Business News
Migao says its Sichuan fertilizer operation had minor quake damage, shutdown
TORONTO - China-based potash producer Migao Corp. (TSX:MGO) says it had minor damage and a two-day shutdown at its Sichuan potassium nitrate plant due to the 7.9 magnitude earthquake that devastated c...
U.S. says it wants to ease global airline ownership rules to spur investment
WASHINGTON - The United States is proposing that dozens of countries ease their airline ownership rules in an effort to spur international investment in the industry, a U.S. State Department official ...
First Quantum Minerals reports Q1 profit of US$182 million, up from year ago
VANCOUVER - First Quantum Minerals Ltd. (TSX:FM) more than doubled its first-quarter profit compared with a year ago, the company said Tuesday. The Vancouver-based company, which keeps its books in...
Iran report pushes oil to new record near US$127 a barrel
NEW YORK - Oil prices shot to a new record near US$127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production. Gas prices, meanwhile, rose to a new record over US$3.73 a gall...
Video game maker Electronic Arts posts wider Q4 loss on charges
NEW YORK - Video game publisher Electronic Arts says its fiscal fourth-quarter net loss widened on a slew of charges, though adjusted results beat Wall Street's expectations. Redwood City, Calif.-b...
Energy stocks take TSX away from record level;NY mixed on retail data, oil spikes
TORONTO - The Toronto stock market closed lower Tuesday, unable to capitalize on a solid gain in the previous session that sent the TSX to a record high despite another spike in oil prices. Record ...
B.C. mining profits faded by almost half in 2007, still 'very positive': PwC
VANCOUVER - Mining profits in British Columbia fell by nearly half in 2007 due to a drop in coal prices, reduced shipments and the impact of the soaring Canadian dollar, but rising coal and metal pric...
General Motors plans to focus marketing on fuel efficiency
DETROIT - Conceding that the U.S. auto industry is in a recession and high gas prices are changing which vehicles people buy, General Motors Corp. said Tuesday it is shifting its marketing to focus mo...
Rona shares sink to five-year low as weak consumer confidence punishes Q1 earnings
MONTREAL - Shares of Canadian home renovation leader Rona Inc. (TSX:RON) sank to their lowest level in nearly five years Tuesday after weak consumer confidence and a slowdown in new home construction ...
McGuinty promises to review Ont. law on severance to plug loophole
TORONTO - Ontario's Employment Standards Act may have to be beefed up to stop companies from using a loophole to avoid paying severance, Premier Dalton McGuinty said Tuesday after complaints that some...
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