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Telecom company Rogers doles out nearly $40 million on its two CEOs in 2013

Apr 20, 2014 / 7:46 am

TORONTO - Rogers Communications (TSX:RCI.B) doled out nearly $40 million last year paying the two executives who held the top position at the telecom company.Guy Laurence, who only stepped into the CEO role on Dec. 2, made a total of $12.7 million in 2013, according to figures disclosed in Rogers'...

Oil rises past $104 a barrel as Ukraine jiggers offset large rise in US crude supplies

Apr 20, 2014 / 7:46 am

NEW YORK, N.Y. - The price of oil rose past US$104 per barrel Thursday on worries over the upheaval in Ukraine.Benchmark West Texas Intermediate crude for May delivery rose 54 cents to close at US$104.30 a barrel in New York.Supplies in the U.S. are ample — the Energy Department reported the...

Loonie advances as rising energy prices send March inflation higher

Apr 20, 2014 / 7:46 am

TORONTO - The Canadian dollar closed higher Thursday amid data showing inflation coming in slightly higher than expected.The loonie was up 0.04 of a cent to 90.8 cents US as Statistics Canada reported that the consumer price index rose 0.6 per cent in March from the previous month, higher than the...

Most actively traded companies on the TSX, TSX Venture Exchange

Apr 20, 2014 / 7:46 am

TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (14,500.39 up 53.87 points):Bombardier Inc. (TSX:BBD.B). Aerospace. Down six cents, or 1.47 per cent, to $4.01 on 16.4 million shares.Osisko Mining Corp....

TSX advances amid mixed bag of U.S. earnings reports, positive economic data

Apr 20, 2014 / 7:46 am

TORONTO - The Toronto stock market closed higher Thursday as stocks continued to find lift from this week's positive Chinese and U.S. economic data, along with a generally upbeat slate of earnings news.The S&P/TSX composite index climbed 53.87 points to 14,500.39, led by gains in energy and mining...

More than 2/3 of US states had job gains in March, while unemployment rate fell in 21 states

Apr 20, 2014 / 7:46 am

WASHINGTON - More than two-thirds of the states reported job gains in March, as hiring has improved for much of the country during what has been a sluggish but sustained 4 1/2-year recovery.The Labor Department said Friday that unemployment rates dropped in 21 states, rose in 17 and were unchanged...

Record labels sue Internet radio provider Pandora over royalties for songs from before 1972

Apr 20, 2014 / 7:46 am

NEW YORK, N.Y. - Major record labels are suing Internet radio giant Pandora for copyright infringement for using songs recorded before 1972 without paying license fees.The labels, including divisions of Sony, Warner and Universal, argue that songs such as Aretha Franklin's "Respect" and the...

Mentors play important role in keeping entrepreneurs focused and accountable

Apr 20, 2014 / 7:46 am

TORONTO - It may have been a love of cats or rock climbing that first gave shape to a quirky business idea but, for many entrepreneurs, the difference between success and failure of their dream company often comes down to the support and advice they've received from mentors.That was the case for...

US delays review of Keystone XL pipeline, likely punting decision until after Election Day

Apr 20, 2014 / 7:46 am

WASHINGTON - The Obama administration is putting off its decision on the controversial Keystone XL oil pipeline, likely until after the November elections, indefinitely extending its review of the project.In a surprise announcement Friday as Washington was winding down for Easter, the State...

Fox executive fired after using company email to plan aid to kin of missing plane's passengers

Apr 20, 2014 / 7:46 am

NEW YORK, N.Y. - Fox has fired a veteran executive who used her company email account to plan aid for loved ones of the missing Malaysian airplane's passengers.Darlene Tipton says she emailed a woman whose boyfriend was aboard the plane to propose a fundraising effort. Tipton's idea was to bring...

Hall of Fame player, Trump, Bon Jovi among big names listed as Buffalo Bills' potential buyers

Apr 20, 2014 / 7:46 am

BUFFALO, N.Y. - Hall of Fame quarterback Jim Kelly is prepared to make a bid to buy the Buffalo Bills. Donald Trump's on board, too.Don't discount the family of Boston Bruins owner Jeremy Jacobs. And include New Jersey rocker Jon Bon Jovi's name for added spice.It's not every day — or every...

Traders look to another heavy slate of earnings news following solid gain

Apr 20, 2014 / 7:46 am

Investors hope markets can build on the respectable gains chalked up last week after getting reassurance about the Chinese and U.S. economies.Traders will again focus on corporate earnings as big Canadian companies start to release quarterly reports.North American markets racked up solid gains last...

U.S. investors warming up to Air Canada's promise, says New York analyst

Apr 20, 2014 / 7:46 am

MONTREAL - Air Canada's financial promise is piquing the interest of U.S. institutional investors seeking a way to profit from the turnaround of another North American carrier, according to a New York analyst.Helane Becker of Cowen and Company is optimistic that Air Canada's drive to cut costs by...

U.S. expert recommends boosting apprenticeships in Canada in new report

Apr 20, 2014 / 7:26 am

OTTAWA - 1A respected U.S. labour expert says governments, educators and employers should work together to boost the number of apprenticeships for young Canadians.Robert Lerman's report, commissioned by the Canadian Council of Chief Executives says such a collaborative approach would yield...

UnitedHealth's 1st-quarter profit tumbles 8 per cent, insurer cites overhaul costs

Apr 20, 2014 / 1:02 am

UnitedHealth Group's first-quarter net income slid 8 per cent as funding cuts to a key product and costs imposed by the health care overhaul dented the health insurer's performance.The Minnetonka, Minn., company said Thursday the overhaul and government budget cuts added about 35 cents per share in...

Mattel reports 1st quarter loss on weak sales of Barbie, weakness internationally

Apr 19, 2014 / 11:22 am

EL SEGUNDO, Calif. - Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss.Its shares fell almost 5 per cent in premarket trading.Toy makers are facing a weak environment globally due...

Post Holdings to acquire Michael Foods for $2.45 billion to expand range of food products

Apr 18, 2014 / 7:56 pm

ST. LOUIS - Cereal maker Post Holdings Inc. is buying fellow packaged food maker Michael Foods Inc. in a $2.45 billion deal that will expand Post's range of products.Privately held Michael Foods makes a variety of egg, potato and dairy products. Its brands include Papetti's, Crystal Farms and...

Sources: no Keystone XL pipeline this year

Apr 18, 2014 / 11:36 am

WASHINGTON - The Keystone XL pipeline will not be completed this year.The United States administration appears set to ignore the Canadian government's demand to make a decision soon on the controversial pipeline, so that construction could begin this summer.Sources say the administration will...

Mobilicity says Telus to acquire company for $350 million in proposed sale

Apr 18, 2014 / 10:18 am

TORONTO - Mobilicity says it has agreed to be purchased by Telus Corp. (TSX:T) for $350 million.Mobilicity says the proposed sale is subject to approval by the Ontario Superior Court of Justice, the Competition Bureau, Industry Canada, and Mobilicity's debtholders.Telus has twice tried to buy...

Six unions band together to fight 'devastating cuts' demanded by Liberals

Apr 18, 2014 / 12:20 am

TORONTO - Premier Kathleen Wynne likes to paint the Progressive Conservatives as the instigators of labour unrest, but she's the one waging war, union leaders said Wednesday.Six public sector unions representing about 57,000 members are issuing a call to arms and joining forces to fight what...

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