Business News

Recent Business Headlines

1 to 12 of 158

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.

→ READ FULL ARTICLE

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.

→ READ FULL ARTICLE

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.

→ READ FULL ARTICLE

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)

→ READ FULL ARTICLE

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.

→ READ FULL ARTICLE

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.

→ READ FULL ARTICLE

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:

→ READ FULL ARTICLE

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.

→ READ FULL ARTICLE

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.

→ READ FULL ARTICLE

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.

→ READ FULL ARTICLE

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.

→ READ FULL ARTICLE

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.

→ READ FULL ARTICLE

Content Provided By Canadian Press.