Ivanhoe Mines makes big copper finds in Africa
CBJ – Feb. 9 – Ivanhoe Mines Ltd. has made impressive copper discoveries in the Democratic Republic of Congo and South Africa, Reuters is reporting. Vancouver-based Ivanhoe (NYSE, Nasdaq, TSX: IVN)...
View ArticleUnemployment drop provides optimism: Bernanke
CBJ – Feb. 9 – Falling unemployment is encouraging but the U.S. economy has miles to go before it's back where it was before the recession, U.S. Federal Reserve Chairman Ben Bernanke said today....
View ArticleWestJet flies high on record Q4
CBJ – Feb. 9 – Canada's No. 2 airline had a soaring 2010 as a record fourth quarter bolstered WestJet's annual net earnings to $136.7 million – a 39.3 per cent improvement over the year before....
View ArticleOil supertanker hijacked near Oman
CBJ – Feb. 9 – A Greek oil supertanker was hijacked near Oman, the BBC is reporting. The ship, carrying 266,000 tons of crude oil – around US$200 million worth – was departing for the Gulf of Mexico...
View ArticleNYSE, Deutsche Börse considering merger
CBJ – Feb. 9 – Stock exchange operators NYSE Euronext Inc. and Deutsche Börse AG, the operator of the Frankfurt Stock Exchange, are considering a merger. NYSE confirmed today it was “engaged in...
View ArticleCN putting $1.7 billion into capital projects
CBJ – Feb. 9 – Canadian National Railway Co. is spending $1.7 billion on infrastructural upgrades this year, the company announced today. Montreal-based CN (NYSE: CNI, TSX: CNR) will put the bulk of...
View ArticleEncana falls hard in Q4, still posts winning 2010
CBJ – Feb. 10 – Encana Corp. posted a US$42-million loss in 2010's last quarter, a sharp fall from $233 million in earnings posted the year before. The quarter brought a soft end to 20110, which still...
View ArticleNew housing prices slow in December
CBJ – Feb. 10 – The New Housing Price Index, which tracks the prices of the first sale of new homes, saw a small 0.1 per cent gain in December, slowing from a 0.3 per cent improvement the month before....
View ArticleCisco Systems sees net income fall 17.9%
CBJ – Feb. 10 – The second quarter of fiscal 2011 was not kind to consumer electronics company Cisco Systems Inc., which saw a 17.9 per cent drop in net income even as sales grew 6 per cent. San Jose,...
View ArticleQantas engine blowout cost Rolls-Royce £56 mil
CBJ – Feb. 10 – An engine blowout that grounded a Qantas Airbus A380 in November has cost engine manufacturer Rolls-Royce Ltd. £56 million, the company said today. “The failure of a Trent 900 engine on...
View ArticlePepsi unenthusiastic about 2011's prospects
CBJ – Feb. 10 – PepsiCo Inc., fresh off a year of fair growth, is wary of a “weak consumer landscape” this year as poor employment numbers hinder sales in its cornerstone markets, the company said...
View ArticleEnbridge offering $1B to groups to push pipeline though
CBJ – Feb. 10 – Pipeline operator Enbridge Inc. is pledging $1 billion for First Nations to quell opposition to its massive Northern Gateway pipeline, the Globe and Mail is reporting.Beyond a 10 per...
View ArticleMubarak doesn't announce early exit in speech
CBJ – Feb. 10 – A highly-anticipated speech by Egyptian President Hosni Mubarak came and went tonight without an expected announcement he would resign. Crowds chanted for Mubarak to “get out” in...
View ArticleNokia, Microsoft teaming up on cellphones
CBJ – Feb. 11 – The world's largest cellphone maker and the tech world's global powerhouse are teaming up to conquer the mobile phone market. Espoo, Finland-based Nokia (NYSE: NOK) and Redmond,...
View ArticleTelus rings up solid quarterly profit
CBJ – Feb. 11 – Firm growth in wireless, Internet and TV services shored up losses in traditional home phone business for Telus Corp., as the telecommunications company saw revenues grow 4.4 per cent...
View ArticleCanada posts first trade surplus since Feb. 2010
CBJ – Feb. 11 – Canada swung to a $3 billion trade surplus in December, distancing the country from a record deficit in July to the first winning month since February 2010. Exports gained 9.7 per cent...
View ArticleDe Beers reports shimmering profit for 2010
CBJ – Feb. 11 – Healthy sales improved De Beers Group's balance sheet as the diamond producer posted net earnings of US$546 million in 2010, up from a $743 million loss the year before. Growth in sales...
View ArticleMubarak steps down after all
CBJ – Feb. 11 – Egyptian President Hosni Mubarak has resigned, Egyptian vice-president Omar Suleiman announced on state TV today. “President Hosni Mubarak has decided to step down from the office of...
View ArticleOntario rains on TMX's merger parade
CBJ – Feb. 11 – Ontario's Finance Minster, Dwight Duncan, is casting some gloom on TMX Group Inc.'s pending merger with London Stock Exchange Group Plc. Speaking with reporters at Queen's Park today,...
View ArticleBlockbuster looking to sell itself: report
CBJ – Feb. 11 – Video rental chain Blockbuster Inc. will put itself up for sale, the Wall Street Journal is reporting. The sale comes as the company's creditors refused to fund Blockbuster to help...
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