Business News
Campbell Soup adjusted profit up 6 pct in the slow soup season while sales rise more slowly
CAMDEN, N.J. - The Campbell Soup Co. says it made a profit of US$113 million, or 33 cents per share during the fourth quarter, when the temperature rises and its soup sales traditionally drop. Sale...
Stock markets head for higher open as U.S. employment data beats forecasts
TORONTO - North American markets headed for a strong open Friday as U.S. jobs data blew past expectations. The U.S. Labour Department reported that the economy shed a total of 54,000 jobs last mont...
U.S. companies add 67,000 workers in August; unemployment rate climbs to 9.6 per cent
WASHINGTON - The U.S. unemployment rate rose in August for the first time in four months as weak hiring by private employers wasn't enough to keep pace with a large increase in the number of people lo...
Investors set for key U.S. jobs data, take in major dealmaking in gold sector
TORONTO - The Toronto stock market could find support from the mining sector Friday in the wake of a major deal in the gold sector. But much of the tone of the session’s trading will be determine...
Eldorado Gold approaches Andean Resources with $3.4-billion merger proposal
VANCOUVER - Eldorado Gold Corp. (TSX:ELD) says it has approached Andean Resources Ltd. (TSX:AND) with a $3.4-billion merger proposal. The Vancouver-based gold miner said Thursday it has offered to ...
Most actively traded companies on the TSX, TSX Venture Exchange markets
TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,111.09 up 107.31 points): Kinross Gold Corp. (T...
Dell ends bidding contest over data-storage maker 3Par, will not match HP
SEATTLE - Dell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc. Dell said Thursday it won't match HP's offer to pay US$33 per share for 3P...
AIMCo approached to join bid for PotashCorp, but staying on sidelines for now
CALGARY - Alberta's pension fund manager has been approached by state-owned wealth funds from China to possibly join a bid for fertilizer giant PotashCorp. (TSX:POT), but it said Thursday it intends t...
Canada's five biggest banks earned $4.8 billion in third quarter
TORONTO - Canada's five biggest banks earned a combined $4.8 billion in third-quarter profit — nine per cent more than last year — as they cashed in on strong growth in mortgages, consumer and cor...
Better times ahead for Canada's oil companies with expected $8.4B profit in 2010
CALGARY - A business think-tank sees rosier times ahead for Canadian oil producers, who are expected to reap $8.4-billion in profits this year as the world economy recovers from the recession and ener...
