Business News
BP to buy exploration rights in Brazil, Azerbaijan, Gulf of Mexico from Devon Energy for $7B
LONDON - Oil company BP PLC said Thursday it will pay $7 billion to acquire exploration rights in Brazil, Azerbaijan and the Gulf of Mexico from Devon Energy Corp. BP said it is also selling, for $...
China inflation rises in February, adding to pressure to keep recovery on track
BEIJING - China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track. Consumer prices rose...
Lawmakers to probe govt US agency's handling of Toyota recalls, auto industry
WASHINGTON - Toyota's massive recalls are bringing new scrutiny to the U.S. government's safety agency, prompting Congress to look at how federal safety officials have lived up to their mission of pro...
Glentel Inc. reports Q4 earnings of $5M up from $897,000 in Q4 of 2008
BURNABY, B.C. - Glentel Inc. (TSX:GLN) said Wednesday that it earned $5 million, or 46 cents per share for the three months ended Dec. 31. That compares with a profit of $897,000, or eight cents pe...
Watchdog says Treasury lacks exit plan from GMAC bailout, taxpayers could lose $6.3 billion
WASHINGTON - The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable - a decision that could cost taxpayers $6.3 billion, a new...
Ballard revenue falls to US$16.5 million in Q4, US$46.7 million for 2009.
VANCOUVER, B.C. - Ballard Power Systems (TSX: BLD; NASDAQ: BLDP) says it earned US$16.5 million in its fourth quarter. That's down 13 per cent from the year-ago period. For the full year, Ballar...
Japan revises down 4Q economic growth to 3.8 per cent annualized rate from 4.6 per cent
TOKYO - Japan's economic growth was weaker than first estimated in the fourth quarter, underscoring a patchy recovery in the world's No. 2 economy. Gross domestic product expanded at an annualized ...
China limits bonuses for bankers, joining global effort to reduce financial risk
BEIJING - China has tightened controls on pay for its top bankers, joining global efforts to try to limit financial risks by linking longer-term performance more closely to compensation. Chinese ba...
China inflation rises in February, adding to pressure on Beijing to keep recovery on track
BEIJING - China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track. Consumer prices rose...
Australia's unemployment rates rises slightly for first time since October, to 5.3 per cent
CANBERRA, Australia - Australia's unemployment rate edged up slightly to 5.3 per cent in February, the first rise since peaking at 5.8 per cent last October, the government said Thursday. Just 400 ...
