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Google exec's supersonic freefall from near-space sets skydiving records, breaks sound barrier

Oct 24, 2014 / 7:04 pm

ROSWELL, N.M. - Google executive Alan Eustace broke the sound barrier and set several skydiving records over the southern New Mexico desert early Friday after taking a big leap from the edge of space.Eustace's supersonic jump was part of a project by Paragon Space Development Corp. and its...

French court rules in favour of extraditing Kazakh dissident banker to either Russia or Ukraine

Oct 24, 2014 / 4:52 pm

PARIS - A French appeals court has authorized the extradition to Russia or Ukraine of a Kazakh dissident banker whose legal case is tangled up in at least five countries.His lawyer immediately announced a decision to appeal, which blocks the procedure.Mukhtar Ablyazov fled Kazakhstan amid the...

NBCUniversal settles with unpaid interns from 'Saturday Night Live,' other shows for $6.4M

Oct 24, 2014 / 2:56 pm

NEW YORK, N.Y. - Nearly 9,000 unpaid interns stand to benefit from a $6.4 million settlement with NBCUniversal over back wages.Unpaid interns who worked on "Saturday Night Live" and other shows brought a class action suit last July in Manhattan federal court claiming NBCUniversal violated the law...

Business Highlights

Oct 24, 2014 / 2:48 pm

___Market jolt is reality check for investorsNEW YORK (AP) — Sometimes a little fear is healthy for stock investors.A violent lurch lower nine days ago knocked the Standard & Poor's 500 index down as much as 7.4 per cent from its September peak as fears of a global economic slowdown...

Most actively traded companies on the TSX

Oct 24, 2014 / 2:08 pm

TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (14,543.82, up 56.99 points):Bombardier Inc. (TSX:BBD.B). Aerospace. Up five cents, or 1.32 per cent, to $3.83 on 8.2 million shares.MBAC Fertilizer Corp. (TSX:MBC). Agriculture. Down one...

Your ad here: Postmedia says luring advertisers a challenge as it posts Q4 loss

Oct 24, 2014 / 1:56 pm

TORONTO - Advertisers were still elusive for newspaper publisher Postmedia in the fourth quarter and executives say there hasn't been much improvement ahead of the key Christmas holiday shopping season."Unfortunately, the weakness in print advertising has persisted into the early portion of the...

Ford opts for Mexico instead of Ontario for engine plant, union says

Oct 24, 2014 / 1:44 pm

TORONTO - Ford Motor Co. has decided to build its new engine in Mexico after it was unable to reach a deal with the federal and Ontario governments to bring the investment to Windsor, Ont., Unifor said Friday.Both levels of government suggested that they would not provide public money for the...

Stocks up at end of positive week, indexes continue to recover from sell-off

Oct 24, 2014 / 1:36 pm

TORONTO - The Toronto stock market registered a solid gain Friday at the end of a positive week as share prices continue to recover from a sharp sell-off earlier this month.The S&P/TSX composite index ran up 56.99 points to 14,543.82 and the Canadian dollar was unchanged at 89.02 cents US.New York...

Canadian dollar flat ahead of Fed meeting, economic growth data

Oct 24, 2014 / 1:26 pm

TORONTO - The Canadian dollar closed flat Friday with markets cautious ahead of key economic happenings next week.The loonie ended the session at 89.02 cents US.The interest rate meeting of the U.S. Federal Reserve is the major event as markets will be curious to see if the Fed decides to postpone...

Chiquita shareholders reject plans to merge with Irish fruit importer Fyffes

Oct 24, 2014 / 10:42 am

CHARLOTTE, N.C. - Chiquita shareholders have rejected plans to merge with Irish fruit importer Fyffes that would have made the world's largest banana supplier.Chiquita Brands International Inc. said Friday that the shareholders didn't approve a revised transaction agreement between the two...

Procter & Gamble to split off its Duracell business as part of overhaul

Oct 24, 2014 / 10:42 am

NEW YORK, N.Y. - Procter & Gamble plans to remove its batteries and make Duracell a stand-alone company.The world's largest consumer products maker, which acquired Duracell in 2005, has been trimming its product lineup to focus on its top performers. After it finishes jettisoning more than half...

Sales of new US homes tick up 0.2 pct. in September; revisions wipe away much of August surge

Oct 24, 2014 / 10:42 am

WASHINGTON - U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.New-home sales edged up 0.2 per cent last month to a seasonally adjusted annual rate of 467,000, the Commerce Department reported Friday....

U.S. fund ValueAct discloses 5.7 stake in Calgary fertilizer giant Agrium

Oct 24, 2014 / 9:32 am

CALGARY - San Francisco-based fund ValueAct Capital has discloses to U.S. regulators that it has acquired a 5.7 per cent stake in Calgary fertilizer producer Agrium Inc. (TSX:AGU).In its 13D document, required whenever an investor buys more than five per cent of a company's shares, ValueAct does...

Premiers of Quebec and Ontario warn others not to write off Central Canada

Oct 24, 2014 / 9:08 am

NIAGARA-ON-THE-LAKE, Ont. - It's time to "put Central Canada back at the centre of the map," Quebec Premier Philippe Couillard said Friday as he vowed to work with Ontario to restore the influence of the country's two most populous provinces. "This is what my message is...

Conservatives introduce thick budget bill that includes unrelated items

Oct 24, 2014 / 5:52 am

OTTAWA - The Conservative government has introduced another mammoth omnibus budget bill that includes a grab-bag of measures, ranging from tax breaks for beekeepers to provisions banning cable companies from charging for paper bills. Much of the 458-page bill involves the complicated...

A royal tweet: Queen Elizabeth II removes glove, types on touchscreen to send first tweet

Oct 24, 2014 / 5:46 am

LONDON - Queen Elizabeth II has sent her first tweet — and she's signed it "Elizabeth R."The 88-year-old monarch tried her hand at Twitter as she opened a new gallery in central London's Science Museum Friday.The queen removed a glove to type on a touchscreen tablet, writing "I hope people...

Google's Kitchener, Ont. team helps rethink Gmail with mobile-inspired redesign

Oct 24, 2014 / 5:18 am

TORONTO - Google's Gmail has been given a new mobile-friendly look, and if users really like it, it could permanently replace the familiar, old-fashioned interface. Ten years after the birth of Gmail, Google is looking to reinvent the popular email service with an alternate experience called...

Enbridge stands ground, tells National Energy Board that Line 9 design is safe

Oct 24, 2014 / 5:12 am

CALGARY - Enbridge Inc. (TSX:ENB) insists in a regulatory filing that its design for the Line 9 pipeline through southern Ontario has the right shut-off valve configuration to minimize the risk to waterways and reservoirs in the event of a rupture.The Calgary-based company was responding to the...

Shakira partners with Fisher-Price to release baby toys, launches Web series for young moms

Oct 24, 2014 / 4:16 am

NEW YORK, N.Y. - Shakira is partnering with Fisher-Price to launch a line of baby toys as well as a Web series for moms. The Mattel, Inc.-owned company announced Friday that the First Steps collection of toys and baby gear would be available in November. Shakira co-developed six products,...

AMC Networks pays $200 million for 49.9 per cent stake in BBC America

Oct 23, 2014 / 4:00 pm

NEW YORK, N.Y. - AMC Networks Inc. said Thursday it will pay $200 million to acquire a stake in BBC America.The entertainment company known for shows such as "The Walking Dead" and "Mad Men" will have a 49.9 per cent equity stake in the cable channel that is home of shows such as "Doctor Who" and...

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What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...

Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...


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