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Miley Cyrus date 45 minutes late for arraignment, due back in court next month

Sep 16, 2014 / 4:06 pm

DALLAS - The young homeless man who accompanied Miley Cyrus to the MTV Video Music Awards arrived 45 minutes late for his arraignment Tuesday on a charge that he violated his probation in Oregon.Polk County Judge Monte Campbell was ready to wrap up his court hearings for the day, and likely issue...

Mirabel airport demolition to go ahead despite convention centre plans

Sep 16, 2014 / 3:32 pm

MONTREAL - Despite efforts to save Mirabel airport, the Montreal airport authority is going ahead with plans to demolish the facility, which has had no passenger flights since 2004.On Tuesday, James Cherry, president and CEO of Aeroports de Montreal, announced that a demolition company has been...

Wind Mobile will need more money to progress to next level, analyst says

Sep 16, 2014 / 2:22 pm

TORONTO - Buying out Wind Mobile's European-based majority owner is only the first step and more financing will be needed if the small wireless carrier is to progress to the next level by improving its network and attracting significantly more customers, telecom industry analyst Mark Goldberg said...

Most actively traded companies on the TSX

Sep 16, 2014 / 2:14 pm

Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,510.54, up 27.98 points): B2Gold Corp. (TSX:BTO). Miner. Up five cents, or 2.20 per cent, to $2.32 on 18 million shares. RB Energy Inc. (TSX:RBI). Miner. Down 7.5 cents, or 25.42 per...

NASA picks Boeing and SpaceX to carry astronauts to space station by 2017

Sep 16, 2014 / 2:06 pm

CAPE CANAVERAL, Fla. - NASA is a giant step closer to launching Americans again from U.S. soil. On Tuesday, the space agency announced it has picked Boeing and SpaceX to transport astronauts to the International Space Station in the next few years. NASA Administrator Charles Bolden named the...

Toronto stock market, Wall St. higher ahead of Fed statement, lift in oil prices

Sep 16, 2014 / 1:44 pm

TORONTO - The Toronto stock market closed higher Tuesday as traders awaited the outcome of this week's meeting of the U.S. Federal Reserve.The S&P/TSX composite index rose 27.98 points to 15,510.54.The loonie was up 0.66 of a cent to 91.16 cents US as the latest data showed that Canadian...

Loonie rises amid signs that BoC will continue hands-off approach to currency

Sep 16, 2014 / 1:36 pm

TORONTO - The Canadian dollar climbed more than half a cent Tuesday amid signs from the Bank of Canada that it doesn't plan on interfering with the direction of the loonie.The dollar was up 0.66 of a cent at 91.16 cents US.Bank of Canada governor Stephen Poloz said the central bank continues to...

Spanish bank Santander agrees to buy car loan company Carfinco for $298M

Sep 16, 2014 / 1:36 pm

EDMONTON - Shares in Carfinco Financial Group Inc. (TSX:CFN) shot up more than 30 per cent after Spanish bank Santander signed an agreement to buy the Edmonton-based car loan company for about $298 million in cash.Carfinco shares gained $2.76 to close at $11.35 on the Toronto Stock Exchange.Banco...

US stock market finishes higher as investors await results of Federal Reserve meeting

Sep 16, 2014 / 1:18 pm

NEW YORK, N.Y. - The stock market is closing broadly higher as investors await the results of a key meeting by the Federal Reserve.All 10 industry groups in the Standard & Poor's 500 index rose Tuesday, led by health care, utilities and energy companies.The Dow rose 100 points, or 0.6 per cent,...

Federal agency seeks $500 million in relief for students at for-profit Corinthian Colleges

Sep 16, 2014 / 12:26 pm

WASHINGTON - Corinthian Colleges is being sued by the federal Consumer Financial Protection Bureau for what it calls a "predatory lending scheme."The CFPB is seeking more than $500 million for borrowers who used the for-profit education company's private student loans. Corinthian misled students...

TD Bank CEO says Ottawa should tighten lending rules to avoid future troubles

Sep 16, 2014 / 12:18 pm

TORONTO - TD Bank (TSX:TD) chief executive Ed Clark says the federal government needs to do more to ensure Canadians aren't taking on more debt than they can handle.The 67-year-old executive, who retires in November, says he remains concerned about the effect the Bank of Canada's low interest rate...

Flatow, show 'Science Friday' settle claims of misusing federal grant money

Sep 16, 2014 / 11:30 am

HARTFORD, Conn. - Federal prosecutors say radio host Ira Flatow and his "Science Friday" show that airs on many National Public Radio stations have settled civil claims that they misused money from a nearly $1 million federal grant aimed at boosting the show's reach to younger listeners.The...

Tim Hortons CEO pushed Burger King to make higher offer, commitments to Canada

Sep 16, 2014 / 10:58 am

TORONTO - Tim Hortons executives spent nearly six months negotiating the US$11-billion takeover deal with Burger King, a process that saw the American company increase its offer for the coffee chain three times.Documents filed with regulators on Tuesday illustrated lengthy talks that began last...

US CEO optimism falls in 3rd quarter as chief executives see less hiring, investment

Sep 16, 2014 / 10:42 am

WASHINGTON - Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter.The Business Roundtable said Tuesday that its CEO outlook index fell to 86.4 in the third quarter, down from 95.4 in the April-June...

Manufacturing sales hit record high in July, Statistics Canada says

Sep 16, 2014 / 8:58 am

OTTAWA - Canada's manufacturing sector posted record sales for July and topped expectations as it gained 2.5 per cent. Statistics Canada said Tuesday that manufacturing sales for July, the first month of the third quarter, totalled $53.7 billion — beating the previous...

Trump Plaza shuts down, becomes 4th Atlantic City casino to close this year

Sep 16, 2014 / 7:32 am

ATLANTIC CITY, N.J. - Trump Plaza Hotel & Casino closed its doors early Tuesday, the fourth Atlantic City casino to go belly-up so far this year. When it opened on May 14, 1984, Donald Trump called it the finest building in Atlantic City, and possibly the nation. But since then, The...

Lower gas, food costs keep US producer prices unchanged in August as inflation remains mild.

Sep 16, 2014 / 7:14 am

WASHINGTON - A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check.Wholesale gas prices fell 1.4 per cent last month and food costs dropped 0.5 per cent, the Labor Department said Tuesday. Those declines offset...

Women are more conservative investors than men and want safer investments:study

Sep 16, 2014 / 4:36 am

TORONTO - It seems that it can still be a man's world when it comes to investing.A new survey says 83 per cent of Canadians believe that investing has traditionally been viewed as a role for men, and 48 per cent contend that women are intimidated by investing.But the survey by the Bank of Montreal...

Apple: U2 album accessed by 33 million users in six days since free copies issued

Sep 15, 2014 / 6:22 pm

NEW YORK, N.Y. - Apple Inc. says 33 million iTunes account holders have accessed U2's free album.The company issued a statement Monday from Senior Vice-President Eddy Cue with the first usage numbers for the surprise "Songs of Freedom" release by the company. Apple gave the album to 500 million...

PG&E officials removed for improper email communications with California regulators

Sep 15, 2014 / 5:54 pm

SAN FRANCISCO - Four senior officials with Pacific Gas & Electric Co. and the state commission regulating it were removed or resigned over emails released Monday showing the utility and state regulators appeared to negotiate which judge would be assigned to hear one of the utility's rate...

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