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MEG 12.58 -0.13 (-1.02%)
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A quarter of discounts, price collapses
Most analysts expect first-quarter results to be mixed, with producers such as Nexen Inc. and Talisman Energy Inc., which have significant exposure to Brent, set to fare better than their WCS-exposed counterparts Cenovus Energy Inc. and Canadian ...
Google falls on share plan
Google Inc.'s shares fell the most in almost three months after its latest bid to preserve control for founders Larry Page and Sergey Brin raised concern among corporate-governance watchdogs and irked some investors.
BP sues Argentina's Bridas on US$7B deal collapse
BP Plc sued Argentina's Bridas Corp on Monday over a collapsed US$7.06-billion asset sale, saying it is willing to pay a US$700-million breakup fee so long as it will not face fraud claims arising from its conduct.
Coca-Cola in talks to buy Monster Beverage: report
Coca-Cola Co is in talks to buy energy drink maker Monster Beverage Corp, the Wall Street Journal reported on Monday, sending Monster's shares up 17 percent.
TD Bank faces sanctions request after losing US$67-million Ponzi verdict
Shannon Stapleton/Reuters files Coquina Investments, which won the verdict on Jan. 18 in federal court in Miami, seeks sanctions after a trial over whether TD Bank should have detected money laundering that supported a Ponzi scheme that disbarred ...
Rogue Air Canada pilots threaten illegal 'sick-out' strike action
“The Government and the Corporation have largely handcuffed our leaders. Our MEC Chair Jean-Marc Belanger and our President Paul Strachan, giants in defending your rights, are having their careers threatened.
The many problems of hedge fund manager Phil Falcone
Phil Falcone waited at the bar of the Post House in New York with two colleagues and a $199 bottle of Tignanello. His guest, Carl Icahn, was late.
Supreme Court denies leave in Smith v. Inco
The Supreme Court of Canada has denied leave to appeal in the precedent-setting environmental class action, Smith v. Inco. The trial judge found that emissions from Inco's Port Colborne, Ontario refinery had affected property values and awarded $36 ...
Canada's gas juniors are stuck in limbo
“Our gas drilling locations are totally mothballed right now,” George Fink, chief executive of Bonterra Energy Corp. told the CIBC 2012 Energy Conference held in Toronto in mid-April. “You can't keep losing money when you're drilling, [and] $2 for ...
CMHC could be pulled out of mortgage insurance business, Flaherty says
“For a while,” said Mr. Flaherty, about how long the Crown corporation would have to exist under that limit. It was at $541-billion at the end of the third quarter of last year but business has slowed as the agency culled its portfolio business.