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.
ST. JOHN'S, N.L. - A Quebec Superior Court has struck down a bid by Newfoundland and Labrador to adjust the terms of a 1969 power price agreement with Hydro-Quebec for the Churchill Falls power project.
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.
Encana Corp. chief executive Doug Suttles, who unveiled a restructuring plan last fall, says the natural gas company's makeover is one or two years ahead of schedule.