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Trucking takeover: Transforce swallows Contrans

Trucking firm Transforce Inc. is buying smaller rival Contrans Inc. in a friendly deal worth about half-a-billion dollars.

Posted on 7-25-2014 at 11:15 AM
Tags: TransForce Inc

U.S. durable goods orders rebound, core capital goods rise

Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy heading into the third quarter.

Posted on 7-25-2014 at 11:06 AM
Tags: U.S. Economy

Alternative to REIT sector has eye-popping yields

Investor skepticism toward mortgage investment corporations (MICs), while understandable, may obscure an opportunity to combine stable income with capital preservation at good prices.

Posted on 7-25-2014 at 9:59 AM
Tags: Mortgages, Timbercreek Mortgage Investment Corporation

Russia raises rates in move seen as arming for sanctions

The Russian central bank unexpectedly raised interest rates on Friday, apparently preparing for possible further Western sanctions over Ukraine that could speed up capital flight from Moscow's...

Posted on 7-25-2014 at 9:50 AM
Tags: Russia

Air Canada flight to Tel Aviv lands safely as rockets fired near airport

An Air Canada flight to Tel Aviv circled above Israel's main international airport before landing on Friday after rockets were fired at the airport.

Posted on 7-25-2014 at 9:49 AM
Tags: Air Canada

Nortel U.S. unit agrees to pay bondholders $1B interest

Nortel Networks Corp.’s defunct U.S. unit agreed to pay bondholders as much as $1 billion U.S. to cover interest that investors claim has accrued since the former telecommunications giant filed for...

Posted on 7-25-2014 at 9:43 AM
Tags: Nortel

Amazon's heavy investing eats into bottom line, shares drop

Amazon.com Inc. posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics.

Posted on 7-25-2014 at 9:03 AM
Tags: Amazon

U.S., Canada to oppose World Bank’s aid projects in Russia

The U.S. and Canada will oppose World Bank projects in Russia, adding economic pressure on the country over its actions in Ukraine.

Posted on 7-25-2014 at 8:19 AM
Tags: Russia, Ukraine, World Bank

China meat scandal: McDonald’s Japan switches to Thai chicken, no nuggets in Hong Kong

McDonald’s Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported products from Shanghai Husi Food, the U.S.-owned Chinese company at the center of a food...

Posted on 7-25-2014 at 7:53 AM
Tags: China, McDonald's

In Toronto, Calgary: Put your money into REITs, not condos

Investors would be better off putting their money into real estate investment trusts that specialize in apartments than they would buying a condo to rent out in either Toronto or Calgary, real estate...

Posted on 7-25-2014 at 7:39 AM
Tags: Investing
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