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            <![CDATA[CanadianBusiness.com: Recent News_and_markets Articles]]>
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        <ttl>10</ttl>
        <link>http://www.canadianbusiness.com/rss/news_and_markets</link>
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        <lastBuildDate>Thu, 24 May 2012 21:18:35 -0400</lastBuildDate>

        
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                      <title><![CDATA[Workers at Camrose steel plant accept four-year agreement with Evraz]]></title>
                     <description><![CDATA[CAMROSE, Alta. - A nearly three-week lockout at a steel plant in Camrose, Alta., has ended with the signing of a four-year collective agreement with the Canadian Auto Workers union. Evraz president Mike Rehwinkel says it was a rough negotiation and he appreciates the union's efforts to agree to a de]]></description>
                      <link>http://www.canadianbusiness.com/article/85451--workers-at-camrose-steel-plant-accept-four-year-agreement-with-evraz</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 21:08:00 -0400</pubDate>
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                      <title><![CDATA[Russel Metals to buy service centre Alberta Industrial Metals for $30M]]></title>
                     <description><![CDATA[TORONTO - Russel Metals Inc. (TSX:RUS) says it has an agreement to acquire Alberta Industrial Metals Ltd., a metals distribution and processing service centre in Red Deer, Alta., for $30 million. The Toronto-based metals distribution company said Thursday the acquisition includes the company's opera]]></description>
                      <link>http://www.canadianbusiness.com/article/85446--russel-metals-to-buy-service-centre-alberta-industrial-metals-for-30m</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 19:57:00 -0400</pubDate>
                      <guid isPermaLink="false">85446</guid>
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                      <title><![CDATA[Costco's 3rd-quarter net income climbs on lower asset charge; sales increase]]></title>
                     <description><![CDATA[ISSAQUAH, Wash. - Costco's fiscal third-quarter net income climbed 19 per cent on lower asset charges and the wholesale club pulled in more money from membership fees. The company posted earnings of $386 million, or 88 cents per share, for the period ended May 6. That's up from $324 million, or 73 c]]></description>
                      <link>http://www.canadianbusiness.com/article/85445--costco-s-3rd-quarter-net-income-climbs-on-lower-asset-charge-sales-increase</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 19:38:00 -0400</pubDate>
                      <guid isPermaLink="false">85445</guid>
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                      <title><![CDATA[Tiffany's reduces full-year outlook amid slowing demand; 1Q profit essentially flat]]></title>
                     <description><![CDATA[NEW YORK, N.Y. - Tiffany & Co., a bellwether of luxury spending, says its sales aren't rising as fast as last year in the U.S. or abroad, and the gift and jewelry chain cut its forecasts for sales and profit for the year. Tiffany delivered its lower outlook on Thursday as it reported first-quarter p]]></description>
                      <link>http://www.canadianbusiness.com/article/85337--tiffany-s-reduces-full-year-outlook-amid-slowing-demand-1q-profit-essentially-flat</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 19:32:00 -0400</pubDate>
                      <guid isPermaLink="false">85337</guid>
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                      <title><![CDATA[Warren Buffett promises hands-off approach to newspapers, says Berkshire Hathaway may buy more]]></title>
                     <description><![CDATA[OMAHA, Neb. - Warren Buffett says his company is likely to buy more newspapers in the next few years, and Berkshire Hathaway will not try to influence the editorial policies of any of them. Buffett wrote a memo this week to the editors and publishers of all of Berkshire's daily newspapers. That grou]]></description>
                      <link>http://www.canadianbusiness.com/article/85408--warren-buffett-promises-hands-off-approach-to-newspapers-says-berkshire-hathaway-may-buy-more</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 19:32:00 -0400</pubDate>
                      <guid isPermaLink="false">85408</guid>
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                      <title><![CDATA[Morgan Stanley to make price adjustments for Facebook IPO investors who overpaid]]></title>
                     <description><![CDATA[NEW YORK, N.Y. - Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter. The person said the firm is reviewing orders its]]></description>
                      <link>http://www.canadianbusiness.com/article/85423--morgan-stanley-to-make-price-adjustments-for-facebook-ipo-investors-who-overpaid</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 19:31:00 -0400</pubDate>
                      <guid isPermaLink="false">85423</guid>
