Business News
General Motors says sale of Opel to Magna nearing completion
BERLIN - Negotiations for the sale of General Motors Corp.'s German unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and should soon be complete, the head of GM Europe said i...
Venezuela takes control of Spanish-owned Banco de Venezuela in nationalization
CARACAS, Venezuela - President Hugo Chavez's government has taken control of the country's third largest bank - Banco de Venezuela. The government agreed in May to pay Spain's Grupo Santander more ...
Bell installation and repair technicians vote to approve new five-year contract
TORONTO - The union representing 2,500 Bell installation and repair technicians in Ontario said Friday the workers have voted to accept a new five-year contract. The contract will increase wages fo...
Chinese company makes bids for GM's Opel division; alternative to Magna
TORONTO - General Motors Corp. confirmed Friday it has received a non-binding offer from a Chinese concern for its Opel division. GM Europe spokesman Christopher Preuss refused to give details of t...
Net mutual fund redemptions between $1.3B and $1.8B for June, IFIC says
TORONTO - Net redemptions of mutual funds for June were estimated to be between $1.3 billion and $1.8 billion, according to the Investment Funds Institute of Canada. IFIC estimated Friday that net ...
Talks between Air Canada, machinists' union likely to stretch through weekend
MONTREAL - Talks between Air Canada (TSX:AC.B) and the union representing its mechanics and technical staff will likely continue through the weekend as the airline tries to obtain a wage freeze and pe...
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