Recent Business Headlines
at 22:45 on September 02, 2014, EDT.
Venezuela's president replaces longtime oil chief as part of cabinet shakeup
CARACAS, Venezuela - President Nicolas Maduro has replaced the Venezuela's longtime oil minister and economic czar as part of a cabinet shakeup sidelining the most-prominent voice within his administration for much-needed reforms to address the country's economic crisis.
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at 20:51 on September 02, 2014, EDT.
California regulatory judges recommend $1.4B penalty against PG&E for deadly gas line blast
SAN FRANCISCO - California regulatory judges recommended a $1.4 billion penalty on Tuesday — the largest safety-related levy ever against a public utility in the state — for a fiery 2010 gas pipeline explosion that killed eight people in a suburban San Francisco neighbourhood.
at 18:34 on September 02, 2014, EDT.
'Guardians of the Galaxy' boosts slumping summer box office as highest-grossing film this year
LOS ANGELES, Calif. - "Guardians of the Galaxy" closed out the summer movie season with a first-place finish.
at 18:07 on September 02, 2014, EDT.
Crescent Point snaps up Lightstream oil and gas assets for $378 million
CALGARY - Crescent Point Energy Corp. (TSX:CPG) is bulking up its holdings in Saskatchewan and Manitoba through a $378-million deal with Lightstream Resources Ltd. (TSX:LTS)
at 17:30 on September 02, 2014, EDT.
Former Sino-Forest execs should be judged by Canadian standards: OSC
TORONTO - Five former top executives at Sino-Forest Corp., who accused of perpetuating a massive fraud, should be judged by Canadian standards even though the company's main operations were based in China, a long-awaited securities tribunal was told Tuesday.
at 17:26 on September 02, 2014, EDT.
Resolute Forest Products closing Laurentide paper mill in Shawinigan, Que.
MONTREAL - Resolute Forest Products says competition from a government-subsidized mill in Nova Scotia, higher operating costs and falling demand have forced the closure of its Laurentide paper mill in Shawinigan, Que., affecting 275 workers.
at 16:58 on September 02, 2014, EDT.
Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
at 16:52 on September 02, 2014, EDT.
Norwegian goes black tie, buys high-end cruise line Prestige in deal valued at $3 billion
NEW YORK, N.Y. - Norwegian Cruise Line is sailing into the luxury sector by buying the high-end Prestige Cruises International in a deal valued at about $3 billion, including debt.
at 16:36 on September 02, 2014, EDT.
Resource stocks pull TSX down amid mixed manufacturing data, falling commodities
TORONTO - Falling resource stocks left the Toronto stock market with a minor loss Tuesday amid mixed manufacturing data and tumbling oil and gold prices.
at 16:19 on September 02, 2014, EDT.
Canadian dollar declines ahead of Bank of Canada interest rate announcement
TORONTO - The Canadian dollar closed lower Tuesday ahead of the scheduled announcement on interest rates by the Bank of Canada on Wednesday.
at 16:12 on September 02, 2014, EDT.
Stocks end mostly lower as energy companies fall and investors await central bank meetings
U.S. stocks are ending mostly lower as energy companies fall and investors look ahead to central bank meetings later this week.
at 15:50 on September 02, 2014, EDT.
Former sweetener company CEO pleads guilty to theft, fraud charges over failed Missouri plant
ST. CHARLES, Mo. - The man who persuaded a rural Missouri town and the state to invest millions in bonds and incentives for an artificial sweetener plant that never materialized pleaded guilty Tuesday to three felony charges.
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