Business News
Google says Bell Canada should cease 'throttling' issue of Internet use
OTTAWA - Internet search giant Google Inc. has blasted BCE Inc.'s Bell Canada (TSX:BCE) for seeking to limit traffic originated by customers of independent rivals that buy capacity on the phone compan...
International airline Icelandair scales back service from Halifax
HALIFAX - Icelandair is suspending its winter service from Halifax, citing economic factors. The international airline says departments, employee numbers and schedules are being decreased throughou...
Shell abandons plans for heavy oil refinery near Sarnia, Ont.
SARNIA, Ont. - Shell Canada has abandoned plans for a multibillion-dollar heavy oil refinery near Sarnia, Ont. that would have processed millions of barrels of crude produced from the company's oilsan...
Wolverine Tube sells Canadian plumbing tube business for US$42 million
HUNTSVILLE, Ala. - Wolverine Tube Inc. (OTCBB:WLVT) said Tuesday that it has sold its Canadian plumbing tube unit for US$42 million in cash in a move to help focus its business on energy efficient hea...
TSX racks up triple digit loss on falling commodities;lower oil helps lift NY
TORONTO - Falling commodity stocks punished the Toronto stock market for a third session mid-afternoon Tuesday amid worries about slowing economies and rising inflation. Oil prices continued to tum...
Bank of Canada ends cash injections, cites improving credit conditions
OTTAWA - The Bank of Canada has signalled that the worst of the financial crisis is over in Canada, saying Tuesday it will quit offering short-term emergency funding for chartered banks. The decisi...
Gildan class-action lawsuits won't have material impact on results, says analyst
MONTREAL - Shares of Gildan Inc. (TSX:GIL) have fallen nearly 15 since it was accused of failing to warn investors of production problems, but liability insurance will help prevent class-action lawsui...
Gold Port Resources acquires C-59 project in Guyana
VANCOUVER - Gold Port Resources Ltd. (TSXV:GPO), a Vancouver-based junior gold miner, says it has struck two option deals to acquire the C-59 C-60 gold projects in Cuyuni, Guyana. Under a transacti...
Azure Dynamics signs three sales and service agreements with Ford dealerships
OAK PARK, Mich. - Azure Dynamics Corp. (TSX:AZD), a maker of hybrid electric and electric powertrains, said Tuesday it has signed three sales and service agreements with Ford dealerships in the United...
Ithaca Energy stock falls after rejection of Endeavour takeover bid
CALGARY - Shares in oil junior Ithaca Energy Inc. (TSXV:IAE) fell more than eight per cent Tuesday, a day after the company's board said it rejected a takeover bid by Endeavour International Corp. ...
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