An Air Canada flight had to circle Tel Aviv's airport for 10 minutes after air traffic control said the conditions needed to be confirmed as safe for landing.» Read More
Aug 1- Shares of Canada's Tekmira Pharmaceuticals Corp, which hopes to produce the first treatment for the deadly Ebola virus, have skyrocketed as the worst-ever outbreak of the virus intensified in West Africa. "The recent outbreak in West Africa is as profound as any we have seen in recent decades," said Euro Pacific Canada analyst Douglas Loe.
TRENTON, N.J.— Botox and eye-drug maker Allergan is suing a Canadian drugmaker and a hedge fund over their hostile takeover attempt, alleging insider trading and other fraud before their plan became public.
TORONTO, Aug 1- Quebec's securities regulator is investigating Fairfax Financial Holdings Ltd, its chief executive officer and president for possible illegal insider trading as well as tipping, or passing along sensitive information, Fairfax said.
TORONTO, Aug 1- Fairfax Financial Holdings Ltd said Quebec's securities regulator was investigating the company, Chief Executive Officer Prem Watsa and President Paul Rivett for possible illegal insider trading or tipping.
NEW YORK— The Canadian owner of a company that won nearly $1 billion in contracts to provide steel for the construction of the World Trade Center's tallest building and a transit center was arrested Thursday on charges he defrauded a program meant to benefit minority- and women-owned businesses.
TORONTO, July 31- Canadian telecom and media conglomerate Quebecor Inc says it is closing in on a decision on whether to buy up smaller competitors or team up with a partner to expand its wireless operations outside its home province of Quebec.
CALGARY, Alberta, July 31- Imperial Oil Ltd reported a tripling of profit on Thursday and said production at its Kearl oil sands project was approaching its 110,000 barrel per day capacity as it continued to tweak operations at Canada's newest oil sands mine.
HOUSTON, July 31- U.S. oil and gas company Apache Corp, under pressure from activist investor Jana Partners, said on Thursday it plans to sell interests in two liquefied natural gas projects as it sharpens the focus on developing North American shale fields.
Shares of Valeant Pharmaceuticals plunged 7 percent Thursday after the company slashed its earnings and revenue forecasts. The Canadian drugmaker now expects 2014 earnings to range between $7.90 and $8.10 per share, down from a forecast it made in April for $8.55 to $8.80 per share.
July 31- Canada's Bombardier Inc plans to cut more jobs and halt new hiring to help save costs, it said on Thursday, and added that commercial talks for a Russian assembly plant are ongoing despite sanctions. The European Union, U.S. and Canada have ratchet up sanctions against Russia over the conflict in Ukraine.
July 31- Canada's Valeant Pharmaceuticals International Inc, embroiled in a bitter battle to take over Botox-maker Allergan Inc, on Thursday cut its 2014 and 2015 profit forecasts, sending shares 10 percent lower.
DUBLIN— Irish betting company Paddy Power announced Thursday it is notifying hundreds of thousands of customers that most of their profile information was stolen in 2010, but hackers did not gain their credit card details or log-in passwords.
July 31- Imperial Oil Ltd, Canada's No.2 integrated oil company, reported higher second-quarter revenue, driven by increased bitumen prices and production from its Kearl project in Alberta. The company, 69.6 percent owned by Exxon Mobil Corp, said total revenue and other income rose 26.3 percent to C $10.05 billion in the second quarter ended June 30.
July 31- Imperial Oil Ltd, Canada's No.2 integrated oil company, reported higher second-quarter revenue, driven by increased bitumen prices and production. The company, 69.6 percent owned by Exxon Mobil Corp, said total revenue and other income rose 26.3 percent to C $10.05 billion in the second quarter ended June 30.
July 31- Canada's Valeant Pharmaceuticals International Inc, embroiled in a bitter battle to take over Botox-maker Allergan Inc, cut its full-year profit and revenue forecasts to reflect the sale of its rights to several skincare products.
July 31- Canada's Bombardier Inc reported a slightly higher-than-expected second-quarter profit, boosted by higher sales of planes and trains. Aerospace revenue rose 11.4 percent to $2.51 billion in the quarter, while revenue at its transportation business climbed 9.4 percent to $2.36 billion.
July 31- Canada's Bombardier Inc reported higher second-quarter revenue as it sold more trains and planes. Revenue rose 10.4 percent to $4.89 billion. The company's net income fell to $155 million, or 8 cents per share, in the quarter ended June 30, from $180 million, or 10 cents per share, a year earlier.
July 30- Canadian business software maker Open Text Corp reported a better-than-expected 42 percent jump in quarterly revenue, largely driven by higher demand for its cloud services. Open Text, which makes software that helps companies manage documents and workflow, bought privately held cloud services provider GXS Group Inc for $1.17 billion in November.
July 30- Canadian business software maker Open Text Corp reported quarterly revenue above analysts' estimates, largely driven by higher demand for its cloud services. The company said it appointed John Doolittle as Chief Financial Officer, effective Sept. 8.
TORONTO, July 30- Canada's main stock index had its highest close on record on Wednesday, boosted by positive U.S. economic data and the Federal Reserve's commentary on the outlook for monetary policy.