Icefloe Technologies pushed into bankruptcy by its lenders
January 31, 2008
Icefloe Technologies Inc. (TSXV:ICY) says its secured lenders have pushed the company into bankruptcy after it missed an interest payment on its debt last week.
Gildan tells shareholders years of growth to come, helped by growth in Asia
January 31, 2008
Gildan Activewear Inc. (TSX:GIL) hopes to replicate the success it has harnessed in North America by building a new low-cost manufacturing hub to service the densely populated Asian market.
ATK to seek Investment Canada Act approval for MDA acquisition
January 31, 2008
Alliant Techsystems (NYSE: ATK) said Thursday it will file an application under the Investment Canada Act for a review of its deal to buy the information systems and geospatial businesses of MacDonald Dettwiler and Associates (TSX:MDA).
Tens of thousands of Mexican farmers, activists protest against NAFTA
January 31, 2008
Led by a column of tractors, tens of thousands of demonstrators marched through downtown Mexico City on Thursday to protest against recent trade openings that removed the last tariff protections for ancestral Mexican crops like corn and beans.
Imperial Oil posts record high profit in 2007; earns $886 million in Q4
January 31, 2008
Higher crude prices, smooth-running marketing and refinery operations and higher volumes from the Syncrude oilsands project helped power Imperial Oil Ltd. (TSX:IMO) to a record high profit last year.
Menu Foods increases price for wet pet food sold to private-label customers
January 31, 2008
Menu Foods Income Fund (TSX:MEW.UN) has raised the price on its wet pet food sold to its private-label customers.
Trafalgar Energy proved plus probable reserves up 85 per cent last year
January 31, 2008
Trafalgar Energy Ltd. (TSX:TFL) said Thursday its proved plus probable reserves increased 85 per cent last year to 2.6 million barrels of oil equivalent at the end of 2007, up from 1.4 million a year earlier.
EU negotiator sees progress in free trade talks with South Korea
January 31, 2008
The European Union's chief negotiator in free trade talks with South Korea said Friday the current round of negotiations has yielded significant advances but added contentious issues such as automobiles were not discussed.
Canadian dollar drops below parity on weak economic news and profit taking
January 31, 2008
More clouds over the U.S. financial industry and a report showing Canada's manufacturing and forestry output declined in November, combined to help push the loonie down by more than a cent on Thursday.
Cott signs deal for new molding and water bottling equipment
January 31, 2008
Cott Corp. (TSX:BCB) said Thursday it has signed a lease-financing agreement for blow molding and water bottling equipment manufactured by Sidel Group.
Most actively traded companies on Canadian stock markets
January 31, 2008
Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Slowing U.S. economy prompts Home Depot to cut 500 jobs at Atlanta headquarters
January 31, 2008
The Home Depot Inc., the world's largest home improvement store chain, said Thursday it is cutting 500 jobs at its headquarters in part because of market conditions caused by the slowing U.S. economy.
Judge denies Conrad Black’s appeal to remain free on bail pending appeal
January 31, 2008
A U.S. federal judge has denied Conrad Black's long-shot request to remain free on bail pending appeal of his fraud and obstruction-of-justice conviction.
Bondholders legal challenge of BCE takeover in the hands of judge
January 31, 2008
The fate of the $52-billion takeover of Canada's largest telecommunications company may be in the hands of a Quebec judge after legal arguments ended Thursday in a challenge by bondholders against the takeover of BCE Inc. (TSX:BCE) by a private consortium.
Northgate Minerals says takeover of Perseverance gets OK from Aussie court
January 31, 2008
An Australian court has given the OK to Northgate Minerals Corp.'s (TSX:NGX) takeover of Australian miner Perseverance Corp. in a US$257-million agreement.
Goldcorp to sell remaining stake in Silver Wheaton in secondary offering
January 31, 2008
Goldcorp Inc. (TSX:G) has signed a deal to sell its remaining 48 per cent stake in Silver Wheaton (TSX:SLW) in a secondary offering of 108 million shares worth $1.57 billion or $14.50 per share.
Over 5 million will lose their jobs this year in economic slowdown: UN forecast
January 31, 2008
More than five million people will lose their jobs this year as the world economy slows, an official at the UN labour agency said Thursday.
Lengthy talks to rescue $33B in ABCP could hurt some small companies, critics say
January 31, 2008
Critics of a committee formed to rescue $33 billion in commercial paper say it is taking too long to come to a resolution, leaving the futures of some small Canadian companies who want their money back in limbo.
Tembec’s largest shareholder unveils details of its proposal for forestry company
January 31, 2008
Tembec's (TSX:TBC) largest shareholder Jolina Capital Inc. said it met Thursday with the company's bondholders to present its $620.8 million recapitalization offer that was rejected by the troubled lumber producer.
AbitibiBowater closes three Quebec sawmills due to U.S. market downturn
January 31, 2008
AbitibiBowater (TSX:ABH) is temporarily closing three sawmills in Quebec because of poor market conditions in the United States.
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