Business News
Boeing Co. sends union machinists final offer in bid to avoid costly strike
Boeing Co. delivered a final contract offer to its union machinists Thursday that it said would boost pay by 11 per cent on average over three years, the latest effort by the airplane maker to avoid a...
Japan inflation rises sharply in July, up 2.4 per cent from year ago
TOKYO - Japan says its core inflation in July rose a sharp 2.4 per cent from a year earlier due to soaring food and gasoline prices. The figure marks the 10th straight month of increase for the cor...
Financials power TSX higher on latest bank earns;GDP revision takes NY higher
TORONTO - Bank stocks were responsible for a triple-digit advance on the Toronto Stock Exchange on Thursday as the latest series of earnings reports from the country's big banks encouraged investors, ...
Dell second-quarter profit drops 17 per cent and stock plunges
Computer maker Dell Inc. said Thursday its second-quarter profit fell 17 per cent, hurt in part by price cuts. Both earnings and margins fell short of Wall Street estimates, and Dell shares plunged. ...
Canada's biggest banks report $4.15B in overall earnings for third quarter
TORONTO - Canada's biggest banks wrapped up the third quarter with a 21 per cent drop in overall earnings, down to $4.15 billion, from a year-ago $5.26 billion, on losses from bad loans as the credit ...
Strategic Resource Acquisition hires financial and strategic advisers
TORONTO - Strategic Resource Acquisition Corp. (TSX:SRZ) said Thursday that it has hired Blackmont Capital Inc., Haywood Securities Inc., and Paradigm Capital Inc. to act as financial and strategic ad...
Most of Canada's iPhone users 'not into the guts' of what it can do: analyst
MONTREAL - Most of Canada's iPhone users seem to prefer the multimedia device for talking. After all of the complaints about the cost of operating the new, faster iPhone, its owners don't appear to...
Pet food chain PetSmart income drops, sales grow in second quarter
PHOENIX, Ariz. - PetSmart Inc. said Thursday its profit slipped more than 20 per cent in the second quarter even as sales grew. The company reported net income of US$37.2 million, or 30 cents per s...
U.S. jewellers look abroad to boost sales as U.S. retail sales slump
NEW YORK - Rising sales in Asia and Europe boosted Tiffany & Co.'s second-quarter profit on Thursday, signalling that strong international demand for jewelry is helping offset U.S. economic weakness. ...
Dairy and juice conglomerate Parmalat first half profit more than doubles
ROME - Italy's Parmalat said Thursday its profit for the first half of the year more than doubled thanks to settlements won from banks stemming from the 2003 collapse of the Italian dairy and juice co...
Lottery results for Thu, Aug 28
