http://www.bnn.ca/news.html BNN - News Stories en-us 04/14/2008 3:25:09 P4 04/14/2008 3:25:09 P4 http://www.bnn.ca www.bnn.ca editor@bnn.ca webmaster@bnn.ca http://www.bnn.ca/news/16334.html German industrial powerhouse Siemens AG is closing a gas turbine manufacturing plant in Hamilton, Ont., a move that will eliminate 550 factory jobs in the province.

]]> March 11, 2010 /news/16334.html http://www.bnn.ca/news/16333.html Canada's parliamentary budget officer said on Thursday he disagrees with Ottawa's overall characterization of the economy and outlook, saying his office's projections for medium-term budget deficits are "somewhat larger."

]]> March 11, 2010 /news/16333.html http://www.bnn.ca/news/16331.html The advent of 3D television does not threaten the future of big-screen Imax movies in the theater, but it does present an opportunity, the chief executive of Imax Corp. said on Thursday.

]]> March 11, 2010 /news/16331.html http://www.bnn.ca/news/16330.html Toronto-Dominion Bank chief economist Don Drummond has decided to retire at the end of June.

]]> March 11, 2010 /news/16330.html http://www.bnn.ca/news/16328.html The Bank of Canada is celebrating its 75th anniversary today. BNN gets insider perspective on how the central bank has evolved from James Powell, former central banker and author of The Bank of Canada of James Elliott Coyne.

]]> March 11, 2010 /news/16328.html http://www.bnn.ca/news/16326.html Giant-screen movie operator Imax Corp. said Thursday a strong slate of films, including the blockbuster Avatar, helped it bounce back to a fourth-quarter profit and it forecast a "very strong year" ahead.

]]> March 11, 2010 /news/16326.html http://www.bnn.ca/news/16324.html Senior Transport Canada bureaucrats found themselves on the hot seat today on Parliament Hill, forced to defend their actions in the massive recall of Toyotas over acceleration problems.

]]> March 11, 2010 /news/16324.html http://www.bnn.ca/news/16323.html Canada's economy is poised to grow by 3.1 percent this year, boosted by government stimulus, improved credit markets and a recovery in consumer spending, Royal Bank of Canada forecast Thursday.

]]> March 11, 2010 /news/16323.html http://www.bnn.ca/news/16321.html Mexico's Carlos Slim, named the world's richest man Wednesday, first showed a talent for business as a 10-year-old kid when he filled his pockets with pesos selling drinks and snacks to his family.

]]> March 11, 2010 /news/16321.html http://www.bnn.ca/news/16319.html The U.S. trade deficit narrowed unexpectedly in January as oil imports fell to their lowest since February 1999, a government report showed on Thursday.

]]> March 11, 2010 /news/16319.html http://www.bnn.ca/news/16317.html Canada's export sector is losing some momentum, though still recovering from the collapse in global trade at the height of the crisis.

]]> March 11, 2010 /news/16317.html http://www.bnn.ca/news/16314.html Chinese consumer inflation spurted to a 16-month high in February and a raft of economic data displayed broad-based strength, providing fresh arguments for policy tightening sooner rather than later.

]]> March 11, 2010 /news/16314.html http://www.bnn.ca/news/16312.html Alberta is set to backtrack on a controversial royalty regime once welcomed by the public but reviled by the energy industry as it looks to boost investment in its oil and gas reserves.

]]> March 11, 2010 /news/16312.html http://www.bnn.ca/news/16311.html London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion US, and agreed to jointly develop the Kirby oil sands project in Alberta, as the American producer refocuses on onshore U.S. fields.

]]> March 11, 2010 /news/16311.html http://www.bnn.ca/news/16308.html Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 percent over the last year, Forbes magazine said Wednesday.

]]> March 11, 2010 /news/16308.html http://www.bnn.ca/news/16306.html Toronto's main stock index managed to push higher in choppy trade Wednesday, after two days of losses, as oil prices firmed and trade data from China helped lift some mining issues.

]]> March 10, 2010 /news/16306.html http://www.bnn.ca/news/16301.html General Motors Co. will pay back roughly $8 billion US in debt to the United States and Canada before June, its chief executive said Wednesday, more quickly than the automaker had promised.

]]> March 10, 2010 /news/16301.html http://www.bnn.ca/news/16300.html McDonald's is giving away free coffee, while Tim Hortons' Roll Up The Rim To Win campaign is in full throttle. Which company is winning the coffee war?  What does it bring to the bottom line?  And, which brand tastes better? Midday Markets investigates.

]]> March 11, 2010 /news/16300.html http://www.bnn.ca/news/16298.html Viterra Inc., a Canadian-based grain handler, said Wednesday it returned to profit of $10.7 million in its first quarter on solid fertilizer demand and a contribution from its new Australian operations.

