Banks, commodity stocks lead TSX lower even as Scotiabank reports solid earnings
Malcolm Morrison, THE CANADIAN PRESS
9 Mar, 2010 1 18
TORONTO - Commodity and financial stocks pushed the Toronto stock market lower Tuesday as oil and gold prices fell and Scotiabank failed to encourage buyers even as its latest earnings beat expectations.
The S&P/TSX composite index dropped 45.13 points to 11,918.71. The Canadian dollar rose 0.12
Automodular: GM demanding it cut prices 50 per cent at Oshawa plant
THE CANADIAN PRESS
9 Mar, 2010 0 0
AJAX, Ont. - General Motors is reportedly demanding that sub-assembly contractor Automodular Corp. cut its prices in half at GM's Oshawa, Ont., car plant or risk losing business.
Automodular (TSX:AM) said Tuesday it was "evaluating its options" after receiving written notice from GM.
It said
Royal Laser gets $40-million takeover offer, other bidders in wings
THE CANADIAN PRESS
9 Mar, 2010 0 0
TORONTO - Flat-rolled steel processor Royal Laser Corp. (TSX:RLC) said Tuesday it has received a non-binding takeover offer from an undisclosed buyer that values the company at about $40 million or 41 cents per share.
Royal Laser, which had initially received a similar non-binding offer from the
Judge certifies class-action lawsuit against Microsoft Canada
THE CANADIAN PRESS
9 Mar, 2010 0 0
VANCOUVER, B.C. - A British Columbia judge has certified a class-action lawsuit against Microsoft that alleges the software giant engaged in anti-competitive behaviour that enabled it to charge higher prices for its products.
Justice E.M. Meyers concluded in a ruling released Monday that Vancouv
Apollo acquiring Linear Gold in court-approved deal; pays 20 per cent premium
THE CANADIAN PRESS
9 Mar, 2010 0 0
HALIFAX, N.S. - Apollo Gold Corp. plans to acquire Linear Gold Corp. in a share-swap merger that values Linear at more than $100 million, the companies announced Tuesday.
Subject to shareholder approval, Apollo (TSX:APG) will acquire all outstanding Linear (TSX:LRR) shares on the basis of 5.474
NuVista Energy Q4 profit drops to $10.5M from $24.4M as revenue tumbles
THE CANADIAN PRESS
9 Mar, 2010 0 0
CALGARY - NuVista Energy Ltd. said Tuesday it will continue to pursue acquisition opportunities in the current fiscal year despite disappointing fourth-quarter and full-year profits due to lower revenues.
The Calgary-based oil and gas producer said net income for the October-December period was
Rocky Mountain posts Q4 profit of $5.7M, reverses loss; revenues slightly higher
THE CANADIAN PRESS
9 Mar, 2010 0 0
CALGARY - Acquisitions slightly boosted revenue at Rocky Mountain Dealerships Inc. (TSX:RME) and helped it book a $5.7-million profit in its final 2009 quarter, reversing a loss from a year ago, the company said Tuesday.
The company, which owns agricultural and construction equipment dealerships
US job openings up sharply in Jan., evidence that employers may soon boost hiring
THE ASSOCIATED PRESS
9 Mar, 2010 0 0
WASHINGTON - Job openings in the United States rose sharply earlier this year, a sign that employers might be preparing to step up hiring.
The number of openings in January rose about 7.6 per cent, to 2.7 million, compared with December, the Labour Department said. And the job openings rate clim
Burger King sales in January and February hurt by severe winter storms
THE ASSOCIATED PRESS
9 Mar, 2010 0 0
MIAMI - Winter storms hurt Burger King's results in January and February, the fast-food chain said Tuesday.
In the United States and Canada, Burger King's sales in locations open at least a year fell 8.2 per cent over the two-month period. Over 75 per cent of Burger King stores are in the Centra
Impairment charge pushes Northgate minerals into the red for Q4, fiscal year
THE CANADIAN PRESS
9 Mar, 2010 0 0
VANCOUVER, B.C. - Northgate Minerals Corp. (TSX:NGX) said Tuesday the writedown of the value of an Australian gold mine was a major factor in the losses booked during the full year and fourth quarter of 2009.
The Vancouver-based miner, which keeps its books in U.S. dollars, reported a loss of US
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