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Business News

IMF director talks deficit cuts

May 7, 2012 / 1:08 pm

The head of the International Monetary Fund on Monday urged indebted countries in Europe and elsewhere to reduce their budget deficits only gradually to avoid...

Abbott Labs agrees to pay $1.5 billion

May 7, 2012 / 1:07 pm

Abbott Laboratories has pleaded guilty and agreed to pay $1.5 billion over allegations that it promoted the anti-seizure drug Depakote for uses that were not...

Oil drops to below $98 in Europe

May 7, 2012 / 8:39 am

Oil prices continued a three-day slide and fell below US$98 a barrel Monday as a slowdown in U.S. hiring and election results in Europe dimmed expectations of...

Stock markets lower on eurozone risk

May 7, 2012 / 7:06 am

The Toronto stock market is negative after elections in France and Greece over the weekend resulted in another round of uncertainty about Europe's debt...

Lower loonie after Europe elections

May 7, 2012 / 6:29 am

The Canadian dollar was slightly lower Monday as oil prices continued to decline and traders avoided risk in the wake of weekend elections that saw ruling...

Buffett's health little worry to investors

May 5, 2012 / 11:00 am

While 81-year-old Warren Buffett's health has been on investors' minds, many shareholders at Berkshire Hathaway's annual meeting said Saturday that...

Murdoch scandal has familiar ring

May 5, 2012 / 10:00 am

If the phone-hacking scandal gripping Rupert Murdoch's News Corp. empire has a familiar ring, it might be because you've heard the story before. ...

Air Canada sees brighter future ahead

May 4, 2012 / 11:00 pm

Air Canada believes it can eventually turn its first profit in years by moving past the labour disruptions that have damaged its brand to transform the airline...

Harper sees spin-offs from F-35s

May 4, 2012 / 10:30 pm

The Harper government says it will look for further opportunities to boost industrial benefits from the F-35 stealth fighter program. Industry Canada has...

Conrad Black returns to Toronto

May 4, 2012 / 9:58 pm

A warm homecoming kiss from wife Barbara Amiel greeted Conrad Black at his Toronto home Friday, just hours after the disgraced media baron, jailed for years on...

New health solution comes to Kelowna

New health solution comes to Kelowna

May 4, 2012 / 2:00 pm

As soon as you walk in the doors of the Herbs To Wellness Naturopathic Wellness Clinic, located at 434 Cedar Avenue (KLO turns into Cedar just past Pandosy),...

LinkedIn buying SlideShare for $119M

May 4, 2012 / 5:42 am

LinkedIn Corp. said Thursday that its first-quarter profit more than doubled, and the business networking company is buying presentation sharing website...

Interfor posts first-quarter net loss

May 3, 2012 / 8:51 pm

Lumber producer International Forest Products Ltd. (TSX:IFP.A) reported a first-quarter net loss of $6.5 million as it dealt with higher log costs. The...

BC changes 1st Nations investment law

May 3, 2012 / 7:58 pm

The British Columbia government introduced legislation Thursday that it says will soothe the fears of investors and clear the way for aboriginal...

Ritchie Bros. auction up huge profits

May 3, 2012 / 10:18 am

Pent up demand for industrial equipment as a result of manufacturer backlogs helped Ritchie Bros. Auctioneers Inc. (TSX:RBA) put the hammer down on impressive...

The cloud around SNC-Lavalin

May 3, 2012 / 10:04 am

SNC-Lavalin is attempting to reassure shareholders that the engineering giant hasn't been hurt by accusations that have sullied its global reputation and...

Enbridge Gas goes to court

May 3, 2012 / 9:51 am

Enbridge Gas New Brunswick is asking the courts to overturn new regulations that it says will stifle growth of the province's pipeline network and force the...

Loonie down, commodities decline

May 3, 2012 / 9:50 am

The Canadian dollar was gave up early gains Thursday as losses in commodity prices picked up in the wake of a disappointing read on the American...

Retailers report bad sales performance

May 3, 2012 / 9:46 am

Americans' spending, much like the economy, continues to yo-yo. Major retailers such as Costco and Macy's reported on Thursday that April revenue rose...

BlackBerry attempts to recover from recent bruises

May 3, 2012 / 7:39 am

Amid the palm trees and theme parks of sunny Orlando, the Canadian company that once revolutionized the mobile phone industry spent a very expensive week trying...

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