Business News
Casey's says it's studying Couche-Tard's increased US$2-billion offer
MONTREAL - Casey's General Stores urged its shareholders not to take any action Wednesday while it reviews Alimentation Couche-Tard's increased US$2-billion offer to purchase the Iowa-based convenienc...
Buyout firm denies its in talks about acquisition of Burger King
NEW YORK, N.Y. - A private equity firm denied it's in talks to acquire Burger King Holdings Inc., after a published report linked 3i Group PLC to the fast-food chain. The Wall Street Journal, citin...
US construction falls for 3rd straight month to lowest point in 10 years
WASHINGTON - Construction spending in the United States tumbled in July to the lowest level in a decade, as the housing market struggles in the weak economy and without a popular home-buying tax credi...
Husky buys natural gas lands in Alberta foothills, doubles footprint in area
CALGARY - Husky Energy Inc. has agreed to buy natural gas lands in west-central Alberta that could be worth as much as half a billion dollars, doubling its operations in the region as it focuses on bo...
Pricing incentives give a boost to Canadian vehicles sales in August
TORONTO - August was a hot month for Canadian vehicles sales, with several major automakers reporting year-over-year increases as incentives helped draw customers into showrooms. Ford, Honda, Gener...
TSX moves higher, commodities rise on strong U.S., Chinese manufacturing data
TORONTO - The Toronto stock market was higher Wednesday as investors bought up commodity stocks on hopes that strong manufacturing figures from the U.S. and China will translate into improved economic...
Comair officials say regional airline will reduce fleet, staff over next 2 years
CINCINNATI - Delta Air Lines Inc. subsidiary Comair says it will reduce its fleet by more than half and cut staffing over the next two years to become more competitive. Comair President John Bendor...
U.S. regulators defend actions before Lehman collapse, Wachovia takeover
WASHINGTON - U.S. bank regulators are defending their actions leading up to the collapse of Lehman Brothers and the purchase of Wachovia at the height of the financial crisis. They are telling the ...
TSX set for higher open, commodities rise on strong Chinese manufacturing data
TORONTO - The resource sector was set to push the Toronto stock market to a positive open Wednesday as strong manufacturing figures from China encouraged demand prospects and sent commodity prices hig...
Borders reports wider second-quarter loss as revenue continues to drop
ANN ARBOR, Mich. - Borders Group Inc. reported a slightly larger loss in the second quarter on lower revenue and said it will add more items besides books in its stores to boost revenue. Since fina...
