Business News
AIMCo says it was approached as possible player in bid for PotashCorp
CALGARY - Alberta pension fund manager AIMCo says it has been approached by some government wealth funds and others to make a bid for fertilizer giant PotashCorp. (TSX:POT). But AIMCo CEO Leo de Be...
Dell ends bidding contest over data-storage maker 3Par, will not match HP's $2.07B offer
SEATTLE - Dell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc. Dell said Thursday it won't match HP's offer to pay US$33 per share for 3P...
TSX up, supported by miners, bank stocks even as TD narrowly misses forecasts
TORONTO - The Toronto stock market was higher Thursday as further signs of U.S. economic growth helped lift commodity prices while bank stocks ran ahead even as TD Bank (TSX:TD) delivered quarterly ea...
3G Capital to acquire Burger King for $24 per share, or US$3.26 billion
CHICAGO - Burger King Holdings Inc. (NYSE:BKC), America's perennially No. 2 hamburger chain, said Thursday that it is selling itself to little-known private equity firm 3G Capital in a deal valued at ...
Canada's five biggest banks earned $4.8 billion in third quarter
TORONTO - Canada's five biggest banks earned a combined $4.8 billion in third quarter profits, nine per cent more than last year, as they cashed in on strong growth in mortgages, consumer and corporat...
Better times ahead for Canada's oil companies with expected $8.4B profit in 2010
CALGARY - A business think-tank sees rosier times ahead for Canadian oil producers, who are expected to reap $8.4-billion in profits this year as the world economy recovers from the recession and ener...
Fed chairman says banks must be shut down if they threaten financial system
WASHINGTON - U.S. Federal Reserve chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down...
TSX up, supported by commodity, bank stocks even as TD narrowly misses forecast
TORONTO - The Toronto stock market found some slight lift from the mining sector Thursday amid rising gold prices and from bank stocks even as TD Bank (TSX:TD) delivered quarterly earnings that narrow...
Bidding for data storage company 3Par heats up as HP tops latest Dell bid
NEW YORK, N.Y. - The bidding contest between computer makers Hewlett-Packard and Dell for the data storage company 3Par is heating up. Even before Dell could make its latest offer public, HP has come ...
3G Capital to acquire Burger King for $24 per share, or $3.26 billion
MIAMI - Burger King Holdings Inc. (NYSE:BKC) is selling itself to private equity firm 3G Capital in a deal valued at US$3.26 billion. Thursday's $24-per-share offer comes after a day of speculation...
