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National Business
National Business
Le Chateau brand for sale by U.S. advisory firm under creditor protection process
NEW YORK — A U.S. advisory firm is hoping that Canadian clothing retailer Le Chateau will rise from the ashes of insolvency.
Mar 16, 2021 1:03 PM
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OSFI unwinding temporary rules for banks put in place to help weather the pandemic
OTTAWA — The federal banking regulator is rolling back temporary changes it put in place last year to help the country's banks weather the pandemic.
Mar 16, 2021 11:41 AM
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Foxconn mulls making electric vehicles at Wisconsin plant
TAIPEI, Taiwan — Foxconn Technology Group, the world's largest electronics manufacturer, is considering making electric vehicles at its highly anticipated Wisconsin plant that has been scaled back since its announcement in 2017, the company's chairma
Mar 16, 2021 11:39 AM
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February retail sales fall 3% after soaring the month before
NEW YORK — Americans spent less last month, partly due to bad weather in parts of the country that kept shoppers away from stores. Retail sales fell a seasonally adjusted 3% in February from the month before, the U.S.
Mar 16, 2021 11:38 AM
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Ford partners with U-M on robotics research, new building
ANN ARBOR, Mich. — Digit marches on two legs across the floor of the University of Michigan’s Ford Motor Co. Robotics Building, while Mini-Cheetah — staccato-like — does the same on four and the yellow-legged Cassie steps deliberately side-to-side.
Mar 16, 2021 11:38 AM
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Nokia to cut up to 10,000 jobs to ramp up R&D in 5G race
HELSINKI — Wireless network maker Nokia says it is planning to cut up to 10,000 jobs, or over 10% of its staff, to reduce costs as it invests in research and development and tries to cement its role as a key supplier of 5G technology.
Mar 16, 2021 11:37 AM
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NatWest unit faces criminal charge in money laundering case
LONDON — National Westminster Bank has been charged with violating money laundering laws in relation to 365 million pounds ($505 million) deposited into a single customer’s accounts over a period of five years, Britain’s financial regulator said Tues
Mar 16, 2021 11:37 AM
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Icy weather sends industrial production down 2.2% last month
WASHINGTON — Industrial output fell sharply in February as severe winter storms battered much of the country, disrupting a wide range of manufacturing activities from autos to chemical plants.
Mar 16, 2021 10:47 AM
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Homecare brokerages link patients with personal support workers amid supply crunch
When Donna Fowler started searching for a homecare worker to help her with cleaning, she found it complicated to shop around by calling service agencies directly.
Mar 16, 2021 9:56 AM
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Via Rail workers to get two per cent wage increase after ratifying two-year contract
MONTREAL — Via Rail unionized employees will receive a two per cent wage increase this year after ratifying two-year tentative agreements.
Mar 15, 2021 7:02 PM
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