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Starbucks' cuts boost profits
More people are visiting Starbucks Corp. coffee shops this year than last, and they're spending more money when they do, an executive said Thursday.
UNB lab will help find new ore deposits
A new laboratory at the University of New Brunswick will allow researchers to help locate undiscovered deposits of precious metals and other ores in New Brunswick bedrock.
Business digest
Magna International Inc. (TSX:MG.A) reported a small profit in the third quarter, reversing a year-earlier loss despite a 14.5 per cent decline in revenue.
14 charged in $53-million insider trading case
Two attorneys and Wall Street professionals were among 14 people charged Thursday in a widening $53-million insider trading case that has snared one of America's richest men and shown white collar suspects to be using the coverup tactics of drug dealers.
Stock markets surge on good news
The Toronto stock market closed higher Thursday with investors getting some good news prior to the release on Friday of the main piece of economic data for the week - the U.S. government's October non-farms payroll report.
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In the markets
In the markets
Fredericton chamber is surveying its members about selling NB Power to Hydro-Quebec
The Fredericton Chamber of Commerce is surveying its members for opinions on the controversial multi-billion dollar deal to sell NB Power to Hydro-Quebec.
Survey: Canadian business leaders' confidence is soaring
The economy received a major vote of confidence Wednesday from business leaders, whose future investments will be critical in determining whether the recovery is sustainable.
TSX closes slightly higher
The Toronto stock market closed slightly higher at the end of a volatile session Wednesday, losing most of the day's gains in the final minutes of trading despite the U.S. Federal Reserve saying that economic activity continues to pick up from the worst downturn since the 1930s.
Magna shares rise seven per cent after Opel deal dashed
Magna International (TSX:MG.A) dodged what some industry observers say could have been a business disaster this week when General Motors Co. dashed plans to sell its money-losing Opel division to a Magna-led group that wanted to build cars and sell them in the growing Russian market.
York Care Centre is using simple technology to help residents record their life stories
The administrators of York Care Centre are using simple technology to help their residents peer into yesteryear. A website called Lifebio is used as an electronic scrap book where interviews, pictures and music can be cobbled together to create a fitting dedication to those living there.
Business in Pictures
In the markets
In the markets
Business digest
As Enbridge Inc. (TSX:ENB) glides through what it anticipates will be "the strongest growth year in the company's history," the pipeline and gas distribution firm has increased its 2009 guidance and is exuding confidence it can maintain steady growth into the next decade.
Business digest
Canada's two largest railways enjoyed a "Buffet bounce" on Tuesday after legendary U.S. investor Warren Buffet announced he will pay a premium price for Burlington Northern Santa Fe.
GM won't sell Opel
General Motors Co. said Tuesday it will keep its European Opel unit and restructure it instead of selling a 55 per cent stake to Canadian auto parts maker Magna International (TSX:MG.B) and its partner, Russian lender Sberbank.
Acadian defends move out of downtown
Acadian Coach Lines has written a response to the New Brunswick Energy and Utilities Board to defend its move out of the downtown.
October sales up for most car makers in the U.S.
GM reported its first monthly gain in U.S. sales in almost two years while Toyota and Ford also improved, a sign the auto industry it starting to crawl back from a year-long slump.
Madoff's auditor pleads guilty
Bernard Madoff's longtime auditor pleaded guilty to securities fraud charges Tuesday, saying he failed to do his job to verify the disgraced money manager's financial records but did not know Madoff was running history's biggest Ponzi scheme.
Record high gold helps push TSX higher
The Toronto stock market closed higher Tuesday but the rise was mainly due to gold surging to a record high close, railway stocks that benefited from major acquisition activity south of the border and higher oil prices.
MasterCard profits increase
MasterCard Inc. (NYSE:MA) said Tuesday its third-quarter profit was bolstered by continued cost-cutting measures and an increase in the number of transactions it processed.
Johnson&Johnson to cut thousands of jobs
Johnson&Johnson said Tuesday it will trim layers of management, cut thousands of jobs, and set other restructuring moves in order to save up to US$900 million next year.
BRE promotes survival, growth of local firms
Enterprise Fredericton is always looking for ways to optimize employment growth within our business community.
Business digest
The Competition Bureau is pushing for changes in how much Canadians pay in realty commissions after an investigation found the country's largest realtor association was operating with anti-competitive rules.
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