Business News
TSX negative as commodity stocks resume selloff;NY up on mortgage sector rescue
TORONTO - The Toronto stock market turned negative half-way through the Monday session. The market had soared more than 350 points in the early going as investors reacted positively to the U.S. gov...
GM recalling 300,000 HHR SUVs to fix storage bin
WASHINGTON - General Motors Corp. (NYSE:GM) is recalling about 300,000 Chevrolet HHR sport utility vehicles in the United States to fix a storage bin door that failed to remain closed during governmen...
Michael Ainsworth named chief executive of ARA Safety Inc.
VANCOUVER - Private firm ARA Safety Inc. has named Michael Ainsworth, former executive vice-president of recently restructured Ainsworth Lumber Co. Ltd. (TSX:ANS), as its chief executive officer. A...
TSX rises as Fannie Mae/Freddie Mac takeover lifts financials;NY surges on news
TORONTO - The financial sector led the way to a positive session on the Toronto stock market Monday morning as investors reacted positively to the U.S. government's takeover of mortgage giants Fannie ...
RSM Richter and Chamberland Hodge merge into bigger accounting firm
MONTREAL - Quebec accounting firms RSM Richter and Chamberland Hodge have merged into a bigger Montreal-based business services company with more than 400 employees. Financial terms of the deal, an...
Oil tops US$109 as hurricane Ike threatens Gulf of Mexico
DUBAI, United Arab Emirates - Oil prices rose above US$109 a barrel Monday as hurricane Ike took aim at the Gulf of Mexico, delaying efforts to bring oil and gas production back online, and Iran's oil...
Financials lift stock markets following takeover of US mortgage giants
TORONTO - The Toronto stock market was positive at mid-morning but well off Monday's early highs, as financial stocks gave back some gains from the U.S. government's takeover of mortgage giants Fannie...
Tata not yet restarting production at Nano plant after farmers' protests
MUMBAI, India - The yellow barricades that have blocked the highway to the Tata Motors Nano factory in West Bengal came down Monday, but the road is not yet clear for production of the world's cheapes...
Sherwood Copper and Capstone to merge in $244.4-million deal
VANCOUVER - Sherwood Copper Corp. (TSXV:SWC) and Capstone Mining Corp. (TSX:CS) have agreed to merge in a deal that will create a bigger player in the North American copper mining sector. Under ter...
CanReit trust acquires eight Canadian Tire stores for $137.3 million
TORONTO - Two Toronto-based commercial real estate owners have acquired 11 retail properties from Canadian Tire Corp. (TSX:CTC.A). Canadian Real Estate Investment Trust (TSX:REF.UN) announced Monda...
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