National Business

MADISON, Wis. (AP) — Some names are just the wurst. Just four months after announcing that the hot dog-shaped Wienermobile was changing its name to the Frankmobile, the distinctive wiener on wheels is reverting to the original.

WASHINGTON (AP) — The U.S. Treasury Department and China's Ministry of Finance launched a pair of economic working groups on Friday in an effort to ease tensions and deepen ties between the nations.

CAMBRIDGE, Ont. — ATS Corp. has signed a deal to buy Avidity Science LLC, a designer and manufacturer of automated water purification solutions for biomedical and life science applications, for $265 million. Based in Waterford, Wisc.

NEW YORK (AP) — Magnate Rupert Murdoch's surprise announcement Thursday that he's stepping down as leader of his two companies leaves his son Lachlan firmly in line of succession at Fox and the rest of the media empire.

CALGARY — Coastal GasLink has been fined $340,000 by the B.C. Environmental Assessment Office for issues related to erosion and sediment control. Coastal GasLink, which is owned by Calgary-based TC Energy Corp.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,791.62, down 423.07 points): TC Energy Corp. (TSX:TRP). Energy/ Down $1.38, or 2.75 per cent, to $48.75 on 17.7 million shares.

TORONTO — Losses in base metal and technology stocks helped lead a broad-based decline Thursday as Canada's main stock index fell more than two per cent. U.S. stock markets also tumbled the day after the U.S. Federal Reserve's latest rate decision.

CALGARY — The group behind a proposed carbon capture and storage (CCS) network for Alberta's oilsands is watching the Trans Mountain pipeline expansion's latest regulatory hurdles with dismay.

NEW YORK (AP) — Wall Street slumped as stocks fell worldwide on expectations for U.S. interest rates to stay high well into next year. The S&P 500 lost 1.6% Thursday, its worst drop since March.

CHARLESTON, S.C. (AP) — Convicted murderer Alex Murdaugh did something Thursday he hasn’t done in the two years since his life of privilege and power started to unravel — plead guilty to a crime.