Business

Target, the U.S. retail giant coming to Canada next year, says its net income climbed 15 per cent in the third quarter, helped by a gain related to the pending sale of its credit-card business to a big Canadian bank.

Global gold demand fell in the third quarter as investors bought fewer bars and coins and buyers in China held back because of an economic slowdown, an industry group says.

U.S. fiscal cliff weighs heavily on TSX >B4

The Toronto stock market dug further into negative territory for the year Thursday as traders continued to sell off stocks amid a lack of confidence lawmakers can stop the U.S. economy from going over the so-called fiscal cliff.

Aaron Gillespie, vice-president of Cobs Bread, is speaking to a dinner sponsored by the Victoria chapter of the Canadian Association of Family Enterprise on Nov. 22 at the Union Club.

Walmart reported a nine per cent increase in net income for the third quarter, but revenue for the world's largest retailer fell below Wall Street forecasts as its low-income shoppers continue to grapple with an uncertain economy.

Shares in Poseidon Concepts Corp. were decimated on the Toronto Stock Exchange Thursday after the company reported weaker quarterly results and lowered earnings and spending expectations for the remainder of the year.

Bombardier shares hit a three-year low on the Toronto Stock Exchange amid several downgrades from credit ratings agencies. Bombardier stock closed down six per cent, or 20 cents per share, to $2.99 on heavy trading of more than 43 million shares.

Oil company agrees to $4.5-billion settlement; three employees charged, two for manslaughter

Jerry Wyshnowsky, Thrifty Foods' director of energy and the environment, has been awarded an Excellence Award from B.C. Hydro for his role as a Power Smart energy manager.