Business News

Commodity stocks and earnings likely to pressure TSX this coming week

TORONTO - The Toronto stock market is likely to see more declines in the coming week as commodity stocks drift lower and investors look to a second-quarter earnings season that is likely to be a letdo...

BioBag Canada benefits from environmentally conscious consumers

VANCOUVER - With standard plastic bags now considered the enemy of environmentally conscious consumers, alternatives to polyethylene are becoming increasingly popular including biodegradable bags that...

EFT Canada agrees to buy privately owned California company Secure Payment Systems

TORONTO - Toronto-based electronic payment services firm EFT Canada Inc (TSXV:EFT) said Friday it has agreed to buy U.S. company Secure Payment Systems Inc. for an undisclosed amount. Trading of EF...

American Airlines to cutting 1,500 maintenance jobs around the U.S.

DALLAS - American Airlines will cut 1,500 jobs in its maintenance division as it reduces its fleet of aircraft. The largest U.S. airline told employees of the cuts in memos this week. American didn...

Peruvian government issues emergency decree near Gold Hawk plant

VANCOUVER - Gold Hawk Resources Inc. (TSXV:CGK) said Friday the Peruvian government has issued an emergency decree for a hillside near its Coricancha processing plant and tailings area and called for ...

Most actively traded companies on Canadian stock markets

TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (up 55.71 points at 13,515.96): Eastern Platinum ...

TigerTel annual income doubles to $1.1 million in fiscal 2008

MISSISSAUGA, Ont. - TigerTel Communications Inc. (TSXV:TTL) had net income of $1.1 million for the financial year ended April 30, double what it had in fiscal 2007 as revenue increased nearly 16 per c...

Citigroup posts $2.5B quarterly loss, but beats Wall Street expectations

NEW YORK - Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion second-quarter loss that was smaller than expected. Cit...

General Properties strikes deal to acquire Yarnell gold mine in Arizona

CALGARY - General Properties Ltd. (TSXV:GPL), a Calgary-based mineral developer with holdings in northern Alberta, has struck a joint venture deal with CaNev Resources Corp. and Yarnell Mining Co. Inc...

Federal prosecutors eye more charges for Bear Stearns executives

NEW YORK - Federal prosecutors in the United States confirmed Friday that they expect to bring more criminal charges against two former Bear Stearns hedge fund managers already accused of lying to inv...