Business News
New Brunswick government to pay $50 million to bank on loan guarantee
MIRAMICHI, N.B. - A lawyer for the New Brunswick government says the province will have to pay Scotiabank $50 million and then seek repayment as a creditor of the Atcon group of companies. John Log...
N.B. seafood company expanding with purchase of Quebec firm and subsidiary
BLACKS HARBOUR, N.B. - A New Brunswick seafood company is planning to expand its holdings with the purchase of a company in Quebec. Cooke Aquaculture says it has signed a letter of intent to buy Mo...
Toyota, Nissan others set up Japan group to promote electric vehicles, charging standard
TOKYO - Toyota and three other Japanese automakers together with a power company have set up a group to promote electric vehicles by standardizing recharging machines and marketing the technology abro...
Concerns about China's economy, warning about U.S. credit rating depress stocks
TORONTO - The commodities sector led the way to a decline on the Toronto stock market Monday amid concerns over sovereign debt ratings in some of the world's most powerful countries and worries that t...
Petaquilla Minerals to raise $11.9 million in financing
VANCOUVER, B.C. - Junior gold producer Petaquilla Minerals Ltd. (TSX:PTQ) plans to raise $11.9 million in a private placement to repay debt and complete development of its Molejon gold project in Pana...
Fiat to handle Chrysler sales and servicing in Europe from April
MILAN, Italy - Fiat and Chrysler, which joined in an alliance last year, have taken another step toward tighter integration. Fiat Group Automobiles SpA said Monday that it will handle the sales and...
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