National Business

LOS ANGELES (AP) — The most expensive ballot proposition gamble in U.S. history went bust Tuesday as California voters overwhelmingly rejected sports betting initiatives by Native American tribes and the gaming industry.

SACRAMENTO, Calif. (AP) — California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads.

WASHINGTON — Gretchen Whitmer, the Michigan governor and Joe Biden ally behind the effort to shut down Canada's cross-border Line 5 pipeline, was re-elected Tuesday in midterm elections that showcased a surprising degree of Democratic resilience.

TOKYO (AP) — Nintendo hopes to leverage a new Super Mario movie, various merchandising and theme parks to draw more people into playing its video games, President Shuntaro Furukawa said Wednesday.

LOS ANGELES (AP) — Someone who bought a Powerball ticket in Southern California has won a record $2.04 billion Powerball jackpot after more than three months without anyone hitting the top prize.

TORONTO — Intact Financial Corp. says it saw a 23 per cent rise in net income despite "active weather" and ongoing cost pressures in the quarter. The insurance company says it had a profit of $370 million for the quarter ending Sept.

BRUSSELS (AP) — The European Union has launched an investigation into Microsoft’s planned takeover of video game giant Activision Blizzard, fearing the $69 billion deal would distort fair competition to popular titles like Call of Duty .

WASHINGTON (AP) — A federal judge has laid out a data-laden case for why she blocked Penguin Random House’s proposed purchase of Simon & Schuster , handing a victory to the Biden Justice Department in its contention that combining two of the worl

TORONTO — Vague promises by banks and businesses to reach net-zero emissions decades in the future risk undermining action needed now, Canada's former environment minister told a UN climate conference Tuesday.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,660.31, up 114.40 points): Enbridge Inc. (TSX:ENB). Energy. Up eight cents, or 0.15 per cent, to $53.91 on 15.7 million shares.