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In light of Sunshine Oilsands' quarterly loss, John Zahary, President and CEO, says the company's projects are in pre-production stage and revenue will start coming in soon.
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NEW YORK-- Shares of Valeant Pharmaceuticals International Inc. spiked up Friday afternoon after a report said it might soon buy eye care company Bausch& Lomb Inc. Both comments wouldn't comment.
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*Corruption arrests unprecedented in Cuba. HAVANA, May 24- The trial of a Canadian businessman who bribed Cuban officials ended on Friday after two days of testimony, but there was no word on the outcome in a case closely watched by Havana's foreign business community.
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NEW YORK, May 24- General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry into a new segment of the retail real estate market, according to two sources familiar with the deal.
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MEXICO CITY, May 24- Mexico is considering imposing retaliatory trade measures on the United States in a dispute over the fairness of U.S. rules requiring meat to carry labels that specify its origin, the country's economy ministry said on Friday.
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*Banking investments pouring into Colombia. BOGOTA, May 24- Colombia will remain a hot spot for foreign banks in the coming years as low credit penetration provides ample room for growth, the head of its second-biggest bank said on Friday, while he explores regional opportunities with special attention in Peru.
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NEW YORK-- Shares of Valeant Pharmaceuticals International Inc. spiked up Friday afternoon after a report said it might soon buy eye care company Bausch& Lomb Inc. Both comments wouldn't comment.
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May 24- Ista Pharmaceuticals Inc pleaded guilty on Friday to charges it used kickbacks and improper marketing to boost sales of a drug meant to treat eye pain and agreed to pay $33.5 million to settle criminal and civil liability, the U.S. Department of Justice said.
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NEW YORK, May 24- Brent oil prices crept higher on Friday, as traders exited short positions ahead of a long holiday weekend in the United States, but the weekly percentage drop was still the biggest in more than a month. Brent crude oil futures settled 20 cents higher at $102.64 per barrel, after trading between $101.65 and $102.79.
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The State Department posted about 100,000 comments late on Thursday and plans to release sets of a similar number each week, a process that will take about three months. "This marks the first time the Department has made all individual comments on a Presidential permit application available to the public," a State Department release said.
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NEW YORK, May 24- Oil prices rose in late afternoon trading in New York on Friday after a report of a gasoline unit shutdown at a refinery, and as traders bought contracts to cover short positions ahead of a long holiday weekend in the United States.
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NEW YORK, May 24- Canada's Valeant Pharmaceuticals International is nearing a deal to acquire eye care company Bausch& Lomb Holdings Inc from Warburg Pincus LLC for about $9 billion, a person familiar with the matter said on Friday.
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NEW YORK, May 24- Canada's Valeant Pharmaceuticals International is nearing a deal to acquire eye care company Bausch& Lomb from private equity owner Warburg Pincus LLC for about $9 billion, a person familiar with the matter said on Friday. The person requested anonymity because the matter is not public.
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*JA Solar, ReneSola shares hit 1- year highs. Manufacturers such as JA Solar Holdings Co Ltd and ReneSola Ltd, reliant on low-margin Chinese sales after trade wars with the United States and Europe, are pushing into Japan and emerging economies where solar panel demand is rising.
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WASHINGTON, May 24- Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a contraction in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department said on Friday.
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NEW YORK-- Think of Sears like a Jenga game, an analyst said Friday, with a few too many blocks pulled out and the entire structure on the brink of collapse. The analogy came after Sears Holding Cos., which operates Sears and Kmart stores, reported a bigger-than-expected loss for its first quarter on slumping sales.
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Immigration reform takes a big step to becoming law, but some experts worry that the emphasis on security could create a demilitarized zone.
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*Corruption arrests unprecedented in Cuba. Canada's ambassador to Cuba, Matthew Levin, attended the trial but did not speak to reporters. The arrests were unprecedented for Cuba, where foreign businessmen suspected of corruption are usually deported.
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*Pentagon report shows $4.5 bln drop in F-35 cost. WASHINGTON, May 23- The Pentagon on Thursday told Congress it expected a 1 percent drop in the cost of its biggest weapons program, the Lockheed Martin Corp. F-35 fighter jet, while averting the huge cost increases seen on other weapons programs in recent years.
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WASHINGTON, May 23- Quebec will announce within weeks that it will launch its own public review of a proposed pipeline that would deliver crude oil from western Canada to eastern markets, its environment minister said Thursday.
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WASHINGTON, May 23- The Pentagon's annual report to Congress shows a decline of $4.5 billion, or just over 1 percent, in the projected development and acquisition cost of the Lockheed Martin Corp F-35 fighter jet program, sources familiar with the data said on Thursday.