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Business News

New High For Oil Prices

Jul 30, 2004 / 6:16 pm

Oil prices continued to climb on Friday, surging to another new high amid supply concerns. On the New York Mercantile Exchange, the September futures contract...

Russia Stops Oil Production

Jul 28, 2004 / 2:14 pm

Oil futures surged to a record high on Wednesday amid concerns Russia""s biggest oil producer may have to stop production. The September futures contract hit...

Employment Insurance Stats Down

Jul 27, 2004 / 5:00 pm

The estimated number of Canadians claiming Employment Insurance dropped slightly in May, Statistics Canada said Tuesday. The seasonally adjusted number...

Worm Attacks Google

Jul 26, 2004 / 4:21 pm

Google announced Monday it would set its initial public offering price between $108 and $135 per share -- and then promptly fell victim to an Internet worm that...

Beer Merger a Boon?

Jul 25, 2004 / 8:40 am

Canada""s independent brewers could cash in following the Molson-Coors merger Two of Canada""s Independent brewers, Moosehead Ltd. and Sleeman Breweries Ltd.,...

New iPod

Jul 24, 2004 / 9:25 am

Apple Computer Inc. has introduced its fourth-generation iPod portable music players Monday with lower prices and longer battery life. Apple says the new models...

Okanagan Indian Band Audited

Jul 23, 2004 / 4:25 pm

The Forest Practices Board will audit the forest planning and practices of the Okanagan Indian Band operating out of Vernon, in the Okanagan Shuswap Forest...

Molson Merges With Coors

Jul 22, 2004 / 9:39 am

Adolph Coors Co. Thursday announced a definitive agreement to merge with Canadian brewer Molson Inc. The so-called "merger of equals" will create the...

Fighting Modem Hijacking

Jul 21, 2004 / 4:45 pm

In the wake of a story in the media about a Penticton area woman who was charged $1,100 after her internet modem was hijacked, the Better Business Bureau has...

Bank Rate Unchanged

Jul 20, 2004 / 6:23 am

As expected, the Bank of Canada has left its key interest rate unchanged at 2%. However, the bank did hint that rates could go up, as early as the next rate...

Molson & Coors Talking Merger

Jul 19, 2004 / 12:00 pm

Talks of a merger between Canadian brewing giant Molson Inc. and American counterpart Adolph Coors Co. are heating up, according to a report Monday in the Wall...

BC Price Index Rises

Jul 18, 2004 / 10:00 am

BC""s all-items Consumer Price Index rose 2.8% during the 12-month period ending in June. This was the second straight month in which the province""s...

Inflation Rate Unchanged

Jul 17, 2004 / 12:36 pm

The annual inflation rate remained at 2.5 per cent in June, the same as it was in May, Statistics Canada reported on Friday. Gasoline prices were the main...

Martha Stewart Gets 5 Months

Jul 16, 2004 / 7:31 am

The sentence is in and Martha Stewart is going to jail. U.S. Federal Judge Miriam Cedarbaum has ordered Martha Stewart to serve a five-month prison term....

Westjet VP Resigns

Jul 15, 2004 / 1:04 pm

WestJet Airlines vice-president Mark Hill, one of the airline""s co-founders, resigned Wednesday amid allegations he obtained sensitive information about Air...

Summer Wine Festival Locked In

Jul 14, 2004 / 11:01 am

Silver Star Mountain Resort and the Okanagan Wine Festivals have reached a five year agreement from 2004 – 2008 to secure the host venue for the Okanagan...

Shaw Hits A Million Customers

Jul 14, 2004 / 5:30 am

On June 14, Shaw Cable topped the one million mark in Internet customers. Shaw is now giving back to the community of Kelowna through the donation of one year...

De Beers Guilty Of Price Fixing

Jul 13, 2004 / 3:12 pm

Diamond company De Beers pleaded guilty Tuesday to price fixing and agreed to a $10 million US fine. The move ends a 10-year-old case and paves the way for De...

Real Estate Sales Steady

Jul 13, 2004 / 6:45 am

According to the Okanagan Mainline Real Estate board, June""s real estate sales show very little in terms of a slowdown – in fact unit sales volume was...

Nasdaq Closes Montreal

Jul 11, 2004 / 7:47 am

The Canadian arm of the Nasdaq Stock Market Inc. is closing its office north of the border, the electronic exchange said Friday. Nasdaq will deal with the...

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