National Business

Explosions at a U.S. Steel plant near Pittsburgh left one dead and dozens injured or trapped under the rubble Monday, with emergency workers on site trying to rescue victims, officials said.

TORONTO — The real estate investment arm of one of the country's largest pension funds is worried about the value of its assets if a B.C. billionaire is able to buy Hudson's Bay leases at its properties.

TORONTO — Barrick Mining Corp. took a US$1.04-billion charge in its second quarter related to its loss of control of a gold mine in Mali, but still reported a rise in profit thanks to higher gold prices and an asset sale.

CALGARY — WestJet says some personal data including information about travel documents such as passports was stolen in a cyberattack earlier this year, but credit and debit card numbers as well as user passwords were not compromised.

NEW YORK (AP) — Paramount will become the new home to Ultimate Fighting Championship events across the U.S. next year, through a seven-year agreement announced with TKO Group on Monday.

EDMONTON — ATB Financial has signed a deal to acquire Cormark Securities Inc., an independent investment bank with offices in Toronto and Calgary. Financial terms of the deal were not immediately available.

TORONTO — Software company Open Text Corp. has named veteran company executive James McGourlay as interim chief executive, effective immediately.

OTTAWA — Statistics Canada says the number of Canadian-resident return trips from the U.S. by automobile in July dropped 36.9 per cent compared with a year ago, the seventh consecutive month of year-over-year declines.

LOUISVILLE, Ky. (AP) — Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build, and will outcompete rival models.

MONTREAL — Bell Canada is partnering with Perplexity, an AI-powered conversational search engine, to give its customers a year of free artificial intelligence services.