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                      <title><![CDATA[Report: Lehman bankruptcy estate inks deal to buy additional stake in Archstone]]></title>
                     <description><![CDATA[NEW YORK, N.Y. - The Wall Street Journal is reporting that Lehman Brothers Holdings Inc.'s bankruptcy estate has reached a deal to acquire a bigger stake in apartment-building owner Archstone for $1.58 billion. The report on the newspaper's website Thursday cites unnamed persons familiar with the ma]]></description>
                      <link>http://www.canadianbusiness.com/article/85442--report-lehman-bankruptcy-estate-inks-deal-to-buy-additional-stake-in-archstone</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 19:30:00 -0400</pubDate>
                      <guid isPermaLink="false">85442</guid>
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                      <title><![CDATA[Oil sands company raises $11M, will start 1st US commercial production of tar sands in Utah]]></title>
                     <description><![CDATA[SALT LAKE CITY - A tiny Canadian company announced Thursday it had raised enough money to start producing oil from Utah's tar sands for a first-of-its kind project in the U.S. U.S. Oil Sands Inc. said it raised $11 million from a stock offering and will get started this summer on plans to dig a 62-a]]></description>
                      <link>http://www.canadianbusiness.com/article/85443--oil-sands-company-raises-11m-will-start-1st-us-commercial-production-of-tar-sands-in-utah</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 19:30:00 -0400</pubDate>
                      <guid isPermaLink="false">85443</guid>
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                      <title><![CDATA[Hopping Mad: Broadcasters Fox, NBC, CBS sue Dish over ad-skipping DVR known as the Hopper]]></title>
                     <description><![CDATA[LOS ANGELES, Calif. - Broadcasters Fox, NBC and CBS sued Dish Network Corp. on Thursday over a service that offers commercial-free TV. Dish, the nation's second-largest satellite TV provider, filed a suit of its own seeking a judicial all-clear for its "AutoHop" ad-skipping technology. Dish said the]]></description>
                      <link>http://www.canadianbusiness.com/article/85444--hopping-mad-broadcasters-fox-nbc-cbs-sue-dish-over-ad-skipping-dvr-known-as-the-hopper</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 19:30:00 -0400</pubDate>
                      <guid isPermaLink="false">85444</guid>
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                      <title><![CDATA[European leaders fail to agree new steps to save Greece  -  but markets may force their hand]]></title>
                     <description><![CDATA[ATHENS, Greece - European leaders insist they want to keep Greece in the eurozone, but are putting off any agreement on how they hope to accomplish that. Greece says it, too, wants to stay in the eurozone, but until after elections it's uncertain whether it can implement the austerity that Europe ha]]></description>
                      <link>http://www.canadianbusiness.com/article/85410--european-leaders-fail-to-agree-new-steps-to-save-greece-but-markets-may-force-their-hand</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 19:29:00 -0400</pubDate>
                      <guid isPermaLink="false">85410</guid>
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                      <title><![CDATA[TD, BMO join RBC in lowering mortgage rate; 5-year fixed falls to 5.34%]]></title>
                     <description><![CDATA[TORONTO - Two more big banks on Thursday lowered their five-year fixed mortgage rates. TD (TSX:TD) and Bank of Montreal (TSX:BMO) dropped their five-year rates by a tenth of a percentage point to 5.34 per cent, matching a rate announced Wednesday by the Royal Bank (TSX:RY). TD and BMO's new rates ki]]></description>
                      <link>http://www.canadianbusiness.com/article/85441--td-bmo-join-rbc-in-lowering-mortgage-rate-5-year-fixed-falls-to-5-34</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 19:28:00 -0400</pubDate>
                      <guid isPermaLink="false">85441</guid>
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                      <title><![CDATA[QLT outlines growth plan to investors amid dissident plan to oust board]]></title>
                     <description><![CDATA[VANCOUVER - QLT Inc. (TSX:QLT) has released details of a plan to increase shareholder value including key drug developments and a share repurchase program as the biotechnology developer tries to fend off a push to install new directors. The company announced the plan late Thursday, hours after it sa]]></description>
                      <link>http://www.canadianbusiness.com/article/85395--qlt-outlines-growth-plan-to-investors-amid-dissident-plan-to-oust-board</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 19:14:00 -0400</pubDate>
                      <guid isPermaLink="false">85395</guid>
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                      <title><![CDATA[Premier McGuinty announces $1-billion eastward extension of Highway 407]]></title>
