National Business

CALGARY — Shares in MEG Energy Corp. plunged Thursday after Husky Energy Inc. abandoned its hostile takeover bid for the company.

NASHVILLE — Google plans to invest in Tennessee and Alabama solar farms under a deal with the Tennessee Valley Authority. Google announced Wednesday that it will buy 413 megawatts of output from 1.

CALGARY — Shares in Peyto Exploration and Development Corp. fell by as much as 15 per cent after it said it would cut its dividend and capital spending due to low natural gas prices in Western Canada.

OTTAWA — Statistics Canada says it will not publish international merchandise trade statistics for December as scheduled on Feb. 5 due to the U.S. government shutdown. The agency says it uses U.S.

OAKVILLE, Ont. — Ford Motor Co. of Canada Ltd. has named Dean Stoneley as its next president and chief executive. Stoneley replaces Mark Buzzell, who is moving to be director of North American fleet, lease and remarketing operations at Ford Motor Co.

CALGARY — Canada's slow-growing petrochemical industry is headed for its biggest surge of expansion spending in five years in 2019, thanks in large part to incentive programs by federal and provincial governments.

WASHINGTON — The number of furloughed federal employees seeking unemployment benefits jumped in the first two weeks of the shutdown, topping 10,000 during the week of Jan. 5.

BERLIN — Germany's biggest rail company, under fire for its unpunctual service, is trying to mollify one disgruntled commuter by buying her "delay scarf.

BEIJING — In a possible sign of progress toward ending a costly tariff war over Beijing's technology ambitions, the top U.S. and Chinese trade envoys will hold talks in Washington later this month.

VALLEY FORGE, Pa. — John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founded Vanguard Group, died Wednesday, the company said. He was 89.