Business

Aluminum giant Rio Tinto Alcan is studying options, including whether to seek the reopening of collective agreements, as it moves to reduce costs over the next year to offset the challenges of a tough global market.

League Financial Partners, the real estate investment trust behind the massive Capital City Centre development at Colwood Corners, has hired Tony Quo Vadis as chief financial officer.

While the cooler weather and changing colours are a sure sign that fall has arrived, for some of us, it also means that tax shelter season is upon us.

An Indian court Friday ordered the arrest of the high-flying owner of Kingfisher Airlines for bouncing cheques, adding to the beleaguered airline's woes as its struggles to resume flights that have been grounded since the start of the month.

Ecolab, the cleaning, food safety and pest-control services company, is buying the specialty chemical company Champion Technologies in a cash-and-stock deal valued at about $2.2 billion. Ecolab chairman Douglas Baker Jr.

Bombardier is expanding its business-jet repair capabilities in India.

Rebecca MacDonald, founder of Toronto-based Just Energy Group, and Levi Sampson, co-owner of the Harmac Pacific mill in Nanaimo and part owner of CHEK Television, have been named to the board of directors of the David Foster Foundation.

Victoria-based Cooper Pacific has launched First Mortgage Investment Corp. The new investment product follows its second mortgage MIC and blended mortgage MIC. All three are eligible for RRSP, RRIF and TFSA accounts.

Mount Royal bakery marks 20 years by continuing to keep it simple

Two of the United States' biggest banks, Wells Fargo and JPMorgan Chase, made record profits over the last three months from a sharp rise in mortgage lending, though performance stumbles elsewhere left investors worried about how long those profits c