Hershey may make US$17-billion bid for Cadbury, topping Kraft, Journal reports

Hershey may make US$17-billion bid for Cadbury, topping Kraft, Journal reports

Posted six hours ago.
Posted six hours ago.
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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.

As interest rates fall back near zero, there aren't many happy returns

Posted six hours ago.
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The United States is finally becoming a country of savers. Now if only we could get something for our money.

Judge reserves decision on whether Scotiabank overtime suit can move forward

Posted seven hours ago.
Posted seven hours ago.
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An Ontario court judge deciding whether a class action lawsuit against Scotiabank (TSX:BNS) over unpaid overtime should be dismissed has reserved his decision.

AbitibiBowater juggles to avoid large tax bills from $250-million loan

Posted seven hours ago.
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AbitibiBowater's worsening financial position is forcing the insolvent company to juggle its corporate structure to avoid a big tax bill.

Flaherty says government will undertake no new spending in next year's budget

Posted seven hours ago.
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Emphasizing that government stimulus spending is a temporary measure, federal Finance Minister Jim Flaherty says the Conservative government doesn't plan to undertake major new spending initiatives in next year's budget.
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Transat beefs up France operations by teaming with travel agency network

Posted seven hours ago.
Posted seven hours ago.
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Tour operator Transat A.T. (TSX:TRZ.B) is hoping to expand its presence and revenues in France by partnering with that country's largest travel agency network.

Brookfield increases long-term contract for power generation in Ont.

Posted seven hours ago.
Posted seven hours ago.
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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.

Two bidders vie for Nortel's optical networking business in auction

Posted seven hours ago.
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Some of Nortel Networks' most-prized assets were on the auction block Friday as two technology giants put their best bids forward in hopes of gaining control.

Recession catches up to businesses as more join the line to bankruptcy

Posted eight hours ago.
Posted eight hours ago.
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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.

Saputo, Kraft appeal court ruling upholding federal cheese regulations

Posted eight hours ago.
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Saputo (TSX:SAP) and Kraft aren't taking no for an answer and have appealed a Federal Court ruling that upheld new federal cheese regulations.

Canadian dollar closes at 93.47 cents US, down 0.56 cent on Friday

Posted eight hours ago.
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The Canadian dollar closed at 93.47 cents US, down 0.56 of a cent on Friday.

Business in Pictures

Flaherty says government will undertake no new spending in next year's budget Saputo, Kraft appeal court ruling upholding federal cheese regulations Economic concerns, rising U.S. currency push stock markets, crude oil lower Senate panel will take up Bernanke's nomination to second Fed term on December 3 General Motors expects a plan for its European operations by mid December European markets push higher ahead of Trichet Gap Inc. profit soars 25 per cent in third quarter as Old Navy brand recovers Carney chides China, says it has owes it to world to move to flexible currency Retailers launch deep discounts to lure in shoppers in stagnant holiday season World stocks lower amid valuation concerns

Financial market highlights: TSX down 20.97 points; Dow down 14.28 points

Posted eight hours ago.
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Highlights at the close of Friday's world financial market trading.

Most actively traded companies on the TSX, TSX Venture Exchange markets

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Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:

TSX Venture Exchange closes up 7.12 points to 1,408.06 Friday

Posted eight hours ago.
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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.

Economic concerns, rising U.S. currency push stock markets, crude oil lower

Posted eight hours ago.
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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.

CF gets three directors on Terra board, complicating hostile Agrium bid

Posted eight hours ago.
Posted eight hours ago.
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Fertilizer giant Agrium Inc.'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.

Oil edges down toward US$76 amid economic uncertainty, rising U.S. dollar

Posted eight hours ago.
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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.

Ontex Resources to acquire Roxmark Mines in all-stock transaction

Posted eight hours ago.
Posted eight hours ago.
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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.

Senate panel will take up Bernanke's nomination to second Fed term on December 3

Posted eight hours ago.
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U.S. Federal Reserve chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.

Travelex gold quotes at close: C$1,230 bid, C$1,231 ask; silver C$19.79 bid

Posted eight hours ago.
Posted eight hours ago.
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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.

Weak demand and rising crude prices lead to another refinery closing; 550 workers let go

Posted eight hours ago.
Posted eight hours ago.
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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.

MacDonald Dettwiler signs $200 million communications deal with Russians

Posted eight hours ago.
Posted eight hours ago.
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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.

Fine silver quotations Friday: C$20.591 ounce

Posted eight hours ago.
Posted eight hours ago.
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Handy and Harman fine silver quotations in Canadian dollars: Friday $20.591 oz., $618.37 kg.; Thursday $20.361 oz., $654.61 kg.

London FT-100 index closed at 5,251.41, down 16.29 points

Posted eight hours ago.
Posted eight hours ago.
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The Financial Times Index of 100 industrials closed at 5,251.41 on Friday, down 16.29 points.

TSX Venture Exchange is down 0.68 of a point to 1,400.26 at noon ET

Posted eight hours ago.
Posted eight hours ago.
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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.
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