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<rss version="2.0"><channel><title>Business</title><link>http://www.canadaeast.com</link><description>FOR PERSONAL USE ONLY</description><language>en-US</language><lastBuildDate>Sat, 21 Nov 2009 22:53:01 -0400</lastBuildDate><copyright>Copyright: (C) CanadaEast.com http://www.canadaeast.com/onsite.php?page=copyright</copyright><docs>http://www.rssboard.org/rss-specification</docs><ttl>2880</ttl><image><url>http://www.canadaeast.com</url><link>http://www.canadaeast.com</link></image><item><title>Hershey may make US$17-billion bid for Cadbury, topping Kraft, Journal reports</title><link>http://www.canadaeast.com/rss/article/864431</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/aee4f0f21da523f0ec7e29416829a8e0</guid><pubDate>Fri, 20 Nov 2009 20:45:12 -0400</pubDate><description><![CDATA[Hershey Co. may make a US$17-billion bid for UK candy company Cadbury PLC, topping the recent $16.5-billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports Friday.]]></description></item><item><title>As interest rates fall back near zero, there aren't many happy returns</title><link>http://www.canadaeast.com/rss/article/864480</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/e4d2a04a55bc5f295e0a4ae4e0ce0653</guid><pubDate>Fri, 20 Nov 2009 20:30:10 -0400</pubDate><description><![CDATA[The United States is finally becoming a country of savers. Now if only we could get something for our money.]]></description></item><item><title>Judge reserves decision on whether Scotiabank overtime suit can move forward</title><link>http://www.canadaeast.com/rss/article/864446</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/a70804e0ba5009aaf7c191b7ff3cc93a</guid><pubDate>Fri, 20 Nov 2009 20:15:19 -0400</pubDate><description><![CDATA[An Ontario court judge deciding whether a class action lawsuit against Scotiabank (TSX:BNS) over unpaid overtime should be dismissed has reserved his decision.]]></description></item><item><title>AbitibiBowater juggles to avoid large tax bills from $250-million loan</title><link>http://www.canadaeast.com/rss/article/864231</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/328d11162e4316f9431715203f2a4fac</guid><pubDate>Fri, 20 Nov 2009 20:15:18 -0400</pubDate><description><![CDATA[AbitibiBowater&#039;s worsening financial position is forcing the insolvent company to juggle its corporate structure to avoid a big tax bill.]]></description></item><item><title>Flaherty says government will undertake no new spending in next year's budget</title><link>http://www.canadaeast.com/rss/article/864095</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/dcda4e462744efc97ca4c4a3a8399ea8</guid><pubDate>Fri, 20 Nov 2009 19:45:17 -0400</pubDate><description><![CDATA[Emphasizing that government stimulus spending is a temporary measure, federal Finance Minister Jim Flaherty says the Conservative government doesn&#039;t plan to undertake major new spending initiatives in next year&#039;s budget.]]></description></item><item><title>Transat beefs up France operations by teaming with travel agency network</title><link>http://www.canadaeast.com/rss/article/864125</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/889014fef817d6fec8beae8aac3b63af</guid><pubDate>Fri, 20 Nov 2009 19:45:16 -0400</pubDate><description><![CDATA[Tour operator Transat A.T. (TSX:TRZ.B) is hoping to expand its presence and revenues in France by partnering with that country&#039;s largest travel agency network.]]></description></item><item><title>Brookfield increases long-term contract for power generation in Ont.</title><link>http://www.canadaeast.com/rss/article/864433</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/77902cb63b3ed137815c4e7a20695035</guid><pubDate>Fri, 20 Nov 2009 19:45:15 -0400</pubDate><description><![CDATA[Brookfield Renewable Power Inc. said Friday it has signed a 20-year contract Ontario Power Authority to sell all of its output from 16 of its Ontario hydro facilities.]]></description></item><item><title>Two bidders vie for Nortel's optical networking business in auction</title><link>http://www.canadaeast.com/rss/article/864086</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/58a7756071ca94d47dac0fe7a92f5d9c</guid><pubDate>Fri, 20 Nov 2009 19:45:14 -0400</pubDate><description><![CDATA[Some of Nortel Networks&#039; most-prized assets were on the auction block Friday as two technology giants put their best bids forward in hopes of gaining control.]]