CAE enters pilot sourcing business with $314 million acquisition
Ross Marowits, The Canadian Press
16 May, 2012 0
MONTREAL - CAE Inc. is entering the pilot outsourcing business while also expanding its global flight training capabilities by acquiring Oxford Aviation Academy and a subsidiary for $314 million. The Montreal-based company said Wednesday the acquisition of Oxford subsidiary Parc Aviation will add 1,
Most actively traded companies on the TSX, TSX Venture Exchange markets
The Canadian Press
16 May, 2012 0
TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (11,326.08, down 16.97 points): Cequence Energy Ltd. (TSX:CQE). Oil and gas. Unchanged at $1.43 on 9,286,249 shares. Aura Minerals Inc. (TSX:ORA). Miner. Do
TSX gives up early gains on worries about possible Greek exit from eurozone
Malcolm Morrison, The Canadian Press
16 May, 2012 0
TORONTO - The Toronto stock market gave up solid gains Wednesday as anxiety over Greece's possible exit from the eurozone trumped early moves to buy up stocks beaten down during a string of losses. The S&P/TSX composite index had ran ahead as much as 131 points during the morning but ended the sessi
Oil down about 13 per cent since the beginning of May, pump price averages $3.73
Chris Kahn, The Associated Press
16 May, 2012 4
NEW YORK, N.Y. - The price of oil continues to decline on the expectation that world markets will be flush with extra supplies this year. Benchmark U.S. crude on Wednesday fell by US$1.17 to finish at a seven-month low of $92.81 per barrel in New York. Oil is down nearly 13 per cent since the beginn
Greek political turmoil leaves loonie at lowest level since January
Malcolm Morrison, The Canadian Press
16 May, 2012 0
TORONTO - The Canadian dollar closed at a four-month low Wednesday as concern over a possible Greek exit from the eurozone continued to weigh on investors' appetite for risk. The loonie fell 0.57 of a cent to 98.75 cents US, its lowest close since Jan. 20, as investors continued to avoid risky asset
Skechers to pay $40M to settle government charges over claim shoes toned muscles
Jennifer C. Kerr, The Associated Press
16 May, 2012 0
WASHINGTON - The government wants you to know that simply sporting a pair of Skechers' fitness shoes is not going to get you Kim Kardashian's curves or Brooke Burke's toned tush. Skechers USA Inc. will pay $40 million to settle charges by the Federal Trade Commission that the footwear company made u
Factory sector bounces back as economy recovers from February swoon
Julian Beltrame, The Canadian Press
16 May, 2012 0
OTTAWA - A new report on manufacturing suggests the Canadian economy rebounded in March, reversing the previous month's surprising contraction and pointing to a resumption of modest growth. Statistics Canada said Wednesday that factory shipments rose by a bigger than expected 1.9 per cent to $49.7 b
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