Business News
Eldorado Gold approaches Andean Resources with $3.4-billion merger proposal
VANCOUVER - Eldorado Gold Corp. (TSX:ELD) says it has approached Andean Resources Ltd. (TSX:AND) with a $3.4-billion merger proposal. The Vancouver-based gold miner said Thursday it has offered to ...
Dell ends bidding contest over data-storage maker 3Par, will not match HP
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...
Most actively traded companies on the TSX, TSX Venture Exchange markets
TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,111.09 up 107.31 points): Kinross Gold Corp. (T...
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 profit — nine per cent more than last year — as they cashed in on strong growth in mortgages, consumer and cor...
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...
U.S. data helps lift TSX; bank stocks lead even as TD narrowly misses forecasts
TORONTO - The Toronto stock market closed at a three-and-a-half month high Thursday as further signs of U.S. economic growth helped lift most sectors, including financials even as TD Bank (TSX:TD) del...
AIMCo approached to join bid for PotashCorp, but staying on sidelines for now
CALGARY - Alberta's pension fund manager has been approached by state-owned wealth funds from China to possibly join a bid for fertilizer giant PotashCorp. (TSX:POT), but it said Thursday it intends t...
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...
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 ...
