Business News
UAW, American Axle reach deal that could end strike
DETROIT - A bitter 80-day United Auto Workers strike against an auto parts maker that has crippled dozens of General Motors Corp. factories could be coming to an end soon with a tentative contract agr...
Source: UAW, American Axle reach deal that could end strike
DETROIT - A person briefed on the talks says the United Auto Workers have reached an agreement with American Axle and Manufacturing Holdings Inc. that could end an 11-week strike. The person spoke ...
General Motors workers ratify new tentative agreement in three locations
TORONTO - Canadian Auto Workers members at three General Motors locations in Ontario ratified a new collective agreement on Friday. The union said Local 1973 in Windsor voted 97 per cent in favour,...
Premium Brands says chief executive Fred Knoedler has died of cancer
VANCOUVER - Premium Brands Income Fund (TSX:PBI.UN) said Friday that chief executive Fred Knoedler has died of cancer. The fund, which distributes foods under such brands as Grimm's deli products a...
Oil sets record near US$128 a barrel; pump price at high, too
NEW YORK - News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets - the move wasn't anywhere near the kind of production increase needed t...
Biovail subsidiary reaches deal with U.S. regulators over Cardizem drug launch
TORONTO - A subsidiary of Biovail Corp. (TSX:BVF) has agreed to pay US$24.6 million to settle U.S. criminal allegatons related to the launch of Cardizem LA blood-pressure drug in 2003, part of the Can...
Air Canada fails transparency test in adopting fuel surcharges, observers say
MONTREAL - Air Canada (TSX:AC.B) failed the test of transparency by not being up front enough in informing the public about new fuel surcharges, industry observers said Friday. Unlike rival WestJet...
General Motors workers ratify local Michigan contract to end that strike
LANSING, Mich. - A striking United Auto Workers local at a key General Motors Corp. factory ratified a new contract with the company Friday afternoon and will resume production on Monday. UAW Local...
Bombardier shares soar to highest level in nearly six years as ratings upgraded
MONTREAL - Bombardier Inc. (TSX:BBD.B) shares soared Friday to the highest level in nearly six years as another rating agency upgraded the transportation giant's debt ratings. The Montreal-based ae...
California winemaking patriarch Robert Mondavi dead at 94, spokesman says
BERKELEY, Calif. - Robert Mondavi, the pioneering vintner who put California wine country on the global map, has died. He was 94. Mondavi died peacefully at his home in Yountville, Calif. on Friday...
Lottery results for Fri, May 16
