Business News Summary Headlines

Company releases, economic news, and business coverage.

'America's Got Talent' continues summer dominance for NBC

NEW YORK - "America's Got Talent" wasn't content with just the top spot in the Nielsen company's rankings of the most popular television programs last week. This time it took the top two.

First place is familiar territory for NBC's talent competition. It has been the most-watched summer series for six straight years and the No. 1 alternative summer series for all 14 years that it has been on the air.

Tuesday, August 20, 2019 | 10:59 PM

2015 North Dakota liquid gas spill much bigger than reported

BISMARCK, N.D. - A 2015 pipeline spill of liquid natural gas in western North Dakota initially reported as just 10 gallons is at least hundreds of thousands of gallons larger and may take another decade to clean up, state health officials said Tuesday.

Oklahoma-based Oneok Partners LP reported the 10-gallon spill of natural gas liquids, or "condensate," from a pipeline at its Garden Creek gas plant near Watford City in July 2015. A report by the North Dakota Health Department said "ground around the pipe was saturated with natural gas condensate of an unknown volume."

Tuesday, August 20, 2019 | 07:07 PM

Marvel's involvement in 'Spider-Man' movies may be in doubt

LOS ANGELES - With great success comes great re-negotiation. In the wake of the announcement that "Spider-Man: Far From Home" is now the highest-grossing film ever in Sony Pictures' history, reports surfaced that Marvel Studios may be stepping away from the cross-studio partnership.

The Hollywood trade Deadline reported Tuesday that there was a disagreement over the profit-sharing structure.

Tuesday, August 20, 2019 | 06:35 PM

Jerry Dias acclaimed as Unifor president for third and final term

QUEBEC - Unifor says Jerry Dias has been acclaimed as national president of the union for a third and final three-year term.

It says he was appointed at the union's national convention in Quebec City, where Lana Payne was chosen as secretary-treasurer.

Tuesday, August 20, 2019 | 06:17 PM

Trudeau says falling news revenues and tech giants will be discussed at G7 summit

Prime Minister Justin Trudeau says the issue of declining news revenues amid domination by tech giants will be discussed at the G7 leaders' summit in France later this week.

The subject resurfaced when Groupe Capitales Medias, a cash-strapped French-language newspaper chain, filed for creditor protection Monday.

Tuesday, August 20, 2019 | 06:13 PM

SNC-Lavalin stock takes a new tumble after credit downgrade, political flare-up

MONTREAL - SNC-Lavalin Group Inc.'s stock fell again after Standard & Poor's downgraded its credit rating to junk status.

Shares in the engineering giant closed down 24 cents or 1.4 per cent to $16.90 in trading on the Toronto Stock Exchange, after falling as low as $16.62 in initial trading.

Tuesday, August 20, 2019 | 05:14 PM

New 'Matrix' film set with Keanu Reeves and Lana Wachowski

LOS ANGELES - Keanu Reeves and Lana Wachowski are returning to the world of "The Matrix."

Warner Bros. Pictures Group chairman Toby Emmerich says Tuesday that a fourth "Matrix" is in the works.

Tuesday, August 20, 2019 | 05:03 PM

TSX snaps two-day recovery ahead of interest rate news from Federal Reserve

TORONTO - Canada's main stock index snapped a two-day recovery on Tuesday as market volatility continued ahead of interest rate news this week from the U.S. Federal Reserve.

"We're seeing this continued stock market volatility and along with it this drop in global bond yields and I think it's just due to the ongoing concerns we're seeing in the markets," said Kevin McLachlan, portfolio manager at Fiduciary Trust Canada.

Tuesday, August 20, 2019 | 05:03 PM

Most actively traded companies on the TSX

TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange:

Toronto Stock Exchange (16,213.31, down 90.74 points).

Tuesday, August 20, 2019 | 04:32 PM

Manufacturing sales beat forecasts in June despite falling 1.2%, says StatCan

Canadian factory activity beat expectations in June as manufacturing sales fell 1.2 per cent to $58 billion, led lower by a drop in the petroleum and coal product and food industries, Statistics Canada said in a report Tuesday.

Economists on average had expected a drop of 1.7 per cent for the month, according to financial markets data firm Refinitiv.

Tuesday, August 20, 2019 | 04:22 PM