Orange County, California, sues Toyota over vehicle defects on behalf of consumers
Greg Risling, THE ASSOCIATED PRESS
12 Mar, 2010 0 0
SANTA ANA, Calif. - Prosecutors in Orange County, California have filed a lawsuit against Toyota Motor Corp., accusing the automaker of knowingly selling hundreds of thousands of vehicles with acceleration defects.
District Attorney Tony Rackauckas said at a news conference Friday that his offic
Lehman Brothers' accounting gimmick helped firm hide debt, examiner says
Marcy Gordon, THE ASSOCIATED PRESS
12 Mar, 2010 0 0
WASHINGTON - An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has found. The question now is whether the trickery spells legal jeopardy for executives of Lehman or it
Base metals support TSX to first close above 12,000 since Sept. '08
Malcolm Morrison, THE CANADIAN PRESS
12 Mar, 2010 1 27
TORONTO - The Toronto stock market moved slightly higher Friday, closing above the 12,000 mark for the first time in about a year and a half amid mixed signals about the health of the U.S. economy.
The S&P/TSX composite index was 34.12 points higher at 12,013.82 - finding support from base metal
Analyst expects pause in big fertilizer M&A after Agrium walks away from CF
Lauren Krugel, THE CANADIAN PRESS
12 Mar, 2010 0 0
CALGARY - Now that a prolonged saga that entangled three major North American fertilizer producers appears to have finally been resolved, an analyst expects the sector to take a breather from big takeover deals.
After more than a year of dizzying twists and turns, Agrium Inc. (TSX:AGU) has decid
Goldcorp reports record 2009 production, aggressive growth strategy
Sunny Freeman, THE CANADIAN PRESS
12 Mar, 2010 0 0
Goldcorp Inc. is spending $40 million this year to develop its recently acquired El Morro gold-and-copper project in Chile, despite a dispute over ownership of the project with the world's largest gold miner.
Goldcorp (TSX:G) chief operating officer Steve Reid said Friday the company has sent a
Americas Petrogas to raise $7 million in bought deal financing
THE CANADIAN PRESS
12 Mar, 2010 0 0
CALGARY - Americas Petrogas Inc. (TSXV:BOE), a junior Calgary resources company, says it has struck a bought deal with a group of underwriters to issue more than 8.6 million shares at 81 cents each to raise more than $7 million.
The company's shares were halted on the TSX Venture Exchange pendin
McCoy Q4 loss reduce despite a drop in revenue; looks into global expansion
THE CANADIAN PRESS
12 Mar, 2010 0 0
EDMONTON - McCoy Corp. (TSX:MCB) will continue looking into expanding globally in the year ahead after conducting a strategic review and posting a narrower fourth-quarter loss, the company said Friday.
"McCoy continues to drive its commitment toward geographic revenue diversification," the Edmon
High Arctic's fourth-quarter loss cut more than half despite reduced revenue
THE CANADIAN PRESS
12 Mar, 2010 0 0
RED DEER, Alta. - High Arctic Energy Services Inc. (TSX:HWO) saw its fourth-quarter and full-year results improve despite lower revenues, the financially struggling oilfield equipment and services company said Friday.
High Arctic lost $11.5 million or 25 cents a share in the October-December per
Catalyst Paper reports $35.8 million loss in Q4, sales at $294.3 million
THE CANADIAN PRESS
12 Mar, 2010 0 0
RICHMOND, B.C. - Catalyst Paper (TSX:CTL) has reported a $35.8-million loss in the fourth quarter as the recession continues to impact sales at the pulp and paper company.
The Vancouver-area firm said results were worth nine cents per share in the period ended Dec. 31. That compared to a profit
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