CFRB - Business News

EFT Canada agrees to buy privately owned California company Secure Payment Systems

Sat, 19 Jul 2008 07:49:13 +0000

TORONTO - Toronto-based electronic payment services firm EFT Canada Inc (TSXV:EFT) said Friday it has agreed to buy U.S. company Secure Payment Systems Inc. for an undisclosed amount. Trading of EF...

American Airlines to cutting 1,500 maintenance jobs around the U.S.

Sat, 19 Jul 2008 01:44:48 +0000

DALLAS - American Airlines will cut 1,500 jobs in its maintenance division as it reduces its fleet of aircraft. The largest U.S. airline told employees of the cuts in memos this week. American didn...

Peruvian government issues emergency decree near Gold Hawk plant

Sat, 19 Jul 2008 00:39:40 +0000

VANCOUVER - Gold Hawk Resources Inc. (TSXV:CGK) said Friday the Peruvian government has issued an emergency decree for a hillside near its Coricancha processing plant and tailings area and called for ...

Most actively traded companies on Canadian stock markets

Fri, 18 Jul 2008 23:55:20 +0000

TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (up 55.71 points at 13,515.96): Eastern Platinum ...

General Properties strikes deal to acquire Yarnell gold mine in Arizona

Fri, 18 Jul 2008 23:05:24 +0000

CALGARY - General Properties Ltd. (TSXV:GPL), a Calgary-based mineral developer with holdings in northern Alberta, has struck a joint venture deal with CaNev Resources Corp. and Yarnell Mining Co. Inc...

TigerTel annual income doubles to $1.1 million in fiscal 2008

Fri, 18 Jul 2008 23:05:23 +0000

MISSISSAUGA, Ont. - TigerTel Communications Inc. (TSXV:TTL) had net income of $1.1 million for the financial year ended April 30, double what it had in fiscal 2007 as revenue increased nearly 16 per c...

Citigroup posts $2.5B quarterly loss, but beats Wall Street expectations

Fri, 18 Jul 2008 23:05:19 +0000

NEW YORK - Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion second-quarter loss that was smaller than expected. Cit...

Avery Resources changes name to Bengal Energy, consolidates shares 5:1

Fri, 18 Jul 2008 22:07:09 +0000

CALGARY - Avery Resources Inc. (TSX:ARY), a junior Calgary oil and gas company, says it has received shareholders approval to change the name of the company to Bengal Energy Ltd. and to consolidate it...

Federal prosecutors eye more charges for Bear Stearns executives

Fri, 18 Jul 2008 22:07:14 +0000

NEW YORK - Federal prosecutors in the United States confirmed Friday that they expect to bring more criminal charges against two former Bear Stearns hedge fund managers already accused of lying to inv...

Freddie Mac chief executive gets US$19.8 million in 2007

Fri, 18 Jul 2008 22:07:13 +0000

NEW YORK - Freddie Mac chairman and chief executive Richard Syron pocketed nearly US$19.8 million in compensation last year, according to a U.S. Securities and Exchange Commission filing Friday, even ...

Wilkins resigns as president and CEO of Barrick, named executive vice-chairman

Fri, 18 Jul 2008 21:48:36 +0000

TORONTO - Barrick Gold Corp.'s (TSX:ABX) Greg Wilkins, who has been on medical leave since March, resigned as president and chief executive on Friday and was named executive vice-chairman of the gold ...

Oil markets looking for signs of bubble burst as crude ends week at US$128.88

Fri, 18 Jul 2008 21:48:33 +0000

NEW YORK - Prices at the pump in the United States pulled back from record highs Friday as another slide in oil capped crude's biggest one-week drop in more than three years. Gasoline dropped by ne...

Teva to buy Barr Pharma for more than US$7 billion in generic drug combination

Fri, 18 Jul 2008 21:48:37 +0000

TRENTON, N.J. - Teva Pharmaceutical said Friday it will buy rival generic drugmaker Barr Pharmaceuticals for nearly US$7.5 billion in a move that will boost Teva's dominance as the world's biggest gen...

More General Motors factory closures likely, analysts say

Fri, 18 Jul 2008 21:22:03 +0000

ROMULUS, Mich. - At a General Motors Corp. factory just west of Detroit, about 1,000 workers are still cranking out mighty-but-thirsty V-8 engines that go into pickup trucks and sport utility vehicles...

MDS cutting 210 employees, taking $28M restructuring and writedown hit

Fri, 18 Jul 2008 20:54:55 +0000

TORONTO - Life sciences company MDS Inc. (TSX:MDS) expects to notch up $28 million in charges as it cuts 210 jobs and records an asset impairment charge related to its troubled MDS Pharma Services bus...