National Business

Apple is planning to scan U.S. iPhones for images of child abuse, drawing applause from child protection groups but raising concern among some security researchers that the system could be misused by governments looking to surveil their citizens.

WASHINGTON (AP) — The Justice Department is launching a widespread probe into the police force in Phoenix to examine whether officers have been using excessive force and abusing people experiencing homelessness.

MONTREAL — Gildan Activewear Inc. swung to a US$146.4-million profit in the second quarter as revenues surged 225 per cent despite supply chain challenges. The Montreal-based apparel maker, reporting in U.S.

TORONTO — Financial literary expert Laurie Campbell experienced first-hand the embarrassment that many parents fear after she told her young son how much money she made.

The rush of companies adopting new software during the COVID-19 pandemic sparked a wave of business for technology firms, but Lightspeed Commerce Inc.'s Dax Dasilva isn't worried about rivals.

TORONTO — TMX Group Ltd. is reporting a double-digit increase in profits and revenues in the second quarter. The company, which operates the Toronto Stock Exchange, says its net income increased 14 per cent to $77.3 million, up from $67.

WASHINGTON (AP) — Richard Trumka, the powerful president of the AFL-CIO labor union, has died, Democratic leaders said Thursday. News of his death was announced by President Joe Biden and Senate Majority Leader Chuck Schumer.

MONTREAL — Quebecor Inc. is reporting a 29-per-cent drop in profits in the second quarter despite higher revenues. The Quebec-based telecommunications company says its net income attributable to shareholders was $123.

TORONTO — RioCan Real Estate Investment Trust is seeing tenants steadily signing leases now that Canadian businesses are reopening following COVID-19 lockdowns, but office rental activity is rebounding at a slower rate.

TORONTO — Sun Life Financial Inc.