National Business

SILVER SPRING, Md. — A closely-watched gauge of U.S. consumer confidence tumbled in December as rising coronavirus cases dragged American optimism to its lowest level since the summer.

CHARLOTTE, N.C. — The market for existing homes cooled slightly in November, the National Association of Realtors said Tuesday, after climbing through the late spring, summer and early fall despite the pandemic. Existing home sales fell 2.

Finding a new contract after finishing a video editing project used to be a hassle for Heather Bergstrom.

WATERLOO, Ont. — Open Text Corp. says it has reached a deal with the U.S. Internal Revenue Service to settle a US$830-million claim related to its taxable income for its 2010 and 2012 financial years.

OTTAWA — CAE Inc. says it has acquired Merlot Aero Ltd., a flight crew management software company, in deal worth at least US$25 million.

TORONTO — Russel Metals Inc. says it has signed a deal to buy Sanborn Tube Sales of Wisconsin Inc. Financial terms of the deal for the metals service centre were not immediately available.

LONDON — Trucks waiting to get out of Britain backed up for miles and people were left stranded at airports Monday as dozens of countries around the world slapped tough travel restrictions on the U.K.

TORONTO — Most North American stock markets fell Monday as a new strain of the coronavirus led to countries including Canada restricting travel from the United Kingdom, raising worries of more economic disruption after months of volatility.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (17,500.89, down 33.74 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 46 cents, or 2.08 per cent, to $21.67 on 11.9 million shares.

DETROIT — In the middle of last year, Tesla's losses were piling up, sales weren't enough to cover expenses and big debt payments loomed.