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Business staffing plans for Wednesday, Dec. 2, 2009
(Canadian Press DataFile Via Acquire Media NewsEdge) BUSINESS EDITORS: Here are The Canadian Press Business staffing plans as of 5 p.m. EST. Plans may change as circumstances warrant. Queries should be addressed to business editor John Valorzi at 416-507-2146 or Brian McKenna on the business desk at 416-507-2138 or Craig Wong at 613-231-8631. To contact CP Business by email, send messages to businessthecanadianpress.com.
In addition to the following, stories slugged BC-Air-Canada-Bags, 1st Writethru, BC-Canadian-Tire and BC-CN-Rail-Strike-Deal have moved National and Business. Please guard against duplication.
CALGARY _ Calgary-based Agrium Inc. (TSX:AGU) is intensifying its hostile pursuit of U.S. fertilizer maker CF Industries Holdings Inc. (NYSE:CF), saying Wednesday it will try to install its own directors on the reluctant target's board. 600 words. By Lauren Krugel. Agrium, 4th Writethru. Moved.
CALGARY _ Enbridge Inc. (TSX:ENB) holds a conference call to discuss its 2010 guidance. The Calgary-based firm is the country's biggest crude oil transporter, and also has an electricity distribution business in Ontario. 500 words. By Lauren Krugel. Enbridge-Outlook, 3rd Writethru moved.
CALGARY _ Calgary-based Talisman Energy Inc. (TSX:TLM), one of Canada's most international oil and gas companies, is laying off 220 workers in its North American natural gas business, which is in the midst of restructuring. 600 words. By Lauren Krugel. BC-Talisman, 3rd Writethru Budget. Moved
MONTREAL _ Canada should tackle its deficit and growing debt by increasing the GST to nine per cent and cutting program spending, says the co-president of debt-rating agency DBRS. 550 words. By Ross Marowits. BC-Canada-GST-Deficits. Moved. Will be Updated.
DETROIT _ As the increasingly activist General Motors board begins a worldwide search for a new CEO, it looks like outside is in. The board, unhappy with the current management, will try to find someone with manufacturing experience and a record of success _ as long as the person is from elsewhere. And while Chairman and former AT&T CEO Ed Whitacre Jr. is running the automaker, more change and more outsiders are likely. But what to do about those government pay limits? By Tom Krisher and Dee-Ann Durbin. BC-GM-CEO.
NEW YORK _ American electronics sellers and online merchants thrived in November, particularly on Black Friday, but clothing and luxury merchants struggled, according to estimates released Wednesday. By Anne D'Innocenzio. BC-US-Retail-Sales, 1st Writethru Budget. Moved
NEW YORK _ Oil prices dipped Wednesday with more evidence energy demand is very weak and supplies of oil and gasoline are plentiful. Demand for gasoline slumped during the Thanksgiving week, when millions of people take to the road and gas sales usually jump. 600 words. By Chris Kahn. BC-Oil-Prices. Moved.
FRANKFURT, Germany _ German carmaker Daimler AG said Wednesday it will move some of its Mercedes Benz C-Class car production to its Alabama plant to take advantage of a growing market, lower production costs and to avoid currency fluctuations. By George Frey. BC-EU-Germany-Daimler, Budget. Moved.
DUBAI, United Arab Emirates _ When work began in 2004 to build the world's tallest tower, Dubai's confidence also was sky high with a host of mega-projects on the drawing board or rising from the sands. That swagger seems positively old school these days. It's been tripped up by a debt crunch that has humbled Dubai's leaders and exposed the shaky foundations of the city-state's boom years _ leaving the planned Jan. 4 opening of the iconic Burj Dubai with a double significance of hello and goodbye. 900 words. By Brian Murphy. BC-ML-Dubai-Tallest-Tower, Budget. Moved Datafile only.
HELSINKI _ Nokia Corp. said Wednesday it expects the global mobile phone market to grow by 10 percent in 2010, suggesting the industry is recovering from a global recession that has also hit handset sales. 600 words. By Matti Huuhtanen. BC-EU-Finland-Nokia, 1st Writethru, Bgt. Moved.
FRANKFURT _ Germany's economic minister blasted GM's restructuring plan for its Opel subsidiary on Wednesday, as Opel named two General Motors Corp. executives to its supervisory board and announced that the unit's CFO had resigned. 500 words. By George Frey. BC-EU-Germany-Opel. Moved
The Canadian Press is also following:
TORONTO _ The Toronto stock market closed higher Wednesday with much lift coming from mining stocks as bullion hit another record high close.
