Stocks rise, U.S. Fed pledges to keep interest rates low to revive U.S. economy
TORONTO - The U.S. Federal Reserve’s reassurance that interest rates will stay low for a good while yet pushed the Toronto stock market higher for a second day.
The S&P/TSX composite index gained 18.1 points to 12,107.5 with most sectors positive.
The rise added to an 81-point runup on Tu...
Wednesday, March 17, 2010
Logistec Corp. reports drop in Q4 earnings despite slight increase in revenue
MONTREAL - Diversified cargo handling company Logistec Corp. (TSX:LGT.A) blames a slowdown in cargo shipments as a result of the recession for an almost 15 per cent decrease in fourth-quarter profits.
The Montreal-based company, which operates in 23 ports in Eastern Canada, the Great Lakes...
Wednesday, March 17, 2010
New CFO says General Motors has reasonable chance to make money in 2010
DETROIT - If the economy co-operates and auto sales recover a bit, General Motors Co. has a reasonable chance of turning a full-year profit in 2010, its new chief financial officer said Wednesday.
Former Microsoft Corp. (NASDQAQ:MSFT) CFO Chris Liddell, at his first meeting with reporters ...
Wednesday, March 17, 2010
N.L. looks to future of mining industry with review and development strategy
ST. JOHN’S, N.L. - The Newfoundland and Labrador government is launching what it calls the first comprehensive review of the province’s mining industry since the 1970s.
The government says the aim is to come up with a development strategy that puts the province in a position to attract inv...
Wednesday, March 17, 2010
Noveko signs filtration supply agreement with hospital in Montreal
MONTREAL - A subsidiary of Noveko International Inc. (TSX:EKO) has signed an agreement to supply Montreal’s Jewish General Hospital with antimicrobial filtration technology under a 30-month maintenance contract.
The Montreal-based company said Wednesday it will equip one of the hospital’s ...
Wednesday, March 17, 2010
