Thursday September 02, 2010
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Canada's five biggest banks earned $4.8 billion in third quarter

TORONTO - Canada's five biggest banks earned a combined $4.8 billion in third quarter profits, nine per cent more than last year, as they cashed in on strong growth in mortgages, consumer and corporate loans and other retail operations....

posted: September 2,2010





Business

TSX up, supported by miners, bank stocks even as TD narrowly misses forecasts

TORONTO - The Toronto stock market was higher Thursday as further signs of U.S. economic growth helped lift commodity prices while bank stocks ran ahead even as TD Bank (TSX:TD) delivered quarterly earnings that narrowly missed...


Dell ends bidding contest over data-storage maker 3Par, will not match HP's $2.07B offer

SEATTLE - Dell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc....


Better times ahead for Canada's oil companies with expected $8.4B profit in 2010

CALGARY - A business think-tank sees rosier times ahead for Canadian oil producers, who are expected to reap $8.4-billion in profits this year as the world economy recovers from the recession and energy demand picks up....


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....


Xstrata's proposed acquisition of Noranda falls through; Noranda units drop

TORONTO - The Noranda Income Fund (TSX:NIF.UN) lost more than seven per cent of its value Thursday after the takeover of the company by global miner Xstrata Zinc fell through....


Saskatchewan says Conference Board of Canada will review PotashCorp bid

REGINA - Saskatchewan's Energy and Resources minister says the Conference Board of Canada will conduct an independent analysis of a proposed takeover of PotashCorp (TSX:POT)....








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