The S&P/TSX composite index was up 72.41 points to 11,779.73 _ its highest close this year _ even as investors took in disappointments surrounding jobs data, a slow start to the U.S. holiday shopping season and surging American crude inventories, which depressed energy stocks. 950 words. By Malcolm Morrison. BC-Dollar-Markets, 6th Writethru. Moved.
DARTMOUTH, N.S. _ Newfoundland Capital Corp. (TSX:NCC.A), one of Canada's leading radio broadcasters with 81 licences across the country, said Wednesday it has received approval from the CRTC to sell two FM radio stations in Thunder Bay, Ont., to Acadia Broadcasting. BC-Newfoundland-Capital, 1st Writethru. Moved.
MONTREAL _ Wind turbine maker Aaer Inc. (TSXV:AAE) said Wednesday it had delayed filing its financial statements for the quarter ended Sept. 30 as it negotiates a potential financing. Aaer's shares will cease trading until the statements are filed. 98 words. BC-Aaer.
MONTREAL ) Anvil Mining Limited (TSX:AVM) said Wednesday that shareholder advisory firm RiskMetrics Group has recommended that Anvil shareholders vote in favour of a $200 million financing arrangement with Trafigura Beheer BV. The deal would see Trafigura hold a 36 per cent stake in Anvil, which is developing a copper project in Africa, with an option to acquire an additional 39 per cent of the Montreal-based company. 238 words. Anvil-Mining-Trafigura.
OTTAWA _ The Department of National Defence has awarded a multi-year contract renewal to Calian Technologies Ltd. (TSX:CTY), which will receive up to $60 million for providing the Royal Military College with research personnel as needed. BC-Calian-Technologies, 1st Writethru. Moved.
TORONTO _ Brainhunter Inc. (TSX:BH), a company that finds people to fill the staffing needs of its clients, said Wednesday it has received court approval for protection from its creditors after failing to recapitalize its business as corporate credit options dried up during the economic downturn. 300 words. BC-Brainhunter, 2nd Writethru. Moved.
TORONTO _ Whiterock Real Estate Investment Trust (TSX:WRK.UN) will pay $45.3 million for part ownership of a Molson distribution centre in Montreal and an office building in downtown Toronto used by Technicolor, which serves the film industry.The REIT's partner in the acquisitions is Toronto-based Return on Investment Capital Inc., which specializes in private placement investments. 98 words. BC-Whiterock-REIT.
TORONTO _ General Donlee Income Fund (TSX: GDI.UN) chief executive Thomas Faucette announced Wednesday he has decided to retire at the end of January. Faucette is stepping down effective Jan. 29 after 31 years with the company. BC-General-Donlee, 1st Writethru. Moved.
TORONTO _ Greyhound Canada is announcing a series of service reductions to its passenger bus service in Ontario. It says service along the TransCanada highway will be preserved for now, but there will be frequency reductions. BC-Greyhound-Route-Closure. Moved.
TORONTO _ Fiber Optic Systems Technology Inc. (TSXV:FOX), a patented sensing systems developer, suffered an increase in its third-quarter loss as expenses increased and revenues dropped. BC-Fiber-Optic-Systems, 1st Writethru. Moved.
TORONTO _ A stretch of a downtown Toronto street was renamed in honour of late media mogul Ted Rogers on Wednesday _ the first anniversary of his death. The creator of Canada's largest cable-television and mobile-phone company, Rogers Communications Inc. (TSX:RCI.B), died Dec. 2, 2008 at the age of 75. BC-Ted-Rogers-Way, 1st Writethru. Moved National (G) and Business (B).
KITCHENER, Ont. _ Meritas Financial Inc. of Kitchener, Ont., and Qtrade Fund Management Inc. of Vancouver to merge, creating a company with more than $4 billion in assets under administration and $350 million in assets under management. BC-Meritas-Qtrade-Merger.
CALGARY _ International Sovereign Energy Corp.(TSX:ISR), a Calgary-based oil and gas exploration company, misses Nov. 30 deadline to sell interests in Ecuador. BC-Sovereign.
VANCOUVER _ Inca Pacific Resources Inc. (TSXV:IPR) says it'll contest the Peruvian government's cancellation of a contract and the related seizure of a US$3-million line of credit. Inca said Wednesday it disagreed with the cancellation, which a government agency said was due to the failure of Inca Pacific's subsidiary to post a second year's letter of credit of US$24 million, and was working to resolve the situation. 111 words. BC-Inca-Pacific.
