Business News
North American markets poised for gains ahead of crude inventory report
TORONTO - North American stock markets appeared headed higher Wednesday ahead of a weekly report on U.S. crude inventories, which could have an impact on energy stocks. The Canadian dollar opened W...
Petro-Canada monitoring impact of fire at Libyan oil-storage facility
TORONTO - A London-based spokesman for Petro-Canada (TSX:PCA) says the company is carefully monitoring a fire at a major oil-storage facility in Libya. The fire is at a storage tank that's fed by f...
ArcelorMittal buys stake in Adriana Resources, teams on Brazilian port project
VANCOUVER - Global steel maker ArcelorMittal is teaming with a small Canadian company to develop a US$250-million iron ore port in Brazil. The port will be built on lands in the state of Rio de Jan...
Oil up slightly in Asia ahead of inventory report
SINGAPORE - Oil prices were slightly higher in Asia on Wednesday as investors awaited a weekly crude inventory report for evidence an economic slowdown in the U.S. is cutting consumer demand for oil p...
China shares buoyed by speculation on policy plans
SHANGHAI, China - Chinese stocks surged early Wednesday on speculation Beijing plans new economic stimulus measures and other policies aimed at reviving the country's languishing markets. The bench...
Small sport utility vehicles get top scores in U.S. crash tests
WASHINGTON - Four small sport utility vehicles received top scores in crash tests to be released Wednesday by the U.S. insurance industry, a sign of improvement compared with SUVs built earlier in the...
Head of union not happy with Viterra's decision to seek replacement workers
REGINA - The head of the union representing striking Viterra workers says he's unhappy with some of the company's tactics. Viterra has confirmed it is trying to recruit temporary replacement worker...
Venezuela seizes control of Cemex cement plants, Mexico urges talks
CARACAS, Venezuela - Mexico urged Venezuela to negotiate with its cement producer Cemex SAB on Tuesday after the Venezuelan government seized control of its cement plants saying no deal could be reach...
Hewlett-Packard third-quarter profit jumps 14 per cent
SAN FRANCISCO - Hewlett-Packard Co.'s third-quarter profit jumped 14 per cent, beating Wall Street's expectations, as strong laptop sales and a robust international presence lifted the technology bell...
Quebec opts to renovate lone nuclear power plant at cost of $2 billion
MONTREAL - Quebec will spend nearly $2 billion to maintain its bit-part in the nuclear industry by sprucing up a power plant some charge is too old, too small and too dangerous to merit a new lease on...
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