U.S. economic growth slows as new housing slumps
U.S. economic growth slows as new housing slumps
The U.S. Commerce Department reported Friday that the economy grew at a pace of just 1.6 per cent in the quarter due to weakness in the housing market. more »
SEC asks for more information from RIM about option grants
The U.S. SEC has sent an informal inquiry to Research in Motion, asking for more information about its probe of stock option grants, the company announced Friday. more »
Celestica shares tumble on weak outlook
Shares of contract electronics manufacturer Celestica took their biggest dive in more than a year Friday as the firm released a financial outlook that disappointed analysts. more »
Sask. government to lower PST to 5%
Flush with cash and an election on the horizon, the Saskatchewan government is lowering its provincial sales tax to five per cent from seven per cent. more »
Edmonton businessman pleads guilty to international fraud
The former chief counsel for the Alberta legislature has pleaded guilty to fraud and theft in two multimillion-dollar international scams. more »
Tokyo Stock Exchange sued over huge trading error
A Japanese brokerage firm sued the Tokyo Stock Exchange for almost $400 million Friday after the exchange's computers wouldn't allow it to cancel a sell order that went horribly wrong. more »
CDs are dead: recording company CEO
A top recording industry executive on Friday said the music CD is dead and that recording labels must become more innovative if they hope to sell the discs in the future. more »
China's ICBC sees shares rise in Hong Kong, dip in Shanghai
Shares for Industrial & Commercial Bank of China rose in Hong Kong but disappointed investors in Shanghai on Friday as China's largest lender launched the world's biggest initial public offering. more »
Rothmans profits fall as market share rises
Rothmans Inc. said Thursday its reported lower earnings but higher sales as it increased its share of the domestic market. more »
Chevron forges ahead with drill program
There will be two new wells drilled in the Mackenzie Delta region this winter by Chevron Canada and its partner BP Canada, a spokesman says. more »

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