Hershey may make US$17-billion bid for Cadbury, topping Kraft, Journal reports
a minute ago
NEW YORK - Hershey Co. may make a US$17-billion bid for UK candy company Cadbury PLC, topping the recent $16.5-billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports...
As interest rates fall back near zero, there aren't many happy returns
a minute ago
Now if only we could get something for our money. Interest rates are sinking to near zero for the first time since last year's financial meltdown, dampening spending as Americans earn...
Judge reserves decision on whether Scotiabank overtime suit can move forward
a minute ago
TORONTO - An Ontario court judge deciding whether a class action lawsuit against Scotiabank (TSX:BNS) over unpaid overtime should be dismissed has reserved his decision. Lawyer Louis...
AbitibiBowater juggles to avoid large tax bills from $250-million loan
a minute ago
the insolvent company to juggle its corporate structure to avoid a big tax bill. The Montreal-based company, which is operating under court protection from creditors, faces $55.25...
Hershey may make $17 billion bid for Cadbury, topping Kraft, Journal reports
a minute ago
NEW YORK - Hershey Co. may make a US$17-billion bid for UK candy company Cadbury PLC, topping the recent $16.5-billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports...
Two bidders vie for Nortel's optical networking business in auction
a minute ago
auction block Friday as two technology giants put their best bids forward in hopes of gaining control. Both Ciena Corp. (NASDAQ:CIEN) and Nokia Siemens participated in an auction for...
Brookfield increases long-term contract for power generation in Ont.
a minute ago
TORONTO - Brookfield Renewable Power Inc. said Friday it has signed a 20-year contract Ontario Power Authority to sell all of its output from 16 of its Ontario hydro facilities. The...
Recession catches up to businesses as more join the line to bankruptcy
20 minutes ago
year, Canadian businesses are now succumbing to the same economic malaise that has already sent tens of thousands of individual Canadians to the bankruptcy office. The Office of the...
Oil edges down toward US$76 amid economic uncertainty, rising U.S. dollar
56 minutes ago
NEW YORK - Oil prices fell below US$77 a barrel on Friday on a stronger U.S. dollar and amid concern about the strength of the global economic recovery. Benchmark crude gave up 74...
Ontex Resources to acquire Roxmark Mines in all-stock transaction
1 hour ago
TORONTO - Roxmark Mines Ltd (TSXV-RMK) said Friday it plans to amalgamate with Ontex Resources Ltd. (TSX:ONT) in an all-stock transaction to form a new company that will eventually be...
Senate panel will take up Bernanke's nomination to second Fed term on December 3
2 hours ago
WASHINGTON - U.S. Federal Reserve chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said...
AbitibiBowater juggles to avoid large tax bills from $250 million loan
2 hours ago
MONTREAL - A $250-million loan between Canadian and U.S. subsidiaries of AbitibiBowater is forcing the company to juggle its corporate structure to avoid a big tax bill. The...
Weak demand and rising crude prices lead to another refinery closing; 550 workers let go
2 hours ago
WILMINGTON, Del. - Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of the operations shutting down in recent...
MacDonald Dettwiler signs $200 million communications deal with Russians
3 hours ago
VANCOUVER, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) announced Friday that it has signed a satellite technology contract with the Russian Radio Research and Development...
Business bankruptcies jump in September, joining consumers in the insolvency line
4 hours ago
OTTAWA - After hunkering down throughout most of the recession, Canadian businesses began lining up with consumers at the bankruptcy office in September, according to government data...
Saputo, Kraft appeal court ruling upholding federal cheese regulations
4 hours ago
MONTREAL - Saputo (TSX:SAP) and Kraft have appealed a Federal Court ruling that upheld new federal cheese regulations. The large cheese makers want the Federal Court of Appeal to...
Flaherty says government will undertake no new spending in next year's budget
5 hours ago
TORONTO - Federal Finance Minister Jim Flaherty says the Conservative government doesn't plan to undertake major new spending initiatives in next year's budget. Rather, it will...
Transat beefs up France operations by teaming with travel agency network
5 hours ago
MONTREAL - Transat A.T. (TSX:TRZ.B), a tour operator and charter airline company, is expanding its reach in France by teaming up with the country's largest travel agency network. The...
