National Business

TORONTO — North American stock markets capped a poor weak by moving sharply lower Friday on rising COVID-19 infections in the U.S.

TORONTO — Television and radio broadcaster Corus Entertainment Inc. lost $752.3 million in its latest quarter as it took a one-time impairment charge related its to broadcast licenses and goodwill.

MONTREAL — The country's two largest airlines are ending their on-board seat distancing policies starting July 1, raising health concerns amid a pandemic that has devastated the travel industry.

TORONTO — Freshii Inc. swung to a US$2.5-million loss in its first quarter as revenue fell 11 per cent from a year ago.

NEW YORK — Amazon said Friday that it is buying self-driving technology company Zoox, which is developing an autonomous vehicle for a ride-hailing service that people would request on their phones.

NASHVILLE — The Nashville bookstore that opened and thrived while others were closing their doors is once again defying the odds, thanks, in part, to its famous novelist co-owner.

WASHINGTON — American consumers increased their spending by a record 8.2% in May, partly erasing huge plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest pace on record this quarter.

OTTAWA — The Supreme Court of Canada has cleared the way for Uber drivers to take the next step in their fight to be recognized as employees.

NEW YORK — Kanye West is bringing his Yeezy brand to Gap. The rap superstar will design adult and kids' clothing that will be sold at the chain's stores next year. Yeezy is best known for pricey sneakers that sell out online quickly.

MONTREAL — Air Canada has quietly changed its refund policy to allow some customers whose flights were cancelled due to the COVID-19 pandemic to recoup their cash — but not passengers whose trips originated in Canada.