Business

Shares of Calvista Gold Corp. shot up more than 55 per cent in heavy trading Friday after announcing plans for a takeover of the company by private interests. Toronto's Calvista says AUX Acquisition 3 S.A.R.L. and 2346408 Ontario Inc.

Some of Ottawa's key government officials will be among the first to get a sneak peek of the new BlackBerry 10 operating system.

Harry Winston Diamond Corp. said it has received "various indications of interest" regarding the possible purchase of its luxury retail business, but said it was not in active talks.

Tough competition in the U.S. and the weakening economy abroad was a double whammy for McDonald's in the third-quarter, sending the burger chain's net income down nearly four per cent.

A Quebec-based pork processor is bidding $65 million for major Saskatchewan hog producer Big Sky Farms, which went into receivership last month.

In-store music and media provider Mood Media Corp. says its Muzak LLC subsidiary has acquired the assets of one of its largest franchisees for US$27.9 million.

The Alberta Securities Com-mission says a Calgary-based insurance investment firm ran a huge Ponzi scheme that cost investors in western Canada millions. The ASC says hundreds of investors lost $54 million in the scam.

Seaspan prepares for rebirth of shipbuilding in B.C.; federal ships coming and new ferries now possible

Sidney-based Slegg Lumber is about to add its 12th location by moving into the Keating Industrial Park.

Federal cabinet will be asked to intervene