></description></item><item><title>Recession catches up to businesses as more join the line to bankruptcy</title><link>http://www.canadaeast.com/rss/article/864180</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/e1129671d5bb40014a0b2ba146eb08d2</guid><pubDate>Fri, 20 Nov 2009 19:18:01 -0400</pubDate><description><![CDATA[After withstanding recessionary headwinds for most the past year, Canadian businesses are now succumbing to the same economic malaise that has already sent tens of thousands of individual Canadians to the bankruptcy office.]]></description></item><item><title>Saputo, Kraft appeal court ruling upholding federal cheese regulations</title><link>http://www.canadaeast.com/rss/article/864182</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/981ede23dcef539d7f1fd99f73480329</guid><pubDate>Fri, 20 Nov 2009 19:17:53 -0400</pubDate><description><![CDATA[Saputo (TSX:SAP) and Kraft aren&#039;t taking no for an answer and have appealed a Federal Court ruling that upheld new federal cheese regulations.]]></description></item><item><title>Canadian dollar closes at 93.47 cents US, down 0.56 cent on Friday</title><link>http://www.canadaeast.com/rss/article/864342</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/5caaab0b9ef80a8b2fbec60b006c70a6</guid><pubDate>Fri, 20 Nov 2009 18:46:02 -0400</pubDate><description><![CDATA[The Canadian dollar closed at 93.47 cents US, down 0.56 of a cent on Friday.]]></description></item><item><title>Financial market highlights: TSX down 20.97 points; Dow down 14.28 points</title><link>http://www.canadaeast.com/rss/article/864343</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/b849739a9af015dc6f454a5d1f462f80</guid><pubDate>Fri, 20 Nov 2009 18:46:02 -0400</pubDate><description><![CDATA[Highlights at the close of Friday&#039;s world financial market trading.]]></description></item><item><title>Most actively traded companies on the TSX, TSX Venture Exchange markets</title><link>http://www.canadaeast.com/rss/article/864364</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/d083590f9ec6434b083df21b47a3b6cd</guid><pubDate>Fri, 20 Nov 2009 18:30:42 -0400</pubDate><description><![CDATA[Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:]]></description></item><item><title>TSX Venture Exchange closes up 7.12 points to 1,408.06 Friday</title><link>http://www.canadaeast.com/rss/article/864365</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/d192c8eef6e8f37a8af4becfaa0db7d0</guid><pubDate>Fri, 20 Nov 2009 18:30:42 -0400</pubDate><description><![CDATA[The TSX Venture Exchange settled at 1,408.06 up 7.12 points on Friday. The volume at 5 p.m. was 254.34 million shares.]]></description></item><item><title>Economic concerns, rising U.S. currency push stock markets, crude oil lower</title><link>http://www.canadaeast.com/rss/article/286839</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/0e225512f46d585e9b0cf4373c9e46ac</guid><pubDate>Fri, 20 Nov 2009 18:30:20 -0400</pubDate><description><![CDATA[The Toronto stock market closed slightly lower Friday, pressured by falling energy stocks as demand concerns and a rising U.S. dollar pushed crude prices down.]]></description></item><item><title>CF gets three directors on Terra board, complicating hostile Agrium bid</title><link>http://www.canadaeast.com/rss/article/864124</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/ad01d67cccc348f8520cda4e80d8165a</guid><pubDate>Fri, 20 Nov 2009 18:30:15 -0400</pubDate><description><![CDATA[Fertilizer giant Agrium Inc.&#039;s (TSX:AGU) ambitions to take over Illinois-based CF Industries Holdings Inc. (NYSE:CF) hit an obstacle Friday, as the target company made significant headway in a hostile bid of its own.]]></description></item><item><title>Oil edges down toward US$76 amid economic uncertainty, rising U.S. dollar</title><link>http://www.canadaeast.com/rss/article/287032</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/48c11b65fdf38b0eb8882f4b2d922a16</guid><pubDate>Fri, 20 Nov 2009 18:30:13 -0400</pubDate><description><![CDATA[Oil prices fell below US$77 a barrel on Friday on a stronger U.S. dollar and amid concern about the strength of the global economic recovery.]]></description></item><item><title>Ontex Resources to acquire Roxmark Mines in all-stock transaction</title><link>http://www.canadaeast.com/rss/article/864299</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/a06e83623c15ab11c1c20f5648a574e7</guid><pubDate>Fri, 20 Nov 2009 17:45:18 -0400</pubDate><description><![CDATA[Roxmark Mines Ltd (TSXV-RMK) said Friday it plans to amalgamate with Ontex Resources Ltd. (TSX:ONT) in an all-stock transaction to form a new company that will eventually be called Goldstone Resources Ltd.]]