Business Canada

  • *ICL, Israel Corp shares jump. JERUSALEM, Oct 31- Potash Corp, the world's largest fertiliser maker, is ramping up efforts to acquire smaller rival Israel Chemicals and has appealed directly to Israel's prime minister to back a deal.

  • *Home Depot reopens 33 stores. At Home Depot, one of the biggest challenges during the height of the storm was constantly rerouting trucks filled with supplies as local officials ordered roads closed, said Doug Spiron, Emergency Response Captain at the No. 1 home improvement chain's command center. At the peak on Monday, 44 Home Depot stores were closed.

  • NEW YORK, Oct 31- The euro rose against the dollar on Wednesday and was headed for its third straight month of gains as U.S. stocks rose after a two-day closure for Hurricane Sandy, denting safe-haven demand for the U.S. currency. On Wall Street, the Dow and S&P 500 rose at the open as equity markets reopened following a damaging storm in the U.S.

  • Northeast recovers from Hurricane Sandy, the following is a list of transportation service updates for New York, New Jersey and the District of Columbia:.

  • NEW YORK, Oct 31- The euro rose against the dollar on Wednesday and was headed for its third straight month of gains as U.S. stocks rose after a two-day closure for Hurricane Sandy, denting safe-haven demand for the U.S. currency. On Wall Street, the Dow and S&P 500 rose at the open as equity markets reopened following a damaging storm in the U.S.

  • TORONTO, Oct 31- Potash Corp of Saskatchewan acknowledged on Wednesday that it has held talks with Israeli government officials around potentially increasing its ownership stake in Israel Chemical Ltd.

  • *Bank of Canada seen on hold for longer. OTTAWA, Oct 31- The Canadian economy unexpectedly shrank by 0.1 percent in August from July, pointing to slower growth in the third quarter than in the first half of the year and supporting a Bank of Canada message that interest rate hikes are less imminent.

  • The company's margins were also higher than expected in Europe and the Atlantic Basin, which helped drive the earnings beat, Roger Read, analyst for Wells Fargo said in a note to clients. The Houston company had a third-quarter profit of $1.6 billion or $2.51 per share, compared with $1 billion or $1.65 per share a year earlier.

  • Oct 31- Canadian miner Sherritt International Corp posted a third-quarter loss on Wednesday as lower nickel prices and sales volumes, and lower exports of thermal coal weighed on revenue.

  • *Proposes dividend of $0.20 from 2013, vs $0.75 in 2012. BRUSSELS, Oct 31- ArcelorMittal, the world's largest steelmaker, plans to slash its dividend and focus on cutting debt after slowing demand from China and sluggish European markets drove it to a third-quarter loss.

  • JERUSALEM, Oct 31- Potash Corp, the world's largest fertiliser maker, is in talks with Israel's government about merging with its smaller rival Israel Chemicals, ICL's parent company said. Conglomerate Israel Corp owns 52.3 percent of ICL.

  • LONDON, Oct 31- Hong Kong was named the world's top financial centre for the second year running by the World Economic Forum, thanks to the strength of its business environment, infrastructure and a favourable tax regime. The United States, Britain, Singapore, Australia and Canada followed Hong Kong in the 2012 rankings.

  • Still hobbled by power failures and waterlogged transit, the New York region struggled to return to the rhythms of daily life on Wednesday, while facing the reality of a prolonged and daunting period of recovery.

  • OTTAWA, Oct 30- There are signs that Canada's soaring household debt and its heated housing market- two of the biggest headaches for the country's policymakers- are decelerating, Bank of Canada Governor Mark Carney said on Tuesday.

  • *Philadelphia's 330,000- bpd refinery restarting. *Hess 70,000- bpd NJ refinery, Imperial plant suffer outages.

  • TORONTO, Oct 30- Manulife Financial, one of North America's largest insurers, said its exposure to Hurricane Sandy was manageable and within its risk tolerance. Intact Financial, which is Canada's largest property& casualty insurer, said it has no exposure to the hurricane as it does not have any U.S. operations.

  • OTTAWA, Oct 30- This weekend's meetings of the Group of 20 leading nations are likely to keep pushing Europe and the United States to confront their debt troubles, Canadian Finance Minister Jim Flaherty said on Tuesday.

  • OTTAWA, Oct 30- There are signs that Canada's soaring household debt and its heated housing market- two of the biggest headaches for the country's policymakers- are decelerating, Bank of Canada Governor Mark Carney said on Tuesday.

  • HERZLIYA, Israel, Oct 30- Lockheed Martin Corp said on Tuesday that it was making progress on resolving technical issues facing the cutting-edge helmet being developed for use by F-35 fighter pilots, and it cited positive initial reports from night flight tests of the system.

  • OTTAWA, Oct 30- Canada's export credit agency cut its 2012 forecast for growth in exports of goods and services on Tuesday in the wake of the European crisis, but it said exporters will see benefits next year from a recovery in the U.S. private sector.