National Business

ST. JOHN'S, N.L. — Newfoundland and Labrador will see its first budget under newly installed Premier Andrew Furey at the end of the month, the province's finance minister announced Thursday.

WASHINGTON — U.S. wholesale prices rose 0.3% in August, just half the July gain, as food and energy prices decline.

TORONTO — Popeyes' much-hyped chicken sandwich will go on sale Canada-wide on Monday, after trial launches in Edmonton and southern Ontario earlier this year. The sandwich made headlines for rapidly selling out after it was released in the U.S.

Roots Corp. reported a $1.8-million loss in its latest quarter as its sales fell 38 per cent compared with a year ago due to the COVID-19 pandemic. Sales in what was the company's second quarter totalled $38.2 million, down from $61.

CHICAGO — The pilots’ union at United Airlines said Wednesday it has reached an agreement with the carrier to prevent the furlough of nearly 3,000 pilots when a federal prohibition on job cuts ends Oct. 1.

NEW YORK — Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running.

MONTREAL — Lightspeed POS Inc. says it will launch an initial public offering of its voting shares in the United States to help fund its growth strategies.

ST. JOHN'S, N.L. — Husky Energy Inc. is asking the federal government and the province of Newfoundland and Labrador to make a "direct investment" in its partly completed $2.2-billion West White Rose offshore oil project.

TORONTO — North American stock markets enjoyed a broadly based bounce-back midweek after a three-day correction driven by the technology sector. All 11 sectors of the TSX were higher led by materials, consumer staples and technology.

NEW YORK — Wall Street snapped back to life on Wednesday, recovering from its worst stretch of losses in months, as the bloodletting for big technology stocks came to at least a temporary halt.