820 Cham - Business News

Exxon seeks $800 million from Alaska over gas, oil leases

Tue, 13 May 2008 08:08:30 +0000

JUNEAU, Alaska - Exxon Mobil Corp. asked Monday that Alaska pay $800 million in damages, claiming the state breached a deal when it revoked gas and oil leases on a North Slope oil field. The Irving...

Wendy's incoming chief executive says employees should expect job cuts

Tue, 13 May 2008 01:31:40 +0000

DUBLIN, Ohio - Employees of Wendy's International Inc. should prepare for job cuts as the acquisition of the nation's third-largest hamburger chain by the owner of Arby's roast beef sandwich restauran...

MDA CEO says it will build up space division and possibly try to sell again

Tue, 13 May 2008 00:44:25 +0000

VANCOUVER - The CEO of MacDonald Dettwiler and Associates Ltd. (TSX:MDA) said Ottawa's decision to block the sale of its space division to an American defence contractor was a "misunderstanding," and ...

BHP Billiton Diamonds to acquire Anglo Potash for $284 million in cash

Tue, 13 May 2008 00:44:29 +0000

CALGARY - A small Calgary potash explorer is being taken over by BHP Billiton as the world's biggest miner tries to cash in on soaring demand for fertilizer in global agricultural markets. Anglo Po...

Compton Petroleum reviews spending plans amid high prices, positive drilling

Mon, 12 May 2008 23:06:00 +0000

CALGARY - Rising commodity prices and good drilling results could spur Compton Petroleum Corp. (TSX:CMT) to rework its 2008 budget, the company's chief executive said Monday after the company said fir...

RIM's BlackBerry Bold aimed globally at professionals on high-speed networks

Mon, 12 May 2008 23:05:54 +0000

MONTREAL - Research In Motion's (TSX:RIM) new BlackBerry Bold is designed for high-speed networks and is aimed at business professionals globally, allowing them to send and receive e-mails while also ...

EnCana split could attract takeover bids from big players: analysts

Mon, 12 May 2008 23:06:02 +0000

CALGARY - The two distinct companies that emerge from the breakup of EnCana Corp. (TSX:ECA) could attract takeover bids from deep-pocketed energy firms, industry observers said Monday. Under the pr...

TransCanada sells power from US$500M Arizona plant, seals new pipeline deal

Mon, 12 May 2008 22:08:57 +0000

CALGARY - Gas shipper and power producer TransCanada Corp. (TSX:TRP) has announced two significant deals that will expand its growing operations in the United States. The Calgary company said Monda...

Morneau Sobeco acquires Shepell-fgi, plans $153-million equity financing

Mon, 12 May 2008 22:09:07 +0000

TORONTO - Pension consulting firm Morneau Sobeco Income Fund (TSX: MSI.UN) announced Monday that it has bought Shepell-fgi from Clairvest Group Inc. for $321.9 million, to be paid over two years. T...

MDA says Q1 profit rose 23 per cent; strong C$ cuts into revenues

Mon, 12 May 2008 22:08:54 +0000

VANCOUVER - MacDonald Dettwiler and Associates Ltd. (TSX:MDA), which had the sale of its space division to a U.S. defence contractor officially blocked by Ottawa last week, said profit in the first qu...

TSX hits new closing high on EnCana, RIM announcements; NY also higher

Mon, 12 May 2008 22:09:00 +0000

TORONTO - Major announcements from Toronto stock market heavyweights EnCana Corp. (TSX:ECA) and Research In Motion Ltd. (TSX:RIM) helped send the TSX to a record close, besting the level set July 19 l...

Engineer testifies 'crazy' Livent duo sucked him into phoney invoice scheme

Mon, 12 May 2008 21:35:42 +0000

TORONTO - The fraud and forgery trial of two of North America's best known theatre impresarios heard from a project engineer Monday that Garth Drabinsky and Myron Gottlieb sucked him into a phoney inv...

TSX hits new closing high on EnCana, RIM announcements;NY also higher

Mon, 12 May 2008 21:01:11 +0000

Home Capital Q1 net up 19 per cent to $25.2M on solid mortgage and card results

Mon, 12 May 2008 20:33:41 +0000

TORONTO - Home Capital Group Inc. (TSX: HCG) should see strong results for the rest of the year given Canada's stable housing market, CEO Gerald Soloway predicted Monday as the mortgage company said i...

Caisse realizes 'meaningful' gain on sale of 20 pct of shares in BAA

Mon, 12 May 2008 20:33:40 +0000

MONTREAL - Pension manager Caisse de depot et placement du Quebec reported Monday that it made a "meaningful" gain on the sale of 20 per cent of its stake in airport operator British Airport Authority...