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National Business

Motown Museum event to honour black family-owned businesses

Detroit's Motown Museum is organizing an event to celebrate the entrepreneurial legacy of the Gordy family and black family-owned businesses in honour of Black History Month. The event, which is free and open to the public, is scheduled for Feb.
Minnesota's $5B case over 3M chemicals heads to trial

Minnesota's $5B case over 3M chemicals heads to trial

MINNEAPOLIS — Minnesota officials will soon try to convince a jury that manufacturer 3M Co. should pay the state $5 billion to help clean up environmental damage that the state alleges was caused by pollutants the company dumped for decades.

Banker: "Nightmare" dodging extortion attempts in Latvia

LONDON — Latvia's top banking official, a key member of the European Central Bank, has been accused by local bank Norvik of seeking kickbacks, trying to launder Russian money and retaliating against the bank when it refused to play by the "rules of t

Judge grants $300M loan for Puerto Rico power company

SAN JUAN, Puerto Rico — A federal judge on Monday approved a $300 million loan for Puerto Rico's power company that officials say will help keep the troubled agency operating until late March.

North American markets closed for holidays, re-open Tuesday after positive week

TORONTO — Major North American markets were closed for a holiday after a positive week that saw Bay and Wall Street's major markets make gains following a tumultuous period earlier this month.
London Fashion: Erdem shows fancy florals; Kane goes for sex

London Fashion: Erdem shows fancy florals; Kane goes for sex

London Fashion Week saw a flurry of shows Monday emphasizing romance and femininity, often with exquisite workmanship and dashes of mystery and drama. Dresses dominated the runway.
Bombardier may lay off hundreds at its Quebec railway plant if no orders come in

Bombardier may lay off hundreds at its Quebec railway plant if no orders come in

MONTREAL — The railway division of Bombardier Inc. says losing out on a large electric train contract in Montreal may force it to lay off workers this fall at its plant in La Pocatiere, Que., unless it wins some new contracts.
Consumers Energy to stop burning coal by 2040

Consumers Energy to stop burning coal by 2040

TRAVERSE CITY, Mich. — Consumers Energy will phase out electricity production from coal by 2040 to slash emissions of heat-trapping gases that cause global warming, the Michigan utility's president and CEO told The Associated Press.
'Black Panther' blows away box office with $192M weekend

'Black Panther' blows away box office with $192M weekend

NEW YORK — A wave of feverish anticipation, fawning critical acclaim and groundbreaking cultural meaning pushed "Black Panther" to a record-setting $192 million debut in U.S.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Bread battle fallout Loblaw Co. Ltd. releases fourth-quarter and year-end results on Thursday.