National Business

CALGARY — Oil producer Veren Inc. saw its share price plunge by more than 14 per cent on Thursday, on news that the company is lowering its production forecast for 2024 and grappling with "under-performance" from some of its wells.

NEW YORK (AP) — The downside of high expectations thumped Wall Street on Thursday, and Microsoft and Meta Platforms dragged U.S. stock indexes lower despite delivering strong profits for the summer.

TORONTO — Canada's main stock index fell 1.4 per cent Thursday, with broad losses led by base metals and technology, while U.S. stock markets also fell as drops in major tech stocks weighed on Wall Steet.

LOS ANGELES (AP) — Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company's stock up in after-hours trading.

SAN FRANCISCO (AP) — OpenAI is launching a ChatGPT-powered search engine that could put the artificial intelligence company in direct competition with Google and affect the flow of internet traffic seeking news, sports scores and other timely informa

TORONTO — Spin Master Corp. is headed into the holiday season with some work to do to improve its digital games business, but plenty of promise coming from its Ms. Rachel and Melissa & Doug toys.

TORONTO — Creditors are set to vote later this year on a proposed settlement that would see three tobacco giants pay out billions to provinces and smokers across Canada, an Ontario court ruled Thursday as one of the companies indicated it opposes the

CALGARY — Cenovus Energy Inc.'s West White Rose project off the coast of Newfoundland has reached a major milestone with the completed refurbishment of the massive vessel that will operate in the expanded offshore oilfield.

Gildan Activewear Inc.'s chief executive brushed off concerns Thursday that a recent merger between two of its biggest customers will spell trouble for his business.

TORONTO — Ontario is planning to remove sections of bike lanes on three major roads in Toronto, as it considers whether to rip up more bike lanes elsewhere.