CJAD - Business News

UAW and American Axle reach tentative deal that could end strike

Sun, 18 May 2008 04:39:49 +0000

DETROIT - American Axle and Manufacturing Holdings Inc. boosted its wage offer and increased the payments it will give workers to take a wage cut as part of a tentative agreement that could settle an ...

U.S. Forest Service to require bond for Canadian company's mine in Idaho

Sun, 18 May 2008 04:39:43 +0000

BOISE, Idaho - The U.S. Forest Service is requiring that a Canadian company post bonds before exploring or expanding a gold mine in Idaho. Toronto-based Atlanta Gold (TSX:ATG) will be required to p...

UAW, American Axle reach deal that could end strike

Sat, 17 May 2008 06:58:39 +0000

DETROIT - A bitter 80-day United Auto Workers strike against an auto parts maker that has crippled dozens of General Motors Corp. factories could be coming to an end soon with a tentative contract agr...

Source: UAW, American Axle reach deal that could end strike

Sat, 17 May 2008 03:28:26 +0000

DETROIT - A person briefed on the talks says the United Auto Workers have reached an agreement with American Axle and Manufacturing Holdings Inc. that could end an 11-week strike. The person spoke ...

General Motors workers ratify new tentative agreement in three locations

Sat, 17 May 2008 02:26:49 +0000

TORONTO - Canadian Auto Workers members at three General Motors locations in Ontario ratified a new collective agreement on Friday. The union said Local 1973 in Windsor voted 97 per cent in favour,...

Premium Brands says chief executive Fred Knoedler has died of cancer

Sat, 17 May 2008 00:58:24 +0000

VANCOUVER - Premium Brands Income Fund (TSX:PBI.UN) said Friday that chief executive Fred Knoedler has died of cancer. The fund, which distributes foods under such brands as Grimm's deli products a...

Oil sets record near US$128 a barrel; pump price at high, too

Sat, 17 May 2008 00:34:54 +0000

NEW YORK - News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets - the move wasn't anywhere near the kind of production increase needed t...

Biovail subsidiary reaches deal with U.S. regulators over Cardizem drug launch

Fri, 16 May 2008 23:02:10 +0000

TORONTO - A subsidiary of Biovail Corp. (TSX:BVF) has agreed to pay US$24.6 million to settle U.S. criminal allegatons related to the launch of Cardizem LA blood-pressure drug in 2003, part of the Can...

Air Canada fails transparency test in adopting fuel surcharges, observers say

Fri, 16 May 2008 22:16:56 +0000

MONTREAL - Air Canada (TSX:AC.B) failed the test of transparency by not being up front enough in informing the public about new fuel surcharges, industry observers said Friday. Unlike rival WestJet...

General Motors workers ratify local Michigan contract to end that strike

Fri, 16 May 2008 22:05:16 +0000

LANSING, Mich. - A striking United Auto Workers local at a key General Motors Corp. factory ratified a new contract with the company Friday afternoon and will resume production on Monday. UAW Local...

Bombardier shares soar to highest level in nearly six years as ratings upgraded

Fri, 16 May 2008 21:48:31 +0000

MONTREAL - Bombardier Inc. (TSX:BBD.B) shares soared Friday to the highest level in nearly six years as another rating agency upgraded the transportation giant's debt ratings. The Montreal-based ae...

California winemaking patriarch Robert Mondavi dead at 94, spokesman says

Fri, 16 May 2008 21:48:32 +0000

BERKELEY, Calif. - Robert Mondavi, the pioneering vintner who put California wine country on the global map, has died. He was 94. Mondavi died peacefully at his home in Yountville, Calif. on Friday...

Increased exports help Hydro-Quebec to raise Q1 profit by 1.3 per cent to $1.4B

Fri, 16 May 2008 21:27:45 +0000

MONTREAL - Hydro-Quebec's first-quarter net income rose 1.3 per cent to $1.45 billion on $3.77 billion in revenue thanks in part to higher sales of electricity outside the province. The result comp...

SFK Pulp Fund netted lower Q1 profit from strong loonie

Fri, 16 May 2008 21:27:42 +0000

MONTREAL - With new leadership and strong market conditions, SFK Pulp Fund (TSX:SFK.UN) said Friday that it's well-positioned for the future despite taking a hit from a strong Canadian dollar and high...

Superior Court judge delays ABCP restructuring decision over legal releases

Fri, 16 May 2008 21:27:53 +0000

TORONTO - An Ontario Superior Court judge has delayed a decision on restructuring $32 billion worth of frozen asset-backed commercial paper as he continues to examine legal provisions that would prote...