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Most actively traded companies on the TSX, TSX Venture Exchange markets

The Canadian Press 8 Sep, 2010 0 0

TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,042.26 down 59.72 points): Andean Resources Ltd. (TSX:AND). Miner. Down 22 cents, or 3.44 per cent, at $6.17 on 18,670,435 shares. The stock declined fo

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Dollar up, TSX down after Bank of Canada raises interest rate to one per cent

Kristine Owram, The Canadian Press 8 Sep, 2010 0 0

TORONTO - The Canadian dollar got a boost Wednesday from the Bank of Canada's decision to raise its key interest rate, while the Toronto stock market closed in negative territory with weakness across most of its major sectors. The loonie gained 0.97 of a cent to 96.39 cents US after the central bank


Value of building permits drops in July, still up over last year: StatsCan

The Canadian Press 8 Sep, 2010 0 0

OTTAWA - Municipalities issued building permits worth $6.4 billion in July, down 3.3 per cent from June but 33 per cent higher than in July 2009. Statistics Canada blames the monthly drop on declines in both the residential and non-residential sectors. Municipalities issued non-residential building

Vodafone sells stake in China Mobile for 4.3 billion pounds ($6.6 billion)

The Associated Press 8 Sep, 2010 0 0

LONDON - Vodafone says it is disposing of its stake in China Mobile Ltd. for 4.3 billion pounds (US$6.6 billion), which it says is nearly double the price it paid for the shares 10 years ago. The British-based mobile phone company said Wednesday that although it is selling its 3.2 per cent stake in

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Dollar falls to 15-year low against Japanese yen, trades at low 83-yen level

The Associated Press 8 Sep, 2010 0 0

TOKYO - The U.S. dollar has sunk to a new 15-year low against the yen. The dollar was trading near 83.30 yen on Wednesday afternoon, even as Japanese officials repeated they may intervene to stop the yen's climb. Earlier Wednesday, the Japanese Finance Minister said Tokyo would take measures to stop

Bristol-Myers Squibb to buy ZymoGenetics for $885 million, or $9.75 per share in cash

Marley Seaman, The Associated Press 7 Sep, 2010 0 0

NEW YORK, N.Y. - Bristol-Myers Squibb Co. said Tuesday it will acquire biotechnology partner ZymoGenetics Inc. for US$885 million in another move by a major drug maker to boost its pipeline by snapping up a smaller developer. The New York drug maker's US$9.75-per-share bid represents a 77 per cent p

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Record-high gold not enough to offset TSX loss; European bank worries resurface

Kristine Owram, The Canadian Press 7 Sep, 2010 0 0

TORONTO - The Toronto stock market closed in the red Tuesday as a record-high gold price wasn't enough to offset some fresh concerns about the health of European banks and weakness in other commodities. The S&P/TSX composite index lost 42.94 points to 12,101.98. The gold sector helped to moderate we

Gold closes at all-time high

680News staff 7 Sep, 2010 0 0


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Oracle names ousted HP CEO Mark Hurd co-president, board member; co-president Phillips resigns

The Associated Press 7 Sep, 2010 0 0

SAN FRANCISCO - Oracle Corp. has announced former Hewlett-Packard Co. CEO Mark Hurd is joining the database software maker as co-president. Oracle said in a statement Monday that Hurd will also serve as a member of the board of directors. He will report to CEO Larry Ellison. In the statement, Elliso
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