National Business

CALGARY — A Canadian oil company with production from both oilsands and light oil and gas wells is forecasting lower spending and little change in production in 2021. Athabasca Oil Corp.

Kroger's sales surged in the third quarter as COVID-19 infections rose rapidly in the fall and Americans restocked pantries in anticipation of spending more time at home.

SILVER SPRING, Md. — The U.S. services sector, where most Americans work, registered its sixth consecutive month of expansion in November.

TORONTO — The chief executive of Canadian Imperial Bank of Commerce says he's determined to protect and win more market share in areas like personal and small business banking as the COVID-19 pandemic continues to rage.

WASHINGTON — The number of Americans applying for unemployment benefits fell as the nation celebrated Thanksgiving last week to a still-high 712,000, the latest sign that the U.S.

WELLINGTON, New Zealand — New Zealand authorities have approved tech billionaire Sean Parker’s purchase of a one-third stake in film director Peter Jackson’s visual effects studio.

HONG KONG — Outspoken Hong Kong pro-democracy advocate and media tycoon Jimmy Lai was refused bail on Thursday on a fraud charge amid a growing crackdown on dissent in the semi-autonomous city.

DALLAS — American Airlines is taking its long-grounded Boeing 737 Max jets out of storage, updating key flight-control software, and flying the planes in preparation for the first flights with paying passengers later this month.

WASHINGTON — A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as coronavirus cases surged.

CALGARY — Baytex Energy Corp. says its is budgeting for capital spending of between $225 million and $275 million next year, a reduction at the midpoint from what it expects to spend this year.