Business RSS
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Airbus parent EADS says higher aircraft deliveries help Q1 profits to nearly double
PARIS – European aerospace company EADS says strong deliveries by airplane maker Airbus helped drive higher earnings in the first quarter. The Airbus parent company reaffirmed its forecast of lifting commercial aircraft deliveries this year to between 600 and 610, as demand from Middle Eastern and Asian carriers to expand their fleets continues to drive
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Deutsche Post DHL net profits fall 5.9 per cent as tougher economy slows freight revenues
FRANKFURT – Mail and freight company Deutsche Post DHL says net profits fell 5.9 per cent in the first quarter as a slower economy hurt freight revenues. The company also had a large one-time gain in the year-ago quarter from selling its Postbank business to Deutsche Bank. Net profits fell to 498 million euros ($647
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Aeroplan operator Aimia increases dividend amid higher Q1 revenue but lower EPS
MONTREAL – Aimia Inc. (TSX: AIM) is increasing its quarterly dividend by a penny per share even though the operator of the Aeroplan loyalty rewards program also reports an 8.3 per cent decrease in its net earnings per share in the first quarter. Aimia said after markets closed Monday that its net profit rose to
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Most actively traded companies on the TSX, TSX Venture Exchange markets
TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,529.55 down 59.54 points): Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down eight cents, or 1.70 per cent, at $4.63 on 14.23 million shares. Manulife Financial Corp. (TSX:MFC). Insurer. Up two cents, or 0.13
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Explosions, fire reported at gas distributor in West Virginia; no word on casualties, damage
POCA, W.Va. – Emergency officials say crews are responding to reports of explosions and a fire at an industrial site in West Virginia. Nitro firefighter Jeff Dorsey says crews were dispatched Monday afternoon to Airgas in Poca just outside Charleston. The company is a distributor of specialty gases used in industry and elsewhere. Dorsey did
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Oil falls to near US$95 a barrel as rising dollar puts pressure on commodities
NEW YORK, N.Y. – The price of oil fell to near US$95 a barrel Monday as the American greenback continued to strengthen against the yen and other major currencies. Benchmark West Texas Intermediate crude for June delivery fell 87 cents to finish at US$95.17 a barrel on the New York Mercantile Exchange. The U.S. dollar
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Choreographer tells jury she didn’t see signs Michael Jackson was ill, might die before shows
LOS ANGELES, Calif. – An associate choreographer who worked on Michael Jackson’s planned series of comeback concerts has told a jury she never saw signs the singer was ill or might die. Stacy Walker is testifying for AEG Live LLC, the promoter of Jackson’s “This Is It” shows planned for 2009. She says that while
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Subsidiary of Indian drug maker agrees to pay record $500 million US penalty for impure drugs
WASHINGTON – A subsidiary of an Indian pharmaceutical company has agreed to pay $500 million in fines and civil penalties as part of a plea deal with federal prosecutors. Ranbaxy USA Inc. has admitted to making and selling adulterated generic drugs at two manufacturing sites in India. The U.S. Justice Department said Monday that it’s
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N.W.T. industry minister touts ‘made in the North’ oil pipeline alternative
CALGARY – The Northwest Territories is promoting the idea of a “made-in-the-North” oil pipeline as a means to get Canadian crude to international markets. Unlike in British Columbia, where opposition to West Coast oil pipelines has been fierce, the territory’s industry minister believes aboriginal communities would be on board. David Ramsay says a pipeline could
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US stocks drop even as retail sales unexpectedly rise; record-breaking rally takes pause
NEW YORK, N.Y. – Stocks are mixed in midday trading, pausing a record-breaking stock rally even after the government reported that Americans increased spending last month. The Dow fell 22.86, or 0.2 per cent, to 15,096 as of 11:50 Eastern Daylight Time. The Standard and Poor’s 500 index added a fraction to 1,634. They both
