Business RSS
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Transat AT reduces Q2 loss more than analysts expected, predicts profit ahead
MONTREAL – Transat A.T. Inc. (TSX:TRZ.B) continued to lose money in its second quarter but the Montreal-based travel company says the summer is looking good and it expects to return to profitability this year. Transat had a net loss of $22.8 million or 59 cents per share in the quarter ended April 30 and $1.1
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SF, NY prosecutors to announce anti-smartphone theft initiative before summit of major makers
SAN FRANCISCO – The top prosecutors in San Francisco and New York planned Thursday to announce the formation of a nationwide initiative and coalition of police, prosecutors and other officials in an attempt to thwart a surge in smartphone thefts. Officials said San Francisco District Attorney George Gascon and New York Attorney General Eric Schneiderman
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Sobeys buying Safeway Canada for $5.8-billion
The Nova Scotia-based parent of the Sobeys chain said Wednesday that the cash deal will boost its presence in Western Canada and give it $1.8 billion of real estate.
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Back to the future: Vanderhooks aim for creative community (again) with relaunch of Myspace
NASHVILLE, Tenn. – Tim and Chris Vanderhook think Myspace had it right — at one point. And they believe they’ve revived and improved that formula for success as the revamped first titan of social media debuts its latest incarnation. The Vanderhooks unveiled the new Myspace.com Wednesday, revealing a site focused on entertainment that combines social
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Wheat and corn futures fall on the CBOT; beef prices also fall
CHICAGO – Grains futures were mixed Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery fell 2.5 cents to $6.9425 a bushel; July corn fell 1.5 cent to $6.58 a bushel; July oats were flat at $4.0325 a bushel; while July soybeans rose 4 cents to $15.445 a bushel. Beef
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Former Ontario premier Dalton McGuinty resigning as MPP for Ottawa South
TORONTO – Ontario Premier Kathleen Wynne praised Dalton McGuinty Wednesday as “an unwavering political force” after her predecessor announced his resignation as the member of provincial parliament for Ottawa South. “He reminded us that government could build us up through investments in education, health care, research and innovation,” Wynne said in a statement. “He steered
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India’s Apollo Tyres to acquire Ohio’s Cooper Tire & Rubber for about $2.22B
India’s Apollo Tyres Ltd. is buying Ohio’s Cooper Tire & Rubber Co. for about $2.22 billion, boosting its presence in North America and other key markets around the world. Apollo said Wednesday that the combined company will be one of the world’s largest tire makers, with a strong presence across four continents and combined 2012
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Hot gusts fuel 4 major wildfires in Colorado, including 2 that have destroyed structures
COLORADO SPRINGS, Colo. – Cooler nighttime temperatures and calmer winds gave firefighters a break from hot, dry, gusty weather that fanned a wildfire that burned dozens of homes northeast of Colorado Springs and fueled three other major blazes in Colorado. “That’s going to give our firefighters a much better advantage, if there is such a
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US counterterrorism officials defend Internet and phone surveillance to skeptical lawmakers
WASHINGTON – Lawmakers voiced their confusion and concern over the sweeping secret surveillance programs revealed recently, after receiving an unusual briefing on the government’s yearslong collection of phone records and Internet usage. “People aren’t satisfied,” Rep. Tim Murphy, R-Pa., said as he left the briefing Tuesday. “More detail needs to come out.” The phalanx of
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Canadian dollar little changed amid central bank concerns; commodities retreat
TORONTO – The Canadian dollar closed little changed Tuesday amid concerns centred on global central banks. The loonie was well off early lows and closed up 0.01 of a cent at 98.15 cents US. Concerns include the failure of Japan’s central bank to unveil more measures to boost that country’s economy and whether the U.S.
