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Business News

Alitalia""s Future

Sep 6, 2004 / 11:05 am

The future of Italian flagship carrier Alitalia is at stake in a meeting with unions Monday to reveal the number of planned job cuts as part of a restructuring...

Unemployment Drops In U.S.

Sep 5, 2004 / 11:07 am

The U.S. unemployment rate dipped slightly to 5.4 per cent from the 5.5 per cent seen in July. The U.S. Labour Department said 144,000 new jobs were added to...

Canada Savings Bonds Stay

Sep 4, 2004 / 12:26 pm

The federal government says it won't phase out its Canada Savings Bonds program, which has helped Canadians build nest eggs since 1946, despite a consultant's...

Terasen Gas New Pricing Option

Sep 2, 2004 / 4:56 pm

Terasen Gas is introducing a new pricing option that allows residential customers to lock in the commodity price of natural gas for one year. (Click on the link...

Kelowna Company Lands Huge Contract

Aug 31, 2004 / 4:40 pm

Pacific Safety Products has landed another big contract. Public Works and Government Services Canada has awarded PSP a $24 million contract to supply biological...

Oil Prices Tumbling

Oil Prices Tumbling

Aug 30, 2004 / 2:08 pm

Oil prices continued to drop on Monday, despite a series of pipeline attacks in southern Iraq that could halt shipments for up to a week. On the New York...

Big Additions At Big White

Big Additions At Big White

Aug 30, 2004 / 5:00 am

Big White is putting the finishing touches on its latest addition -- Telus Park. VP Michael J. Ballingall says the locals will be surprised. "I guess Telus Park...

Royal Bank Earnings Slip

Aug 29, 2004 / 11:47 am

Royal Bank saw its net profit shrink by one per cent in the third quarter, as the country's biggest bank reported earnings of $768 million. Royal said it made...

IWA+Steelworkers Merge

Aug 28, 2004 / 10:55 am

The Industrial, Wood and Allied Workers have voted to merge with the United Steelworkers of America, creating Canada's largest private-sector labour union....

Cost Of Living In Kelowna

Cost Of Living In Kelowna

Aug 26, 2004 / 11:51 am

The steak is cheaper but the gas prices are not. A new study released by the Economic Development Commission reveals Kelowna residents are paying considerably...

Inflation Slightly Down

Inflation Slightly Down

Aug 24, 2004 / 4:48 pm

A smaller increase in gasoline prices helped bring the annual rate of inflation down slightly in July. It stood at 2.3 per cent last month, down from the 2.5...

Good News For Air Canada

Aug 23, 2004 / 5:37 pm

Air Canada took one more step on Monday towards emerging from creditor protection as an Ontario court approved its restructuring plan. Justice James Farley of...

Tobin Leaves Magna

Aug 22, 2004 / 12:49 pm

Brian Tobin, former Newfoundland and Labrador premier and former federal cabinet minister, has resigned from the Magna group, the company announced Friday after...

Oil Price Reduced

Aug 21, 2004 / 12:06 pm

Oil prices pulled back from their new highs on Friday, after setting records in 15 of the last 16 trading sessions. After hitting an intraday high of $49.40 US...

Google Gets Real

Aug 18, 2004 / 5:19 pm

Internet search engine Google made a surprise move on Wednesday as it pared back its initial public offering. In an early morning e-mail to investors, Google...

RCMP Investigate NORTEL

Aug 17, 2004 / 2:37 pm

The RCMP has launched a criminal investigation into accounting practices at Nortel Networks Corp. In April, Nortel fired several top executives, including CEO...

Oil Price Eases

Aug 16, 2004 / 5:29 pm

Oil prices eased Monday from recent record highs on news Venezuelan President Hugo Chavez emerged victorious from a recall referendum Sunday. The September...

Loonie Rises

Aug 15, 2004 / 12:43 pm

The Canadian dollar took flight on Friday, climbing more than a cent in the wake of weaker-than-expected U.S. trade data. The loonie was up 1.21 cents US at...

Google IPO Auction

Aug 14, 2004 / 11:04 am

Internet search engine Google launched the online auction of its initial public offering of shares Friday. Based in Mountain View, Calif., Google is expecting...

Target Buying Hudsons Bay Co.

Target Buying Hudson""s Bay Co.

Aug 13, 2004 / 4:16 pm

Hudson's Bay Co. shares rose more than 5 per cent, amid reports that U.S. department store chain Target is in talks to buy the company. Shares of 334-year-old...

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