National Business

Shaw Communications Inc. recorded a smaller profit in its latest quarter as revenue also edged down ahead of its planned multibillion-dollar takeover by one of Canada's largest telecoms.

The bid for Chelsea launched by Boston Celtics co-owner Steve Pagliuca has added Canadian sports tycoon Larry Tanenbaum ahead of Thursday's expected deadline for improved offers for the Premier League club.

VANCOUVER — The joint-venture building a major liquefied natural gas terminal at Kitimat, B.C. has named Jason Klein as its new chief executive officer.

WASHINGTON (AP) — The Biden administration will extend for two weeks the nationwide mask requirement for public transit as it monitors an uptick in COVID-19 cases, according to a person familiar with the matter.

FRANKFORT, Ky. (AP) — A Japanese electric vehicle battery technology company will build a $2 billion factory in Kentucky, creating 2,000 jobs that reinforces the state's leadership in battery production, Gov. Andy Beshear said Wednesday.

OTTAWA — The Bank of Canada is moving ahead with another hike to its key policy rate in the face of decades-high inflation rates and record-low unemployment rates.

TORONTO — The Toronto Star, one of Canada's largest daily newspapers, says it has chosen a new president and CEO. The newspaper says Marina Glogovac will move into the top executive role on June 1.

DEER LAKE, N.L. — Unifor's national secretary-treasurer has joined the race to replace Jerry Dias as head of Canada's largest private sector union. Lana Payne announced her candidacy for national president today on Facebook.

OTTAWA — When the pandemic first hit, the world shouted "cut." Cameras stopped rolling, film sets went black and stars with seven-figure salaries were sent back to their hotel rooms.

LONDON (AP) — FIFA is getting into the streaming platform business with a soccer version of Netflix and Amazon Prime.