]]> March 10, 2010 /news/16298.html http://www.bnn.ca/news/16295.html Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak that the technology-heavy market shows no sign of scaling again any time soon.

]]> March 10, 2010 /news/16295.html http://www.bnn.ca/news/16294.html The generational shift on the Bank of Canada's governing council is almost complete.

]]> March 10, 2010 /news/16294.html http://www.bnn.ca/news/16292.html New York investment bank Goldman Sachs is appealing a decision to allow Shaw Communications Inc. to take control of CanWest's broadcast assets, once the company has emerged from restructuring.

]]> March 10, 2010 /news/16292.html http://www.bnn.ca/news/16289.html U.S. wholesale inventories fell modestly in January, while sales rose to their highest level since October 2008, suggesting that inventories would continue to support economic growth in the first quarter.

]]> March 10, 2010 /news/16289.html http://www.bnn.ca/news/16287.html Fertilizer producer Terra Industries Inc. said Wednesday it plans to accept a "superior" $4.68-billion US takeover bid from rival CF Industries Holdings Inc. unless Yara International boosts its competing offer.

]]> March 10, 2010 /news/16287.html http://www.bnn.ca/news/16286.html Expectations of rising interest rates, a revived economy and robust investor demand are prompting some strategists to suggest parity is around the corner.

]]> March 10, 2010 /news/16286.html http://www.bnn.ca/news/16285.html Greece is ahead of schedule with plans to tame its budget deficit and there has been no slippage in moves to rein in spending, the government said in a report submitted to the European Union.

]]> March 10, 2010 /news/16285.html http://www.bnn.ca/news/16281.html Canada's banks have moved out of crisis mode and are shifting their attention to finding new growth in a tough economy.

]]> March 10, 2010 /news/16281.html http://www.bnn.ca/news/16280.html Media and communications group Quebecor Inc. reported a quarterly profit of $73.8 million on Wednesday, helped by strong performance of its telecom segment that continued to see customer growth.

]]> March 10, 2010 /news/16280.html http://www.bnn.ca/news/16279.html Global oil demand will rise more quickly than expected in 2010, OPEC said on Wednesday, increasing the need for crude from the 12-member group which meets to set policy next week.

]]> March 10, 2010 /news/16279.html http://www.bnn.ca/news/16277.html Weak data and concerns over Britain's fiscal problems hit sterling on Wednesday, while world stocks inched up to hover near their recent six-week highs and commodities rose on the back of strong trade data from China.

]]> March 10, 2010 /news/16277.html http://www.bnn.ca/news/16275.html Toronto's main stock market index fell for a second straight session Tuesday as weaker oil and gold prices pulled resource shares lower, while most bank stocks also dropped.

]]> March 09, 2010 /news/16275.html http://www.bnn.ca/news/16272.html U.S. safety regulators and Toyota Motor Corp. dispatched investigators to San Diego Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier.

]]> March 09, 2010 /news/16272.html http://www.bnn.ca/news/16270.html The European Commission said on Tuesday it will consider banning the naked selling of derivatives contracts some EU politicians say were used by speculators to bet on a Greek bond default.

]]> March 09, 2010 /news/16270.html http://www.bnn.ca/news/16267.html Teck Resources fought its way out of a debt crunch, and its shareholders that went along for the ride have been rewarded for their patience.  The miner’s stock has soared 1014% over the last year, as CEO Don Lindsay pulled his company back from the brink. Live on location at the Prospectors and Developers Association of Canada (PDAC) conference, Lindsay shares his outlook for commodity prices, and discusses Teck’s involvement with the Vancouver Olympic Games.

]]> March 09, 2010 /news/16267.html http://www.bnn.ca/news/16266.html Cisco Systems Inc., introduced a router that it says can handle Internet traffic 12 times faster than rival products, the first upgrade in several years of its product line that directs data traffic over the Internet.

]]> March 09, 2010 /news/16266.html http://www.bnn.ca/news/16264.html Equities have had a volatile 2010 so far, but globally they remain around 73-percent higher than the low ebb of the financial crisis exactly 12 months ago.

]]> March 09, 2010 /news/16264.html http://www.bnn.ca/news/16263.html Weak U.S. labour markets are likely to justify easy money policies for quite a while longer, a top Federal Reserve official said Tuesday.

]]> March 09, 2010 /news/16263.html http://www.bnn.ca/news/16260.html Kroger Co. the largest and best-performing U.S. grocery chain, posted a higher-than-expected quarterly profit of $255.4 million US, but indicated fiscal-year earnings could miss Wall Street expectations.

]]> March 09, 2010 /news/16260.html http://www.bnn.ca/news/16258.html Chevron Corp., the second-largest U.S. oil company, said it planned to put several downstream operations up for sale, including its Pembroke refinery in the UK, and eliminate 2,000 jobs this year.

