TMCnet News
INDEX: Business(Canadian Press DataFile Via Acquire Media NewsEdge) D,TSXV:BTR,TSX: NLN@ HL:Business staffing plans for Tuesday, Oct. 6@ THE CANADIAN PRESS@ BUSINESS EDITORS: Here are CP Business staffing plans as of 10:30 a.m. ET. Plans may change as circumstances warrant. Queries should be addressed to business editor John Valorzi at 416-507-2146 or Dave Paddon on the business desk at 416-507-2149 or Brian McKenna at 4176-507-2138 To contact CP Business by email, send messages to businessthecanadianpress.com. --- WINNIPEG _ The company that owns Global Television and the National Post newspaper said Tuesday it is filing for creditor protection in a deal with a key group of lenders, as it seeks court approval to restructure a mountain of debt. BC-Canwest, 3rd Writethru. Moved. Will be Updated. --- MONTREAL _ BCE Inc.'s Bell Canada (TSX:BCE) and Telus Corp. (TSX:T) say they will begin offering two models of the Apple iPhone smartphone in November, a move that will put added pressure on rival Rogers Communications (TSX:RCI.B). It remains to be seen what will happen to Canadian prices for iPhones and related wireless services, now that Rogers has lost its exclusivity and there will three-way competition among the long-time rivals. By LuAnn LaSalle. BC-Bell-iPhone, 3rd Writethru. Moved. --- MONTREAL _ The largest pharmacy chain in Quebec says it had a 7.3 per cent increase in revenue in its latest quarter. The Jean Coutu Group (TSX:PJC.A) says its revenue was $608.7 million in the quarter ended Aug. 29, up from $567.5 million in the year-earlier period. By Ross Marowits. BC-Jean-Coutu, 1st Writethru. Moved. Will be Updated. --- VIENNA, Austria _ Oil prices rose above $71 a barrel Tuesday, helped by a jump in global stock markets and a weaker dollar, which increases the appeal of commodities to investors. 650 words. By George Jahn. BC-Oil-Prices, 1st Writethru. Moved. Will be Updated. --- The Canadian Press is also following: TORONTO _ The Toronto stock market started the Tuesday session with a triple-digit gain as investors found further optimism in the global economic recovery, while gold hit a record high and oil prices moved higher. By David Friend. BC-Dollar-Markets, 1st Writethru. Moved. --- QUEBEC CITY, Que. _ Conway Resources Inc. (TSXV:CWY) has been given more time to arrange financing for its proposed purchase of Ressources Mine Belleterre Inc., which owns a gold property in Quebec. BC-Conway-Resources, 1st Writethru. --- OTTAWA _ The value of building permits totalled $5 billion in August, up 7.2 per cent from July. Statistics Canada reports the bulk of the increase came in Ontario and British Columbia. BC-StatsCan-Permits. Moved. --- OTTAWA _ Canada's youth jobless rate has soared under the economic pressures of the past year and even the lucrative summer months were a bust with young people's hours of work hitting 30-year lows, a report released Tuesday said. BC-Jobless-Youth, 1st Writethru. Moved. --- TORONTO _ Lorus Therapeutics Inc. (TSX:LOR), a Toronto-based drug developer, reported net earnings of $9.8 million or four cents per common share in the quarter ending Aug. 31, 2009, up from a net loss of $2.2 million or one cent per common share in the same quarter last year. BC-Lorus-Therapeutics. --- GUELPH, Ont. _ Armtec Infrastructure Income Fund (TSX:ARF.UN) has been awarded a $26.9-million contract to supply concrete sewer piping for a 15-kilometre segment of the York Durham Sewage System. BC-Armtec-Infrastructure, 1st Writethru. Moved --- EDMONTON _ Hyduke Energy Services Inc. (TSX:HYD) announces $17-million contract to provide four partial drilling rig equipment packages for Mexican drilling contractor. Contract to run from December 2009 to March 2010. BC-Hyduke-Energy. --- VANCOUVER _ BonTerra Resources Inc. (TSXV:BTR) is proposin a two-for-one share split to increase liquidity of its shares and make financing terms more attractive. BC-BonTerra-Resources, 1st Writethru. Moved. --- PLAINVIEW, N.Y. _ Internet sports coverage provider NeuLion, Inc. (TSX: NLN) has an agreement to acquire B.C.-based webcasting company Interactive Netcasting Systems Inc in a cash-and-stock deal worth more than $8.1 million. BC-NeuLion-Inc, 1st Writethru. Moved. --- THE CANADIAN PRESS (c) 2009 The Canadian Press |