Thursday, July 31st33.1°C

Trump's attorney confirms 'The Donald' selected to advance in Bills' sale process

Jul 31, 2014 / 6:40 pm

BUFFALO, N.Y. - Donald Trump remains in the running to purchase the Buffalo Bills.Trump's attorney, Michael Cohen, confirmed in an email to The Associated Press on Thursday that the real estate mogul has been chosen to advance to the next round of bidding to purchase the team. Cohen said he was...

Pipeline company TransCanada reports second-quarter profit of $416 million

Jul 31, 2014 / 4:34 pm

CALGARY - TransCanada Corp. (TSX:TRP), which is close to filing a regulatory application for its Energy East oil pipeline to Atlantic Canada, said an asset sale boosted its profits during the second quarter.The Calgary-based pipeline operator has been busy holding consultations for the $12-billion...

Alpha says it plans 1,100 layoffs at coal mines in W.Va., cites weak markets, regulation

Jul 31, 2014 / 4:10 pm

CHARLESTON, W.Va. - One of the nation's largest coal producers said Thursday it expects to lay off 1,100 workers at 11 southern West Virginia surface coal mines by mid-October, citing dismal markets and federal regulation.The announcement by Alpha Natural Resources dealt another blow to...

Metropolitan Opera asks federal mediator to resolve labour gridlock threatening lockout

Jul 31, 2014 / 3:46 pm

NEW YORK, N.Y. - It's a drama worthy of the Metropolitan Opera: Frantic, last-minute labour negotiations aimed at averting a lockout that threatens an immediate halt to pay and benefits for thousands of singers, musicians, stagehands and other workers.A federal mediator arrived Thursday to help...

Penn West Petroleum shares dive after accounting review finds faults

Jul 31, 2014 / 3:38 pm

CALGARY - Shares in Penn West Petroleum Ltd. (TSX:PWT) fell sharply Wednesday after the company announced it's reviewing its accounting practices going back several years and will have to restate some of its past financial reports.Its shares plunged 13.78 per cent or $1.37 to close at $8.57. They...

Most actively traded companies on the TSX

Jul 31, 2014 / 3:10 pm

Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,330.74, down 194.08 points):Bombardier Inc. (TSX:BBD.B). Aerospace. Up six cents, or 1.63 per cent, to $3.73 on 13.1 million shares. The company reported its adjusted earnings were US$192...

Shaw Communications buys data centre for US$1.2B

Jul 31, 2014 / 2:56 pm

CALGARY - Shaw Communications (TSX:SJR.B) is buying Colorado-based data centre ViaWest Inc. in a bid to enhance its data services and cloud capabilities.The US$1.2 billion deal for ViaWest, a privately held providers of data centre infrastructure, cloud technology and managed information technology...

Maple Leaf Foods is hoping consumers get used to paying more for bacon, sausages

Jul 31, 2014 / 2:10 pm

TORONTO - Being forced to pay more for bacon and sausages left a bad taste with some consumers in the last quarter, but Maple Leaf Foods is anticipating that the higher prices will not act as a deterrent for much longer.The Toronto-based meat processor, which also makes hot dogs and deli meats,...

Gildan to expand its Central American textile production with Honduras plant

Jul 31, 2014 / 2:00 pm

MONTREAL - Gildan Activewear is further expanding its Central American textile production capacity and looking for more acquisitions as the apparel maker pursues international growth.The Montreal-based company announced plans Thursday to build a new plant at its complex in Honduras that will churn...

Target taps outsider as CEO for first time in push to redefine itself with shoppers

Jul 31, 2014 / 1:56 pm

NEW YORK, N.Y. - Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers.The Minneapolis-based company (NYSE:TGT) said Thursday that it named PepsiCo executive Brian Cornell to the top spot, replacing chief financial officer...

Gender discrimination alleged in Canada-Mexico migrant farm-labour program

Jul 31, 2014 / 1:40 pm

TORONTO - Allowing Canadian farmers to choose whether they want men or women from Mexico to work for them as seasonal agricultural workers amounts to gender discrimination, a prominent union is arguing.In a complaint this week, the United Food and Commercial Workers union is calling on the Ontario...

TSX moves off record high, tumbles 194 points amid earnings disappointments

Jul 31, 2014 / 1:36 pm

TORONTO - North American stock markets had their biggest one-day tumble since early February on Thursday but analysts were hard-pressed to identify a single reason for the drop.The S&P/TSX composite index in Toronto fell 194.08 points to 15,330.74, as a number of big Canadian corporations missed...

Canadian dollar little changed while May economic growth figures beat forecasts

Jul 31, 2014 / 1:24 pm

TORONTO - The Canadian dollar closed little changed Thursday as economic growth figures for May came in better than expected.The loonie was off 0.02 of a cent to 91.71 cents US as Statistics Canada said gross domestic product grew by 0.4 per cent during the month, better than the 0.3 per cent gain...

Nova Scotia deficit ballooned to $679M, net debt hit all-time high

Jul 31, 2014 / 1:06 pm

HALIFAX - Nova Scotia's deficit ballooned in the last fiscal year and its net debt reached an all-time high, the provincial government revealed Thursday.The audited financial statements for 2013-14 show that the deficit grew to $678.9 million, nearly $200 million from what was forecast in December,...

No more exclusivity clauses in wireless roaming contracts, says CRTC

Jul 31, 2014 / 12:54 pm

OTTAWA - Wireless carriers in Canada have been banned from imposing exclusivity conditions in contracts that forced smaller firms to use more expensive roaming networks.The Canadian Radio-television and Telecommunications Commission issued the prohibition order Thursday, saying it was aimed at...

Stocks plunge, wiping out July gains; Market is on track for first monthly loss since January

Jul 31, 2014 / 12:50 pm

NEW YORK, N.Y. - U.S. stocks are plunging, putting the market on track for its first monthly loss since January.The Dow Jones industrial average had its worst daily drop since February. At one point it was down more than 300 points.The slide interrupted a prolonged advance in the market. The...

Valeant lowers 2014 guidance but addresses critics by detailing product growth

Jul 31, 2014 / 12:50 pm

MONTREAL - Valeant Pharmaceuticals provided details about the growth of its main products on Thursday, responding to questions raised about its business model by Botox maker Allergan.Allergan (NYSE:AGN) has defended itself from Valeant's hostile takeover attempt by accusing the company of using...

RCMP seeking two men in alleged $1.5M investment scam

Jul 31, 2014 / 12:46 pm

TORONTO - The RCMP is looking for two men after it says more than 160 Canadians lost $1.5 million in an alleged investment scam.Investigators say people in Saskatchewan, Manitoba, Ontario and Alberta were enticed to invest money through BHF Waste Management Limited Partnership in Barrie, Ont.,...

Apache Corp., under investor pressure, exiting Kitimat LNG project

Jul 31, 2014 / 12:44 pm

CALGARY - A liquefied natural gas project planned for Kitimat, B.C., faces an uncertain future after one of its U.S. partners announced plans to get out of the LNG business.Apache Corp. said Thursday it plans to ditch the Kitimat LNG project, which it was developing alongside Chevron Corp., as well...

USDA overhauls decades-old poultry inspections in effort to improve food safety

Jul 31, 2014 / 12:22 pm

WASHINGTON - The Obama administration is overhauling poultry plant inspections for the first time in more than 50 years, a move it says could result in 5,000 fewer foodborne illnesses each year.Final rules announced Thursday would reduce the number of government poultry inspectors by around a...

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Pacific Safety0.18-0.005
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Colorado Resources0.205-0.015
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Mission Ready Services0.150.00



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