                     <description><![CDATA[WOODBRIDGE, Ont. - Drivers in the Toronto area will have a new route reaching east of the city, but it's expected to be more than three years before the new toll road is built. Work will begin this fall on the long-promised extension of Highway 407 East, a 22-kilometre stretch from Brock Road in Pic]]></description>
                      <link>http://www.canadianbusiness.com/article/85420--premier-mcguinty-announces-1-billion-eastward-extension-of-highway-407</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 18:43:00 -0400</pubDate>
                      <guid isPermaLink="false">85420</guid>
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                      <title><![CDATA[UN climate talks deadlocked in Bonn as divisions between rich and poor nations reopen]]></title>
                     <description><![CDATA[BONN, Germany - U.N. climate talks ran into gridlock Thursday as a widening rift between rich and poor countries risked undoing some advances made last year in the decades-long effort to control carbon emissions that scientists say are overheating the planet. As so often in the slow-moving negotiati]]></description>
                      <link>http://www.canadianbusiness.com/article/85438--un-climate-talks-deadlocked-in-bonn-as-divisions-between-rich-and-poor-nations-reopen</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 18:26:00 -0400</pubDate>
                      <guid isPermaLink="false">85438</guid>
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                      <title><![CDATA[Ontario asks Harper to help develop massive Ring of Fire mining project]]></title>
                     <description><![CDATA[TORONTO - Ontario needs Ottawa's help to develop the Ring of Fire in the province's north, Premier Dalton McGuinty said Thursday. The premier said he met with Prime Minister Stephen Harper on Tuesday to talk about how they could work together on the massive mining project about 500 kilometres north]]></description>
                      <link>http://www.canadianbusiness.com/article/85414--ontario-asks-harper-to-help-develop-massive-ring-of-fire-mining-project</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 18:13:00 -0400</pubDate>
                      <guid isPermaLink="false">85414</guid>
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                      <title><![CDATA[The Times-Picayune to cut print papers to 3 days a week amid industry's digital age struggles]]></title>
                     <description><![CDATA[NEW ORLEANS - The Times-Picayune, one of the nation's oldest newspapers, will no longer offer print editions seven days a week and instead plans to offer three printed issues a week starting in the fall. The change means New Orleans would become the largest metro area in the nation without a daily n]]></description>
                      <link>http://www.canadianbusiness.com/article/85422--the-times-picayune-to-cut-print-papers-to-3-days-a-week-amid-industry-s-digital-age-struggles</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 17:58:00 -0400</pubDate>
                      <guid isPermaLink="false">85422</guid>
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                      <title><![CDATA[Jet engine maker Pratt & Whitney cuts 300 US jobs, citing business conditions]]></title>
                     <description><![CDATA[EAST HARTFORD, Conn. - Jet engine maker Pratt & Whitney is cutting 300 salaried jobs in the United States, including 200 in Connecticut. The Connecticut-based subsidiary of United Technologies Corp. said the cuts come as it tries to keep staffing in line with business and economic conditions. A comp]]></description>
                      <link>http://www.canadianbusiness.com/article/85417--jet-engine-maker-pratt-whitney-cuts-300-us-jobs-citing-business-conditions</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 17:54:00 -0400</pubDate>
                      <guid isPermaLink="false">85417</guid>
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                      <title><![CDATA[Astral shareholders approve sale to BCE but block premium to founding family]]></title>
                     <description><![CDATA[MONTREAL - The failure of Astral Media shareholders to endorse a special $25-million premium to company founder Ian Greenberg doesn't constitute a failure, chairman Andre Bureau said Thursday. Shareholders overwhelmingly approved the $3.4-billion acquisition of the TV, radio and billboard company by]]></description>
                      <link>http://www.canadianbusiness.com/article/85379--astral-shareholders-approve-sale-to-bce-but-block-premium-to-founding-family</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 17:51:00 -0400</pubDate>
                      <guid isPermaLink="false">85379</guid>
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                      <title><![CDATA[B.C. securities regulators request public comment on Maple bid for TMX Group]]></title>
                     <description><![CDATA[VANCOUVER - The B.C. Securities Commission has published their proposed conditions for approving the Maple Group Acquisition Corp.'s proposed $3.8-billion takeover of TMX Group. The provincial securities regulator said Thursday it will now seek feedback from the public on whether or not it should gr]]></description>
