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Thursday September 02, 2010
6MOST READ LOCAL STORIES
Business News
Canada's five biggest banks earned $4.8 billion in third quarter
TORONTO - Canada's five biggest banks earned a combined $4.8 billion in third-quarter profit — nine per cent more than last year — as they cashed in on strong growth in mortgages, consumer and corporate loans and other retail operations....
U.S. data helps lift TSX; bank stocks lead even as TD narrowly misses forecasts
TORONTO - The Toronto stock market closed at a three-and-a-half month high Thursday as further signs of U.S. economic growth helped lift most sectors, including financials even as TD Bank (TSX:TD) delivered earnings that narrowly missed...
Better times ahead for Canada's oil companies with expected $8.4B profit in 2010
CALGARY - A business think-tank sees rosier times ahead for Canadian oil producers, who are expected to reap $8.4-billion in profits this year as the world economy recovers from the recession and energy demand picks up....
Dell ends bidding contest over data-storage maker 3Par, will not match HP's $2.07B offer
SEATTLE - Dell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc....
Software company Mitel's Q1 earnings more than triple; revenue up slightly
OTTAWA - Mitel (Nasdaq:MITL), an Ottawa-based networking and software company, says its profit more than tripled in the three months ended July 31 while revenue remained flat....
Garda World second-quarter profit rises to $5.3 million on higher revenues
MONTREAL - Garda World Security Corp. (TSX:GW) said its profit rose 31 per cent in the second quarter as the addition of new contracts and extensions of existing work helped it beat analysts' expectations....
