Business News
General Motors says sale of Opel to Magna nearing completion
BERLIN - Negotiations for the sale of General Motors Corp.'s German unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and should soon be complete, the head of GM Europe said i...
Venezuela takes control of Spanish-owned Banco de Venezuela in nationalization
CARACAS, Venezuela - President Hugo Chavez's government has taken control of the country's third largest bank - Banco de Venezuela. The government agreed in May to pay Spain's Grupo Santander more ...
Bell installation and repair technicians vote to approve new five-year contract
TORONTO - The union representing 2,500 Bell installation and repair technicians in Ontario said Friday the workers have voted to accept a new five-year contract. The contract will increase wages fo...
Net mutual fund redemptions between $1.3B and $1.8B for June, IFIC says
TORONTO - Net redemptions of mutual funds for June were estimated to be between $1.3 billion and $1.8 billion, according to the Investment Funds Institute of Canada. IFIC estimated Friday that net ...
Chinese company makes bids for GM's Opel division; alternative to Magna
TORONTO - General Motors Corp. confirmed Friday it has received a non-binding offer from a Chinese concern for its Opel division. GM Europe spokesman Christopher Preuss refused to give details of t...
Talks between Air Canada, machinists' union likely to stretch through weekend
MONTREAL - Talks between Air Canada (TSX:AC.B) and the union representing its mechanics and technical staff will likely continue through the weekend as the airline tries to obtain a wage freeze and pe...
Most active shares in Toronto on Friday
TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (10,288.01, up 42.10 points): Teck Resources Ltd....
Toronto stock market closes flat on low trading volume; New York closed
TORONTO - The Toronto stock market ended the week flat as investors weighed weak oil prices with good news out of the base metals sector. The S&P/TSX composite index inched up 37.19 points to 10,28...
Victoria Square Ventures to provide $3 million for Adaltis CCAA restructuring
MONTREAL - Adaltis Inc. (TSX: ADS) received court protection under the Companies' Creditors Arrangement Act on Friday, providing some hope that the life sciences company can continue operating while i...
$10 billion plan signed for pipeline that would ship gas from Africa to Europe
ABUJA, Nigeria - Nigeria, Algeria and Niger have signed an agreement to create a $10 billion pipeline that would ship gas across the Saharan desert to Europe, Nigeria's state oil company said Friday. ...
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