9° C: A few showers or thundershowers
Tomorrow
18° C Sunny with cloudy periods
Source: Environment Canada
MONTREAL - Miranda Technologies Inc. (TSX:MT), a provider of infrastructure and monitoring systems for broadcasters and TV operators, says it has acquired OmniBus Systems Ltd., a company which provides technology and services to television and Internet broadcasters. The pricetag of the deal is C$48.7 million.
TORONTO - Xceed Mortgage Corp. (TSX: XMC) reports net income of $1.4 million in its third quarter
BERLIN - BMW AG says its deliveries were up 12.5 per cent in August compared with the same month last year — with China again helping power sales higher.
TOKYO - Japan says it plans to sign a free trade pact with India that will scrap tariffs on 94 per cent of traded goods.
LONDON - Britain's financial regulator hit Goldman Sachs International with a 17.5 million pounds (US$27 million) fine on Thursday for failing to notify U.K. authorities about an investigation in the United States.
SINGAPORE - Oil prices rose to near US$75 a barrel Thursday in Asia after a report showed U.S. crude inventories fell more than expected, suggesting demand may be improving.
BEIJING, China - Canada has dropped one place to 10th in an annual listing of competitive economies compiled by the Geneva-based World Economic Forum.
SEOUL, South Korea - Hyundai Motor unveiled its first electric car Thursday — the BlueOn — as it moves to catch up with Japanese rivals that have jumped ahead in the field.
BERLIN - Official data show that Germany's annual inflation rate dipped to one per cent in August despite a strong year-on-year rise in oil prices.
SHANGHAI - Asian shares were mostly higher Thursday following advances on Wall Street and in Europe after a successful bond sale by Portugal eased debt crisis worries. But Chinese shares fell on fears that authorities might do more to cool the property sector.
LONDON - Korea National Oil Corp. says it won't raise its hostile takeover bid for Britain's Dana Petroleum.
NEW ORLEANS - BP's long-awaited internal report on what it believes went wrong when a rig exploded and started the massive Gulf oil spill never mentions the words blame, regret, apology, mistake or pollution. The word fault shows up 20 times, but only once in the same sentence as the company's name.
WASHINGTON - The U.S. government is defending as "fair and adequate" its US$75 million settlement with Citigroup Inc. over charges it misled investors about billions in potential losses from subprime mortgages.
SEOUL, South Korea - South Korea's central bank left its key interest rate near a record low Thursday for a second straight month as the risk of slowing global growth outweighed a buoyant outlook for the local economy.
YOKOHAMA, Japan - Thai-made Nissan March subcompact cars — the first major model from a Japanese automaker being mass produced abroad for sale in Japan — are getting extra scrutiny from a team of quality experts to meet choosey consumer standards, a senior executive said Thursday.
Goldman Sachs & Co. is expected to be fined around $30 million by British authorities following an investigation of the big Wall Street bank's activities in London, according to news reports Wednesday.
"Activity levels continue to improve in every region," president and CEO Francis McGuire said in a news release announcing the results.
BILLINGS, Mont. - A U.S. federal bankruptcy judge said he would not reward the "greedy antics" of financial giant Credit Suisse by ordering the repayment of a US$229-million loan it arranged for Montana's exclusive Yellowstone Club.
CHARLOTTESVILLE, Va. - John Kluge, who built an investment in a radio station into the Metromedia broadcasting empire, has died. He was 95.
TRENTON, N.J. - Health giant Johnson & Johnson is donating about $200 million in cash and medicine to a sweeping United Nations program created to improve the health and lives of people in poor countries.