></description></item><item><title>Senate panel will take up Bernanke's nomination to second Fed term on December 3</title><link>http://www.canadaeast.com/rss/article/864255</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/d2b462e5edff74d6b962db6fd7548f94</guid><pubDate>Fri, 20 Nov 2009 17:15:16 -0400</pubDate><description><![CDATA[U.S. Federal Reserve chairman Ben Bernanke&#039;s nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel&#039;s chairman said Friday.]]></description></item><item><title>Travelex gold quotes at close: C$1,230 bid, C$1,231 ask; silver C$19.79 bid</title><link>http://www.canadaeast.com/rss/article/864251</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/25888f8941e63e17b4c8bbaf424798ed</guid><pubDate>Fri, 20 Nov 2009 16:45:19 -0400</pubDate><description><![CDATA[Gold was quoted at C$1,230 bid (US$1,149) and C$1,231 asked (US$1,150) at the close of trading Friday Travelex Canada Ltd., a major gold and foreign exchange dealer.]]></description></item><item><title>Weak demand and rising crude prices lead to another refinery closing; 550 workers let go</title><link>http://www.canadaeast.com/rss/article/864232</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/6f2c5f43cae3bf5b970a63ab31063b10</guid><pubDate>Fri, 20 Nov 2009 16:30:14 -0400</pubDate><description><![CDATA[Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of the operations shutting down in recent months.]]></description></item><item><title>MacDonald Dettwiler signs $200 million communications deal with Russians</title><link>http://www.canadaeast.com/rss/article/864206</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/1a9db2a5f5cb1ed73c36f32205875220</guid><pubDate>Fri, 20 Nov 2009 15:45:14 -0400</pubDate><description><![CDATA[MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) announced Friday that it has signed a satellite technology contract with the Russian Radio Research and Development Institute (NIIR) worth more than $200 million.]]></description></item><item><title>Fine silver quotations Friday: C$20.591 ounce</title><link>http://www.canadaeast.com/rss/article/864174</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/533d21de84d26488c1d2972ce53a5be0</guid><pubDate>Fri, 20 Nov 2009 14:45:16 -0400</pubDate><description><![CDATA[Handy and Harman fine silver quotations in Canadian dollars: Friday $20.591 oz., $618.37 kg.; Thursday $20.361 oz., $654.61 kg.]]></description></item><item><title>London FT-100 index closed at 5,251.41, down 16.29 points</title><link>http://www.canadaeast.com/rss/article/864136</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/6802324b906c6b50a8619e5b7940479b</guid><pubDate>Fri, 20 Nov 2009 13:30:34 -0400</pubDate><description><![CDATA[The Financial Times Index of 100 industrials closed at 5,251.41 on Friday, down 16.29 points.]]></description></item><item><title>TSX Venture Exchange is down 0.68 of a point to 1,400.26 at noon ET</title><link>http://www.canadaeast.com/rss/article/864135</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/4c0f8c84302677b356a29ff33de2ffb0</guid><pubDate>Fri, 20 Nov 2009 13:30:33 -0400</pubDate><description><![CDATA[The TSX Venture Exchange was trading at 1,400.26 on Friday, down 0.68 of a point. The volume at noon was at 117.5 million shares.]]></description></item><item><title>General Motors expects a plan for its European operations by mid December</title><link>http://www.canadaeast.com/rss/article/863971</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/6f4eef513f72f7d4e024a3d190456800</guid><pubDate>Fri, 20 Nov 2009 13:30:18 -0400</pubDate><description><![CDATA[General Motors Co. said it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December, but did not specify the amount of cuts to capacity and jobs it would seek.]]></description></item><item><title>Canadian dollar is trading at 93.43 cents US, down 0.60 of a cent at 11 a.m. ET</title><link>http://www.canadaeast.com/rss/article/864085</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/efafb6ca615cb767520bb318f7bceafd</guid><pubDate>Fri, 20 Nov 2009 12:15:33 -0400</pubDate><description><![CDATA[The Canadian dollar traded at 93.43 cents US, down 0.60 of a cent on Friday. The U.S. dollar was trading at C$1.0703 up 0.68 of a cent.]]