Business News
Little progress reported in bargaining with Vale Inco as deadline approaches
SUDBURY, Ont. - Sudbury's largest employer could soon be looking at strike action. With a deadline quickly approaching, steelworkers say Sunday that very little progress has been made at the bargai...
Shares fall as Dubai's Emaar Properties shuts Algeria office
DUBAI, United Arab Emirates - Shares of the Dubai developer building the world's tallest skyscraper extended their slide Sunday after the company shut an office overseeing $20 billion worth of real es...
Q2 earnings, Canadian unemployment data could disappoint investors
TORONTO - Investors' optimistic mood seems to be fading, and could darken further this week as second-quarter earnings begin to trickle out and Canada releases its unemployment numbers for June. Th...
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...
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