National Business

MALIBU, Calif. — A plan by U2 guitarist The Edge to build a cluster of mansions on a ridgeline above Malibu appears to be dead after California's highest court declined to consider his last-ditch appeal.

Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,511.79, up 8.44 points). Encana Corp. (TSX:ECA). Energy. Down 13 cents, or 1.98 per cent, to $6.42 on 6.2 million shares. Bombardier Inc.

Matt Niskanen wasn't totally shocked when the Washington Capitals traded him to Philadelphia last week. One look at their salary cap picture explained it. "I know what kind of situation Washington was in, so I knew there was a possibility," he said.

TORONTO — Canada's main stock index closed slightly higher after the U.S. Federal Reserve kept its key interest rate unchanged but indicated that it is prepared to cut it if economic stimulus is needed. The S&P/TSX composite index closed up 8.

MEXICO CITY — Mexico's Senate has voted to ratify a new free trade agreement with the United States and Canada, making it the first of the three countries to gain legislative approval.

ST. LOUIS — A group led by St. Louis Blues chairman Tom Stillman now owns 100 per cent of the reigning Stanley Cup champions.

NIEUWEGEIN, Netherlands — International prosecutors announced murder charges Wednesday against four men — three of them Russians with military or intelligence backgrounds — in the missile attack that blew a Malaysia Airlines jet out of the sky over U

PARIS — The photogenic front row at Valentino's show had "Riverdale" actor Charles Melton, NBA player Jaylen Brown and Stevie Wonder's model son Kailand Morris among the seated notables, ensuring cameras stayed busy snapping at Paris Fashion Week.

TORONTO — Shopify Inc. has launched a network of fulfilment centres in the United States to expand its suite of offerings for merchants in the competitive world of online retail.

OTTAWA — The annual pace of inflation picked up in May as the consumer price index rose 2.4 per cent compared with a year ago, its largest increase since October last year, Statistics Canada said Wednesday. The move compared with a 2.