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Business News

Online or in cloud systems, privacy can be an elusive concept, as photo hacking case shows

Sep 3, 2014 / 2:50 am

As the celebrity photo-hacking scandal has made clear, privacy isn't what it used to be.Whether famous or seemingly anonymous, people from all walks of life put...

EU considering sports sanctions against Russia over Ukraine, but swift imposition unlikely

Sep 3, 2014 / 2:24 am

BRUSSELS - European Union nations are looking at sporting sanctions to punish Russia for its involvement in the Ukraine crisis but diplomats say the immediate...

Venezuela's president replaces longtime oil chief as part of cabinet shakeup

Sep 2, 2014 / 7:46 pm

CARACAS, Venezuela - President Nicolas Maduro has replaced the Venezuela's longtime oil minister and economic czar as part of a cabinet shakeup sidelining the...

California regulatory judges recommend $1.4B penalty against PG&E for deadly gas line blast

Sep 2, 2014 / 5:52 pm

SAN FRANCISCO - California regulatory judges recommended a $1.4 billion penalty on Tuesday — the largest safety-related levy ever against a public...

'Guardians of the Galaxy' boosts slumping summer box office as highest-grossing film this year

Sep 2, 2014 / 3:38 pm

LOS ANGELES, Calif. - "Guardians of the Galaxy" closed out the summer movie season with a first-place finish.Marvel's Disney-distributed space adventure...

Crescent Point snaps up Lightstream oil and gas assets for $378 million

Sep 2, 2014 / 3:08 pm

CALGARY - Crescent Point Energy Corp. (TSX:CPG) is bulking up its holdings in Saskatchewan and Manitoba through a $378-million deal with Lightstream Resources...

Former Sino-Forest execs should be judged by Canadian standards: OSC

Sep 2, 2014 / 2:32 pm

TORONTO - Five former top executives at Sino-Forest Corp., who accused of perpetuating a massive fraud, should be judged by Canadian standards even though the...

Resolute Forest Products closing Laurentide paper mill in Shawinigan, Que.

Sep 2, 2014 / 2:28 pm

MONTREAL - Resolute Forest Products says competition from a government-subsidized mill in Nova Scotia, higher operating costs and falling demand have forced the...

Most actively traded companies on the TSX

Sep 2, 2014 / 2:00 pm

Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,619.08, down 6.65 points):B2Gold Corp.(TSX:BTO)....

Norwegian goes black tie, buys high-end cruise line Prestige in deal valued at $3 billion

Sep 2, 2014 / 1:54 pm

NEW YORK, N.Y. - Norwegian Cruise Line is sailing into the luxury sector by buying the high-end Prestige Cruises International in a deal valued at about $3...

Resource stocks pull TSX down amid mixed manufacturing data, falling commodities

Resource stocks pull TSX down amid mixed manufacturing data, falling commodities

Sep 2, 2014 / 1:38 pm

TORONTO - Falling resource stocks left the Toronto stock market with a minor loss Tuesday amid mixed manufacturing data and tumbling oil and gold prices.The...

Canadian dollar declines ahead of Bank of Canada interest rate announcement

Canadian dollar declines ahead of Bank of Canada interest rate announcement

Sep 2, 2014 / 1:22 pm

TORONTO - The Canadian dollar closed lower Tuesday ahead of the scheduled announcement on interest rates by the Bank of Canada on Wednesday.The loonie declined...

Stocks end mostly lower as energy companies fall and investors await central bank meetings

Sep 2, 2014 / 1:14 pm

U.S. stocks are ending mostly lower as energy companies fall and investors look ahead to central bank meetings later this week.The Dow Jones industrial average...

Former sweetener company CEO pleads guilty to theft, fraud charges over failed Missouri plant

Sep 2, 2014 / 12:52 pm

ST. CHARLES, Mo. - The man who persuaded a rural Missouri town and the state to invest millions in bonds and incentives for an artificial sweetener plant that...

CSeries delivery challenges gets Bombardier downgraded by Goldman Sachs

Sep 2, 2014 / 12:16 pm

MONTREAL - Goldman Sachs has reiterated its downgrade of Bombardier (TSX:BBD.B) and shaved its stock price forecast even further amid expectations of additional...

Pembina announces deals to export propane from Oregon, access Bakken resource

Sep 2, 2014 / 11:56 am

CALGARY - Pembina Pipeline Corp. announced two deals Tuesday totalling more than US$1 billion that will enable it to export propane from the U.S. West Coast as...

New York attorney general accuses lender of refusing to lend to African-Americans in Buffalo

Sep 2, 2014 / 11:20 am

BUFFALO, N.Y. - A bank purposely avoided giving mortgages to African-Americans by locating all of its branches outside black neighbourhoods and directing...

US construction spending rebounds 1.8 per cent in July, biggest gain in more than 2 years

Sep 2, 2014 / 10:50 am

WASHINGTON - U.S. construction spending staged a strong rebound in July, rising by the largest amount in more than two years. All major categories of...

Dollar General lifts offer for Family Dollar to about $9.1B, willing to divest more stores

Sep 2, 2014 / 10:50 am

GOODLETTSVILLE, Tenn. - Dollar General upped its bid for the rival Family Dollar chain and addressed an earlier roadblock, saying that it will more than double...

Private equity firm Thoma Bravo to buy software developer Compuware for $2.5 billion

Sep 2, 2014 / 10:46 am

Private equity firm Thoma Bravo will spend about $2.5 billion to buy Compuware and take the software developer private.The companies said Tuesday that Compuware...

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