Recent Business Headlines

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at 07:55 on May 28, 2015, EDT.

Royal Bank profits rise 14 per cent in second quarter

TORONTO - Royal Bank (TSX:RY) says profits jumped 14 per cent in the second quarter on earnings growth in divisions like Canadian banking and capital markets.

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at 07:40 on May 28, 2015, EDT.

TD Bank profits fall seven per cent on second-quarter restructuring charges

TORONTO - TD Bank Group (TSX:TD) says profits dropped by seven per cent in the second quarter as it booked a restructuring charge.

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at 07:35 on May 28, 2015, EDT.

Avago to buy Broadcom for $37 billion as chipmakers seek new avenues of growth

NEW YORK, N.Y. - Avago Technologies is buying rival chipmaker Broadcom in a cash and stock deal worth about $37 billion.

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at 07:15 on May 28, 2015, EDT.

CIBC profits nearly triple in Q2 after Caribbean troubles a year ago

TORONTO - Canadian Imperial Bank of Commerce (TSX:CM) says profits nearly tripled in the second quarter as its wholesale banking and wealth management divisions led growth.

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at 22:51 on May 27, 2015, EDT.

Tracy Morgan, Wal-Mart settle lawsuit over highway crash that injured him, killed his friend

NEWARK, N.J. - Actor-comedian Tracy Morgan has settled his lawsuit against Wal-Mart over a highway crash that killed one man and left Morgan and two friends seriously injured.

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at 20:59 on May 27, 2015, EDT.

Wooden Canadian National Railway bridge burns and collapses in Minnesota; busy route shut

INTERNATIONAL FALLS, Minn. - A wooden railroad bridge near Minnesota's northern border has burned and collapsed, shutting a busy train route that connects the Pacific Coast with Chicago.

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at 20:06 on May 27, 2015, EDT.

Unionized construction workers reach deal for labour stability on Site C

VICTORIA - Union and non-union workers as well as independent First Nations' contractors will build the $9-billion Site C hydroelectric dam in northern British Columbia under a deal announced Wednesday.

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at 18:58 on May 27, 2015, EDT.

Trans Mountain pipeline expansion would be 'disastrous': Vancouver mayor

VANCOUVER - New evidence proves the expansion of Kinder Morgan's Trans Mountain pipeline presents a grave threat to the City of Vancouver's health, economy and environment, said Mayor Gregor Robertson.

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at 18:12 on May 27, 2015, EDT.

State of Alberta finances 'behind the curtain' unexpected: Notley

CALGARY - Premier Rachel Notley says she and her cabinet have been surprised by the state of Alberta's finances in the first few days since the NDP took over from Jim Prentice and the Progressive Conservatives.

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at 18:08 on May 27, 2015, EDT.

Business Highlights

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at 17:48 on May 27, 2015, EDT.

Independent panel key to reforming military procurement, Kenney tells industry

OTTAWA - Defence Minister Jason Kenney pledged Tuesday that a new independent panel would reform the military's dysfunctional procurement system.

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Content Provided By Canadian Press.

 

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