The third-largest U.S. automaker set the prices of its new gasoline-electric large sport-utility vehicles about US$5,000 lower than those of General Motors Corp. models that use the same technology.
Read full story
Western Canadian Coal Corp., a producer of the fuel in British Columbia, said its fiscal fourth-quarter loss widened as production costs climbed.
Read full story
Frontier Pacific Mining Corp. said it agreed to a revised takeover offer from Eldorado Gold Corp.
The bid includes 0.122 of an Eldorado share, $0.0001 in cash and one exchange receipt per Frontier Pacific share, Vancouver-based Frontier Pacific said today in a statement.
Read full story
ATS Automation Tooling Systems Inc. swung to a profit in the fourth quarter, as it restructured its business as part of a plan to return to profitability, the company said on Wednesday.
ATS, which makes manufacturing and other industrial equipment, said it earned $7.9-million, or 10 cents a share, in the three months ended March 31, compared with a loss of $80.8-million, or $1.35 cents a share, in the same period the year before.
Read full story
Global entertainment and media revenue is forecast rising by an average of 6.6% a year to US$2.2-trillion by 2012, boosted by advertising-supported digital and mobile media and an explosion in the adoption of broadband.
Read full story
An industry report released on Wednesday says the Canadian mining industry contributed almost $11-billion to the coffers of government in fiscal 2006, the most recent year to be calculated.
The sum is a 50% rise over the roughly $5.5-billion paid to the federal and provincial governments by the industry in 2005 thanks in large part to soaring prices for metals around the world, according to the report from the Mining Association of Canada.
Read full story
The economy will likely avoid a formal recession, but its outlook through the end of next year is decidedly “subprime” with the deep housing downturn restraining growth to just above 1%, a UCLA Anderson Forecast report released on Wednesday said.
Read full story
Many Canadians are not only cutting back on the use of their cars in the wake of surging gasoline prices but are also starting to change their food-buying habits in anticipation of higher food prices, according to new poll results.
Read full story
Morgan Stanley on Wednesday said quarterly earnings plunged 56% on trading losses and slowdown in investment banking, despite US$1.43 billion of pretax gains from asset sales.
Read full story
Doing Business Is a Battleë°ì¼ë¦¬NK, South Korea - 6 hours agoWild rice imported from Northeast Asia has been around 2300 won. With the broadcasting of news of the impending rice delivery from the US and the decline in …
Read full story