Recent Business Headlines

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at 03:19 on April 18, 2014, EDT.

Mobilicity says Telus to acquire company for $350 million in proposed sale

TORONTO - Mobilicity says it has agreed to be purchased by Telus Corp. (TSX:T) for $350 million.

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at 19:42 on April 17, 2014, EDT.

Record labels sue Internet radio provider Pandora over royalties for songs from before 1972

NEW YORK, N.Y. - Major record labels are suing Internet radio giant Pandora for copyright infringement for using songs recorded before 1972 without paying license fees.

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at 18:09 on April 17, 2014, EDT.

Goldman Sachs' earnings fall 11 per cent as bond trading slumps; bank still beats expectations

NEW YORK, N.Y. - Goldman Sachs' earnings fell in the first quarter as bond trading slumped, but the results still came in ahead of what investors expected as other parts of the bank performed well.

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at 17:15 on April 17, 2014, EDT.

Most actively traded companies on the TSX, TSX Venture Exchange

TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:

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at 16:40 on April 17, 2014, EDT.

TSX advances amid mixed bag of U.S. earnings reports, positive economic data

TORONTO - The Toronto stock market closed higher Thursday as stocks continued to find lift from this week's positive Chinese and U.S. economic data, along with a generally upbeat slate of earnings news.

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at 16:31 on April 17, 2014, EDT.

Loonie advances as rising energy prices send March inflation higher

TORONTO - The Canadian dollar closed higher Thursday amid data showing inflation coming in slightly higher than expected.

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at 15:43 on April 17, 2014, EDT.

Facebook launches location-sharing feature 'Nearby Friends' with lots of precautions

NEW YORK, N.Y. - Facebook users in the U.S. will soon be able to see which of their friends are in close proximity using a new feature the company is launching on Thursday.

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at 15:26 on April 17, 2014, EDT.

Oil rises past $104 a barrel as Ukraine jiggers offset large rise in US crude supplies

NEW YORK, N.Y. - The price of oil rose past US$104 per barrel Thursday on worries over the upheaval in Ukraine.

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at 15:12 on April 17, 2014, EDT.

Housing correction would damage Canada's economy, says BMO report

OTTAWA - A sudden and sharp correction in the housing market could have a devastating impact on the Canadian economy overall, enough to trigger another recession, says a new Bank of Montreal report.

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at 15:02 on April 17, 2014, EDT.

Telecom company Rogers doles out nearly $40 million on its two CEOs in 2013

TORONTO - Rogers Communications (TSX:RCI.B) doled out nearly $40 million last year paying the two executives who held the top position at the telecom company.

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at 11:44 on April 17, 2014, EDT.

Inflation climbs to 1.5 per cent as economists look for prices to keep rising

OTTAWA - A big jump in energy costs and cigarette prices helped push up Canada's inflation rate to 1.5 per cent last month, matching the highest level in the annualized consumer price index in almost two years.

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