Oil supertanker hijacked near Oman
CBJ – Feb. 9 – A Greek oil supertanker was hijacked near Oman, the BBC is reporting. The ship, carrying 266,000 tons of crude oil – around US$200 million worth – was departing for the Gulf of Mexico...
View ArticleNYSE, Deutsche Börse considering merger
CBJ – Feb. 9 – Stock exchange operators NYSE Euronext Inc. and Deutsche Börse AG, the operator of the Frankfurt Stock Exchange, are considering a merger. NYSE confirmed today it was “engaged in...
View ArticleCN putting $1.7 billion into capital projects
CBJ – Feb. 9 – Canadian National Railway Co. is spending $1.7 billion on infrastructural upgrades this year, the company announced today. Montreal-based CN (NYSE: CNI, TSX: CNR) will put the bulk of...
View ArticleEncana falls hard in Q4, still posts winning 2010
CBJ – Feb. 10 – Encana Corp. posted a US$42-million loss in 2010's last quarter, a sharp fall from $233 million in earnings posted the year before. The quarter brought a soft end to 20110, which still...
View ArticleNew housing prices slow in December
CBJ – Feb. 10 – The New Housing Price Index, which tracks the prices of the first sale of new homes, saw a small 0.1 per cent gain in December, slowing from a 0.3 per cent improvement the month before....
View ArticleCisco Systems sees net income fall 17.9%
CBJ – Feb. 10 – The second quarter of fiscal 2011 was not kind to consumer electronics company Cisco Systems Inc., which saw a 17.9 per cent drop in net income even as sales grew 6 per cent. San Jose,...
View ArticleQantas engine blowout cost Rolls-Royce £56 mil
CBJ – Feb. 10 – An engine blowout that grounded a Qantas Airbus A380 in November has cost engine manufacturer Rolls-Royce Ltd. £56 million, the company said today. “The failure of a Trent 900 engine on...
View ArticlePepsi unenthusiastic about 2011's prospects
CBJ – Feb. 10 – PepsiCo Inc., fresh off a year of fair growth, is wary of a “weak consumer landscape” this year as poor employment numbers hinder sales in its cornerstone markets, the company said...
View ArticleEnbridge offering $1B to groups to push pipeline though
CBJ – Feb. 10 – Pipeline operator Enbridge Inc. is pledging $1 billion for First Nations to quell opposition to its massive Northern Gateway pipeline, the Globe and Mail is reporting.Beyond a 10 per...
View ArticleMubarak doesn't announce early exit in speech
CBJ – Feb. 10 – A highly-anticipated speech by Egyptian President Hosni Mubarak came and went tonight without an expected announcement he would resign. Crowds chanted for Mubarak to “get out” in...
View ArticleTop tech minds meeting Obama today: report
CBJ – Feb. 17 – U.S. President Barack Obama will meet with leaders from Apple Inc., Google Inc. and Facebook today, according to Reuters. Apple CEO Steve Jobs, Facebook founder Mark Zuckerberg and...
View ArticleEssar Oil buying UK refinery from Shell
CBJ – Feb. 17 – Essar Oil Ltd. is buying a U.K. refinery from Royal Dutch Shell for as much as US$400 million, Reuters is reporting. Mumbai-based Essar will buy Shell's Stanlow refinery in northwest...
View ArticleGas ratchets up inflation again
CBJ – Feb. 18 – Canada's Consumer Price Index rose 2.3 per cent in the year to January, with a 13 per cent hike in gasoline prices powering most of the rise, according to Statistics Canada's latest...
View ArticleChinese, Brazilian stock exchanges partnering
CBJ – Feb. 18 – The Shanghai Stock Exchange and Brazil's BM&F Bovespa exchange will sign a co-operation agreement on Monday, the BBC is reporting. The partnership could eventually result in...
View ArticleAnglo American sees profits soar
CBJ – Feb. 18 – Mining giant Anglo American Plc saw profits attributable to shareholders take a meteoric 170 per cent rise in 2010, hitting US$6.5 billion as commodity prices flew through the year....
View ArticleReforms needed to ensure global currency balance: Bernanke
CBJ – Feb. 18 – Global fiscal imbalances mean G20 nations need to agree to “strengthen the rules of the game,” Federal Reserve Chairman Ben Bernanke told the Financial Stability Review Launch Event...
View ArticleCanadian wine consumption to outpace world by six times
CBJ – Feb. 18 – Already one of the world's big wine drinkers, Canada will see wine sales volumes grow by 19 per cent by 2014, according to a new study. The study by British firm ISWR for Vinexpo...
View ArticleAmerican Airlines rehires more flight attendants
CBJ – Feb. 18 – American Airlines will bring 200 furloughed flight attendants back into its workforce in the latest sign of the recovery of the U.S. air travel industry. According to Bloomberg, the...
View ArticleArcelorMittal, partner have 93% of Baffinland
CBJ – Feb. 18 – A joint offer for Baffinland Iron Mines Corp. by worldwide steel giant ArcelorMittal and partner Nunavut Iron Ore Acquisition Inc. has expired with the companies holding 93 per cent of...
View ArticleExchanges closed for holiday today
CBJ – Feb. 21 – Canadian exchanges are closed today as traders get Family Day off to (ostensibly) spend at home with their families. The Toronto Stock Exchange, TSX Venture Exchange and Montreal...
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