Business Canada

More

  • CAIRO-- Syria's wealthy, long cultivated by President Bashar Assad as a support for his regime, are seeing their businesses pummeled by the bloody civil war. Assad may not have lost the backing of Syria's business elite, but some are losing faith.

  • THE SPARK: Late Tuesday, United Rentals reported net income of $73 million, or 70 cents per share, compared with $65 million, or 91 cents per share, in the third quarter of 2011. Excluding one-time items, the company said it posted an adjusted profit of $1.35 per share.

  • CALGARY, Alberta-- A Canadian subsidiary of Exxon Mobil is acquiring the oil and gas exploration firm Celtic Exploration Ltd. for $2.63 billion. ExxonMobil Canada gets access to 649,000 acres in two shale formations, the Montney and Duvernay, as well as additional acreage in other parts of Alberta, the company said.

  • BOSTON-- Satcon Technology Corp. on Wednesday filed for Chapter 11 bankruptcy protection following years of financial struggles and a severe downturn in the solar power industry.

  • TORONTO-- The NHL has released details of its latest collective bargaining proposal to the public. In an unprecedented move, the league has published the documents it handed over to the NHL Players' Association on Tuesday in an attempt to save a full 82- game season and end the third lockout of Commissioner Gary Bettman's tenure.

  • Canada Better Economy Than US? Do the Math!

    CNBC's Rick Santelli, digs deep to find out whether Canada is in better economic shape than the United States.

  • MONTPELIER, Vt.-- Maple syrup producers will get a chance to weigh in on whether Vermont should do away with the term fancy for its maple syrup. The proposed changes to the maple grading system would unify the classification system across the United States and Canada.

  • TORONTO-- An Air Canada passenger flight bound for Sydney helped pinpoint the location of a yacht in trouble off the coast of Australia. Air Canada said its plane swooped down at about 1,200 meters while the crew peered out using binoculars borrowed from passengers.

  • HAVANA-- For the first time since the height of the Cold War more than half a century ago, Cuba is giving its people the freedom to leave the country without government permission, scrapping the detested exit visa that kept many from traveling outside the communist nation for even a few days. said Mercedes Delgado, a 73- year-old retiree. "

  • PORTLAND, Ore.-- After betting more than $5 million they could persuade voters to approve Oregon's first privately owned casino, the Canadian developers folded their hand Tuesday, saying they would suspend their campaign because there isn't enough support from voters.

  • The deal gives ExxonMobil Canada access to 649,000 acres in two shale formations, the Montney and Duvernay, as well as additional acreage in other parts of Alberta, the company said. Those include acres in the Inga area of British Columbia, the Grande Cache area of Alberta, and oil and gas properties in Karr, Alberta, the company said.

  • CHICAGO-- The NFL is doubling down on London. The league announced Tuesday that the Minnesota Vikings will host the Pittsburgh Steelers at London's Wembley Stadium on Sept. 29, 2013. This is the first time the NFL will play two regular-season games in London in the same season.

  • GREENWICH, Conn.-- United Rentals Inc. said Tuesday that its third-quarter profit rose 12.3 percent as revenue surged amid demand for its industrial and commercial rental equipment. Greenwich, Conn.- based United Rentals, with more than 800 locations in the U.S. and Canada, calls itself the largest equipment rental company in the world.

  • SAN FRANCISCO-- In a case seeking to stop California's first-in-the-nation mandate requiring fuel producers to reduce greenhouse gas emissions, federal justices on Tuesday focused their questions on whether the law discriminates against out-of-state businesses.

  • TORONTO-- The NHL has made a new offer to the players' association that proposes a 50-50 split of hockey-related revenue and a full 82- game season starting Nov. 2. When asked if the new proposal was an improvement over previous offers made by the NHL, Fehr said: "In some respects I think it is.

  • RICHMOND, Va.-- Cigarette maker Philip Morris International Inc., which sells Marlboro and other brands abroad, expects a slowdown in the third quarter as it laps large cigarette volume gains last year. Philip Morris International has compensated for consumers buying fewer, or cheaper, cigarettes _ and for the weak economy _ by cutting costs and raising prices.

  • EL DORADO, Ark.-- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations. Murphy Oil will continue to explore for and produce oil in the U.S., Canada and Malaysia.

  • The change will put the North American, international, online, outlet and franchise divisions under a single global executive for each of the company's brands _ Gap, Banana Republic and Old Navy.

  • EL DORADO, Ark.-- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations. Murphy will become an independent oil exploration and production company focused on the U.S., Canada and Malaysia.

  • NEW YORK-- Shares of AuRico Gold Inc. rose 4 percent Monday after the Canadian mining company announced preliminary production results from its new mine in northern Ontario. The Ocampo mine produced 21,916 gold equivalent ounces at cash costs of $754 per gold equivalent ounce.