Business News
3G Capital to acquire Burger King for $24 per share, or $3.26 billion
MIAMI - Burger King Holdings Inc. (NYSE:BKC) is selling itself to private equity firm 3G Capital in a deal valued at US$3.26 billion. Thursday's $24-per-share offer comes after a day of speculation...
Fed chairman says banks must be shut down if they threaten financial system
WASHINGTON - U.S. Federal Reserve chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down...
Rising commodity prices could support TSX; TD profit up 29%, misses forecast
TORONTO - The Toronto stock market could find a slight gain from the mining sector Thursday as gold and copper prices advanced, adding to solid gains from the previous session on bullish manufacturing...
TSX heads for lower open after strong advance; TD profit up 29%, misses forecast
TORONTO - The Toronto stock market headed for a lower open Thursday as commodity prices backed off slightly from solid gains on Thursday that followed bullish manufacturing data in China and the Unite...
TD Bank third-quarter net profit rises 29 per cent to $1.18 billion
TORONTO - TD Bank (TSX:TD) says its profits grew 29 per cent in the third quarter to $1.18 billion, narrowly missing expectations. The results released Thursday were equivalent to $1.29 per diluted...
Growth in U.S., Chinese industrial sectors eases fears of new recession
WASHINGTON - Manufacturing is growing in the United States and abroad, easing fears that the world economy might be on the verge of a second recession. The U.S. sector expanded for a 13th straight ...
Couche-Tard increases odds of buying Casey's by raising bid to US$2 billion
MONTREAL - Alimentation Couche-Tard may have given itself a fighting chance in its hostile bid for Casey's General Stores by increasing its offer for the Iowa-based convenience store chain to US$2 bil...
Husky buys natural gas lands in Alberta foothills from Talisman Energy
CALGARY - Husky Energy Inc. has agreed to buy natural gas lands in west-central Alberta that could be worth as much as half a billion dollars, doubling its operations in the region as it focuses on bo...
Incentives boost sales of trucks and SUVs in August; overall Canadian sales flat
TORONTO - Canadian auto sales were essentially flat in August, with big vehicles like SUVs and pickup trucks dramatically outselling smaller cars amid a spate of consumer incentives. Overall, 136,0...
TSX closes higher, commodities rise on strong U.S., Chinese manufacturing data
TORONTO - The Toronto stock market closed at a three-and-a-half month high Wednesday, led by energy and mining companies after strong manufacturing figures from the U.S. and China raised hopes for imp...
