Business News

Chrysler, GM discuss merger, acquisition: Reports

DETROIT - General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports Saturday. The Wall Street Journal, cit...

Mazda says no decision on Ford's stake sale

TOKYO - Mazda denied Saturday that a decision had been made by troubled Ford Motor Co. to sell its stake in the Japanese automaker but it didn't rule out a possible deal. Japanese media reported Sa...

Bell and Telus work together to roll out new wireless networks

MONTREAL - Competition is expected to heat up in Canada's cellphone market as rivals BCE Inc. (TSX:BCE) and Telus (TSX:T) team up to jointly develop a faster national wireless network. The companie...

Tumbling crude a benefit to consumers, but cause for concern in oilpatch

CALGARY - Shrivelling oil prices will continue to knock down the price of fuel, while the oilpatch braces for rocky times as profit margins narrow and credit becomes tougher to come by. Crude oil e...

Price of oil plunges to 13-month low on global slowdown

NEW YORK - The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below US$78 as investors grow more pessimistic about resolving a mushrooming global economic cris...

General Electric quarterly profit fades 22 per cent to US$4.3B but meets lower forecast

HARTFORD, Conn. - General Electric Co. spared investors any nasty surprises as it reported a 22 per cent drop in third-quarter earnings, meeting its own lowered forecast and blaming the decline on its...

Most actively traded companies on Canadian stock markets

TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (9,065.16 down 535.02 points): Bombardier Inc. (TSX:B...

Investment bank Morgan Stanley shares sink on worries about future

NEW YORK - Morgan Stanley Inc. shares plunged more than 22 per cent Friday as investors questioned the investment bank's future even with a major investment from Japan's Mitsubishi UFJ Financial Group...

Q9 shareholders approve takeover of company by private equity firm Abry Partners

TORONTO - Shareholders of Q9 Networks Inc. (TSX:Q) have voted to approve the takeover of the company by Boston-based communications private equity firm Abry Partners LLC in a deal worth $361 million. ...

Energy stocks push TSX 535 points lower to Dec. 04 levels

TORONTO - The Toronto stock market closed at its worst level in almost four years Friday thanks to big selloffs in energy and metals stocks. Financial stocks also moved lower even as the government...