Business News
Boeing Co. sends union machinists final offer in bid to avoid costly strike
Boeing Co. delivered a final contract offer to its union machinists Thursday that it said would boost pay by 11 per cent on average over three years, the latest effort by the airplane maker to avoid a...
Financials power TSX higher on latest bank earns;GDP revision takes NY higher
TORONTO - Bank stocks were responsible for a triple-digit advance on the Toronto Stock Exchange on Thursday as the latest series of earnings reports from the country's big banks encouraged investors, ...
Japan inflation rises sharply in July, up 2.4 per cent from year ago
TOKYO - Japan says its core inflation in July rose a sharp 2.4 per cent from a year earlier due to soaring food and gasoline prices. The figure marks the 10th straight month of increase for the cor...
Dell second-quarter profit drops 17 per cent and stock plunges
Computer maker Dell Inc. said Thursday its second-quarter profit fell 17 per cent, hurt in part by price cuts. Both earnings and margins fell short of Wall Street estimates, and Dell shares plunged. ...
GDP release Friday to confirm worst two quarters since last recession: economists
OTTAWA - New indicators of economic weakness emerging Thursday are raising speculation that Canada may have suffered through a mild technical recession in the first half of the year, economists say. ...
Shaw Communications to buy the Campbell River Cable System for $46 million
CALGARY - Shaw Communications Inc. (TSX:SJR.B) said Thursday that members of the Campbell River TV Association have approved the sale of the cable system in and around Campbell River, B.C., to Shaw in...
Medicure post '08 loss from continuing operations of $57.4 million
WINNIPEG - Drug developer Medicure Inc. (TSX:MPH) says its loss from continuing operations for 2008 amounted to $57.4 million compared to $31.7 million the previous year. For the year ended May 31,...
Canada's biggest banks report $4.15B in overall earnings for third quarter
TORONTO - Canada's biggest banks wrapped up the third quarter with a 21 per cent drop in overall earnings, down to $4.15 billion, from a year-ago $5.26 billion, on losses from bad loans as the credit ...
Strategic Resource Acquisition hires financial and strategic advisers
TORONTO - Strategic Resource Acquisition Corp. (TSX:SRZ) said Thursday that it has hired Blackmont Capital Inc., Haywood Securities Inc., and Paradigm Capital Inc. to act as financial and strategic ad...
Most of Canada's iPhone users 'not into the guts' of what it can do: analyst
MONTREAL - Most of Canada's iPhone users seem to prefer the multimedia device for talking. After all of the complaints about the cost of operating the new, faster iPhone, its owners don't appear to...
Lottery results for Thu, Aug 28
