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TOP BUSINESS STORIES
The Canadian Press
CBC.ca
Last Updated: May 16 2012, 9:24 AM
Facebook boosts size of IPO by 25 per cent
NEW YORK, N.Y. - Facebook says 25 per cent more shares will be sold as investors clamour for shares in a stock offering that could raise more than US$18 billion for the social media company, which will still be controlled by founder Mark Zuckerberg.
Full Story
Last Updated: May 16 2012, 8:46 AM
Manufacturing sales up in March: StatsCan
OTTAWA - Statistics Canada says manufacturing sales increased 1.9 per cent in March to $49.7 billion, with petroleum and coal products leading the way.
Last Updated: May 16 2012, 8:44 AM
Loonie lower amid Greek political anxiety
TORONTO - The Canadian dollar was lower Wednesday as concern over a possible Greek exit from the eurozone continued to weigh on investors' appetite for risk.
Last Updated: May 16 2012, 8:42 AM
How green are Canadian goods? We don't know
OTTAWA - The world is moving to a new business standard for being green, but Canada is not moving along with it - to our detriment, according to a new report.
Last Updated: May 16 2012, 8:29 AM
Greek anxiety to pressure stock markets
TORONTO - The Toronto stock market looked set for more losses Wednesday as nervousness about Greece's possible exit from the eurozone encouraged traders to dump commodities and stocks and to seek safety in instruments such as U.S. Treasuries.
Last Updated: May 16 2012, 8:20 AM
Greece seeing deposits drain, report says
The Wall Street Journal reported Tuesday that the Greek president has warned that depositors withdrew €700 million ($896 million Cdn) from local banks Monday.
Full Story
Last Updated: May 15 2012, 10:41 PM
EI rules need 'teeth' to get people to work, Finley says
Human Resources Minister Diane Finley said Tuesday that the government is trying to remove disincentives in the employment insurance system and add more "teeth" to the rules.
Last Updated: May 15 2012, 10:31 PM
Canadian home prices flatten in April
The average selling price of a Canadian resale home was a little less than one per cent higher in April compared to the same month a year ago.
Last Updated: May 15 2012, 6:22 PM
SIN cards headed for scrap heap
The federal government is phasing out Social Insurance Number cards starting in 2014 to save money and cut down on the risk of them being used in identity theft.
Last Updated: May 15 2012, 5:40 PM
Shell moves closer to Kitimat LNG terminal
Royal Dutch Shell says it has given a tentative go ahead for a liquefied natural gas project in Kitimat, B.C., alongside three Asian Partners.
MORE BUSINESS STORIES
The Canadian Press
CBC.ca
Last Updated: May 16 2012, 8:23 AM
Deere fiscal 2Q profit rises, beats expectations
MOLINE, Ill. - Deere posted a 17 per cent spike in profits for the second quarter Wednesday and boosted its outlook for the year, predicting record-high global demand for farm equipment.
Last Updated: May 16 2012, 8:22 AM
Court official to be appointed Greek interim PM
ATHENS, Greece - The head of Greece's Council of State will take the reins of the country until it holds new elections on June 17, state TV said a meeting of party leaders decided Wednesday, a day after power-sharing talks collapsed.
Last Updated: May 16 2012, 7:47 AM
Cdn dollar opens at 99.04 cents US, down 0.28
TORONTO - The Canadian dollar opened at 99.04 cents US, down 0.28 of a cent from Tuesday's close.
Last Updated: May 16 2012, 7:13 AM
Bangladesh announces probe into Grameen Bank units
DHAKA, Bangladesh - Bangladesh has ordered a four-member commission to investigate 54 businesses linked to the pioneering microlender Grameen Bank founded by Nobel laureate Muhammad Yunus.
Last Updated: May 16 2012, 4:00 AM
B.C.'s HootSuite making its social media mark
VANCOUVER - As Facebook prepares for its massive initial public offering, likely Friday, the booming social media market has also produced a breakthrough year for a Canadian company.
Last Updated: May 16 2012, 3:10 AM
Facebook raises IPO price as offering nears
NEW YORK, N.Y. - Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger.
Last Updated: May 16 2012, 1:19 AM
Fire forces evacuation of Regina refinery
REGINA - A fire forced the evacuation of the Federated Co-Operatives refinery in Regina, but the company says there were no injuries.
Last Updated: May 15 2012, 10:21 PM
Lack of trust in Facebook may hold back ad sales
NEW YORK, N.Y. - Facebook's reach is wide but not deep. Few users surveyed in an Associated Press-CNBC poll say they click on the site's ads or buy the virtual goods that make money for it.
Last Updated: May 15 2012, 9:58 PM
Buffett's firm buys 10M share stake in GM
OMAHA, Neb. - Warren Buffett's company is apparently bullish on the U.S. auto industry.
Last Updated: May 15 2012, 9:51 PM
Finley softens stance on EI benefits
OTTAWA - The Harper government sent confusing signals Tuesday about coming changes to employment insurance rules, declaring in favour of a hardline approach while indicating the new measures will be moderate.
Last Updated: May 15 2012, 4:40 PM
Workers divided on American Airlines' final offer
American Airlines ground workers split over a final contract offer from the company that would spare some jobs targeted for elimination.
Last Updated: May 15 2012, 1:46 PM
Statoil secures rig, plans three exploration wells
Statoil says it has reached a deal for a rig to drill three wells in the Newfoundland offshore in 2012 and 2013.
Last Updated: May 15 2012, 7:44 AM
Bankers group pitches cellphones as digital wallets
Canada's biggest banks have unveiled a blueprint for turning cellphones into mobile payment terminals, a key step in a process that could revolutionize the way Canadians pay for purchases at retailers.
Last Updated: May 14 2012, 8:15 PM
Stocks, dollar fall on Greece worries
The Toronto stock market fell sharply along with other world markets Monday as talks aimed at forming a new Greek government failed, raising worries the country may have to exit the eurozone.
Last Updated: May 14 2012, 6:56 PM
Alberta charges crude oil producer over alleged gas leak
One of Canada's largest independent producers of crude oil has been charged by the Alberta government after it allegedly released hydrogen sulphide gas into the atmosphere north of Fort McMurray.
Last Updated: May 14 2012, 2:49 PM
Does sending Alberta oilsands crude east make more sense?
Dreams of getting more oilsands crude to Eastern Canada come at a time when western pipeline routes are mired in controversy and plans to go south face roadblocks. But only the market may ultimately determine whether they come to fruition.
Last Updated: May 14 2012, 2:01 PM
Canada and Poland set to expand energy relationship
Canada and Poland concluded a tax agreement and signalled new cooperation on energy, trade and investment during a visit by Polish Prime Minister Donald Tusk today.
Last Updated: May 14 2012, 12:11 PM
B.C. Liberals to introduce legislation to end HST today
B.C. taxpayers will learn how the government will roll back the HST when Finance Minister Kevin Falcon introduces the highly anticipated legislation at 1:30 p.m. PT today in the legislature in Victoria.
Last Updated: May 14 2012, 11:19 AM
Mayor Rob Ford aims to scrap Toronto's 5-cent bag fee
Toronto Mayor Rob Ford will try to scrap the five-cent plastic bag fee today even as a motion to direct a portion of proceeds from the fee to tree canopy protection goes to the powerful executive committee.
Last Updated: May 13 2012, 5:12 PM
Yahoo replaces CEO Scott Thompson over resumé
Yahoo swept out Scott Thompson as CEO Sunday in an effort to clean up a mess created by an exaggeration about his education that destroyed his credibility as he set out to turn around the long-troubled internet company.