AM 1450 - Business News

Most actively traded companies on the TSX, TSX Venture Exchange markets

Fri, 30 Jul 2010 21:40:31 +0000

TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (11,713.43 down 15.21 points): Osisko Mining Corp. (T...

Brookfield Properties refocuses on office portfolio, picks up assets down under

Fri, 30 Jul 2010 21:27:34 +0000

TORONTO - Brookfield Properties Corp. plans to sell its residential real estate assets and focus on buying up office towers around the world, beginning in Australia where it will buy a portfolio of pr...

TSX ends in negative territory on economic data, despite fight for gains

Fri, 30 Jul 2010 21:27:42 +0000

TORONTO - The Toronto stock market fought a losing battle to emerge from the red on Friday as investors weighed underwhelming readings for both Canadian and U.S. economies. The S&P/TSX composite in...

Domtar coming off best quarter poised to grow business despite pricing pressures

Fri, 30 Jul 2010 21:27:41 +0000

MONTREAL - Domtar said it is coming off its best ever operating quarter poised to take advantage of opportunities to grow its business despite anticipated pressure on paper shipments and pulp selling ...

Ontario will run airport link instead of private company after deal collapses

Fri, 30 Jul 2010 19:36:15 +0000

TORONTO - A provincial agency will now build a rail link between Toronto's Union Station and the city's international airport after a long-standing deal with a private company collapsed. Metrolinx,...

Crews find sediment in Gulf relief well, delaying effort to stop gusher for good

Fri, 30 Jul 2010 19:00:56 +0000

NEW ORLEANS - The government's point man for the Gulf oil spill says there's been a delay in a procedure that will help stop the gusher for good. Coast Guard Adm. Thad Allen said Friday that debris...

Stock markets struggle for gains in volatile trading on GDP numbers

Fri, 30 Jul 2010 19:00:54 +0000

TORONTO - The Toronto stock market continued to struggle below the breakeven point Friday afternoon as North American markets endured volatile trading on the heels of underwhelming readings for both C...

Brookfield Properties to focus on office portfolio, picks up assets down under

Fri, 30 Jul 2010 19:00:34 +0000

TORONTO - Brookfield Properties is divesting its North American residential assets to focus on office towers around the world, including in Australia where it will acquire a real-estate portfolio from...

US recovery slows in second quarter to weakest pace in nearly a year

Fri, 30 Jul 2010 16:34:18 +0000

WASHINGTON - The American economic recovery lost momentum in the spring as growth slowed to a 2.4 per cent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment. ...

Angiotech Pharmaceuticals second-quarter loss widens to US$14.1 million

Fri, 30 Jul 2010 15:36:10 +0000

VANCOUVER - Angiotech Pharmaceuticals Inc. (TSX:ANP) reported Friday a second-quarter loss of US$14.1 million, deeper than its year-ago loss of $11.9 million as royalties from its Taxus coronary stent...

Brookfield Properties to sell residential holdings to focus on office portfolio

Fri, 30 Jul 2010 14:32:26 +0000

TORONTO - The Brookfield group is reorganizing its real-estate holdings around the world, with 16 major office properties in Australia being transferred from the Canadian parent company to one of its ...

Oil below $78 a barrel in Europe as global stocks drop ahead of Q2 US GDP report

Fri, 30 Jul 2010 13:17:57 +0000

LONDON - Oil prices fell below US$78 a barrel Friday as investors worried about the state of the U.S. economic recovery ahead key growth data due later in the day. Benchmark crude for September del...

Honda posts record quarterly profit on growth in Asia, North America

Fri, 30 Jul 2010 09:24:57 +0000

TOKYO - Honda reported a record quarterly profit of 272.4 billion yen (US$3.2 billion) as auto sales grew in North America, Japan and the rest of Asia. Honda Motor Co. said Friday its profit for Ap...

Airbus parent EADS reports 61 per cent decline in net profit

Fri, 30 Jul 2010 06:45:35 +0000

PARIS - EADS NV, the parent company of plane-maker Airbus, on Friday raised its outlook for 2010 _ despite a 61 per cent drop in second quarter earnings _ as its commercial aviation business takes off...

Renault swings back strongly into profit as Q2 car sales rise sharply

Fri, 30 Jul 2010 06:45:40 +0000

PARIS - Renault SA says it returned to profit in the second quarter as higher car sales in all regions helped reverse massive losses a year earlier. Europe's number three car maker reported net pro...