                      <link>http://www.canadianbusiness.com/article/85421--b-c-securities-regulators-request-public-comment-on-maple-bid-for-tmx-group</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 17:48:00 -0400</pubDate>
                      <guid isPermaLink="false">85421</guid>
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                      <title><![CDATA[CP Rail customers looking at alternatives on Day 2 of Teamsters strike]]></title>
                     <description><![CDATA[CALGARY - Companies that rely on Canadian Pacific Railway to move their products across the country were looking at their alternatives on Day 2 of a walkout by 4,800 employees. CP (TSX:CP) suspended all freight shipments in Canada — affecting oil, coal, automotive, fertilizer and lumber industries,]]></description>
                      <link>http://www.canadianbusiness.com/article/85376--cp-rail-customers-looking-at-alternatives-on-day-2-of-teamsters-strike</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 17:41:00 -0400</pubDate>
                      <guid isPermaLink="false">85376</guid>
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                      <title><![CDATA[Most actively traded companies on the TSX, TSX Venture Exchange markets]]></title>
                     <description><![CDATA[TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (11,566.07, up 1.27 points): Manulife Financial Corp. (TSX:MFC). Insurer. Up 14 cents, or 1.25 per cent, at $11.37 on 6,098,976 shares. Osisko Mining Corp. (]]></description>
                      <link>http://www.canadianbusiness.com/article/85419--most-actively-traded-companies-on-the-tsx-tsx-venture-exchange-markets</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 17:03:00 -0400</pubDate>
                      <guid isPermaLink="false">85419</guid>
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                      <title><![CDATA[Genivar says its global expansion won't be hampered by Quebec corruption cloud]]></title>
                     <description><![CDATA[MONTREAL - Genivar Inc. says ambitious plans to expand its engineering and construction consulting business won't be hampered by the corruption cloud that's hanging over Quebec's construction industry. Chief executive Pierre Shoiry said Thursday that he welcomes efforts by the provincially-appointed]]></description>
                      <link>http://www.canadianbusiness.com/article/85396--genivar-says-its-global-expansion-won-t-be-hampered-by-quebec-corruption-cloud</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 17:00:00 -0400</pubDate>
                      <guid isPermaLink="false">85396</guid>
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                      <title><![CDATA[New EI rules take aim at frequent users, force workers to accept lower pay]]></title>
                     <description><![CDATA[OTTAWA - The Harper Conservatives came under fire Thursday moments after introducing new rules that would force the jobless seeking employment insurance to take lower paying jobs — for some, in unrelated occupations. The changes to the employment insurance program will impact all jobless Canadians w]]></description>
                      <link>http://www.canadianbusiness.com/article/85365--new-ei-rules-take-aim-at-frequent-users-force-workers-to-accept-lower-pay</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 16:50:00 -0400</pubDate>
                      <guid isPermaLink="false">85365</guid>
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                      <title><![CDATA[TD Bank says second-quarter profits rise 21 per cent, cautions in its outlook]]></title>
                     <description><![CDATA[TORONTO - TD Bank (TSX:TD) says stronger results from its retail operations in Canada and the United States helped drive profit up nearly 21 per cent in the second quarter, but the bank cautioned about the ability to maintain that pace for the remainder of the year. The Toronto-based bank had a prof]]></description>
                      <link>http://www.canadianbusiness.com/article/85326--td-bank-says-second-quarter-profits-rise-21-per-cent-cautions-in-its-outlook</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 16:48:00 -0400</pubDate>
                      <guid isPermaLink="false">85326</guid>
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                      <title><![CDATA[Toronto stock market closes flat after two days of bargain hunting]]></title>
                     <description><![CDATA[TORONTO - The Toronto stock market closed flat as a third day of bargain hunting fizzled, trumped by uncertainty about the future of the eurozone. Commodity prices rose even as European Union leaders ended their one-day summit no closer to finding a solution to the region's worsening government debt]]></description>
                      <link>http://www.canadianbusiness.com/article/85332--toronto-stock-market-closes-flat-after-two-days-of-bargain-hunting</link>
                      <category>News</category>
                      <pubDate>Thu, 24 May 2012 16:46:00 -0400</pubDate>
                      <guid isPermaLink="false">85332</guid>
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