TORONTO - A last-minute settlement has been reached in a key dispute in the Nortel Networks Ltd. bankruptcy case - over how much interest should be paid on Nortel's outstanding bonds, the Globe and Mail reports.
S&P 500 index futures lost three points, or 0.1%, to 1978 and Nasdaq-100 futures dropped 13 points, or 0.3%, to 3959. Changes in stock futures don't always accurately predict stock moves after the opening bell.
The shakeup at Bombardier Inc.'s aerospace division appears to be a step in the right direction, but it also raises concerns that there's more bad news is to come, some analysts say.
MONTREAL - TransForce Inc. (TSX:TFI) has a friendly offer to acquire Contrans Group Inc. (TSX:CSS) for $495 million in cash. The board of Contrans, a trucking company based in Woodstock, Ont.
A Quebec court has dismissed the latest bid from Newfoundland and Labrador to redefine the ever-controversial Upper Churchill contract, something that has caused sharp divisions between the two provinces for more than four decades.