Latest news from Canada.com - Business feed

Latest news from Canada.com - Business feed

  1. US stock indexes slip after push to record highs

    05.26 / 16:44 www.canada.com Canada.com - Business
    NEW YORK — U.S. stocks are little changed Friday, keeping indexes near record highs following a six-day winning streak. Technology companies, which have led the market's recent rally, are slightly lower as video game companies skid and energy companies are sliding. Household goods companies are rising as beauty products makers Ulta and Coty…
  2. Restructured and much smaller Penn West proposes name change to Obsidian Energy

    05.26 / 16:44 www.canada.com Canada.com - Business
    CALGARY — Penn West Petroleum Ltd. (TSX:PWT) wants to change its name to Obsidian Energy Ltd. after surviving an accounting scandal, debt crisis and commodity price crash over the past three…
  3. Ford's ex-CEO leaves company with $51.1 million

    05.26 / 16:44 www.canada.com Canada.com - Business
    DETROIT — Ford's former CEO Mark Fields is leaving the company with an estimated $51.1 million in cash, stock awards and pension…
  4. US stock indexes waver, keeping market near record highs

    05.26 / 15:37 www.canada.com Canada.com - Business
    NEW YORK — U.S. stocks are little changed Friday, keeping indexes near record highs following a six-day winning streak. Technology companies, which have led the market's recent rally, are flat overall. Video game companies are falling as Wall Street was disappointed by forecasts from GameStop. Consumer-focused companies…
  5. Trump ruffles feathers by calling Germans 'bad' - on trade

    05.26 / 15:37 www.canada.com Canada.com - Business
    TAORMINA, Italy — President Donald Trump has said Germans are "bad" for having a large trade surplus with the United States, drawing attention to a contentious issue at a summit of world leaders where trade is already a sticking…
  6. Feds run $21.8B deficit in 16-17, putting them close to target: early analysis

    05.26 / 15:37 www.canada.com Canada.com - Business
    OTTAWA — A preliminary analysis of the federal books suggests the government ran a 2016-17 deficit of $21.8 billion to put the Liberals close to their projection for the fiscal…
  7. Markets Right Now: Stocks start lower after 6-day streak

    05.26 / 15:37 www.canada.com Canada.com - Business
    The latest on developments in financial markets (All times…
  8. Muslim man sues Little Caesars over pizza labeled 'halal'

    05.26 / 14:32 www.canada.com Canada.com - Business
    DEARBORN, Mich. — A Muslim man who says Little Caesars served him a pizza with pepperoni made with pork has filed a lawsuit seeking $100 million from the restaurant…
  9. Hard Rock charts different path for Trump's former casino

    05.26 / 14:32 www.canada.com Canada.com - Business
    ATLANTIC CITY, N.J. — Hard Rock International is upping its investment in Atlantic City's former Trump Taj Mahal…
  10. US durable goods orders fell for first time in 5 months

    05.26 / 13:28 www.canada.com Canada.com - Business
    WASHINGTON — U.S. orders for long-lasting manufactured goods dropped in April for the first time in five months, and a key category that tracks business investment went nowhere for the second straight…
  11. Fireworks ignite inside grocery store, prompting evacuation

    05.26 / 12:43 www.canada.com Canada.com - Business
    ATLANTA — Shoppers at an Atlanta grocery store had to abandon their carts and leave the store after someone ignited a fireworks display inside, setting off the sprinkler…
  12. CEO pay by the numbers: How big were last year's raises?

    05.26 / 11:37 www.canada.com Canada.com - Business
    The typical big-company CEO raked in $11.5 million last year in salary, stock and other compensation, according to a study by executive data firm Equilar for The Associated Press. That's an 8.5 per cent raise from a year earlier, the biggest in three…
  13. The Latest: Italy backs G-7 action on climate, migrants

    05.26 / 10:34 www.canada.com Canada.com - Business
    TAORMINA, Italy — The Latest on the G-7 summit in Taormina, Sicily (all times…
  14. Cyprus' economy expected to pick up speed over next 2 years

    05.26 / 09:31 www.canada.com Canada.com - Business
    NICOSIA, Cyprus — The governor of Cyprus' Central Bank is projecting that the east Mediterranean island's economic growth will pick up from 2.8 per cent this year to around 3 per cent annually over the next two…
  15. Free trade, climate among issues on Trudeau agenda at G7 summit in Italy

    05.26 / 09:31 www.canada.com Canada.com - Business
    TAORMINA, Italy — Foreign Affairs Minister Chrystia Freeland says Canada will champion the benefits of free trade and action on climate change at the G7 Summit in Taormina, Sicily, even as U.S. President Donald Trump tries to steer the world in another…
  16. Moldova: mayor detained over city parking contract

    05.26 / 09:31 www.canada.com Canada.com - Business
    BUCHAREST, Romania — Moldovan anti-corruption prosecutors say the mayor of Chisinau has been detained on suspicion of influence trafficking in a city parking…
  17. Trump, G7 peers seek deals on terrorism, trade, climate

    05.26 / 07:25 www.canada.com Canada.com - Business
    TAORMINA, Italy — The differences are well-known: climate change, trade and migration threaten to throw a summit of the Group of Seven wealthy democracies off its consensus game, with U.S. President Donald Trump cast as the spoiler-in-chief. But it may not play out exactly that way, according to long-time G7…
  18. Japan inflation edges up in April as oil prices rebound

    05.26 / 03:31 www.canada.com Canada.com - Business
    TOKYO — Japan's core consumer price index climbed to a two-year high in April of 0.3 per cent, as costs for energy…
  19. Judge: UPS must pay $247M to NYC and state in cigarette case

    05.26 / 03:31 www.canada.com Canada.com - Business
    NEW YORK — A federal judge has ordered delivery giant UPS Inc. to pay New York City and the state nearly $247 million in damages and penalties for illegally shipping…
  20. Utah law that could send online bullies to jail criticized

    05.26 / 01:41 www.canada.com Canada.com - Business
    SALT LAKE CITY — Utah lawmakers hope a new, unusual law cuts down on increasingly troubling forms of cyber harassment by giving authorities the ability to send online bullies to jail for a…