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Business News
British Airways crew launches 3-day strike, forcing airline to cancel thousands of flights
LONDON - British Airways was scrambling to deal with a three-day strike launched by cabin crew Saturday, throwing the plans of tens of thousands of travellers into chaos and risking harm to the Labour...
Britain's opposition Conservative Party pledges to impose unilateral bank tax
LONDON - Britain's main opposition Conservative Party says it will impose a new tax on banks to avoid taxpayers bearing the cost of any future bailouts if the party wins upcoming general elections. ...
Talks between British Airways, union collapse; strike affecting thousands of travellers begins
LONDON - A three-day strike by British Airways cabin crew affecting thousands of travellers began Saturday after last-ditch talks between the airline's management and union leaders collapsed. The w...
Regulators shut banks in Alabama, Georgia, Minnesota, Ohio and Utah; makes 37 this year
WASHINGTON - Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year. The closings follow the 140 that succumbed in 2009 t...
TMX Group to reduce fees for securities trading at $1 or higher on TSX
TORONTO - TMX Group Inc. (TSX:X) says it will reduce its trading fees for securities trading at $1 or higher on the Toronto Stock Exchange and the TSX Venture Exchange. The changes, which will take...
Barrick Gold expects US$834M in proceeds from IPO of African division
TORONTO - Barrick Gold Corp. (TSX:ABX) expects that an initial public offering for a quarter stake in its African properties will reap US$834 million in cash for the global mining giant. Toronto-ba...
Oil tumbles near US$80 a barrel as stronger dollar stalls month-long rally
NEW YORK - Oil prices slumped at the end of the week as continued uncertainty about Greece's economy helped lift the U.S. currency higher. Benchmark crude for April delivery dropped $1.52 to settle...
Icahn makes hostile bid for Lions Gate after it rejects his bid for larger stake
NEW YORK - Activist shareholder Carl Icahn raised the stakes in his year-long dispute with Lions Gate Entertainment Corp. on Friday, launching an all-out bid to take over the movie studio following di...
AbitibiBowater inches towards restructuring with initial approval of union deal
MONTREAL - AbitibiBowater is inching closer towards an exit from creditor protection after some union workers in Quebec approved concession-filled tentative agreements and the newsprint giant moved to...
TSX closes down: commodities depressed as Greek debt crisis sends U.S. dollar up
TORONTO - Commodity stocks led the way to a sharply lower session on the Toronto stock market Friday after uncertainty over the Greek financial crisis pushed the U.S. dollar higher, which in turn help...
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