National Business

WASHINGTON (AP) — A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily .

OTTAWA — The Canadian economy edged slightlyhigher in August and initial estimates pointed to growth continued in September as worries of an impending recession grow. Statistics Canada said Friday real growth domestic product gained 0.

OTTAWA — The federal government posted a surplus of $3.9 billion for the first five months of its 2022-23 fiscal year.

ST. JOHN'S, N.L. — Fortis Inc. reported its third-quarter profit rose compared with a year ago as its revenue also grew.

SAN FRANCISCO — Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company’s top lawyer, two people familiar with the deal said Thursday night.

MONTREAL — Cogeco Communications Inc. says its net profit in the fourth quarter rose 9.1 per cent to $104.9 million on a boost in revenue. The Montreal-based company says profit attributable to shareholders was the equivalent of $2.

SANTA FE, N.M. (AP) — A sheriff's department submitted on Thursday its investigative findings to prosecutors in the death of a cinematographer shot and killed by Alec Baldwin on a film set in New Mexico in October 2021.

TORONTO — Rogers Communications Inc. and Canada's competition watchdog have failed to resolve their differences over the telecom giant's $26-billion proposed takeover of Shaw Communications Inc. following a mediation period and weeks of talks.

VANCOUVER — Canfor Corp. saw its net income drop by almost 60 per centin the third quarter of 2022, largely due to a one-time inventory writedown from softening lumber prices. The Vancouver-based company reported $87.

Rogers Communications Inc. and Shaw Communications Inc.