Business torrents

MONTREAL – Air Canada says it's embarking on a cultural change that will result in deeper cost cutting, including possible route and fleet reductions, […]

The number of newly laid-off workers filing first-time claims for jobless benefits rose last week, the government said, though the increase was mostly due […]

Nortel Networks Corp. appears to be heading toward a break up after a foreign maker of telecom equipment successfully bid for its key wireless unit […]

Goldman Sachs Group Inc.’s colossal second-quarter earnings of $2.72 billion (U.S.) ignited a firestorm of public outrage yesterday, taking the shine off of what was […]

Canada is still a B student when it comes to economics, says the Conference Board of Canada.
The research organization released a report card yesterday on […]

Chrysler’s bankruptcy lasted just six weeks, but its next test — operating as a Fiat SpA-controlled company — arguably will last longer.
The road […]

VANCOUVER–The former president and CEO of Southwestern Resources Corp., John Paterson, has settled with the British Columbia Securities Commission after admitting to fraud and illegal […]

U.S. foreclosure activity for May ebbed from April’s record, but mortgages still failed at a staggering pace as President Barack Obama’s rescue programs had […]

NEW YORK — A federal bankruptcy judge approved the sale of most of Chrysler LLC’s assets to Italy’s Fiat, moving the American automaker a […]

Toys "R" Us has acquired upscale rival FAO Schwarz, the oldest toy retailer in the United States, the company said Thursday.
Terms of the deal […]