National Business

NEW YORK — The New Yorker has fired longtime staff writer Jeffrey Toobin after he reportedly exposed himself during a Zoom conference last month. He had already been on suspension and is also on leave from CNN, where he is chief legal analyst.

TORONTO — Brookfield Asset Management says it is creating BAM Reinsurance as a new publicly traded business similar to Brookfield Renewable and Brookfield Infrastructure.

TORONTO — Manulife Financial Corp. says more than $600 million in digital investments over the last two years are paying off as the company grappled with the COVID-19 pandemic.

It’s that time of year when pamphlets featuring a beaming girl holding a baby goat arrive in your mailbox. An infomercial on TV describes the need for cancer research. A fundraiser for a food bank appears on social media.

LONDON — Imagine a world where you move around in your own personal sound bubble. You listen to your favourite tunes, play loud computer games, watch a movie or get navigation directions in your car — all without disturbing those around you.

CALGARY — Calfrac Well Services Ltd. cut its capital budget as it reported a $50-million loss in its latest quarter. The company says its capital budget for this year has been reduced to $40 million from $55 million.

HAMILTON — Stelco Holdings says sales fell this summer after it shipped less steel at lower prices as it focused on an upgrade project. The Hamilton, Ont.

TORONTO — Manulife Financial Corp. beat expectations as its net income attributable to shareholders surged to $2.07 billion in the third quarter. The Toronto-based insurer says it earned $1.04 per diluted share in the three months ended Sept.

The popular video-sharing app TikTok, its future in limbo since President Donald Trump tried to shut it down earlier this fall, is asking a federal court to intervene. TikTok's Chinese owner, ByteDance, has until Thursday to sell off its U.S.

VAUGHAN, Ont. — Auto parts maker Martinrea International Inc. says it hopes to benefit from recent Canadian investments announced by Detroit-based U.S. automakers as it recovers from the COVID-19 pandemic.