CF gets three directors on Terra board, complicating hostile Agrium bid
5 hours ago
CALGARY - Agrium Inc.'s (TSX:AGU) reluctant U.S. takeover target, CF Industries Holdings Inc. (NYSE:CF), is making headway in a hostile bid of its own. Illinois-based fertilizer...
Good news for home heating: With the most natural gas in storage, prices plunge by 15 per cent
5 hours ago
NEW YORK - Natural gas prices have dropped by more than 15 per cent in the past month as the country continues to sip at its energy reserves and a balmy November allowed many homeowners...
Flaherty should use speech to urge patience with economic rebound: economist
6 hours ago
TORONTO - One economist says Finance Minister Jim Flaherty should use a speech in Toronto today as an opportunity to urge patience with an economy that's rebounding slower than some had...
Personal bankruptcies jumped 43.3 per cent in September, compared to year earlier
8 hours ago
OTTAWA - A federal regulator says bankruptcies in September jumped 43.3 per cent from the same month a year earlier. The Office of the Superintendent of Bankruptcy says most of the ...
Angle Energy offers to acquire Stonefire Energy in $75 million all-cash deal
8 hours ago
CALGARY - Angle Energy Inc. (TSX:NGL) is making an all-cash offer to acquire Stonefire Energy Corp. (TSXV:SFE) in a friendly deal valued at $75 million, the companies announced Friday.
Ontario Power Generation says Q3 profit underpinned by investment returns
9 hours ago
TORONTO - Ontario Power Generation Inc. had a $259-million profit in its latest quarter, although the provincial Crown corporation continued to feel the impact of reduced demand for...
Leader Energy Services net loss narrows in third quarter, revenues down
10 hours ago
CALGARY - Leader Energy Services Ltd. (TSXV:LEA) felt the brunt of a harsh oil and gas market, but the company was able to narrow its third-quarter losses due to a reduction in interest...
Oil moves down near US$77 amid economic uncertainty
11 hours ago
Oil prices edged down toward $77 a barrel on Friday after a drop in many stock markets and amid concern about the strength of the global economic recovery. By early afternoon in...
Sony plans online service to be up next year to connect range of gadgets
13 hours ago
TOKYO - Sony's new online service connecting the whole range of its gadgets to downloadable content like movies and games should help build brand loyalty, a top executive said Friday. ...
Volkswagen supervisory board moves closer to Porsche merger, approves contracts
13 hours ago
FRANKFURT, Germany - German carmaker Volkswagen AG said Friday its supervisory board had approved certain agreement contracts for the planned merger with German sportscar builder Porsche,
Oil hovers below $78 in Asia as investors look at US dollar, economy
13 hours ago
SINGAPORE - Oil prices hovered below US$78 a barrel Friday in Asia as investors eyed a volatile U.S. dollar and mixed economic data. Benchmark crude for December delivery was up 11...
Asian stock markets mostly fall amid weak recovery signs, Europe markets gain
13 hours ago
BANGKOK, Thailand - Asia's stock markets mostly retreated Friday following a glum session on Wall Street as evidence of a weak economic recovery continued to pile up. European shares...
Japanese government warns that falling prices, more jobless could hurt recovery
15 hours ago
TOKYO - Japan's government highlighted the danger of deflation for the first time in three years Friday, warning that falling prices and a further worsening of the labour market could...
B.C. university student takes top award at global entrepreneur competition
17 hours ago
VANCOUVER, B.C. - A British Columbia student who founded one of the world's largest Internet song lyric websites has taken the top prize at a global entrepreneur contest. Milun...
Japan's central bank decides to leave key interest rate unchanged
17 hours ago
0.1 per cent Friday and upgraded its assessment of the world's second largest economy because of an improvement in exports. The unanimous decision on the interest rate, which was widely
As bailouts wind down, Treasury will auction warrants for three banks
19 hours ago
auction off warrants for three banks that it acquired as part of last fall's financial bailout. It's the latest government effort to reel in its emergency financial programs. Treasury...
Alcoa to idle Italy smelters after EU says electricity subsidies must end
19 hours ago
NEW YORK - Aluminum producer Alcoa Inc. said Thursday it will temporarily idle production at its two smelters in Italy, affecting about 2,000 workers, after a decision by the European...
