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National Business

Bobby Flay's Bar Americain in NYC to close early next year

NEW YORK — Celebrity chef and restaurateur Bobby Flay says he will close his New York restaurant, Bar Americain, early next year.
Senate backs GOP budget in step forward for tax revamp

Senate backs GOP budget in step forward for tax revamp

WASHINGTON — Republicans on Thursday muscled a $4 trillion budget through the Senate in a major step forward for President Donald Trump's ambitious promise of "massive tax cuts and reform.
Freshii CEO says growth still underway, but bottlenecks forced revised timelines

Freshii CEO says growth still underway, but bottlenecks forced revised timelines

CALGARY — The CEO of healthy fast-food chain Freshii says bottlenecks in new markets, delays from major franchise operators and the setback at outlets in Target stores combined to force the company's revised growth outlook late last month.
Food company chairman gets 2 years in prison in fraud case

Food company chairman gets 2 years in prison in fraud case

NEW YORK — A former food company executive who admitted feeding inside information to an influential Las Vegas gambler linked to golfer Phil Mickelson was sentenced on Thursday to two years in prison by a judge who said he was motivated by a desire t

Howard Carroll, lead guitarist for Dixie Hummingbirds, dies

PHILADELPHIA — A lead guitarist for the influential and Grammy Award-winning gospel group the Dixie Hummingbirds has died in Philadelphia. Batchelor Brothers Funeral Services says Howard Carroll died Tuesday at an assisted-living facility at age 92.

Toronto stock market higher while U.S. markets mixed; loonie up

TORONTO — Canada's main stock index moved moderately higher Thursday, while U.S. stock markets partly recovered from midday losses and finished mixed. The Toronto Stock Exchange's S&P/TSX composite index advanced 35.84 points to 15,818.

iPhone 8 appetite 'anemic' says Rogers CEO, as company prepares to sell iPhone X

TORONTO — The head of Canada's largest wireless carrier said Thursday the appetite for the Apple iPhone 8 smartphone is "anemic" as the company gets set to take orders of the iPhone X next week. Rogers Communications Inc.

Barrick reaches deal to share profits with Tanzania on Acacia tax row

TORONTO — Barrick Gold Corp. (TSX:ABX) says it has reached a new partnership deal with the government of Tanzania to settle a tax dispute with its majority-owned Acacia Mining plc.

The Cheesecake Factory will open Nov. 21 in Toronto's Yorkdale mall

TORONTO — Cheesecake lovers near Toronto should save their appetites for November 21 when The Cheesecake Factory will open the doors at its first Canadian location. The U.S.

Most actively traded companies on the TSX

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,818.00, up 35.84 points): Cenovus Energy Inc. (TSX:CVE). Oil and gas. Up 29 cents, or 2.37 per cent, to $12.51 on 9.6 million shares.