Cellphone roaming rates to be examined at CRTC hearing

The CRTC is hosting a week-long hearing beginning Monday into what consumers are charged in roaming fees while travelling with their cellphones. (Carlos Barria/Reuters) Canada's telecom regulator is looking into the rates cellphone companies...

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Air France pilots end 14-day strike

Despite no deal in sight, Air France' s main pilots union on Sunday unilaterally ended a 14-day strike that grounded roughly half of the airline's flights, stranded passengers worldwide, cost tens of millions of dollars and led France's prime minister...

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Japan's SoftBank in talks to buy animation giant DreamWorks

Japan's SoftBank Corp is in talks to acquire DreamWorks Animation SKG, the Hollywood studio behind the Shrek and Madagascar movie hits, a person with knowledge of the situation said. An acquisition of DreamWorks by SoftBank would make it part...

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Encana scoops up Texas-based Athlon in $7.1B deal

Encana Corp. has made a deal with Texas-based Athlon Energy to take over the company for just over $7 billion. Calgary-based Encana announced the deal before markets opened Monday morning. The move gives Encana access to a major Texas oil...

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Coal mining revival in Crowsnest Pass eyed by Australian company

The Crowsnest Pass in southern Alberta hasn't seen a working coal mine in decades, but an Australian company has a plan to change that. Sydney-based Riversdale Resources recently acquired a major coal deposit on Grassy Mountain north of Blairmore. ...

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Statoil decision to shelve oilsands project is concerning, Prentice says

Alberta Premier Jim Prentice says it's concerning that Norway's Statoil has put its oilsands project on hold. The company announced earlier Thursday it will postpone a multi-billion-dollar project near Fort McMurray for at least three years, citing...

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BlackBerry stamps its Passport, Rockefellers get out of oil: BUSINESS WEEK WRAP

It wasn't quite as glitzy as rival Apple's big day last week, but Waterloo Ontario's BlackBerry has had a big week after unveiling its latest smartphone, the Passport, to the world on Wednesday. The device's main distinguishing characteristic...

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Nickel giant Vale gets into the bee business

Morning North Vale turn to bees for re-greening 0:00 / 7:42 Vale turn to bees for re-greening7:42 Mining company Vale is hoping honey bees will encourage its re-vegetation project in Sudbury. For decades, nickel producer Vale...

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Cuba hands Canadian businessman 15-year sentence on corruption charges

A Canadian company says its president has been sentenced in Cuba to 15 years in prison on corruption-related charges that Cuban officials call part of a widespread campaign against graft. The Ontario-based automotive company Tokmakjian Group says its...

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U.S. economy climbs, but expect turbulence: Don Pittis

On the face of it the numbers certainly look good. With every revision, the U.S. Commerce Department has upped its estimate. On Friday, its third and final assessment showed gross domestic product increasing at a healthy rate of 4.6 per cent this...

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EU loosens rules for cellphone use on planes

The European Aviation Safety Agency has opened the way for passengers to use portable electronics and cellphones at any time on aircraft. Under new guidelines issued Friday, Europe's airlines can allow passengers to use their electronics or their cellphones...

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'Bond King' Bill Gross leaves PIMCO for Janus Capital

Bill Gross helped build PIMCO into one of the world's largest bond managers since founding the firm in 1971. (Pacific Investment Management Co./Associated Press) Legendary bond investor Bill Gross is leaving the $2 trillion investment firm he founded...

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Stock markets rebound Friday after Thursday's steep fall

Toronto and New York markets rebounded Friday from steep losses the day before, as investors sought bargains amid Thursday's lower stock prices. Toronto's S&P/TSX composite index soared 133.20 points to close at 15,026.77, propped up by gains in...

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New York Fed denies deference to big banks

The Federal Reserve Bank of New York says it "categorically rejects" allegations made by a former examiner that the Fed has become deferential to America's biggest banks and fails to effectively regulate them. The New York Fed was responding...

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BlackBerry stamps its Passport, Rockefellers get out of oil: BUSINESS WEEK WRAP

It wasn't quite as glitzy as rival Apple's big day last week, but Waterloo Ontario's BlackBerry has had a big week after unveiling its latest smartphone, the Passport, to the world on Wednesday. The device's main distinguishing characteristic...

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Ford recalls 850,000 vehicles for non-deploying airbags

The Ford Escape is one of many vehicles the company recalled Friday for possibly defective airbag deployment. (Ford/Associated Press) Ford Motor Company is recalling more than 850,000 vehicles across North America for a defect that may result in air...

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American economy growing at fastest pace since 2011

The American economy expanded at its fastest pace in more than two years this past spring, official data showed Friday. (The Associated Press) After a dismal winter, the U.S. economy expanded at an annual rate of 4.6 percent in the spring, the fastest...

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BlackBerry trims loss to better than expected $207M

BlackBerry reported a $207-million US loss for the second quarter, much better than analysts were expecting, despite a $50-million drop in revenues. The second-quarter earnings report was released after the company's official launch earlier...

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Kinder Morgan loses motion to allow tree cutting on Burnaby Mountain

The National Energy Board has dismissed a motion by Kinder Morgan asking the federal regulator to forbid the City of Burnaby from blocking the company's pipeline survey work. The board says in a decision released Thursday that Kinder Morgan is essentially...

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Apple winning back fans with fast response to glitch

Apple's response to a high-profile gaffe involving its iPhone software may be more important than the glitch itself. As the giant tech company scrambled to fix a software glitch that left some of its new iPhones unable to make calls, some analysts said...

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Petronas may pull out of B.C. LNG project

Malaysian energy conglomerate may pull out of an LNG project on B.C.'s coast, the Financial Times says. (Bazuki Muhammad/Reuters) Malaysian state-owned energy company Petronas is threatening to pull out of a liquefied natural gas project on the north...

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Is BlackBerry's new smartphone a Passport to a brighter future?

The BlackBerry Passport may have already been in the works before he came on board, but its release encapsulates the strategy chief executive John Chen has for the beleaguered company as it attempts to claw back market share in the smartphone...

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Jason Kenney faces foreign-worker fallout in own backyard

James Rajotte has been getting an earful.  Like many of his caucus colleagues, the Conservative MP from the riding of Edmonton-Leduc is taking a lot of flak about his government's decision to reduce access to temporary foreign workers. "I've...

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Cyber experts warn of powerful 'Bash' computer bug

Cyber experts are warning a security flaw known as the "Bash" bug may pose a serious threat to computers using Unix-based operating systems such as Linux and Mac OS X, even more grave than the "Heartbleed" bug that surfaced in April. Bash...

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Pick-and-pay TV inevitable, C.D. Howe report says

Forcing TV service providers to offer their customers television channels on a pick-and-pay basis would be a waste of time, because it will come in any case, says a new study. The C.D. Howe Institute report to be released today says ever-changing technology...

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UN Climate Summit: A 'game-changer' for global warming?

UN Secretary General Ban Ki-moon looks to have pulled off a remarkable feat in gathering world leaders together to spell out their national action plans for climate change, at a time when the issue had just about fallen off political radars....

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