VANCOUVER _ Abode Mortgage Holdings Corp. (TSXV:ABD) says there have been ``expressions of interest'' from prospective purchasers for its subsidiary, Abode Mortgage Corp., which has recently ceased operations. BC-Abode-Mortgage.
VANCOUVER _ A subsidiary of Goldcorp Inc. (TSX:G) is set to sell its stake in a Mexican gold project to Newstrike Capital Inc. (TSXV:NES.H) in a deal valued at $52 million, the companies announced Wednesday. BC-Goldcorp-Newstrike, 1st Writethru. Moved
VANCOUVER _ Cortez Gold Corp. (TSXV:CUT.P) said Wednesday its deal to acquire mineral claims in Nevada held by Seabridge Gold Inc (TSX:SEA), has been terminated after it tried to restructure a cash portion of the transaction. BC-Cortez-Gold, 1st Writethru. Moved.
VANCOUVER _ Kinetex Resources Corp. (TSXV:KTX) posts third-quarter profit of $306,950 or a penny a share, contrasting with a loss of $185,416 or a penny a share in the comparable period last year. Revenues declined to $3 million from $4.2 million. BC-Kinetex-Resources.
VANCOUVER _ Aurcana Corp. (TSXV:AUN) reports third-quarter net and comprehensive income of $2.4 million or two cents a share, reversing year-earlier loss of $5.2 million or five cents a share. The junior miner's revenues were $5.2 million, up from $2.1 million. BC-Aurcana.
CHICAGO _ Morningstar Research Inc. to acquire the Canadian Investment Awards and Gala from Toronto-based Canadian Investment Awards Inc. Financial terms not disclosed. BC-Morningstar-Gala.
DENVER _ Newmont Mineral Holdings B.V., a subsidiary of Newmont Mining Corp. (NYSE: NEM), disposes of two million Lydian International Inc. (TSX:LYD) warrants in a private transaction. Newmont now owns an aggregate of 5,150,000 ordinary shares of Lydian representing some 10 per cent of the company and 500,000 warrants. BC-Newmont.
WEST PERTH, Australia _ Magma Metals Limited (TSX:MMW), an Australian miner which also trades on the Toronto Stock Exchange, plans to issue 18.5 million shares in an equity financing. The company's stock was halted on the TSX pending news of the financing. BC-Magma-Metals
THURSDAY BUSINESS CALENDAR:
x-MONTREAL _ Bombardier holds its third-quarter earnings conference call. Go to www.bombardier.com or dial 514-394-9319. (10 a.m.)
x-MONTREAL _ National Bank of Canada holds its fourth-quarter earnings conference call. Dial 1-866-223-7781. (1:30 p.m.)
OTTAWA _ Statistics Canada releases November production of principal field crops. (8:30 a.m. at www.statcan.ca)
HOLLANDS LANDING, Ont. _ Office furniture company Inscape Corp. issues its first-quarter earnings. A conference call will be held Dec. 4. (4 p.m.)
x-TORONTO _ Industry Minister Tony Clement speaks to the Canadian Club about ``Ontario and the Canadian economy.'' (11:45 a.m. at Metro Toronto Convention Centre, Room 105, 255 Front St. W.) Speech at 1 p.m.
x-TORONTO _ CIBC reports fourth-quarter earnings.
x-TORONTO _ TD Bank releases its fourth-quarter earnings at 6:30 a.m. followed by a conference call at 3 p.m. Visit www.tdbank.com for webcast or call 416-644-3414.
TORONTO _ The Canadian Council for public-private partnerships holds its annual conference. Speakers include B.C. Finance Minister Colin Hansen, former Canadian ambassador to the U.S. Michael Wilson and Thomas Barrett from the European Investment Bank. (Toronto Hilton Hotel)
WATERLOO, Ont. _ RDM Corp., a provider of hardware products for the electronic payment processing industry, holds its fourth-quarter earnings conference call. Dial 416-640-3428 or 1-800-731-5319. (9 a.m.)
EDMONTON _ Canadian Western Bank issues its fourth-quarter and year-end results. A conference call follows at 647-427-7450 or go to www.newswire.ca for webcast. (2:30 p.m.)
THE CANADIAN PRESS
(c) 2009 The Canadian Press
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