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Business News

Montreal law firm Heenan Blaikie, home to Trudeau, Chretien, closing down

Feb 5, 2014 / 8:04 pm

MONTREAL - Heenan Blaikie, one of the most prestigious law firms in Canada, is closing down.The firm, whose lawyers have included former prime ministers Pierre...

US stock market moves lower at midday following a modest recovery the day before

Feb 5, 2014 / 4:56 pm

The U.S. stock market is mostly lower in midday trading as a survey on hiring did little to ease uncertainty over the health of America's economy.The Dow Jones...

Drugmaker Merck's Q4 profit, sales fall due to generic competition, unfavourable exchange rates

Feb 5, 2014 / 2:48 pm

Merck & Co.'s fourth-quarter profit dropped 14 per cent, with its aggressive cost cutting not enough to offset restructuring charges, generic competition to...

Tories, looking to Germany, keen to do more on apprenticeship file

Feb 5, 2014 / 1:32 pm

OTTAWA - The Tories are looking to do more on apprenticeships.Employment Minister Jason Kenney frequently lauds Germany as a nation that gets it right in terms...

Discovery Channel to telecast attempted wingsuit flight off summit of Mount Everest in May

Feb 5, 2014 / 1:10 pm

NEW YORK, N.Y. - Discovery Channel plans a live broadcast of the first wingsuit flight off the summit of Mount Everest.High-altitude climber Joby Ogwyn will...

Survey: US businesses add 175,000 jobs in January, a sign of steady hiring

Feb 5, 2014 / 12:04 pm

WASHINGTON - A private survey shows that businesses added jobs at a modest pace in January, a sign that hiring may have rebounded after a disappointing figure...

Canada signs tax deal with U.S., allows CRA to collect info about U.S. residents

Feb 5, 2014 / 11:04 am

OTTAWA - The federal government says it has signed a deal with the United States over a new American law aimed at rooting out tax cheats north of the border.The...

Value of building permits down 4.1 per cent in December: StatsCan

Feb 5, 2014 / 10:52 am

OTTAWA - Statistics Canada says the value of building permits issued by municipalities declined 4.1 per cent to $6.5 billion in December, following a 6.6 per...

New regs announced for cellphone towers

Feb 5, 2014 / 10:08 am

OTTAWA - The federal government is expanding the rules governing construction of new cellphone towers.Industry Minister James Moore says wireless companies will...

JPMorgan Chase settles federal lawsuit over mortgage lending practices, agreeing to pay $614M

Feb 5, 2014 / 9:50 am

NEW YORK, N.Y. - The nation's largest bank, JPMorgan Chase & Co., will pay $614 million and improve mortgage lending practices under a deal announced Tuesday to...

SNC-Lavalin, WSP receive authorization to bid on public contracts in Quebec

Feb 5, 2014 / 9:26 am

MONTREAL - SNC-Lavalin and WSP Global, two of Quebec's largest engineering firms tainted by allegations of corruption and fraud, are now free to bid on public...

4 workers injured in Regina refinery explosion in 2011 file lawsuit

Feb 5, 2014 / 9:04 am

REGINA - Four workers injured in an explosion at a Regina refinery are suing the company.Kimberly Janvier, Irene Rombaut, Shawn Farrell and Sylvan Blake were...

Rush to balance books could delay Canada's economic recovery: NDP

Feb 5, 2014 / 8:18 am

OTTAWA - The New Democrats say the governing Conservatives' rush to balance the books could delay the economic recovery from the recession.NDP finance critic...

Work on Panama Canal expansion stops amid dispute over cost overruns

Feb 5, 2014 / 7:58 am

PANAMA CITY - Work on the ambitious Panama Canal expansion project has halted after talks broke down on how to settle a dispute over $1.6 billion in cost...

Microsoft names longtime insider to be new CEO, aims to focus on mobile and cloud technology

Microsoft names longtime insider to be new CEO, aims to focus on mobile and cloud technology

Feb 5, 2014 / 7:58 am

LOS ANGELES, Calif. - As longtime Microsoft insider Satya Nadella takes the company's helm, he is declaring a new focus on a "mobile-first, cloud-first...

'Fast & Furious' star Paul Walker's estate worth an estimated $25m; father placed in charge

Feb 5, 2014 / 7:40 am

SANTA BARBARA, Calif. - Paul Walker's teenage daughter is the sole beneficiary of the actor's estate, which is valued at an estimated $25 million, court records...

Police: 1 man dead, another arrested after fight over jukebox music at Las Vegas bar

Feb 5, 2014 / 6:08 am

LAS VEGAS, Nev. - A Las Vegas man is accused of killing another man in a fistfight after arguing with him about jukebox music at a bar.Police arrested Luis...

MTS's business division Allstream to open a technical support centre in Montreal

Feb 5, 2014 / 5:56 am

MONTREAL - The business division of Manitoba Telecom Services is expanding its Quebec operations and will open a technical support centre in Montreal, adding 50...

Most actively traded companies on the TSX, TSX Venture Exchange markets

Feb 5, 2014 / 5:46 am

TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (13,504.48 up 18.28...

Tories tackle broken military procurement system with incremental change

Feb 5, 2014 / 5:00 am

OTTAWA - The Harper government is taking a stab at fixing the country's broken military procurement system, opting for steady, incremental changes rather than a...

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