Stock markets open higher on hopes EU will address Greek debt burden
Malcolm Morrison, THE CANADIAN PRESS
9 Feb, 2010 0 10
TORONTO - The Toronto stock market was up sharply in early trading Tuesday as investors hoped that a meeting of European Union leaders later this week will address the growing problem of huge debt levels racked up by several European governments.
The S&P/TSX composite index rose 118.1 points to
Coca-Cola's Q4 profit climbs as beverage maker sees drink sales rise overseas
Michelle Chapman, THE ASSOCIATED PRESS
9 Feb, 2010 0 0
NEW YORK - Coca-Cola's strong overseas growth more than made up for a weak North American market in the fourth quarter, sending profit up 55 per cent for the world's largest beverage maker.
The company, whose brands include Sprite and Diet Coke, sold five per cent more beverages worldwide - with
Western Coal Q3 profit drops to $24 million, revenue falls to $118.7M
THE CANADIAN PRESS
9 Feb, 2010 0 0
VANCOUVER, B.C. - Western Coal Corp. (TSX:WTN) says its quarterly profit fell to $24 million or nine cents per diluted share in the three months ended Dec. 31.
That's down from a profit of $62.5 million or 29 cents per diluted share in the year-earlier period.
Revenue for what is the third qu
Japan Airlines spurns Delta Air Lines, opts to keep alliance with American Airlines
Harry R. Weber,Tomoko A. Hosaka, THE ASSOCIATED PRESS
9 Feb, 2010 0 0
TOKYO - Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines.
The Japanese carrier said Tuesday it will strengthen its partnership with American, and the two
EU's government-backed European Investment Bank rejects possible Greek bailout
Aoife White, THE ASSOCIATED PRESS
9 Feb, 2010 0 0
BRUSSELS, Belgium - Markets somehow expect the European Union to backstop Greece's sagging finances. But with officials denying one is needed, the precise path out of the crisis for the EU's incoming new leadership remains fogged with uncertainty.
The European Union's own government-backed lende
ATS Automation earns $3.7 million from continuing operations in third quarter
THE CANADIAN PRESS
9 Feb, 2010 0 0
CAMBRIDGE, Ont. - ATS Automation Tooling Systems Inc. (TSX:ATA) says its revenue and profit from continuing operations were down in its fiscal third quarter, which ended Dec. 27.
The Ontario-based company, which makes manufacturing equipment as well as solar energy products, says its net income
European stocks up cautiously on hopes for Greece
CARLO PIOVANO, THE ASSOCIATED PRESS
9 Feb, 2010 0 0
LONDON - European stocks rose cautiously Tuesday on hopes that EU officials will provide Greece with some form of support to handle its mountain of debt and keep the market crisis from spreading to other vulnerable countries.
Although the European Investment Bank said Tuesday it would not be abl
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