Ottawa / Bloomberg Canada should increase foreign-ownership limits on airlines and allow private investment in airports to enhance competition in the country’s transportation industry, according to a government-funded study. Institutional and private-equity investors should also be allowed to buy stakes in the country’s marine ports, according to the Canada Transportation Act Review presented to Parliament in Ottawa. The broadest study …

NEW YORK / AP Gap’s shares took a hit in after-hours trading after the clothing chain offered a weak profit outlook. The outlook came as the San Francisco-based chain reported a 33 percent drop in fourth-quarter profits as business was hurt by a strong US dollar and strategic moves to turn around its ailing business. The results show the continued …

Washington / Bloomberg The public spat between American Airlines Group Inc. and Gogo Inc., which provides the bulk of the carrier’s domestic inflight Wi-Fi, could be considered the final blow to ground-based internet access that has become another irritating part of the air-travel experience. It will take years for Gogo to install its backlog of orders for faster Internet service, …