Skip to content
22.4 °Cforecast >
Mainly Sunny

National Business

Ford's second quarter profit swells on tax changes

Ford's second quarter profit swells on tax changes

DEARBORN, Mich. — Ford Motor Co. had a better-than-expected second quarter despite lower sales and upheaval in its executive ranks.

Business software firm OpenText signs deal to buy U.S. company Guidance Software

WATERLOO, Ont. — Business software company OpenText (TSX:OTEX) has signed a deal to buy Guidance Software in a deal that values the forensic security firm at US$222 million. Under the deal, the Waterloo, Ont.-based firm has agreed to pay US$7.
Swedish parties plan no-confidence vote over security leak

Swedish parties plan no-confidence vote over security leak

HELSINKI — Sweden's left-leaning minority government faced a crisis Wednesday after a populist party said it would support four opposition parties in a no-confidence vote against it over one of the largest security breaches in the country.

Tembec reports second-quarter profit up from year ago ahead of takeover vote

MONTREAL — Tembec Inc.(TSX:TMB) says it earned $17 million in its latest quarter, up from $9 million in the same quarter a year ago.
Colbert's shows from Russia are winners for CBS

Colbert's shows from Russia are winners for CBS

NEW YORK — Russia may represent bad news for President Donald Trump. But not for his late-night nemesis, Stephen Colbert.

Fired Fox News executive proclaims innocence in lawsuit

NEW YORK — A Fox News Channel executive fired because of a sexual-harassment case has proclaimed his innocence in a lawsuit, saying he was tricked into signing an agreement to keep quiet about the case.
Yellow Pages CEO leaves company, CFO named interim CEO

Yellow Pages CEO leaves company, CFO named interim CEO

MONTREAL — Yellow Pages Ltd. (TSX:Y) says chief executive Julien Billot has left the company. The company says the board has named chief financial officer Ken Taylor as interim chief executive and has started a search for a permanent successor.
Loblaw expects higher minimum wage rules and Quebec changes will hurt profits

Loblaw expects higher minimum wage rules and Quebec changes will hurt profits

BRAMPTON, Ont. — Loblaw Companies Ltd. (TSX:L) says minimum wage increases in Ontario and Alberta and health care reform in Quebec are expected to hurt its bottom line.
Sri Lanka deploys army to distribute fuel during strike

Sri Lanka deploys army to distribute fuel during strike

COLOMBO, Sri Lanka — Sri Lanka's government deployed army troops on Wednesday to restore fuel distribution crippled during a strike launched by trade unions who want to stop leases of oil tanks to India and China.
Vote shows GOP's problems in replacing Obama health law

Vote shows GOP's problems in replacing Obama health law

WASHINGTON — Where the Senate Republican effort to demolish the Obama health care law ends up is anyone's guess, but early indications are the GOP will have a hard time replacing that statute with any sweeping changes.