Friday, 1 August 2014

Wind Mobile keen for investor with deep pockets

Otmane El Rhazi from CBC | Business News .

Tony Lacavera

Wind Mobile, the struggling telecom startup that has been put up for sale by Netherlands-based owner Vimpelcom, is seeing a new burst of interest from potential investors.

TSX, Dow sell off for 2nd straight day

Otmane El Rhazi from CBC | Business News .

Financial Markets Wall Street trader

North American stock markets slumped again on Friday, a day after big losses sparked by news of Argentina's default and other bleak economic news.

Ford up 15%, Chrysler up 7% as Canadian car sales boom

Otmane El Rhazi from CBC | Business News .


Canadians continued to kick the tires in July, continuing an upswing in car sales that began in April of this year.

Tesla stock soars after Elon Musk pledges 100,000 cars a year

Otmane El Rhazi from CBC | Business News .

Tesla Elon Musk

Tesla stock was up five per cent on Friday morning after CEO Elon Musk said the electric-car company would deliver 100,000 vehicles next year.

Kitimat LNG project in jeopardy after Apache pulls out

Otmane El Rhazi from CBC | Business News .

Kitimat LNG

A liquefied natural gas project planned for Kitimat, B.C., faces an uncertain future after one of its U.S. partners announced plans to get out of the LNG business.

Cereal sales get soggy as breakfast tastes evolve

Otmane El Rhazi from CBC | Business News .

Food Marketing Children

The obesity epidemic that has soured consumers' tastes to high levels of sugar and carbohydrates has is bad for cereal companies' financial health.

Prem Watsa, Fairfax probed for insider trading

Otmane El Rhazi from CBC | Business News .


Fairfax Financial Holdings Ltd. and its CEO, Prem Watsa, are co-operating with an investigation by Quebec's financial regulator into insider trading and tipping activity during an unnamed transaction.

GM Canada to pay $9M in post-retirement benefits

Otmane El Rhazi from CBC | Business News .

GM Canada Headquarters

General Motors of Canada Ltd. has agreed to pay $9 million to nearly 3,300 salaried and executive retirees and restore most of their post-retirement benefits to pre-financial crisis levels.

U.S. adds 209,000 jobs but unemployment rate ticks up

Otmane El Rhazi from CBC | Business News .

Jobs 20130809

U.S. employers extended their hiring surge into July by adding a solid 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old recovery.

Sanctions against Russia in phase 3, but is Vladimir Putin listening?

Otmane El Rhazi from CBC | Business News .


The European Union has revealed the details of its broad economic sanctions against Russia, but experts believe Russian leader Vladimir Putin has his own agenda and sanctions may not change his course.

Why Argentina's default feels like American bullying: Don Pittis

Otmane El Rhazi from CBC | Business News .


The financial press in nearly universal agreement: Argentina is in default, and the fault is all on Argentina's side. But Don Pittis doesn't see it that way.

Thursday, 31 July 2014

Temporary foreign worker agency Actyl Group sues McDonald's Canada

Otmane El Rhazi from CBC | Business News .

McDonald's logo

Actyl Group Inc., a company that recruits temporary foreign workers on behalf of Canadian employers, has filed a lawsuit against McDonald's Canada alleging breach of contract and defamation of character. McDonald's use of workers supplied by the agency was the subject of CBC News stories earlier this year.

Canada to clinch trade deal with EU in September

Otmane El Rhazi from CBC | Business News .


The on-again, off-again free trade with the European Union is now expected to be finalized and signed at the end of September, concluding one of the Harper government's long-held objectives, CBC's Chris Hall reports.

IMF calls for shift to energy taxes with 52% gas tax hike in Canada

Otmane El Rhazi from CBC | Business News .


The International Monetary Fund says Canada and other countries can improve their economies and environment by hiking energy taxes — while cutting them on people and capital.

Dow plunges 300 points, now in negative territory for 2014

Otmane El Rhazi from CBC | Business News .


The Dow Jones Industrial Average lost more than 300 points on Thursday as investors dumped shares in just about everything following Argentina defaulting and bleak earnings and profit outlooks from a host of companies.