Business News
Stocks pare early gains, service sector data takes shine off employment report
TORONTO - The Toronto stock market gave up early strong gains by late morning Friday as a weaker than expected reading on the U.S. non-manufacturing sector cancelled out much early enthusiasm over Ame...
Companies add 67,000 workers in August; unemployment rate climbs to 9.6 per cent
WASHINGTON - Private employers in the United States hired more workers over the past three months than first thought, lifting hopes for the weak economy ahead of the Labour Day weekend. But the unempl...
Stock markets open higher as U.S. employment data beats forecasts
TORONTO - The Toronto stock market was positive Friday morning as U.S. jobs data blew past expectations while investors took in a major deal in the gold sector. The S&P/TSX composite index gained 6...
US companies add 67K workers in August; unemployment rate climbs to 9.6 per cent
WASHINGTON - Private employers in the United States hired more workers over the past three month than first thought, lifting hopes for the weak economy. But the unemployment rate rose in August for th...
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...
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...
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 ...
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...
