Listen Now

Business

Western Coal Q3 profit drops to $24 million, revenue falls to $118.7M

THE CANADIAN PRESS 9 Feb, 2010 0 0

VANCOUVER, B.C. - Western Coal Corp. (TSX:WTN) says its quarterly profit fell to $24 million or nine cents per diluted share in the three months ended Dec. 31. That's down from a profit of $62.5 million or 29 cents per diluted share in the year-earlier period. Revenue for what is the third qu

Stocks look to open higher on hopes EU will address Greek debt burden

Malcolm Morrison, THE CANADIAN PRESS 9 Feb, 2010 0 10

TORONTO - The Toronto stock market appeared headed for a higher open Tuesday as commodity prices rose along with hopes the European Union will take steps to deal with a growing problem as several European governments struggle with their sovereign debt. The Canadian dollar was up 0.64 of a cent t

Molson Coors' fourth-quarter profit rises on tax benefits, but worldwide volume falls

THE ASSOCIATED PRESS 9 Feb, 2010 0 0

Molson Coors Brewing Co.'s fourth-quarter profit more than doubled because of favourable tax benefits even as it sold fewer beers, the international brewer (NYSE:TAP) said Tuesday. Worldwide volume sold of the company's beers, including Blue Moon and Coors Light, fell four per cent as people cut

Japan Airlines spurns Delta Air Lines, opts to keep alliance with American Airlines

Harry R. Weber,Tomoko A. Hosaka, THE ASSOCIATED PRESS 9 Feb, 2010 0 0

TOKYO - Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines. The Japanese carrier said Tuesday it will strengthen its partnership with American, and the two

EU's government-backed European Investment Bank rejects possible Greek bailout

Aoife White, THE ASSOCIATED PRESS 9 Feb, 2010 0 0

BRUSSELS, Belgium - Markets somehow expect the European Union to backstop Greece's sagging finances. But with officials denying one is needed, the precise path out of the crisis for the EU's incoming new leadership remains fogged with uncertainty. The European Union's own government-backed lende

Opti Canada reduces fourth-quarter loss to $212 million; revenue also falls

THE CANADIAN PRESS 9 Feb, 2010 0 0

CALGARY - Calgary-based Opti Canada Inc. (TSX:OPC) says it had a $212-million loss in the final quarter of 2009, which actually saw big improvements from a year earlier. The oilsands producer says the fourth-quarter loss amounted to 75 cents per share. That's a reduction from the year-earlier lo

ATS Automation earns $3.7 million from continuing operations in third quarter

THE CANADIAN PRESS 9 Feb, 2010 0 0

CAMBRIDGE, Ont. - ATS Automation Tooling Systems Inc. (TSX:ATA) says its revenue and profit from continuing operations were down in its fiscal third quarter, which ended Dec. 27. The Ontario-based company, which makes manufacturing equipment as well as solar energy products, says its net income

Toyota recalls 437,000 Prius and other hybrids globally for brake problems

Yuri Kageyama, THE ASSOCIATED PRESS 9 Feb, 2010 0 0

TOKYO - Toyota says it is recalling about 437,000 Prius and other hybrid vehicles worldwide to fix brake problems - the latest in a string of embarrassing safety lapses at the world's largest automaker. "I don't see Toyota as an infallible company that never makes mistakes," president Akio Toyod

European stocks up cautiously on hopes for Greece

CARLO PIOVANO, THE ASSOCIATED PRESS 9 Feb, 2010 0 0

LONDON - European stocks rose cautiously Tuesday on hopes that EU officials will provide Greece with some form of support to handle its mountain of debt and keep the market crisis from spreading to other vulnerable countries. Although the European Investment Bank said Tuesday it would not be abl

WTO boss says world trade weathered economic crisis better than expected but still at threat

Rod McGuirk, THE ASSOCIATED PRESS 9 Feb, 2010 0 0

CANBERRA, Australia - The global economic crisis has not led to a return to trade protectionism to the extent feared, but free trade remains under threat, the World Trade Organization's director general said Tuesday. "I still believe we're not out of the woods, but this notion that for the momen
See More Business News

Features


Your News and Photos