Changing gears
CLOSURE: In the latest blow to the country’s struggling auto industry, General Motors said Monday it will close its transmission plant by mid-2010 in a move that will affect 1,400 people.
Restaurant to try 'pay what you can' principle during appreciation night
A Fredericton area restaurant will reward customers in a unique way on May 24. Chocolaterie and Patisserie Fackleman featuring The Schnitzel Parlour, a Woodstock Road restaurant specializing in German cuisine will drop its prices for one night and allow customers to pay what they want.
N.B. selects Sonco to bid on casino
New Brunswick’s government has chosen a group led by privately held Sonco Gaming and including Toronto merchant bank Clairvest Group Inc. to build and operate a new destination casino.
Energy economy creates opportunites
It's pretty tough to pick up a newspaper in New Brunswick any day of the week and not read something about the opportunities associated with the energy economy. You've heard the numbers $41 billion in investment thousands of jobs and so much more.
Attendants for disabled to travel free on Air Canada, West Jet: court
The Federal Court of Appeal has turned down Canada's two major airlines, which challenged an order that they make exceptions to the one-person, one-fare policy in certain situations involving disabled travellers that need more than one seat.
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Plazacorp increases portfolio
Plazacorp Retail Properties Ltd. developments in Saint John and Shediac are two of five new retail properties in development in four provinces. The other projects are located in New Minas, Nova Scotia, Rouyn-Noranda, Quebec and Perth, Ontario.
Business Digest
Read our complete story for the full contents of this article, available online.
Luxuries likely to be curbed by consumers as food prices rise
With a variety of long grain rice from some 30 suppliers stocked on the shelves, it would seem the Hong Tai Supermarket would have no trouble satisfying demand.
Teen exercise protects against breast cancer later in life
Get your daughters off the couch: New research shows exercise during the teen years - starting as young as age 12 - can help protect girls from breast cancer when they're grown.
Velcro marks 50th anniversary along parade route with really long r-r-r-rip
Plenty of products last for 50 years, but few have the staying power of Velcro fasteners.
Microsoft Telescope blasts off
Microsoft Corp. has launched its WorldWide Telescope bringing the free web-based program for zooming around the universe to a broad audience.
Business in Pictures
General Motors plans to focus marketing on fuel efficiency
Conceding that the U.S. auto industry is in a recession and high gas prices are changing which vehicles people buy, General Motors Corp. said Tuesday it is shifting its marketing to focus more on cars and less on trucks.
Earthquake will not damage China's economy
The earthquake that ripped through China's Sichuan province, killing more than 12,000 people, crumpling roads and factories and disrupting power and communication, will be only a transitory jolt for the booming economy, analysts say.
Wal-Mart profit rises 6.9 per cent
Wal-Mart Stores Inc., the world's largest retailer, said Tuesday its profit rose 6.9 per cent in its first quarter on higher sales, as lower prices helped boost its results, topping Wall Street's expectations.
Disney to test high-tech advertising
Will people remember three-second video ads on their mobile phones? Do high-definition commercials on big screens get people’s hearts racing more than other pitches?
Rona shares lowest in five years
Shares of Canadian home renovation leader Rona Inc. sank to their lowest level in five years Tuesday after weak consumer confidence and a slowdown in new home construction punished the company's first-quarter results.
Money donated
the Canadian tire Smythe Street staff committee donated close to $10,000 worth of supplies to the Red Cross to help with the cleanup from the 2008 flood.
TSX has new closing high
Major announcements from Toronto stock market heavyweights EnCana Corp. and Research In Motion Ltd. helped send the TSX to a record close, besting the level set July 19 last year before the credit crisis washed over global markets.
China's inflation rises to almost 12-year high
China's inflation almost climbed to a 12-year high in April, swamping official efforts to cool surging living costs that could provoke unrest ahead of the Beijing Olympics.
Business Digest
Read our complete story for the full contents of this article, available online.
GM to close plant in 2010, cut 1,400 jobs
In the latest blow to the country's struggling auto industry, General Motors said Monday it will close its transmission plant in Windsor, Ont., by mid-2010 in a move that will affect 1,400 people.
Flaherty: Canada relatively protected from inflation
Finance Minister Jim Flaherty says the Canadian economy is facing a variety of economic challenges, but has so far remained resilient.
Oil falls after hitting new record high
Oil prices briefly spiked to a new record above US$126 a barrel Monday but later ended lower as investors cashed in profits and an earthquake in China raised the possibility of a drop in demand.
Artisans walk way to new joint venture
The Willie O’Ree Place walking track is where the idea to open a new business was born. As three artisans walked, they realized they could combine their collective talents and have a retail operation unique to Fredericton.
Planes aren’t the only thing soaring
CLIMBING RATES: An Embraer EMB-190 jetliner belonging to Air Canada lands in Calgary recently. Air Canada has imposed fuel charges that could cost Canadians travelling across the country an extra $120 for a round-trip ticket.
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