Business News
Viterra acquiring Dakota Pasta Growers for US$240M in an all cash transaction
CALGARY - Agriculture products and transportation giant Viterra Inc. announced Wednesday it has a deal to acquire Dakota Growers Pasta Co. Inc. in an all-cash transaction that values Dakota at US$240 ...
Quebecor says it won't rush to market with its new wireless business
MONTREAL - The head of media giant Quebecor Inc.'s cable TV and cellphone division said Wednesday the company won't rush to market with its wireless business, especially after seeing the struggles of ...
Terra says it favours CF acquisition bid, rebuffs Norwegian suitor
CALGARY - Canadian fertilizer giant Agrium Inc. is in danger of seeing longtime target CF Industries Holdings Inc. slip away, now that the U.S. company has won important support for a US$4.7-billion t...
Bondholder Catalyst says it backs Goldman's fight for Canwest's broadcast assets
TORONTO - A major creditor of Canwest Global Communications (TSXV:CSG) says it will stand behind Wall Street investment bank Goldman Sachs as it fights the sale of Canwest's television assets. Toro...
Oil rises on better-than-expected crude storage data, strong demand signs from China, OPEC
NEW YORK - Following a brief pullback the previous day, oil prices jumped Wednesday after a government report showed that crude stockpiles grew less than analysts had predicted, raising hopes that dem...
Wholesale inventories drop 0.2 pct in January while sales advance for 10th consecutive month
WASHINGTON - American businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses rem...
Soaring debt, a struggling economy and a looming election: is Britain facing a Greek tragedy?
LONDON - Government debt is growing, as is the deficit. The economy is struggling to get out of recession and there is talk of spending cuts or higher taxes. The unions are on edge. And the currency i...
QLT optimistic about sales of flagship drug, despite decline in revenue
QLT Inc. says it's optimistic about the potential for revenue growth on its Visudyne treatment for age-related blindness despite seeing sales drop even as it divested itself of non-core products last ...
Viterra posts Q1 profit of $10.7M, reversing year-earlier loss of $33M
REGINA - Agriculture products and transportation giant Viterra Inc. credited its recent Australian acquisition among reasons for a big turnaround in first-quarter net earnings Wednesday as revenue soa...
Dorel Industries Q4 profit rises 26 per cent to $24.2 million
MONTREAL - Dorel Industries Inc. (TSX:DII.B), the Montreal-based maker of car safety seats for children, furniture and bicycles, ended the year on a high note as its European business stabilized and i...
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