Big Dog 92-7 - Business News

Fortress to acquire Quebec manufacturing facility from Fraser Papers for $3M

Fri, 19 Mar 2010 02:32:04 +0000

VANCOUVER, B.C. - Fortress Paper Ltd. has signed an agreement to acquire a manufacturing facility in Thurso, Que., from insolvent Fraser Papers Inc. for $3 million. Vancouver-based Fortress (TSX:FT...

Palm sales slump in third quarter as its new phones struggle for attention; stock hammered

Fri, 19 Mar 2010 00:04:04 +0000

NEW YORK - Palm Inc. reported sales figures Thursday that showed it's having a difficult time getting consumers to pay attention to its phones in a market dominated by iPhones and BlackBerrys. The ...

Home improvment retailer Lowe's to open its first Saskatchewan store in Regina

Thu, 18 Mar 2010 23:20:35 +0000

TORONTO - Home improvement retailer Lowe's plans to open its first Saskatchewan store in Regina, sometime in the company's fiscal 2011 first quarter. "Lowe's commitment to expanding throughout West...

A tale of two recoveries: The super-rich are spending again, but gloom persists for the rest

Thu, 18 Mar 2010 22:50:24 +0000

WASHINGTON - For the super-rich and everyone else, the economic recovery is taking place in two very different gears. A British company is betting there's a market in North America for a US$200,000...

Canadian bookworms shouldn't expect parity on the price of their books

Thu, 18 Mar 2010 22:50:33 +0000

TORONTO - Cloy Hinbest picked up a bestseller at a downtown Toronto bookstore, and was immediately struck by the disparity between the Canadian and U.S. prices listed on the book's jacket, even as the...

Retail gasoline prices hit $2.80 per gallon, highest mark since October 2008

Thu, 18 Mar 2010 22:50:23 +0000

U.S. motorists are paying the highest prices for gas since October 2008. Retail gasoline prices rose on Thursday on an expected increase in demand and as more expensive spring and summer blends of ...

Auto sector collapse pushes trade with U.S. and Mexico to fall 23 per cent in 2009

Thu, 18 Mar 2010 22:50:25 +0000

MONTREAL - A structural change in demand for autos and wood products will likely limit growth in North American trade for years after it suffered its worst decline in 2009 since NAFTA went into effect...

CRTC says private conventional TV stations booked $116.4 million loss last year

Thu, 18 Mar 2010 22:50:23 +0000

TORONTO - Canada's biggest private television broadcasters made major cuts last year, as they grappled with the recession, but the industry still booked a big financial loss. The Canadian Radio-tel...

New wireless player Public Mobile to carve out place with no-frills service

Thu, 18 Mar 2010 21:53:46 +0000

MONTREAL - New wireless player Public Mobile is looking to win customers who don't already have cellphones with a no-contract, no-frills service that lets it avoid competing directly with established ...

Stay tuned for more fighting between cable, TV networks

Thu, 18 Mar 2010 21:53:49 +0000

GATINEAU, Que. - A special outlet for public beefs about cable companies and a new process for the industry to hash out its cash-flow battles are among measures expected in a major decision next week ...

Sliding commodity stocks push TSX lower; N.Y. helped along by inflation data

Thu, 18 Mar 2010 21:53:42 +0000

TORONTO - The Toronto stock market closed lower as doubts about what European countries will do to help Greece with its debt crisis pushed the U.S. dollar higher and punished commodity prices. The ...

Suncor receives government approval to expand Firebag oil sands project

Thu, 18 Mar 2010 21:53:48 +0000

CALGARY - Suncor Energy Inc. (TSX:SU) says it has received approval from Alberta's energy regulator to expand its Firebag oilsands project near Fort McMurray. The oil and gas producer, refiner and ...

Sahara Energy strikes deal to sell assets to Gallic Energy

Thu, 18 Mar 2010 20:45:56 +0000

CALGARY - Sahara Energy Ltd. (TSXV:SAH), a junior Calgary oil and gas company, says it has struck a letter of intent with Gallic Energy Ltd. (TSXV:GLC) to negotiate the sale of Sahara's Alberta and Sa...

Conference Board says higher crude prices will drive oil industry profit to $8B

Thu, 18 Mar 2010 20:45:55 +0000

CALGARY - Oil industry profits will see a big boost this year as some of the cost-dampening effects of the recession linger, according to a forecast by the Conference Board of Canada. However, the ...

Israel's Teva to buy German generic drug maker Ratiopharm in deal worth US$5 billion

Thu, 18 Mar 2010 20:11:54 +0000

FRANKFURT, Germany - Israeli drug maker Teva has beaten out rivals Pfizer and Actavis to acquire German generic drug maker Ratiopharm GmbH - in a deal announced Thursday worth some euros3.6 billion, o...