Recent Business Headlines
at 12:56 on May 04, 2016, EDT.
Cost estimate of Los Angeles-area gas leak hits $665 million
LOS ANGELES, Calif. - An energy company says expected costs from a massive gas leak near Los Angeles have ballooned to $665 million.
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at 12:55 on May 04, 2016, EDT.
Loblaw forecasts grocery prices will fall as its profit widens in first quarter
BRAMPTON, Ont. - Rising food prices led to more shoppers looking for discounts on their grocery bills in the last quarter, but the head of Canada's largest grocery retailer forecasts prices will be coming back down sooner, rather than later.
at 12:31 on May 04, 2016, EDT.
Canada's TV broadcasters see revenue shrink; CBC hit by loss of NHL rights
OTTAWA - Canada's private-sector television broadcasters saw their industry's revenue shrink by $46.6 million and pre-tax losses increase slightly between 2014 and 2015, according to an annual report by their federal regulator.
at 12:24 on May 04, 2016, EDT.
It's Star Wars Day: May the 4th be with you
It's not a national holiday, yet it might be an intergalactic one.
at 11:39 on May 04, 2016, EDT.
Loonie plunges again, bringing two-day decline to 2.1 cents; stock markets fall
TORONTO - Canada's dollar continued to plunge this morning, dropping another cent to about 77.6 cents US.
at 10:39 on May 04, 2016, EDT.
Torstar Q1 loss soars to $53.5 million as revenue falls, expenses rise
TORONTO - Torstar Corp.'s first-quarter loss soared to $53.5 million as the company recorded extra expenses related to its transition towards more digital media and revenue fell at its traditional newspaper businesses.
at 10:26 on May 04, 2016, EDT.
US factory orders rose modestly in March
WASHINGTON - Orders to U.S. factories advanced by a modest amount in March, reflecting stronger demand in the volatile category of defence equipment.
at 10:00 on May 04, 2016, EDT.
US productivity shrinks again in first quarter
WASHINGTON - The productivity of American workers fell again in the first three months of the year, while labour costs for employers rose at the fastest pace in more than a year.
at 08:58 on May 04, 2016, EDT.
Canadian trade deficit grows to record $3.4 billion in March: Statistics Canada
OTTAWA - Statistics Canada says the country's trade deficit grew to a record $3.4 billion in March as exports fell faster than imports.
at 01:28 on May 04, 2016, EDT.
Celebrities jam Havana streets for Chanel's Cuban takeover
HAVANA - Fashionistas and celebrities from around the world flocked beneath klieg lights Wednesday night on a grand Havana colonial avenue transformed into a private runway for French fashion house Chanel.
at 21:01 on May 03, 2016, EDT.
Oilsands work camps fill with evacuees as wildfire threatens Fort McMurray
FORT MCMURRAY, Alta. - Oilsands work camps were being pressed into service Tuesday to house evacuees as a raging wildfire emptied the city of Fort McMurray.
at 20:47 on May 03, 2016, EDT.
Tampa Bay Times buys Tampa Tribune, ends decades-old rivalry
ST. PETERSBURG, Fla. - Florida's largest newspaper, The Tampa Bay Times, said Tuesday it has purchased its main competitor, the Tampa Tribune, ending a decades-long newspaper rivalry.
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