Argentina defaults again as debt talks break down

Debt talks between U.S. hedge funds and Argentina collapsed late Wednesday, and the country entered its second default since 2000. Ratings agency Standard & Poor's declared Argentina had entered what's known as "selective default" after...

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Canada's economy expands in May for 5th straight month

Factory employees work on Ford Crown Victoria cars. Virtually all industries in Canada's economy expanded in May. (Dave Chidley/Canadian Press) Canada's economy expanded by 0.4 per cent in May, a sharp improvement from 0.1 per cent the month before....

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Toronto restaurant brings home the bacon — on everything

There's lots of sizzle when you work with four types of bacon. Andrew Motta first fries up a ground bacon patty, tops it with bacon strips, and tops that off with Canadian peameal bacon. "We're not done yet," he warns, as he piles on chipotle pulled...

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Target thinks outside the big box to find new CEO

Brian Cornell was named Target's new president and CEO Thursday. (April L. Brown/Associated Press) Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers. The Minneapolis-based...

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Barrick Gold has $269M loss on weak gold, copper prices

Barrick Gold reported a $269 million loss, but says it has been successful in cutting production costs. (Adam Tanner/Reuters) Barrick Gold Corp. had a $269-million net loss on lower earnings in the second quarter, in part because of a $514 million...

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Argentina, on verge of debt default, meeting with U.S. bondholders

Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it or win a reprieve from a U.S. court, as a surge in the country's bond prices fed optimism that an agreement was possible. Attorneys...

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McDonald's ruling steps up pressure over labour rights

McDonald's is coming under intensifying pressure for labour practices at its U.S. restaurants. The National Labor Relations Board said Tuesday that the world's biggest hamburger chain could be named as a joint employer in several complaints regarding...

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Twitter stock soars as number of active users surpasses 270 million

Twitter shares gained sharply after the company's quarterly results were released this week. (Richard Drew/Associated Press) Shares in social media company Twitter spiked Wednesday, a day after as the company revealed it more than doubled its revenue...

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Thalmic Labs begins shipping motion-control armbands

Thalmic Labs, a startup based in Kitchener, Ont., is shipping pre-orders of its highly anticipated Myo armband, the latest innovation in the burgeoning field of wearable tech. The device allows users to control and manipulate computers, video games,...

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Penn West to restate results after accounting irregularities

Penn West will be restating its earnings for the past four years. (Matthew Brown/ Associated Press) Calgary-based energy company Penn West says it will be conducting a thorough review of its books and restating past results. "While this review is...

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BlackBerry boosts security assets with Germany's SecuSmart

BlackBerry has bought German anti-eavesdropping firm SecuSmart in a move to bulk up its security assets. The company did not disclose the financial details of the agreement, which was announced at a security-themed event held in New York. Chief executive...

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WestJet profit hits $52 million in second quarter

WestJet will soon add wide-body planes to its fleet so it can compete with Air Canada on more routes. (Carolyn Ryan/CBC) WestJet says it recorded higher net earnings of $51.8 million in the second quarter, or 40 cents per share diluted, the airline's...

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Stoney Nakoda First Nation signs 'huge' oil deal with Chinese firm

Alberta's Stoney Nakoda First Nation says it has signed a "huge" deal with a Chinese petrochemical company to develop oil and gas on its land. The First Nation is located 60 kilometres west of Calgary and has signed a joint venture...

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Chinese cyberattack hits Canada's National Research Council

A "highly sophisticated Chinese state-sponsored actor" recently managed to hack into the computer systems at Canada's National Research Council, confirms the country's chief information officer, Corinne Charette. The attack was discovered by Communications...

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Alissa Chavez's Hot Seat alarm aims to prevent child hot car deaths

A 17-year-old girl from New Mexico has invented a device that alerts parents —and passersby —  if a child is left in their car. The invention by Alissa Chavez of Albuquerque aims to reduce the chance that a child will die in an overheated...

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Nigel Wright, Harper's ex-chief of staff, returns to Onex

New Wright left PMO in 2013 after cutting personal cheque for Senator Mike Duffy to repay improper expenses CBC News Posted: Jul 28, 2014 10:44 AM ET Last Updated: Jul 28, 2014 11:26 AM ET Nigel Wright, Prime Minister Stephen Harper's...

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Court orders Russia to pay $50 billion to Yukos shareholders

Former oil tycoon Mikhail Khodorkovsky was freed after spending years in jail because of his connection to Yukos, the oil company the Russian government seized and sold off. (Steffi Loos/Reuters) An international court on Monday ordered Russia to...

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'We're not the Jetsons yet': Volvo's 'world first' safety features next step in a smarter car

A drowsy driver is about to drift off the road when suddenly the seat belt tightens, or extra torque is applied to the steering wheel and the vehicle pulls itself back on track. Or maybe a driver is turning in front of an unseen oncoming car when on-board...

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Scotiabank & 2 other banks accused of rigging silver price

An investor is suing some major banks for fixing the price of silver to their advantage. (Nicky Loh/Bloomberg) The Bank of Nova Scotia, along with Deutsche Bank and HSBC, has been accused of fixing the price of trillions of dollars worth of silver....

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Australian company buys proposed N.S. LNG site

Australia-based Liquefied Natural Gas Ltd. announced Monday it is purchasing a potential natural gas export site in Nova Scotia from a subsidiary of Anadarko Petroleum Corp. for $11 million. The company says the deal to buy the Bear Head LNG project...

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Is Canada missing the boat on cycling tourists?

For Steve Langston, a Winnipegger with 30,000 kilometres of world-wide bike travel under his belt, the cycling trails in Quebec felt "like Amsterdam," and proved a rare exception to most others he'd traversed across this country. ...

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MH17 tragedy, rebounding retailers and Parks Canada's new threads: the week in business

Airplane fears dominated the news cycle this week, and the financial world was no exception. After the tragedy in Ukraine when rebels reportedly shot down a commercial airliner, the outlook got worse for aviation after a rocket strike landing within...

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Argentina facing default on $1.5B debt

Argentina's negotiations with creditors to resolve a dispute over $1.5 billion in unpaid debts remained deadlocked following talks Friday, setting it on a course for a possible catastrophic default next week. Argentina will default for the second time...

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5 ways to save on wedding costs

Chances are, someone you know will get married this year. A recent unscientific survey by Weddingbells magazine says there will be 162,056 weddings across the country in 2014, each with an average price tag of $31,685. And let's face it, much like...

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Germany to reject Canada-EU trade deal, newspaper reports

Germany is to reject a multibillion-dollar free trade deal between the European Union and Canada which is widely seen as a template for a bigger agreement with the United States, a leading German paper reported on Saturday. Citing diplomats in Brussels,...

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Industry Canada approves AltaLink sale to Berkshire Hathaway Energy

The federal government has approved the pending sale of an Alberta utility provider to an American company. Berkshire Hathaway Energy's application to buy AltaLink received approval Friday from Industry Canada. As a result, the American company...

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MH17 tragedy, rebounding retailers and Parks Canada's new threads: the week in business

Airplane fears dominated the news cycle this week, and the financial world was no exception. After the tragedy in Ukraine when rebels reportedly shot down a commercial airliner, the outlook got worse for aviation after a rocket strike landing within...

22.39 | 0 komentar | Read More

Argentina facing default on $1.5B debt

Argentina's negotiations with creditors to resolve a dispute over $1.5 billion in unpaid debts remained deadlocked following talks Friday, setting it on a course for a possible catastrophic default next week. Argentina will default for the second time...

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