Business

Its makers say it represents "the first major shift in photography since the invention of photography." But a skeptic might say it just sounds gimmicky. It's called Lytro, a boxy digital camera that takes so-called "living pictures.

Rosneft is poised to secure a tighter grip on Russia's oil industry with a bid for BP's 50 per cent stake in TNKBP, the third largest producing company in the world's top oil exporting nation.

Online game builder Kixeye plans new studio

Cigarette maker Philip Morris International Inc.'s third-quarter net income fell more than six per cent, despite higher prices, as the company sold fewer cigarettes.

CAE Inc. has sold three flight simulators to Indonesia's national airline, which will use the equipment for training pilots and cockpit crew. The three flight simulators are worth a total of more than $40 million at list prices.

Penn West Petroleum Ltd. has agreed in principle to sell $1.3-billion worth of its non-core properties, representing the equivalent of 12,000 barrels per day of production.

Shell Canada has failed in an attempt to use the federal government's new environmental assessment rules to try to bar Greenpeace from hearings on the company's proposed Jackpine oilsands mine in northern Alberta.

Condo project at Cloverdale, Inverness site

Hudson's Bay Co. files for IPO

Halliburton said its third-quarter net income fell 12 per cent as drilling activity declined and costs rose in its core North American business.