Several recalls were announced this week, including a recall of more than 202,000 Ford vehicles. » Read More
*Parliament held an emergency debate Wednesday night on how to respond to an E. coli outbreak that has triggered the country's largest beef recall and sent the Harper government scrambling to defend the safety of Canada's food supply.
*Canadian company D-Wave lands $30 million investment.
By Miranda Maxwell MELBOURNE, Oct 4- TPG Capital Management LP's. $700 million bid for Billabong International Ltd. Shares in Billabong fell as much as 23 percent to A $1.015, their lowest in more than three months, and last traded down 18.3 percent at A $1.075 before being placed on a trading halt.
*Britain's FTSE 100 is set to open 12 to 17 points higher, or as much as 0.3 percent, according to financial bookmakers. FTSE index closed up 0.3 percent, or 16.36 points higher, at 5,825.81 points on Wednesday driven by gains in "defensive" stocks seen as the most resilient to an economic downturn.
For more on the company, double click TELIASONERA. "As a company you have a responsibility to ask questions, and my impression is that TeliaSonera has not really thought through how things work in this kind of countries," Szyber said.
*Announce Cameron River 3 D survey, a 470 square km onshore 3 D multi-client project located in NE British Columbia, Canada. *The survey will be acquired along the prolific liquids-rich Triassic Montney and Doig unconventional fairways. *The seismic data will be processed by Arcis.
MELBOURNE, Oct 4- Australia's Billabong International Ltd lost almost a quarter of its market value after a report said the last remaining bidder, private equity firm TPG Capital Management LP, might follow former suitors and ditch its takeover offer for the surfwear retailer.
By Miranda Maxwell and Denny Thomas. MELBOURNE/ HONG KONG, Oct 4- A private equity firm founded by Chinese billionaire Yu Yong and a fund backed by state-owned China Development Bank have offered to buy Australian-listed copper explorer Discovery Metals Ltd, valung the company at about $850 million.
HONG KONG, Oct 4- Hong Kong shares were set to open slightly higher on Thursday with defensive sectors such as telecoms continuing to attract investor interest although gains are likely to be capped by weakness in oil producers after crude prices slumped overnight.
KEDJWICK, New Brunswick-- Police in Canada have seized more than 600 barrels of maple syrup in New Brunswick as part of an investigation into the theft of millions worth of syrup in Quebec and are transporting it back to Quebec under police protection, officials said Wednesday.
*Air Canada load factor a record 84.9 pct, traffic up. Oct 3- Canada's two largest airlines, Air Canada. The load factor on Air Canada's flights to Australia, the Caribbean, Mexico, Central and South America made the biggest jump, to 82.9 percent from 79.4 percent in the same period last year.
TORONTO, Oct 3- Canada's main stock index ended modestly lower on Wednesday, as signs of a worsening economic slowdown in China and Europe weighed on commodity prices and resource shares, offsetting better-than-expected U.S. data. Canadian Natural Resources was the most influential decliner, down 2.9 percent to C $30.28.
OTTAWA, Oct 3- Canada's ruling Conservatives will defeat a parliamentary motion asking the government to hold public consultations during its review of the $15.1 billion bid by China's state-owned CNOOC Ltd to buy Canadian oil company Nexen Inc, Industry Minister Christian Paradis said on Wednesday.
Oct 3- Fitch Ratings has upgraded the Issuer Default Ratings of CF Industries Holdings, Inc.. and CF Industries Inc. to' BBB' from' BBB-'. A slump in corn production caused by this past season's drought and high temperatures have combined with speculation to push corn prices up to $7.50/ bushel from $5/ bushel last June.
TORONTO, Oct 3- Canada's main stock index ended slightly lower on Wednesday, as signs of a worsening economic slowdown in China and Europe weighed on commodity prices and resource shares, offsetting better-than-expected U.S. data. The Toronto Stock Exchange's S&P/TSX composite index. ended down 31.76 points, or 0.26 percent, at 12,359.47.
The asset management and investment firm hired vetran brokers E.H. Stanley Jr. and Geddings H. Crawford Jr, who previously worked at Morgan Stanley Wealth Management, the brokerage majority-owned by Morgan Stanley. The asset management business of Aviva Plc named Patrick Brien as chief executive of its Asia Pacific region.
OTTAWA, Oct 3- Canada's official opposition New Democratic Party will unveil its position on CNOOC Ltd's. $15.1 billion bid for oil Canadian producer Nexen Inc. Keywords: NEXEN CNOOC/ CANADA OPPOSITION.
*XL Foods took five days to provide all information. Authorities learned about the presence of E. coli in beef produced at the XL Foods plant in Brooks, Alberta, from U.S. authorities on Sept. 4, triggering a Canadian investigation.
WASHINGTON, Oct 3- The United States has taken steps to shut down several fake tech support scams that have cost consumers tens of millions of dollars, the Federal Trade Commission said on Wednesday.