Business

Facebook's stock price fell Wednesday, the day employees were eligible to start selling restricted stock in the company. A lock-up period that had prevented such sales expired on Monday. U.S.

Victoria-based ShipCon-structor Software Inc. will provide the software to help design billions of dollars worth of federal ships to be built in Vancouver and Esquimalt. The technology firm, with its head office at 3960 Quadra St.

The Toronto stock market closed higher Wednesday in a fifth day of advances, led by rising mining stocks as commodity prices gained ground.

The Fort Street Cafe is preparing to draw the final curtain after six years of serving food and showcasing the city’s creative community.

The man in charge of running Vancouver's airport is retiring after 20 years. Larry Berg announced his retirement Wednesday, though he will stay on into early next year while a successor is chosen following an international search.

Veteran technology executive Colin How has joined Edoc Systems Group as chief operations officer. How will lead Edoc's operations as the Victoria-based company expands into overseas markets.

Scotiabank has promoted Brian Porter to president of the bank in a move that at least one analyst believes positions the former head of international banking as next in line for the bank's top job.

Taseko Mines Ltd. reports it swung to a third-quarter loss as revenues fell 28 per cent and capital spending more than tripled. The Vancouver-based miner reported a quarterly loss of $3.

PVH Corp., whose brands include Calvin Klein and Tommy Hilfiger, has agreed to buy rival clothier The Warnaco Group Inc. in a cash-and-stock deal worth about $2.9 billion.

Teamsters Canada is increasing strike pay for members by $100 to a maximum of $300 a week, making it the highest strike pay of any Canadian union.