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All Business news - Feed
Find the latest news stories from Toronto Star on the topic All Business news. |
 Doubts over EU summit hit world markets
World shares fell and Germany sold two-year bonds paying virtually no interest on Wednesday as investors shunned riskier assets, doubting that any new measures to tackle the euro zone debt crisis would emerge from a European leaders summit.
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 Retail sales up in March on warmer-than-usual weatherStatistics Canada says retail sales rose 0.4 per cent in March to $39.1 billion, more than offsetting the decline recorded in February.
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 Eurozone worries depress TSXThe Toronto stock market was sharply lower Wednesday amid pessimism that a gathering of European Union leaders in Brussels will come up with a plan to contain the eurozone debt crisis.
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 First Nations protesters disrupt Enbridge pipeline hearingAboriginal protesters who say they represent the traditional government of the Six Nations forced a National Energy Board hearing into an Enbridge oil pipeline proposal to be adjourned Wednesday morning.
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 Strike begins at Canadian Pacific rail; all freight service suspended
A strike against Canadian Pacific that got underway just after midnight is expected to halt shipments of grain, fertilizer, coal and other goods.
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 Google completes Motorola Mobility acquisition
Google Inc completed its $12.5 billion (U.S.) purchase of Motorola Mobility Holdings Inc and named a new chief executive for the cellphone maker, who vowed to focus on "fewer, bigger bets."
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 SEC probing JPMorgan's financial reporting
The head of the U.S. Securities and Exchange Commission told lawmakers on Tuesday that her agency is probing JPMorgan Chase and Co's financial reporting and emphasized that big banks are required to publicly disclose changes to the models they use to measure risk.
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 Google Chrome becomes most used Web browser
Google Chrome surpassed Internet Explorer last week as the world’s most used Web browser, according to a statistic released Monday.
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 Bank revenues, profits, expected to moderateConsumers are expected to rein in their spending, putting a pinch on bank profits, analysts say.
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 OSC files formal fraud charges against Sino-Forest, executives
The Ontario Securities Commission is accusing troubled Chinese timberland company Sino-Forest Corp. of lying to investors and attempting to misleading investigators.
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 Scotiabank sells Scotia Plaza for $1.27B
Scotiabank has signed a deal to sell its stake in its downtown Toronto headquarters to a pair of real estate trusts for $1.27 billion.
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 'Misleading' pomegranate juice ads violated law, FTC judge rules
Ads for the pomegranate juice drink claimed the product would treat or prevent heart disease, prostate cancer and erectile dysfunction.
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 Eurozone risks falling into 'severe' recession, OECD warns as it cuts forecasts
The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from dragging down the global economy.
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 Best Buy's first quarter profit falls 25 per cent
Best Buy Co.’s fiscal first-quarter profit dropped 26 per cent on restructuring charges as the struggling electronics retailer began implementing its turnaround plan. Its adjusted earnings and revenue both topped Wall Street’s expectations.
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 Couche-Tard disappointed by shareholder response to Statoil takeover offer
Canada's largest operator of convenience stores is disappointed by shareholder response to a takeover proposal under which it plans to expanded into northern Europe, but believes the deal will ultimately succeed.
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 CP Rail faces strike action -- GO Train commuters face disruption
Some GO train commuters face disruptions if CP Rail's unionized workers walk off the job at midnight. Labour Minister Lisa Raitt has summoned the sides to a meeting in Ottawa.
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 General Mills to cut about 850 jobsFood maker General Mills Inc. said Tuesday it will cut about 850 jobs as part of a plan to lower costs and boost efficiency.
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 Levi's, Gap garment workers in Cambodia on strikeWorkers at a large Cambodian garment factory that makes clothes for Levi's, Gap and other well-known international brands are striking for more pay and better working conditions.
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 TSX surges ahead as bargain hunters move inThe Toronto stock market surged more than 200 points Tuesday as traders caught up to solid advances in commodities and global markets while the TSX was closed for Victoria Day.
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 An internet business: Vancouver entrepreneur and mom turns children's art into stuffed toys
Vancouver mother turns children's art into cuddly toys and a web business
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 Tax rich Canadians to close income gap: ReportTax the rich to close the growing income gap in Canada, a new report says.
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 Japan's credit rating cut by FitchJapan's sovereign-credit rating was lowered by Fitch Ratings because of limited progress by the government in tackling the world's biggest public debt burden.
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 Publishing giant Houghton Mifflin files for bankruptcy protection
Houghton Mifflin Harcourt Publishers Inc filed for Chapter 11 bankruptcy protection on Monday after the struggling textbook publisher agreed with its creditors to eliminate about $3.1 billion (U.S.) of debt.
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 Lowe's lowers 2012 outlook despite strong quarterly earnings
Lowe's Cos.' first-quarter profit climbed 14 per cent, as warmer weather helped boost sales. But the world's second-biggest home improvement company lowered its full-year earnings forecast on Monday, saying it is still cautious on the housing market and economic conditions.
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 Eaton to buy Cooper Industries for $11.8 billionDiversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries for $11.8 billion (U.S.) in cash and stock, paying a 29 per cent premium to broaden its services to the electrical industry.
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