×

Business Canada

  • BURLINGTON, Vt.-- The state Attorney General's office has sued a company called VerMints, saying it has mislabeled its tins of mints as Vermont products. It says from 2006 to 2010, the company sold over 1.3 million tins prominently labeled " Vermont's All Natural Mints," or " Vermont's All Natural Pastilles."

  • Oct 24- Marathon Oil Corp said on Wednesday it is in negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada as part of a strategy to shed less profitable assets. No sale of the non-operated Athabasca interest can be assured, Houston- based Marathon said.

  • NEW YORK-- Drug giant Pfizer Inc. said Wednesday that it's received conditional approval to market its lung cancer pill Xalkori for certain patients in the European Union.

  • OTTAWA, Oct 24- The Bank of Canada halved its forecast for third-quarter economic growth in Canada to 1.0 percent, annualized, on Wednesday and said the degree of slack in the economy had widened, suggesting rate hikes could come later than thought.

  • Oct 24- Marathon Oil Corp said on Wednesday it is in negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada as part of a strategy to shed less profitable assets. No sale of the non-operated Athabasca interest can be assured, Houston- based Marathon said.

  • NEW YORK, Oct 24- The euro edged lower against the dollar and yen on Wednesday after unexpectedly weak German data stoked concern the euro zone's largest economy may be headed for recession.

  • PLANO, Texas-- Dr. Pepper Snapple Group Inc.' s net income climbed 16 percent in the third quarter as the company continued to raise prices. The company, which makes 7 Up, Sunkist, Mott's and other drinks, earned $179 million, or 84 cents per share, for the three months ended Sept. 30. That's up from $154 million, or 71 cents per share, a year ago.

  • *France's Areva, Japan's Toshiba could benefit. BEIJING, Oct 24- China will approve a small number of new nuclear reactors before 2015 to be built only in coastal regions, the government said on Wednesday, as it unveiled a raft of measures to spur private investments in energy.

  • *France's Areva, Japan's Toshiba among reactor builders that could benefit. BEIJING, Oct 24- China will restrict the number of new nuclear reactor approvals to a ``small amount'' before 2015, and will only allow them to be built in coastal regions, the government said on Wednesday.

  • LOS ANGELES, Oct 23- Netflix Inc added fewer U.S. customers than Wall Street expected in the third quarter, forcing the company to roll back its year-end subscriber forecast and sending shares plunging 15 percent.

  • *Canada says meeting set for late Tuesday in Ottawa. OTTAWA/ KUALA LUMPUR, Oct 23- Representatives of Malaysia's Petronas will meet later on Tuesday with Canadian government officials who blocked the state oil company's C $5.17 billion bid for Progress Energy Resources Corp, Canadian Industry Minister Christian Paradis said.

  • NEW YORK- Global shares slide more than 1 percent and the euro falls as a slew of weak U.S. corporate earnings results and credit rating downgrades of several indebted regions of Spain triggered a new round of fears over the global economy (MARKETS-GLOBAL/, moving shortly, by Angela Moon, 1,050 words).

  • *DuPont's earnings forecast, job cuts weigh on oil. Chemical company DuPont lowered its earnings forecast, announced 1,500 job cuts and posted lower-than-expected profit, helping push equities, oil and other commodities lower.

  • OTTAWA, Oct 23- The Bank of Canada surprised markets on Tuesday by leaning towards higher interest rates and issuing a fairly upbeat outlook on growth, adding for the first time that soaring household debt could justify eventual rate increases.

  • XL Foods' Brooks, Alberta, plant has been closed since Sept. 27 after producing beef contaminated with E. coli bacteria that sickened at least 16 people in Canada. Products including ground beef and steaks were pulled off store shelves across Canada and in most U.S. states. The U.S. Department of Agriculture halted imports last month of products traced to the plant.

  • *DuPont's earnings forecast, job cuts weigh on oil. Chemical company DuPont cuts its earnings forecast and announced 1,500 job cuts in its third-quarter earnings report that missed Wall Street expectations, helping push equities, oil and other commodities lower.

  • LOS ANGELES-- Netflix slashed its prediction for how many U.S. video-streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading.

  • *Deal positions RBC as a leading auto lender in Canada. TORONTO, Oct 23- Royal Bank of Canada has agreed to buy the Canadian auto finance and deposit arm of Ally Financial Inc in a $4.1 billion deal to expand its vehicle-lending business at a time when loan growth overall is slowing in the country.

  • A four-year boom in U.S. oil production is accelerating so fast it could help soon make the U.S. the world's top producer of oil and liquid hydrocarbons. The U.S. passed Russia this year, and is now second behind Saudi Arabia. Source: U.S. Energy Information Administration.

  • NEW YORK-- U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer. The Energy Department forecasts that U.S. production of crude and other liquid hydrocarbons, which includes biofuels, will average 11.4 million barrels per day next year.