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Topics  News & Markets OSC launches new insider trading probe; high-profile mining exec named By The Canadian Press  | February 07, 2012 TORONTO - The Ontario Securities Commission has launched an insider trading probe involving a former employee of venerable Canadian investment bank GMP Securities. The probe, alleging illegal profits totalling some $962,000, centres on Eda Marie Agueci, a former executive assistant at...
In Yahoo board shake-up, chairman, 3 others leave, blamed by shareholders for company woesFILE - In this Jan. 4, 2012 file photo, the company logo is displayed at Yahoo headquarters in Sunnyvale, Calif. Yahoo Inc. on Tuesday, Feb. 7, 2012 announced that Chairman Roy Bostock and three longtime board members are stepping down, fulfilling the wishes of many frustrated shareholders who believe the directors have been part of the problem that has dragged down the Internet company's revenue and stock price. (AP Photo/Paul Sakuma, File)
Topics  News & Markets In Yahoo board shake-up, chairman, 3 others leave, blamed by shareholders for company woes By Michael Liedtke, The Associated Press  | February 07, 2012 SAN FRANCISCO - Yahoo Chairman Roy Bostock and three longtime board members are stepping down, submitting to the demands of many frustrated shareholders who blame them for not fixing the problems dragging down the Internet company's revenue and stock price. The shake-up announced...
Greek debt talks drag on but banks signal progress on bond-swap deal to forgive some debtShoppers are seen on Athens' main commercial Ermou Street, on Monday, Feb. 6, 2012. Parties backing Greece's coalition government will hold a second day of emergency talks Monday on a vital austerity deal with rescue creditors, after a weekend of negotiations failed to produce the breakthrough needed to avert bankruptcy in March. (AP Photo/Dimitri Messinis)
Topics  News & Markets Greek debt talks drag on but banks signal progress on bond-swap deal to forgive some debt By Derek Gatopoulos,Gabriele Steinhauser, The Associated Press  | February 07, 2012 ATHENS, Greece - Greece's private creditors signalled progress late Tuesday on a debt-relief deal but crucial talks between Greek coalition leaders about forcing more austerity upon a hostile public were again postponed. Anger flared on the streets of Athens as more than 20,000...
Disney 1st-quarter revenue misses analyst estimates but profits beat expectationsIn this Feb. 6, 2012 photo, Ruben Castensson, from Stockholm, Sweden, poses with Mickey Mouse at The Disney Soda Fountain & Studio Store on Hollywood Boulevard in Los Angeles. Walt Disney Co. releases quarterly financial earnings Tuesday, Feb. 7, 2012, after the market close. (AP Photo/Damian Dovarganes)
Topics  News & Markets Disney 1st-quarter revenue misses analyst estimates but profits beat expectations By Ryan Nakashima, The Associated Press  | February 07, 2012 LOS ANGELES, Calif. - The Walt Disney Co. said Tuesday that its net income rose 12 per cent in the final quarter of 2011, as cost cutting helped the company top earnings forecasts even while revenue gains were less than expected. Net income in the October through December period rose...
RIM up against 'bring your own device' trend in workplace where it dominatedA camera woman films offices of Research in Motion (RIM), the makers of Blackberry, in Slough, England, Oct. 12, 2011. THE CANADIAN PRESS/AP, Matt Dunham
Topics  News & Markets RIM up against 'bring your own device' trend in workplace where it dominated By LuAnn LaSalle, The Canadian Press  | February 07, 2012 Energy services giant Halliburton Co.'s move to replace BlackBerry smartphones with Apple's iPhones continues a trend that has been eating away at Research In Motion's traditionally dominant position in the workplace, analysts said Tuesday. In another shot to the troubled Canadian...
Topics  News & Markets Spur shareholders OK sale of chemicals unit for $9.25M to Cayman Island company By The Canadian Press  | February 07, 2012 VANCOUVER - Spur Ventures Inc. (TSX:SVU), a junior Vancouver company, says its shareholders have approved a deal to sell its wholly owned chemicals unit to Hong Tang Vision Ltd., a Cayman Islands company. The pricetag of the sale is $9.25 million in cash, Spur said late Tuesday. The...
Topics  News & Markets Maple Leaf Foods closing plant in Ayr, Ont., cutting about 100 jobs By The Canadian Press  | February 07, 2012 TORONTO - Maple Leaf Foods (TSX:MFI) is closing a chicken processing plant in Ayr, Ont., in a move that will result in the net loss of about 100 jobs. The company said Tuesday the streamlining is part of a plan to consolidate the company's poultry operations at its Brantford and...
Topics  News & Markets Ballard signs deal with WEG to develop fuel cell market in Brazil By The Canadian Press  | February 07, 2012 VANCOUVER - Ballard Power Systems (TSX:BLD) has signed a non-binding deal with WEG Industries (Brazil), to develop the market for clean energy fuel cell products in the South American country. The companies said in a joint release late Tuesday they will work together to expand into...
Topics  News & Markets Most actively traded companies on the TSX, TSX Venture Exchange markets By The Canadian Press  | February 07, 2012 TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,512.42, down 47.43 points): Bombardier Inc. (TSX:BBD.B). Transportation equipment. Up nine cents, or 1.93 per cent, at $4.75 on 8,862,715...
Retail profits, higher salaries at heart of price gap with U.S.: manufacturersShoppers walk past a sale sign in a mall in Ottawa on December 21, 2010. THE CANADIAN PRESS/Pawel Dwulit
Topics  News & Markets Retail profits, higher salaries at heart of price gap with U.S.: manufacturers By Julian Beltrame, The Canadian Press  | February 07, 2012 OTTAWA - There are many reasons why retailers charge consumers more in Canada than they do in the United States, but one is simply that they can, witnesses told a Senate committee Tuesday. Representatives of Canada's manufacturers and consumer advocacy groups focused on the same point...
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