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Calfrac investors approve company plan over Wilks Brothers takeover

CALGARY — Shareholders in debt-laden Calgary-based Calfrac Well Services Ltd. have narrowly approved a recapitalization plan proposed by management, thus setting aside a takeover offer from Texas rival Wilks Brothers, LLC.
Awash in red ink: US posts record $3.1T 2020 budget deficit

Awash in red ink: US posts record $3.1T 2020 budget deficit

WASHINGTON — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring.
UK says EU trade talks 'over' but bloc sees room for a deal

UK says EU trade talks 'over' but bloc sees room for a deal

LONDON — British Prime Minister Boris Johnson said Friday that the U.K.
TV gives viewers a split-screen comparison of Trump, Biden

TV gives viewers a split-screen comparison of Trump, Biden

NEW YORK — Instead of the expected debate between President Donald Trump and Democrat Joe Biden, television viewers were left Thursday with what ABC's David Muir called “split-screen America.
Air Canada CEO Calin Rovinescu to retire next year; Michael Rousseau named successor

Air Canada CEO Calin Rovinescu to retire next year; Michael Rousseau named successor

MONTREAL — Air Canada chief executive Calin Rovinescu will retire next year after leading the company for more than a decade, with the airline's longtime No. 2 set to inherit the role as the industry faces a once-in-a-generation crisis.

Report: Europe closing in on decision to let 737 Max fly

BERLIN — Europe's aviation regulator is closing in on a decision to allow the Boeing 737 Max to return to the air after it was grounded worldwide following two deadly crashes, according to a report Friday.
US retail sales grow for 5th month in a row

US retail sales grow for 5th month in a row

NEW YORK — Retail sales rose strongly in September, the fifth straight month of growth, as Americans spent more on clothing, cars and sporting goods. U.S. retail sales jumped 1.9% last month, the U.S. Commerce Department said Friday.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Wholesale trade Statistics Canada will release wholesale trade numbers for August on Monday.
Nova Scotia offers loan program for large tourism operators hit by pandemic

Nova Scotia offers loan program for large tourism operators hit by pandemic

HALIFAX — The Nova Scotia government is offering $50 million in loan guarantees for the province's larger tourism operators struggling to deal with the COVID-19 pandemic.
US industrial production fell a sharp 0.6% in September

US industrial production fell a sharp 0.6% in September

WASHINGTON — U.S. industrial production fell 0.