National Business

QUEBEC — IA Financial Corp. has signed a deal to buy U.S. insurance company Vericity Inc. for US$170 million in a move to grow its business in the United States.

TORONTO — EQB Inc. has signed a deal to acquire a 75 per cent stake in independent alternative asset manager ACM Advisors Ltd. Financial terms of the cash-and-share agreement were not immediately available.

TORONTO — Neighbourly Pharmacy Inc. has signed an agreement to be taken private by its largest shareholder in a deal that values the company at about $916 million. Under the letter of intent, Persistence Capital Partners (PCP) has offered to pay $20.

TOPEKA, Kan. (AP) — The police chief who led an August raid on a small weekly newspaper in central Kansas has resigned, just days after he was suspended from his post, a City Council member confirmed Monday.

VANCOUVER — Lundin Mining Corp. says chief executive Peter Rockandel is stepping down at the end of the year.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,177.18, down 364.09 points): Toronto-Dominion Bank (The). (TSX:TD). Finance. Down $1.42, or 1.7 per cent, to $80.41 on 16.

TORONTO — Canada's main stock index closed down more than 300 points Monday as utility and energy stocks led widespread losses, while U.S. markets were mixed. The S&P/TSX composite index ended down 364.09 points, or 1.86 per cent, at 19,177.

MONTREAL — Arajet, a discount airline based in the Dominican Republic, is set to launch flights between that country and Toronto and Montreal this fall, marking the latest entrant to an already crowded field of low-cost carriers.

TORONTO — More than a decade after embarking on a plan to offer wireless service on the Toronto subway, the TTC has joined the global ranks of transit systems where riders can make phone calls, send text messages or browse the web underground — regar

NEW YORK (AP) — Most stocks closed lower as the constrictor of higher interest rates tightens its coils around Wall Street. The S&P 500 ended little changed Monday. The Dow Jones Industrial Average fell 74 points, and the Nasdaq composite rose 0.