National Business

MONTREAL — Transat AT shares rose 26 per cent Tuesday morning after Air Canada said it still plans to buy its smaller rival but at a substantially reduced price due to the collapse of the aviation industry amid COVID-19.

TORONTO — Cineplex Inc. CEO Ellis Jacob says the country’s largest movie theatre chain is prepared to be “agile and nimble” as it faces historic business challenges and unpredictable COVID-19 restrictions in the pandemic.

NEW YORK — With many independent bookstore owners facing the most dire financial crisis in their lifetimes, the American Booksellers Association has teamed with an award-winning advertising agency known for “culture hacking” to dramatize the threats

Despite the coronavirus pandemic hurting sales of most of its products, Johnson & Johnson boosted revenue slightly and doubled its third-quarter profit, mainly due to a huge litigation charge in the year-ago quarter.

Boeing failed to sell any airline planes last month and suffered more cancellations of a grounded jetliner, further evidence of the company's battle to overcome a drop in air travel during the pandemic and crashes involving the 737 Max.

GENEVA — International arbitrators said Tuesday that the European Union can impose tariffs and other penalties on up to $4 billion worth of U.S. goods and services over illegal American support for plane maker Boeing.

CHARLOTTE, N.C. — Citigroup says profit fell 34% in the third quarter due to weakness in its consumer banking division, as the pandemic continues to make it tough for millions of Americans and businesses to pay their bills.

SILVER SPRING, Md. — U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles. The consumer price index rose 0.2% last month, after gaining 0.4% in August, the Labor Department reported Tuesday.

LONDON — Unemployment in the U.K.

TORONTO — Porter Airlines Inc. is extending its suspension of all flights until Dec. 15, five weeks after its previously announced target to resume flying.