></description></item><item><title>Ontario Power Generation says Q3 profit underpinned by investment returns</title><link>http://www.canadaeast.com/rss/article/864010</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/0b054200febe2f02bcf9f6ed4d73b147</guid><pubDate>Fri, 20 Nov 2009 12:15:15 -0400</pubDate><description><![CDATA[Ontario Power Generation Inc. had a $259-million profit in its latest quarter, although the provincial Crown corporation continued to feel the impact of reduced demand for electricity.]]></description></item><item><title>TSX Venture Exchange is down 2.67 points at 1,398.27 at open Friday</title><link>http://www.canadaeast.com/rss/article/864065</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/f49203b60902ad0654ce761610fdf4b7</guid><pubDate>Fri, 20 Nov 2009 11:30:26 -0400</pubDate><description><![CDATA[The TSX Venture Exchange stood at 1,398.27 down 2.67 points from Thursday&#039;s close. The volume at 10 a.m. ET was at 38.20 million shares.]]></description></item><item><title>Toronto gold quoted at C$1,219 bid, C$1,220 sked in mid-morning trading</title><link>http://www.canadaeast.com/rss/article/864064</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/d16a93116013515d649ce65d7fbdc927</guid><pubDate>Fri, 20 Nov 2009 11:30:24 -0400</pubDate><description><![CDATA[Gold was quoted at C$1,219 bid (US$1,139) and C$1,220 asked (US$1,140) in mid-morning trading Friday by Travelex Canada Ltd., a major gold and foreign exchange dealer.]]></description></item><item><title>Japanese government warns that falling prices, high joblessness could drag on recovery</title><link>http://www.canadaeast.com/rss/article/863604</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/c3194edb24a56a50c87342ee847b639b</guid><pubDate>Fri, 20 Nov 2009 11:30:13 -0400</pubDate><description><![CDATA[Japan&#039;s government highlighted the danger of deflation for the first time in three years Friday, warning that falling prices and a further worsening of the labour market could drag on the weak recovery.]]></description></item><item><title>Angle Energy offers to acquire Stonefire Energy in $75 million all-cash deal</title><link>http://www.canadaeast.com/rss/article/864027</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/1e4f7cc2bd885c6a6c55c25e4671ec01</guid><pubDate>Fri, 20 Nov 2009 10:45:14 -0400</pubDate><description><![CDATA[Angle Energy Inc. (TSX:NGL) is making an all-cash offer to acquire Stonefire Energy Corp. (TSXV:SFE) in a friendly deal valued at $75 million, the companies announced Friday.]]></description></item><item><title>Canadian dollar opened at 93.62 cents US, down 0.41 of a cent</title><link>http://www.canadaeast.com/rss/article/863998</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/f1e4e8517682740777ed9c85672382bf</guid><pubDate>Fri, 20 Nov 2009 09:15:21 -0400</pubDate><description><![CDATA[The Canadian dollar opened at 93.62 cents US, down 0.41 of a cent from Thursday&#039;s close.]]></description></item><item><title>Hang Seng Index closed at 22,455.84, down 187.32 points</title><link>http://www.canadaeast.com/rss/article/863999</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/e3954defda7f4150ec7952156f8fd198</guid><pubDate>Fri, 20 Nov 2009 09:15:21 -0400</pubDate><description><![CDATA[The Hang Seng Index closed at 22,455.84 on Friday, down 187.32 points or 0.83 per cent.]]></description></item><item><title>Nikkei Stock Average closed at 9,497.68, down 51.79 points</title><link>http://www.canadaeast.com/rss/article/863997</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/3520a91a900fb2b661b4fddaf88d2de9</guid><pubDate>Fri, 20 Nov 2009 09:15:20 -0400</pubDate><description><![CDATA[The Nikkei Stock Average of 225 issues closed at 9,497.68 on the Tokyo Stock Exchange Friday, down 51.79 points or 0.54 per cent.]]></description></item><item><title>Financial Times 100-share index is down 36.78 points at midday to 5,230.92</title><link>http://www.canadaeast.com/rss/article/863996</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/b3a5a62e393328532a7aac78b65aedba</guid><pubDate>Fri, 20 Nov 2009 09:15:19 -0400</pubDate><description><![CDATA[At midday on Friday at the London Stock Exchange, the Financial Times 100-share index is down 36.78 points to 5,230.92.]]></description></item><item><title>Leader Energy Services net loss narrows in third quarter, revenues down</title><link>http://www.canadaeast.com/rss/article/863981</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/ab5bbbb3ed3663625918b97956401e4f</guid><pubDate>Fri, 20 Nov 2009 08:30:11 -0400</pubDate><description><![CDATA[Leader Energy Services Ltd. (TSXV:LEA) felt the brunt of a harsh oil and gas market, but the company was able to narrow its third-quarter losses due to a reduction in interest and amortization charges from their year-ago levels.]]