Burger King's proposed acquisition of Tim Hortons may offer big tax benefits but the real tax winner is likely to be its controlling shareholder.» Read More
The culprit is the warming seas— and in particular the Gulf of Maine, whose waters are heating up faster than 99 percent of the world's oceans, scientists say. The Gulf of Maine's warming reflects broader trends around the North Atlantic.
OTTAWA, Sept 2- Senior officials from Canada and China met quietly in Ottawa last week to discuss relations that have deteriorated so badly that they could threaten Prime Minister Stephen Harper's planned visit to China in November.
TORONTO, Sept 2- Amtrak, the U.S. passenger rail service, said on Tuesday that it has asked U.S. regulators to investigate "unacceptable train delays" on its Illinois routes that use Canadian National Railway Co tracks.
PORTLAND, Ore.— The Port of Portland said Tuesday it has reached an agreement with a company that wants to build a terminal to temporarily house propane imported by rail from Canada then exported by ship to Asia. In a statement, Portland port Executive Director Bill Wyatt said it has been choosy about such deals, "saying' no' to coal and' not now' to crude by rail."
SEATTLE— About a dozen demonstrators blocked railroad tracks Tuesday morning at a Burlington Northern Santa Fe yard in Everett to protest train shipments of oil and coal and proposed export terminals in the Northwest.
*Dollar breaks above 105 yen for first time since January. NEW YORK, Sept 2- The euro sagged on Tuesday to fresh one-year lows against the dollar on bets the European Central Bank will do more to help a wobbly euro zone economy, while the pound fell to a near five-month low versus the greenback on worries about a Scottish secession.
HELENA, Mont.— An Australian mining company has offered to purchase a controlling share of Tintina Resources Inc., the company that proposes a copper mine in central Montana. Sandfire Resources NL of Perth, Australia, has agreed to buy 80 million shares of Tintina at 20 cents per share for a total of $16 million, Tintina officials announced.
CHICAGO— Archer Daniels Midland Co. is selling its global chocolate business to Cargill for $440 million. The sale includes chocolate manufacturing operations in Hazleton, Pennsylvania; Milwaukee; Georgetown, Ontario, Canada; Liverpool, U.K.; Manage, Belgium and Mannheim, Germany.
Sept 2- Canada's Pembina Pipeline Corp said it would buy the Vantage pipeline system, gaining access to the prolific Bakken shale field in North Dakota. Vantage, a recently constructed pipeline system with a capacity of 40,000 barrels per day, originates in North Dakota and ends at Alberta.
NEW YORK— Pembina Pipeline Corp. is buying the Vantage pipeline system and Mistral Midstream Inc.' s interest in the Saskatchewan ethane extraction plant for $650 million. The Vantage pipeline starts in Tioga, North Dakota and ends near Empress, Alberta, Canada.
Sept 2- Canada's Pembina Pipeline Corp said it would buy the Vantage pipeline system and Mistral Midstream Inc's interest in the Saskatchewan ethane extraction plant from Riverstone Holdings LLC for $650 million.
LONDON, Sept. 2- Burger King may have taken a lot of flack in the past week for a deal that should curb its U.S. tax bill but in many ways it is consistent with the burger chain's aggressive tax-reduction strategies in recent years. They say it will allow Burger King to avoid paying some U.S. taxes.
LIMA, Peru— The Peruvian hackers have broken into military, police, and other sensitive government networks in Argentina, Colombia, Chile, Venezuela and Peru, defacing websites and extracting sensitive data to strut their programming prowess and make political points.
Aug 29- Canada's Athabasca Oil Corp said it had closed the sale of its 40 percent interest in the Dover oil sands project to a unit of PetroChina Co Ltd for $1.18 billion. Athabasca said it received $600 million in cash and $584 million in three interest-bearing promissory notes from the unit, Phoenix Energy Holdings Ltd..
An experimental Ebola drug healed all 18 monkeys infected with the deadly virus in a study, boosting hopes that the treatment might help fight the outbreak raging through West Africa— once more of it can be made. "The level of improvement was utterly beyond my honest expectation," said one study leader, Gary Kobinger of the Public Health Agency of Canada in Winnipeg.
*Bank of Canada had forecast growth of 2.5 pct; market +2.7 pct. OTTAWA, Aug 29- Strong consumer spending and a jump in exports helped the Canadian economy bounce back from a weather-restrained first quarter, with annualized growth of 3.1 percent in the second quarter after a downwardly revised 0.9 percent in the first.
His crime was contributing to research that led his employer to recommend short sales of Silvercorp Metals, a silver producer that is based in Canada but does its mining in China.
CHICAGO, Aug 28- Genetic studies of some of the earliest Ebola cases in Sierra Leone reveal more than 300 genetic changes in the virus as it leapt from person to person, changes that could blunt the effectiveness of diagnostic tests and experimental treatments now in development, researchers said on Thursday.
*BP says expects minimal impact from late Wednesday blaze. WHITING, Ind., Aug 28- Wholesale gasoline prices surged in Chicago on Thursday after a fire hit a piece of equipment used to produce gasoline at BP Plc's refinery in nearby Whiting, Indiana, trade and industry sources said.
TORONTO, Aug 28- Toronto-Dominion Bank and Canadian Imperial Bank of Commerce reported higher third-quarter earnings on Thursday, extending a trend of buoyant capital markets boosting investment banking and trading profits at the country's big lenders.