Honda unveils C$857m plant investment in Ontario, backed with local support
Honda Canada Inc. says it is investing C$857 million (US$752 million) in its Ontario production operations. Japan’s second largest automotive company said the province...
Dairy Crest sells milk division to Müller, posts 95% profit nosedive
British company Dairy Crest Group plc said it has agreed to sell its milk business to Müller UK and Ireland Group for £80 million...
UK interest rates stay at 0.5% record low, quantitative easing extended
The Bank of England’s Monetary Policy Committee voted on Thursday to keep interest rates at their record low of 0.5% and to extend its...
German factory orders slightly up, but 3rd quarter GDP decline likely
German factory orders recovered slightly in September, increasing by 0.8% after a sharp -4.2% (revised) decline in August. Economists had expected factory orders to...
Morrisons posts 6.3% sales fall, starts price-matching discounters
The UK’s fourth-largest supermarket chain Morrisons posted a 6.3% decline in sales. The Bradford-based company has started price matching the discounters in its drive...
Tesla posts bigger loss and massive revenue jump
Electric car and vehicle power train component maker Tesla Motors Inc. posted an increased third quarter loss and revenue that almost doubled from $431...
Alberta economic growth above national average, real GDP up 3.8 percent
Alberta has achieved impressive economic growth. The province’s real domestic product growth was ahead of the national average in 2013. This is the fourth consecutive...
Tougher tailings plans for Canadian miners, minister in Alaska to regain BC confidence
The collapse of Imperial Metals’ Mount Polley tailings dam has prompted the Mining Association of Canada to begin an examination on what changes should...
Rogers and Shaw launch “shomi” to compete with Netflix
Canadians now have another alternative to Netflix. Shaw Communications Inc. and Rogers have partnered up and launched a new service called shomi that directly...
Whole Foods profit rises, share value increases by 8.1 percent
US retailer Whole Foods has posted higher than expected quarterly profit and upgraded its forecast for next year. The company has managed to gain...