US Business

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.

Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.

Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.

Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.

The government appointed Douglas Gurr as interim chairman of the Competition and Markets Authority after pressuring the regulator to do more to spur investment and economic growth.

The chocolate company’s shares fell after it missed sales volume expectations and cut its guidance for fiscal 2025 as soaring cocoa bean prices drag demand.

The reinsurer said it can’t yet put a figure on the burden it faces from the California wildfires, though it has warned of a major loss.

The airline’s stock was down after it flagged weakening revenue trends in its fiscal second quarter, despite an improved first-quarter performance.

The sporting-goods company surpassed its own profit expectations amid fierce competition in the sector and as its biggest rival, Nike, continues to pursue a brand revamp strategy.