]]> March 09, 2010 /news/16258.html http://www.bnn.ca/news/16255.html The majority of Canadian employers plan to keep their payrolls stable, with another 17 percent of companies looking to hire workers in the second quarter of 2010, according to a survey of more than 1,900 companies conducted by Manpower Canada.

]]> March 09, 2010 /news/16255.html http://www.bnn.ca/news/16253.html Gold prices eased in Europe on Tuesday as a firmer American dollar curbed buying, but the metal found good support from bargain hunting around session lows after its 1 percent fall in the previous session.

]]> March 09, 2010 /news/16253.html http://www.bnn.ca/news/16252.html Bank of Nova Scotia said profit rose 17 percent in the first quarter to $988 million as domestic banking earnings surged and loan losses were lower than anticipated, beating analysts' expectations.

]]> March 09, 2010 /news/16252.html http://www.bnn.ca/news/16248.html World stocks inched lower on Tuesday from the previous day's six-week high and oil tumbled, while the yen rose broadly as investors grew cautious after a recent rally in riskier assets..

]]> March 09, 2010 /news/16248.html http://www.bnn.ca/news/16247.html The U.S. Federal Reserve is taking an additional measure to lay the groundwork for draining excess reserves from the banking system, as it seeks to remove some of the $1 trillion US in cash it injected during the global credit crisis.

]]> March 08, 2010 /news/16247.html http://www.bnn.ca/news/16245.html Air travellers seeking to book last-minute flights or fly during peak periods are counting on WestJet Airlines Ltd.'s new frequent flier program to be an improvement over Air Canada's Aeroplan loyalty plan.

]]> March 08, 2010 /news/16245.html http://www.bnn.ca/news/16242.html Shares of Research In Motion leaped more than 6 percent Monday as a tide of worry about competitive threats that had engulfed the BlackBerry smartphone maker started to recede.

]]> March 08, 2010 /news/16242.html http://www.bnn.ca/news/16241.html Canada's federal bureaucracy will shrink over the coming years as a result of budget curbs, the government said Monday, prompting one opposition party to predict a major fight over the civil service's future.

]]> March 08, 2010 /news/16241.html http://www.bnn.ca/news/16229.html McDonald's Corp. reported a 4.8-percent rise in February sales at established restaurants as strong overseas results offset softness in the United States, sending its shares up nearly 2 percent Monday.

]]> March 08, 2010 /news/16229.html http://www.bnn.ca/news/16212.html Quadra Mining said Monday it has agreed to form a joint venture with China's largest utility company to help expand its Chilean operations and fund its huge Sierra Gorda copper project, which is expected to cost over $2 billion US.

]]> March 08, 2010 /news/16212.html http://www.bnn.ca/news/16207.html The Canadian dollar hit a seven-week high Monday, extending last week's gains, as oil prices advanced.

]]> March 08, 2010 /news/16207.html http://www.bnn.ca/news/16205.html Housing activity picked up speed last month, topping expectations as builders broke ground on condominiums and other multiple-unit dwellings.

]]> March 08, 2010 /news/16205.html http://www.bnn.ca/news/16204.html Portugal became the latest euro zone country to announce austerity measures to rein in a ballooning budget deficit as bond markets eased pressure on debt-stricken Greece on Monday after a French pledge of EU help.

]]> March 08, 2010 /news/16204.html http://www.bnn.ca/news/16202.html AbitibiBowater Inc. has reached a tentative labour deal affecting about 4,000 workers, bringing the newsprint maker closer to emerging from bankruptcy protection, the company and union said on Sunday.

]]> March 08, 2010 /news/16202.html http://www.bnn.ca/news/16201.html AIG is selling its foreign life insurance unit to MetLife Inc. for about $15.5 billion US, in its second major asset sale in a week to repay the American government billions of bailout money.

]]> March 08, 2010 /news/16201.html http://www.bnn.ca/news/16199.html Oil rallied to an eight-week peak above $82 a barrel on Monday, near its highest this year, buoyed by a weaker American dollar and signs of an economic recovery in top oil consumer the United States.

]]> March 08, 2010 /news/16199.html http://www.bnn.ca/news/16020.html When it comes to federal budgets, everyone has an agenda. Business owners want lower corporate taxes; homeowners want more perks like last year’s $3-billion home renovation tax credit; while fiscal conservatives demand spending cuts. And, of course, not everyone gets what they want.

]]> February 26, 2010 /news/16020.html http://www.bnn.ca/news/15704.html BNN hosts look at how the year is unfolding, discuss their favourite stories so far in 2010, and preview some of the key stories ahead, including the federal budget in March.

 

]]> February 12, 2010 /news/15704.html http://www.bnn.ca/news/15441.html MARKET PULSE: BNN checks in with top money managers to find out how 2010 is shaping up and to learn where they see opportunity in the months ahead.

]]> February 12, 2010 /news/15441.html