Profile of The Canadian Press ~ The News

All articles of The Canadian Press ~ The News

• TSX to head lower on falling bullion prices
  The Canadian dollar was up a slight 0.01 of a cent against the American currency to 101.37 cents US. The TSX could find support from the ...
• Consumer confidence lowest in two years: Conference...
  The board says the index fell 6.6 points in August to 74.,7, the lowest since July 2009. "The index has declined for four months, but this is the ...
• Stocks head for lower open on U.S. recession fears
  Investors hope that the central bank chief will announce more stimulus for the U.S. economy amid fear that it's in danger of slipping into ...
• WiLAN expected to offer more in takeover bid of MOSAID
  WiLAN (TSX:WIN) has made a $480-million unsolicited takeover bid for Mosaid. "One could argue quite credibly that the future growth over the next ...
• EllisDon buys Looby Construction
  Looby, based in Dublin, Ont., specializes in bridge, culvert and dam construction and repair. Mississauga-based EllisDon says the acquisition ...
• Bank of Montreal posts $793M profit
  The bank's net income was $793 million for the three months ended July 31, up 18 per cent from the same time last year. Its adjusted net income ...
• Chinese data to pull up stocks
  They were also hopeful that a speech Friday by U.S. Federal Reserve chairman Ben Bernanke will signal that the Fed is prepared to act to keep the ...
• Wedge strikes reverse takeover deal
  The transaction, announced Monday, is a reverse takeover deal that will give the Mongolian company control of Wedge. Wedge shares were halted ...
• Jack Layton dead at 61
  In the preface to his 2006 book, "Speaking Out Louder," Layton wrote a passage that turned out to be eerily prescient: "Oftentimes, life's highs ...
• Stocks to open higher on U.S. stimulus hopes
  The Canadian dollar advanced, up 0.53 of a cent to 101.68 cents US. U.S. futures were sharply higher with the Dow Jones industrial futures ahead ...
• Caisse assets grow to $157.9B
  By comparison, net assets at the same point a year earlier were $151.7 billion, the Caisse said Friday. The Montreal-based money manager said the ...
• Federal budget projections still stand despite...
  The minister told the House of Commons finance committee that fiscal results to date have been consistent with the projections set out in the ...
• Markets headed for another day of selloffs
  Ahead of the market open, Dow Jones industrial average futures were down 110 points at 10,907. S&P 500 futures fell 10.10 points at 1,133.4. ...
• North American markets poised for a slide
  Dow Jones industrial average futures slid 205 points to 11,176. S&P 500 futures fell 25.5 points or 1,164.40. Nasdaq futures were down 49 ...
• Housing market to grow on bargains: analysts
  The comments came after the Canadian Real Estate Association revised its 2011 national forecast for home resales, citing stronger than expected ...
• TSX set for slight rebound on higher commodities
  The Canadian dollar was up 0.40 of a cent at 102.22 cents US in pre-market trading Wednesday. Crude oil prices were up $1.58 to US$88.23 a barrel ...
• Sears pledges to 're-energize' after revenue drop
  Sears Canada Inc. suffered a drop in revenue, lower same-store sales and a net loss of $2.7 million or three cents per share for the 13 weeks ...
• Canadian corporate profits to weaken: Conference Board
  The conference board says its leading indicator of industry profitability fell 0.1 per cent in July, after staying flat the previous two months. ...
• Mergers up in tech sector up in Q2: report
  The firm said Monday that Canadian companies inked 30 technology deals in the second quarter – sixth-most in the world – up from 21 deals in the ...
• RIM could spin off patents into separate firm: analysts
  Evercore Partners analyst Alkesh Shah said the importance of technology patents has increased in recent years due to popularity of Google's ...
• Markets headed lower on economic fears
  Ahead of the opening, Dow Jones industrial average futures are down 110 points to 11,293. S&P 500 futures are down 16.8 to 1,181.60. Nasdaq ...
• RIM shares rise after Google-Motorola deal announced
  RIM stock gained 70 cents, or almost three per cent, to $24.99 in late morning trading on the Toronto Stock Exchange. About 1.9 million RIM ...
• Google acquires Motorola Mobility for US$12.5B
  Google (Nasdaq:GOOG) said Monday it will pay US$40 per share, a 63 per cent premium to Motorola's closing price on Friday. The California-based ...
• TD Bank to buy Bank of America's Canadian credit...
  While TD did not disclose the value of the transaction, it said the price was a "modest premium" on the value. Bank of America has a significant ...
• TSX could extend relief on two corporate deals
  The Canadian dollar added 0.45 of a cent to 101.39 cents US after falling last week as traders lost faith in the strength of the global economic ...
• Tim Hortons confident it can keep customers in tough...
  CEO Paul House said the company has seen no change in spending patterns since a tumble on world stock markets in recent weeks sparked by the debt ...
• Nortel reports Q2 loss as it sells assets
  The former telecom hardware maker, which keeps its books in U.S. dollars, said the loss amounted to 23 cents per share in the quarter ended June ...
• Eurozone short-sell ban to boost stock markets
  The Canadian dollar was up 0.03 of a cent to 101.21 cents US. U.S. futures were higher after investors, looking for bargains amidst the carnage ...
• CPP seeks investment opportunity in depressed market
  Steep declines on global stock markets in the last three weeks will no doubt have an impact on the fund's second-quarter results, as more than 50 ...
• Canadian Tire Q2 profit drops on ads, Forzani purchase
  The Toronto-based retailer reported profits of $105.8 million in the quarter, compared to $122.8 million. The company spent nearly $30 million ...