National Business

Moet Hennessy is acquiring a 50% stake in rapper and entrepreneur Jay-Z’s Champagne brand in an effort to up its cool factor and expand distribution. Terms of the deal, which was announced Monday, weren’t released.

TORONTO — Thomson Reuters Corp. raised its dividend as it reported a fourth-quarter profit of US$562 million and beat expectations. The company, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of 40.

MEXICO CITY — Mexico has received its first shipment of Russia’s Sputnik V COVID-19 vaccine. Some 200,000 doses arrived to Mexico City’s international airport late Monday night aboard a British Airways flight from Moscow.

Boeing has recommended that airlines ground all 777s with the type of engine that blew apart after takeoff from Denver this past weekend, and most carriers that fly those planes said they would temporarily pull them from service. The U.S.

CALGARY — Brookfield Infrastructure Partners L.P. and its partners have formally launched a hostile bid to acquire Inter Pipeline Ltd., nearly two weeks after its public interest was rebuffed.

EDMONTON — Alberta’s chief medical officer of health says the next round of reduced economic restrictions likely won’t happen for two more weeks. Dr.

WASHINGTON — Democratic leaders have a potent dynamic on their side as Congress preps for its first votes on the party’s $1.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (18,416.74, up 32.47 points.) Suncor Energy Inc. (TSX:SU). Energy. Up $1.96, or 8.19 per cent, to $25.90 on 24.7 million shares.

TORONTO — Rising commodity prices lifted the loonie to reach a near three-year high and propelled Canada's main stock index to a stronger start of the trading week.

TORONTO — Canadian securities regulators say they will publish specific recommendations this summer after gathering feedback about whether the regulatory bodies for investment dealers and mutual fund dealers should be restructured or merged.