Golf course chain ClubLink expands in Florida with US$8.7 million purchase
KING CITY, Ont. - Golf course chain ClubLink (TSX:CLK) buys eight 18-hole golf courses in Sun City Center, Fla., for US$8.7 million.
National News
Postmedia confirms job cuts at some of its newspapers
TORONTO - Postmedia Network Inc. confirmed Friday that some of its daily newspapers have cut jobs in an effort to tighten their operations and refocus on serving an Internet-based readership.
Some in D.C. fear mixed messages from provincial presences at Canadian Embassy
WASHINGTON - Think-tank seminars on Canada-U.S. relations are usually as polite and uneventful as the relationship itself, but there were rare flashes of temper this week at the Hudson Institute when pointed questions surfaced about the wisdom of Alberta's presence at the Canadian Embassy.
Stocks pare early gains, service sector data takes shine off employment report
TORONTO - The Toronto stock market was modestly higher Friday afternoon as enthusiasm over an American jobs report which blew past expectations was tempered by a weaker than expected reading on the U.S. non-manufacturing sector.
Alberta to review impact of temporary foreign worker program on province
CALGARY - Alberta is taking advantage of an economic lull to examine how the federal Temporary Foreign Workers program is affecting the province.
German court rules against YouTube in copyright dispute over Brightman videos
BERLIN - A German court ruled Friday that Google Inc.'s subsidiary YouTube LLC must pay compensation after users uploaded several videos of performances by singer Sarah Brightman in violation of copyright laws.
UPS cargo plane with 2 crew on board crashes near Dubai airport; no word on casualties
DUBAI, United Arab Emirates - A UPS cargo plane with two crew members on board crashed shortly after takeoff Friday outside Dubai, officials said. There was no immediate word on casualties.
Andean shareholders face competing bids from Goldcorp and Eldorado
Andean Resources shareholders may have an opportunity to choose between two suitors as Goldcorp Inc. and Eldorado Gold Corp. vowed on Friday to battle for the support of their competing bids.
Oil falls below US$74 after U.S. jobs reports adds to demand worries
NEW YORK, N.Y. - Oil prices retreated Friday after a closely watched U.S. employment report threw cold water over future energy demand from the world's largest economy.
Industrial Alliance buys Golden State Mutual business for US$11M
QUEBEC - Industrial Alliance Insurance and Financial Services Inc., Canada's fourth-biggest insurer, said Friday it has acquired the life insurance policies of California-based Golden State Mutual for US$11 million.
Arctic Glacier, Michigan authorities reach deal on antitrust allegations
WINNIPEG - A subsidiary of packaged ice company Arctic Glacier Income Fund (TSX:AG.UN) announced Friday that it has reached an agreement with authorities in Michigan to resolve allegations that it violated the state's antitrust laws.
Consumer confidence falls for second straight quarter in August: poll
TORONTO - Canadians grew even more uncertain about their finances in August as job losses mounted, consumer prices rose and the U.S. economy appeared to remain on shaky ground, according to pollsters Harris-Decima.
Abbott Laboratories to retain vaccines business after shopping unit to rivals
WASHINGTON - Drug and medical device firm Abbott Laboratories said Friday it has abandoned plans to sell its vaccines unit, less than three months after exploring sales talks with rival companies.
US companies add 67,000 workers in August; unemployment climbs to 9.6 per cent
WASHINGTON - Private employers in the United States hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labour Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the growing number of people looking for work.
In boiling summer, soup sales fall but broth and beverages give Campbell a boost
HADDONFIELD, N.J. - During a summer of record-breaking heat through much of the U.S., the Campbell Soup Co. struggled to sell its cold weather-friendly soups, but got another boost from broth, a staple for home cooks.
US service sector grew at slower pace in August, but extends expansion streak
NEW YORK, N.Y. - The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.
Abbott Laboratories to retain vaccines business after shopping unit to rivals
WASHINGTON - Drug and medical device firm Abbott Laboratories said Friday it has abandoned plans to sell its vaccines unit, less than three months after exploring sales talks with rival companies.
Air Transat, pilots reach tentative 48-month contract deal
MONTREAL - Air Transat, the airline operated by Transat A.T. Inc. (TSX:TRZ.B), has reached a tentative labour contract with its more than 300 pilots.
Consumers' Waterheater buys Enbridge Electric Connections for $23.7M in cash
TORONTO - A subsidiary of Consumers' Waterheater Income Fund (TSX:CWI.UN) has agreed to acquire Enbridge Electric Connections Inc. for $23.7 million in cash.
Labrador Iron Mines, New Millennium negotiate removal of Que. blockade
TORONTO - Two Canadian mining companies say they have reached an agreement with the Innu Matimekush-Lake John First Nation to remove barricades that were blocking access to mining properties around Schefferville, Que.