National Business

TORONTO — The Canada Pension Plan Investment Board has signed a deal to sell its 45 per cent stake in GlobalLogic Worldwide Holdings, Inc., the parent company of GlobalLogic Inc., to Hitachi Ltd. The pension fund manager says it expects US$3.

NEW YORK — The trajectory of the conservative network Newsmax is a clear example of how statistics can tell different stories, depending on how you look at them.

CALGARY — No surprises are expected today as shareholders in ARC Resources Ltd. and Seven Generations Energy Ltd. vote virtually on an all-shares transaction to form Canada's sixth-largest oil and gas producer. The merger, valued at $8.

WELLINGTON, New Zealand — Australia announced Wednesday it would begin building its own guided missiles in close collaboration with the U.S. as it seeks to boost its defence capabilities.

VANCOUVER — Criticism of young people by British Columbia's premier could be replaced by better ways of educating them about the risks of COVID-19, a retail group says. Greg Wilson, a director for the B.C.

DETROIT — Volkswagen of America issued false statements this week saying it would change its brand name to “Voltswagen,” to stress its commitment to electric vehicles, only to reverse course Tuesday and admit that the supposed name change was a joke.

TORONTO — The owner of Billy Bishop Toronto City Airport is looking for a private sector investor to operate the downtown island airport as the industry continues to struggle from the impact of COVID-19.

WATERLOO, Ont. — BlackBerry Ltd. shares fell in after-hours trading after the cybersecurity technology and automotive software company reported a US$315-million loss and disappointing revenue for its fourth-quarter.

VANCOUVER — Lululemon Athletica Inc. says its e-commerce business continued to accelerate as the retailer capped its fiscal year with revenue soaring 24 per cent in its most recent quarter.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,705.56, down 13.66 points.) Bank of Nova Scotia. (TSX:BNS). Financials. Up 18 cents, or 0.23 per cent, to $79.