></description></item><item><title>European markets push higher ahead of Trichet</title><link>http://www.canadaeast.com/rss/article/863936</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/ab67d449a82a670c6275ba5555932e25</guid><pubDate>Fri, 20 Nov 2009 07:45:19 -0400</pubDate><description><![CDATA[European stock markets rose Friday despite a drop in Asia as investors recouped some of the previous day&#039;s hefty losses ahead of a key speech from European Central Bank president Jean-Claude Trichet.]]></description></item><item><title>Oil hovers below $78 in Asia as investors look at US dollar, economy</title><link>http://www.canadaeast.com/rss/article/863934</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/92cf834b1c394b13a2ff9752c18c4e45</guid><pubDate>Fri, 20 Nov 2009 05:30:09 -0400</pubDate><description><![CDATA[Oil prices hovered below US$78 a barrel Friday in Asia as investors eyed a volatile U.S. dollar and mixed economic data.]]></description></item><item><title>Volkswagen supervisory board moves closer to Porsche merger, approves contracts</title><link>http://www.canadaeast.com/rss/article/863935</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/22e40455d8a13d0c0c7b348a8a0938fa</guid><pubDate>Fri, 20 Nov 2009 05:30:09 -0400</pubDate><description><![CDATA[German carmaker Volkswagen AG said Friday its supervisory board had approved certain agreement contracts for the planned merger with German sportscar builder Porsche, taking the companies one step closer to completing the deal.]]></description></item><item><title>As bailouts wind down, Treasury will auction warrants for three banks</title><link>http://www.canadaeast.com/rss/article/863291</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/dab41090d3829c7a3a33502b07987751</guid><pubDate>Thu, 19 Nov 2009 23:30:13 -0400</pubDate><description><![CDATA[The U.S. Treasury Department said Thursday it will auction off warrants for three banks that it acquired as part of last fall&#039;s financial bailout. It&#039;s the latest government effort to reel in its emergency financial programs.]]></description></item><item><title>Berkshire lines up US$8B loan to help pay for acquisition of BNSF railroad</title><link>http://www.canadaeast.com/rss/article/863284</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/35f12a9c1af14e82f2e6b6c8d45141c0</guid><pubDate>Thu, 19 Nov 2009 23:30:12 -0400</pubDate><description><![CDATA[Warren Buffett&#039;s company has lined up an US$8-billion loan to help pay for its $26.3-billion acquisition of railroad Burlington Northern Santa Fe Corp.]]></description></item><item><title>Alcoa to idle Italy smelters after EU says electricity subsidies must end</title><link>http://www.canadaeast.com/rss/article/863282</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/68009bd205c30fd524c7cf799ca68ffa</guid><pubDate>Thu, 19 Nov 2009 23:30:11 -0400</pubDate><description><![CDATA[Aluminum producer Alcoa Inc. said Thursday it will temporarily idle production at its two smelters in Italy, affecting about 2,000 workers, after a decision by the European Union left the company&#039;s ability to secure electricity for the plants at low rates uncertain.]]></description></item><item><title>Gap Inc. profit soars 25 per cent in third quarter as Old Navy brand recovers</title><link>http://www.canadaeast.com/rss/article/862858</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/f85d23fa57f693ba73e6a146b6239d60</guid><pubDate>Thu, 19 Nov 2009 22:15:13 -0400</pubDate><description><![CDATA[Shoppers spent more money at low-price Old Navy stores in the third quarter, helping Gap Inc.&#039;s profit climb 25 per cent compared with last year, the retailer said Thursday.]]></description></item><item><title>Carney chides China, says it has owes it to world to move to flexible currency</title><link>http://www.canadaeast.com/rss/article/863004</link><guid isPermaLink="false">http://www.canadaeast.com/rss/article/f36624a7ca762f102494d3105021d7b0</guid><pubDate>Thu, 19 Nov 2009 21:15:16 -0400</pubDate><description><![CDATA[Canada is paying a heavy price for China&#039;s intransigence in moving to a flexible currency that better reflects its growing importance on the global economic stage, Bank of Canada governor Mark Carney says.]]></description></item></channel></rss>
