Business Canada

  • Nov 1- Newmont Mining Corp, the world's second-largest gold producer, reported a lower-than-expected quarterly profit after a steep fall in production and a sharp rise in costs at its big Batu Hijau copper and gold mine in Indonesia.

  • Nov 1- Newmont Mining Corp, the world's second-largest gold producer, reported a lower-than-expected quarterly profit after a steep fall in production and a sharp rise in costs at its big Batu Hijau copper and gold mine in Indonesia.

  • Ford Motor Co of Canada remained Canada's top-selling automaker in October with total sales increasing 7 percent. Having recorded sales of 135,000 in October, Canada is on track to reach 1.7 million units sold in 2012. Sales reached more than 1.7 million vehicles only once before, in 2002..

  • *Quebec- based plant makes parts for rail cars. *Customers include New Jersey, Chicago transit groups. Nov 1- Some 330 workers at a Quebec- based rail-car factory belonging to Bombardier Inc, the world's biggest train-maker, went on strike on Thursday over outsourcing and pension fund issues, the company and union said.

  • *Buys private oil company with assets in Utah's Uinta Basin. CALGARY, Alberta, Nov 1- Crescent Point Energy Corp, Canada's No. 4 independent oil-exploration company, said on Thursday it will buy privately held oil and gas producer Ute Energy Upstream Holdings LLC for $784 million in cash to gain oil production in the Uinta basin in northern Utah.

  • SEATTLE, Nov 1- Days after launching Windows 8, Microsoft Corp is mounting a strong campaign to win over the software developers it needs to kick-start its new operating system. A lack of apps is Microsoft's Achilles heel as it attempts to catch Apple Inc and Google Inc in the rush toward mobile computing.

  • WASHINGTON-- Amtrak may resume service between New York City and Boston on Friday if commuter rail tracks damaged by Superstorm Sandy are repaired in time, Joseph Boardman, the railroad's president, said late Thursday. The storm flooded two train tunnels under the Hudson River and four under the East River.

  • *Q3 adj EPS $0.85 v Street view $0.98. TORONTO, Nov 1- Barrick Gold Corp reported a sharp drop in third-quarter profit on Thursday, nudged back the production date for its massive Pascua-Lama gold and silver mine and increased its estimate on costs.

  • *Canada keen to diversify exports away from United States. OTTAWA, Nov 1- Canada and the European Union still have plenty of work to do on a proposed free trade treaty that is supposed to be finished by the end of the year, officials from both sides said on Thursday.

  • CALGARY, Alberta, Nov 1- Suncor Energy Inc said on Thursday that rising light oil production threatens the profitability of a massive new upgrading facility planned by Canada's dominant oil sands producer as it delayed plans to expand output from the world's third-largest oil reserve.

  • *PM, on Nov 3-11 Asian trip, will say Canada open for business. OTTAWA, Nov 1- Prime Minister Stephen Harper will promote Canada as open for business during a Nov. 3-11 trip to Asia, although he is not likely to unveil long-awaited guidelines for foreign takeovers of Canadian firms, an aide said on Thursday.

  • NEW YORK- Huge logistical problems from power failures and navigational hazards roil the massive New York Harbor oil hub in the wake of Hurricane Sandy, threatening widespread delays in fuel deliveries off the New York Mercantile Exchange's futures contracts (STORM-SANDY/CME-DELIVERIES, moving shortly, 800 words).

  • *Q3 EPS C $0.74 vs C $0.83 a year earlier. Nov 1- BCE Inc, Canada's biggest telecom provider, said on Thursday its quarterly profit fell from a year earlier, when lower tax expenses boosted results, and its shares dropped despite strong wireless and media results.

  • Nov 1- Ford Motor Co of Canada remained Canada's top-selling automaker in October with total sales increasing 7 percent largely on the back of a nearly 17 percent jump in passenger car sales, the company said on Thursday. Ford of Canada, a wholly-owned unit of Ford Motor Co, said total vehicle sales increased to 20,565 last month from 19,190 in October 2011.

  • CALGARY, Alberta, Nov 1- Husky Energy Inc expects no cost overrun or delay at its C $2.5 billion Sunrise oil sands project in Alberta, despite a tightening labor supply and growing industry-wide inflation, Chief Executive Asim Ghosh said on Thursday. ``We have a reasonable handle on where we are.

  • *Sources say review of CNOOC bid for Nexen set to be extended. The Conservative government has promised to present new guidelines at around the same time it announces its decision on whether to approve a $15.1 billion bid by China's state-owned CNOOC Ltd to take over oil producer Nexen Inc.

  • Nov 1- Chrysler Canada said on Thursday its sales in October rose 3 percent over a year before, continuing its nearly three-year run of stronger sales largely on the back of higher passenger car sales.

  • *Q3 EPS C $0.74 vs C $0.83 year earlier. Nov 1- BCE Inc, Canada's biggest telecom provider, said on Thursday its quarterly profit had fallen from a year earlier, when lower tax expenses boosted results, and its shares fell even as it reported strong wireless and media results.

  • Nov 1- Exxon Mobil Corp, the world's largest publicly traded oil company, reported a quarterly profit on Thursday that topped expectations, as higher margins from its refining arm countered a 7.5 percent decline in oil and gas output. Earlier this month, Exxon agreed to buy Celtic Exploration Ltd for $2.64 billion.

  • Nov 1- Exxon Mobil Corp, the world's largest publicly traded oil company, reported a quarterly profit on Thursday that topped expectations, as higher margins from its refining arm countered a 7.5 decline in oil and gas output. Earlier this month, Exxon agreed to buy Celtic Exploration Ltd for $2.64 billion.