Business News
EU antitrust body clears BSkyB's bid to buy Italian, German sister pay TV networks
BRUSSELS - The European Union's antitrust authority says it has approved the bid by Britain's BSkyB to create a multinational pay TV network by taking control...
Dollarama to stick to winning formula as it expands towards 1,200 Canadian locations
MONTREAL - Discount retailer Dollarama says it plans to stick with its winning formula as its expands to 1,200 stores over the coming years by not offering more...
Smartphone company BlackBerry Ltd. acquires Movirtu, terms not disclosed
WATERLOO, Ont. - BlackBerry Ltd. says its acquisition of London-based Movirtu will give its business customers the tools to easily set up "virtual identities"...
South Korean President Park Geun-hye to make state visit to Canada Sept 20-22
OTTAWA - Prime Minister Stephen Harper says South Korean President Park Geun-hye will make a state visit to Canada Sept. 20-22.It's the first such visit by a...
Fire at potash mine forces nearly 100 miners into refuge station for eight hours
SASKATOON - A potash mine near Saskatoon has shut down for the day after a fire forced nearly 100 workers into a refuge station. Bill Johnson with Potash Corp....
Royal Bank of Scotland warns it's ready to move HQ to England in case of Scottish independence
LONDON - In a blow to the Scottish independence campaign, top financial groups including the Royal Bank of Scotland and Lloyds Banking Group say they will move...
Lululemon stretches profits
Lululemon Athletica Inc. reports a second-quarter profit of $48.7 million as the yoga wear retailer continues its efforts to recover from stumbles that have...
New housing price index unchanged in July, reports Statistics Canada
OTTAWA - Statistics Canada says its new housing price index for July remained unchanged from June after a 0.2 per cent increase the month before.The agency says...
Applications for US unemployment aid rise to highest in 10 weeks, though trend remains low
WASHINGTON - More people sought U.S. unemployment benefits last week, though the trend in benefit applications in the past month remained low.The Labor...
Baloney Meter: Is Harper government really spending more on military?
OTTAWA - "Canada has been increasing the defence spending, as I mentioned in London and elsewhere. It's up some 27 per cent since we took office. And more...
Consider changes to RRSPs, before provincial pension plan, says C.D. Howe
TORONTO - Ottawa is being urged to reconsider enhancing RRSPs as a way of getting more Canadians to save for retirement.The paper by the C.D. Howe Institute...
Finance Minister Joe Oliver to announce EI premium cut Thursday: Globe report
OTTAWA - There's a report that the Harper government will announce on Thursday that it's lowering Employment Insurance premiums.The Globe and Mail report says...
Doer: Alberta premier-designate Jim Prentice will have clout in Washington
CALGARY - Canada's ambassador to the United States says Alberta premier-designate Jim Prentice carries a lot of clout in Washington, where a parade of top...
Revel says developer has offered $90 million for casino that closed earlier this month
ATLANTIC CITY, N.J. - A Florida developer has offered $90 million for the Revel Casino Hotel that shut down last week, lawyers for the resort said Wednesday in...
Regulators reject US expert's call to shut down California nuclear plant for seismic study
LOS ANGELES, Calif. - The Nuclear Regulatory Commission on Wednesday rejected a senior federal expert's recommendation to shut down California's last operating...
Resource stocks punish TSX, traders ponder Fed rate moves, Scottish independence
TORONTO - The Toronto market closed lower Wednesday as the TSX felt the weight of falling energy and gold stocks.The S&P/TSX composite index dropped 64.92...
Kardashian store at The Mirage Hotel and Casino in Las Vegas closing after 3 years
LAS VEGAS, Nev. - After three years, the Kardashian family is closing a store at The Mirage Hotel and Casino in Las Vegas that was fashioned as a "celebrity...
GM went to great lengths to keep dealers informed, dealer lawsuit trial told
TORONTO - General Motors of Canada went to extraordinary lengths to keep its dealers informed about its restructuring plans in the aftermath of the financial...
New app lets restaurant patrons dine and dash before the bill comes — legally
TORONTO - Torontonians are being encouraged to dine and dash at a growing number of top restaurants — if they have the right app installed on...
Canadian dollar higher as traders look to Fed meeting, U.K. referendum
TORONTO - The Canadian dollar closed higher Wednesday ahead of next week's U.S. Federal Reserve meeting.The loonie gained 0.3 of a cent to 91.45 cents US,...