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N.L. offers owners of Terra Nova oilfield $175 million — but only if oil flows again

N.L. offers owners of Terra Nova oilfield $175 million — but only if oil flows again

ST. JOHN'S, N.L. — Newfoundland and Labrador is offering $175 million to the owners of the dormant Terra Nova offshore oilfield, but only if oil starts pumping again.
Wells Fargo 4Q profit rose 4%, tops Street estimates

Wells Fargo 4Q profit rose 4%, tops Street estimates

SILVER SPRING, Md. — Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year defined by the coronavirus outbreak.
Xi asks Starbucks' Schultz to help repair US-China ties

Xi asks Starbucks' Schultz to help repair US-China ties

BEIJING — President Xi Jinping is asking former CEO Howard Schultz of Starbucks to help repair U.S.-Chinese relations that have plunged to their lowest level in decades amid a tariff war and tension over technology and security.
Walmart's e-commerce chief to leave after nearly 5 years

Walmart's e-commerce chief to leave after nearly 5 years

NEW YORK — Marc Lore, Walmart's e-commerce chief, is leaving the world's largest retailer, nearly five years after he joined to super charge its online business amid stiffer competition from online leader Amazon.
Citigroup 4Q profit down 7%, revenue drops by 10%

Citigroup 4Q profit down 7%, revenue drops by 10%

CHARLOTTE, N.C. — Banking conglomerate Citigroup said its fourth quarter profits fell by 7%, but like its competitor JPMorgan Chase, the bank saw improvement from the darkest days of the pandemic shutdowns.
Quebec workplace safety board fines Dollarama stores for inadequate sanitary measures

Quebec workplace safety board fines Dollarama stores for inadequate sanitary measures

MONTREAL — Quebec's workplace safety board has issued fines to nine Dollarama locations in the province for failing to respect sanitary guidelines.
Home sales hit record in 2020, Canadian Real Estate Association reports

Home sales hit record in 2020, Canadian Real Estate Association reports

Home sales in December hit an all-time record for the month to end what was also a record year, the Canadian Real Estate Association said Friday. December sales were up 47.
Pfizer temporarily reduces European deliveries of vaccine

Pfizer temporarily reduces European deliveries of vaccine

COPENHAGEN — U.S. pharmaceutical company Pfizer confirmed Friday it will temporarily reduce deliveries to Europe of its COVID-19 vaccine while it upgrades production capacity to 2 billion doses per year.
US industrial production jumps 1.6% in December

US industrial production jumps 1.6% in December

SILVER SPRING, Md. — U.S. industrial production rose 1.6% in December, a third straight monthly gain, but remains below its pre-pandemic level. The December gain in industrial output followed a 0.
Milan opens 1st fashion week with no VIP guests due to virus

Milan opens 1st fashion week with no VIP guests due to virus

MILAN — Italy’s fashion chamber is opening on Friday the first Milan Fashion Week that won't have VIPS populating runway front rows, as the reality of Italy's persistent resurgence of the coronavirus has forced an all-virtual format for presenting me