Berkshire lines up US$8B loan to help pay for acquisition of BNSF railroad
20 hours ago
OMAHA, Neb. - Warren Buffett's company has lined up an US$8-billion loan to help pay for its $26.3-billion acquisition of railroad Burlington Northern Santa Fe Corp. Berkshire Hathaway
Ivanhoe Energy subsidiary to merge with PanAsian Petroleum Inc in Mongolia
22 hours ago
Ivanhoe Energy Inc. (TSX:IE) said Thursday a move to acquire oil and gas exploration and production rights in highly prospective central Mongolia is the first step in a plan to...
SEC told to tighten process for picking which investment advisers to inspect
22 hours ago
WASHINGTON - The U.S. Securities and Exchange Commission must tighten its process for deciding which investment advisers to inspect if it is to avoid colossal breakdowns like the one that
Aecon Group wins $58.3-million contract to expand Ontario highway
23 hours ago
TORONTO - Aecon Group Inc. (TSX:ARE) said Thursday that it has won a $58.3-million contract from the Ontario Ministry of Transportation to expand Highway 69 near Estaire, Ont. Under...
Weak data on jobless claims, future economic activity, foreclosures add to recovery concerns
23 hours ago
WASHINGTON - A gauge of future economic activity and a report on unemployment benefits signalled Thursday that the recovery likely will remain weak in the coming months. The Conference
Investors savage Manulife stock in response to $25B bought-deal share issue
23 hours ago
TORONTO - Investors reacted sharply and in great numbers Thursday to a move by Manulife Financial Corp., Canada's largest insurance company, to raise $2.5 billion in a major stock issue.
Rogers Sugar Income Fund fourth quarter profits rise to $24 million from $10.7 million
23 hours ago
MONTREAL - Rogers Sugar Income Fund (TSX:RSI.UN), Canada's largest sugar producer, reports its net profit more than doubled in the fourth quarter to $24 million from $10.7 million. The
Fairfax Financial Holdings to voluntarily delist shares from NYSE
23 hours ago
TORONTO - Fairfax Financial Holdings Ltd. (TSX:FFH) said Thursday it plans to voluntarily delist its subordinate voting shares from the New York Stock Exchange. The company's...
Bank of Montreal to buy back up to 15M or 2.7 per cent of its common shares
1 day ago
TORONTO - The Bank of Montreal (TSX:BMO) said Thursday it will buy back up to 15 million or 2.7 per cent of its common shares. The bank said the Toronto Stock Exchange and the Office of
Bombardier has hopes for success in winning rail orders in North America
1 day ago
MONTREAL - Bombardier's (TSX:BBD.B) transportation division has high hopes that its success in winning big rail contracts isn't confined to Europe and China. The company sees...
Gap Inc. profit soars 25 per cent in third quarter as Old Navy brand recovers
1 day ago
CHICAGO - Shoppers spent more money at low-price Old Navy stores in the third quarter this year, helping Gap Inc.'s profit climb 25 per cent compared with last year, the retailer said...
Kingsway seeks court OK for donation of Lincoln General Insurance shares
1 day ago
TORONTO - Kingsway Financial Services Inc. said Thursday it has asked a Pennsylvania court to declare its donation of shares of the holding company of Lincoln General Insurance Co. was...
Priszm suspends monthly distribution in efforts to increase cash position, units fall 20 per cent
1 day ago
TORONTO - Units of Priszm Income Fund (TSX:QSR.UN) plummeted nearly 20 per cent at the close of trading Thursday after the company announced the suspension of monthly distributions to...
Gap Inc. profit soars 25 per cent in third quarter, Old Navy brand recovers
1 day ago
CHICAGO - Shoppers spent more money at low-price Old Navy stores in the third quarter this year, helping Gap Inc.'s profit climb 25 per cent compared with last year, the retailer said...
$161M federal loan for Montana-Canada transmission line approved
1 day ago
BILLINGS, Mon. - Federal regulators have signed off on a $161 US million loan to a Canadian company that's building a 350 kilometre power transmission line between Alberta and Montana.

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