National Business

NEW YORK (AP) — Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits.

A federal review of helicopter safety concerns launched after the deadly midair collision between a passenger jet and an Army helicopter in Washington, D.C.

WASHINGTON (AP) — President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff.

Clothing retailer Frank and Oak is closing all 14 of its stores in the coming weeks and selling its intellectual property to a Montreal-based company as part of ongoing restructuring efforts.

TORONTO — A process to find takers for leases held by Hudson's Bay has generated plenty of interest.

TORONTO — Canada's main stock index rose almost 300 points Tuesday on strength in energy, financials and base metals, while U.S. stock markets also climbed.

SIOUX FALLS, S.D. (AP) — The massive carbon capture pipeline in the Midwest was thrown into uncertainty Tuesday after South Dakota’s Public Utility Commission denied its route permit application.

NEW YORK (AP) — U.S. stocks jumped in a widespread rally Tuesday, and other U.S. investments steadied a day after falling sharply on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve.

CAMPBELL RIVER — RCMP say a 15-year-old died of a suspected drug overdose this month in Campbell River, B.C., believed to involve the prescription opioid hydromorphone and cough medicine. Const.

NEW YORK (AP) — Tesla’s first-quarter profits plunged by more than two-thirds amid a backlash against Elon Musk’s electric car company that has hurt sales and sent its stock plunging.