National Business

CALGARY — Shares in Precision Drilling Corp. closed 8.6 per cent higher on Thursday after it reported a steeper loss and lower revenue in the third quarter but handily beat adjusted earnings expectations.

TORONTO — Corus Entertainment continued to suffer from the economic effects of COVID-19 during June, July and August but the pandemic had an uneven impact on different parts of its business during the quarter, its chief executive said Thursday.

WASHINGTON — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.

WestJet says it will begin providing refunds to passengers who had their WestJet and Swoop flights cancelled by the airlines as a result of the COVID-19 pandemic.

HALIFAX — Cheryl Maloney, a Mi'kmaq treaty advocate and member of Sipekne'katik First Nation, stood on a wharf in the rural fishing village in Saulnierville, N.S.

NEW YORK — The pandemic continued to hit AT&T through the third quarter as closed theatres , wary U.S. moviegoers and the Hollywood shutdown hurt its WarnerMedia movie and TV business. The Dallas company’s largest division, wireless, was stable.

Coca-Cola measured gradual improvement in the third quarter as it focused on emerging leaner from the global pandemic. Revenue fell 9% to $8.7 billion, topping Wall Street expectations of $8.4 billion, according to analysts polled by FactSet.

TORONTO — A new bill in Ontario could make it harder for consumers to sue a business that was involved in the transmission of COVID-19, lawyers say.

TORONTO — Sun Life Financial Inc. has signed a deal to acquire a majority stake in Crescent Capital Group LP in an agreement worth up to $450 million.

TORONTO — Tim Hortons has signed a deal with TerraCycle's Loop program to test an option that would allow customers to pay a deposit and receive their order in reusable, returnable cups and food packaging.