At least two groups of American hedge funds have bought large chunks of Tim Hortons shares recently, a sign the activist investors want to push the company to make major changes to its business, or possibly give up some control over the company.
Verizon Communications Inc. confirmed on Tuesday that it is considering an entry into Canada's $19-billion wireless market in the wake of a report earlier this week by The Globe and Mail.
Statoil says it is evaluating a new discovery of high-quality oil off the coast of Newfoundland, about 500 kilometres northeast of St. John's, Nfld.
MONTREAL -- Consumer use of technology is transforming media and entertainment companies with almost 60 per cent of their revenues expected to come from digital sources by 2015, a new global survey says.
(Reuters) - FedEx Corp (FDX.N: Quote) posted a bigger than expected quarterly profit as its ground shipment business did well, and the company saw benefits from lower jet fuel prices.