cellular networks.

PARIS — Struggling plane maker Airbus says new European virus lockdown measures are making its life “a bit more difficult,” as it announced 1 billion euros ($1.

NEW YORK — The largest deal in luxury is back on after New York's famed jeweler Tiffany agreed to a slightly reduced offering price from LVMH in Paris. LVMH will now pay $131.50 for each Tiffany share putting the total price tag at $15.

FRANKFURT — The European Central Bank held off from strengthening its current economic stimulus but its President Christine Lagarde said there was “little doubt” that more action would be coming at its December meeting as surging coronavirus infectio