Business News

China shares buoyed by speculation on policy plans

SHANGHAI, China - Chinese stocks surged early Wednesday on speculation Beijing plans new economic stimulus measures and other policies aimed at reviving the country's languishing markets. The bench...

Small sport utility vehicles get top scores in U.S. crash tests

WASHINGTON - Four small sport utility vehicles received top scores in crash tests to be released Wednesday by the U.S. insurance industry, a sign of improvement compared with SUVs built earlier in the...

Head of union not happy with Viterra's decision to seek replacement workers

REGINA - The head of the union representing striking Viterra workers says he's unhappy with some of the company's tactics. Viterra has confirmed it is trying to recruit temporary replacement worker...

Venezuela seizes control of Cemex cement plants, Mexico urges talks

CARACAS, Venezuela - Mexico urged Venezuela to negotiate with its cement producer Cemex SAB on Tuesday after the Venezuelan government seized control of its cement plants saying no deal could be reach...

Hewlett-Packard third-quarter profit jumps 14 per cent

SAN FRANCISCO - Hewlett-Packard Co.'s third-quarter profit jumped 14 per cent, beating Wall Street's expectations, as strong laptop sales and a robust international presence lifted the technology bell...

Quebec opts to renovate lone nuclear power plant at cost of $2 billion

MONTREAL - Quebec will spend nearly $2 billion to maintain its bit-part in the nuclear industry by sprucing up a power plant some charge is too old, too small and too dangerous to merit a new lease on...

Canadian Tire's sale-leaseback deal a 'net neutral' move: analyst

TORONTO - Canadian Tire Corp.'s (TSX:CTC.A) deal to sell and lease back 12 of its store properties for $174 million is a "net neutral" move for a company that really doesn't need the cash, an analyst ...

Second quarter profit reports from U.S. retailers show more strain

NEW YORK - From affluent shoppers at Saks to bargain-hunters at Target, from Home Depot to office supplier Staples, U.S. consumers are pulling back and that's hurting retailers and raising more concer...

QuestAir names Andrew Graham Hall as president and chief executive officer

BURNABY, B.C. - QuestAir Technologies Inc. (TSX:QAR), a maker of gas purification systems for various industries, has named Andrew Graham Hall as president and CEO. The B.C. company said Hall will ...

Medtronic first quarter profit up on stent, spinal strength

Medtronic Inc.'s first-quarter earnings beat Wall Street estimates Tuesday on a combination of lower expenses and higher sales of devices to treat clogged arteries, fractured spines and other ailments...