National Business

NEW YORK (AP) — Musical luminaries including Nas, LL Cool J, and Fat Joe came out Thursday to the birthplace of hip-hop for a ground-breaking ceremony to launch the capital campaign for the new Universal Hip Hop Museum.

TORONTO — It's agreed that Canadians should pay less for wireless and internet services but it's difficult to keep prices low for long without investing in networks, CRTC chairman Ian Scott said Thursday.

CALGARY — Shaw Communications Inc. shareholders voted Thursday in favour of a proposed sale of the company to Rogers Communications Inc. for $26-billion, including debt.

TORONTO — Centerra Gold Inc. says it is suing the man named Tuesday by the government of the Kyrgyz Republic as general manager of the Kumtor gold mine.

LONDON (AP) — Prince William and his brother Prince Harry on Thursday issued strongly worded statements criticizing the BBC and British media for unethical practices after an investigation concluded that one of the broadcaster's journalists used “dec

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,542.95, up 125.92 points.) Manulife Financial Corp. (TSX:MFC). Financials. Unchanged at $24.91 on 15.9 million shares. Enbridge Inc.

TORONTO — Canada's main stock index again set record highs as employment gains on both sides of the border confirmed the continuing economic recovery. The S&P/TSX composite index gained 125.92 points to a record close of 19,542.

TORONTO — Canadian Pacific Railway Ltd. has told Kansas City Southern that it won't raise its takeover bid and urged the U.S. railway to reject rival CN Rail's US$33.6-billion offer that it claims won't be approved by the U.S. regulator.

Hexo Corp. is mulling a private label strategy as part of its U.S. expansion. The chief executive of the Ottawa-based cannabis company said Thursday that he's considering approaching multi-state operators in the U.S.

TORONTO — The union representing more than 470 striking workers at a Nestlé Canada chocolate bar factory says it has reached a three-year tentative agreement with the company. Unifor Local 252 workers have been on strike since May 1.