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Business

Onex to buy German firm

Onex Corp. is leading a $718-million deal to acquire a 4,000employee German manufacturing company, the first European investment for the Toronto-based company's flagship private equity fund.

Victoria tech firm captures top prize

Competition worth $100,000

Corruption inquiry video shows Mob boss stuffing socks with cash

Hours of police video of Mafia backroom dealings, of the sort more normally seen in Hollywood films, was played at a public inquiry into corruption Wednesday.

European unrest unnerves market

The Toronto Stock Exchange pared earlier losses but closed in the red Wednesday as commodity prices lost ground amid a mixed report on U.S. housing and social unrest over austerity measures in Greece and Spain. The S&P/TSX composite index fell 24.

Merck returns heart drug

Cardiome Pharma Corp. said Merck is returning the global marketing and development rights for both the intravenous and oral formulations for vernakalant.

CEOs report gloomy outlook

A survey of U.S. chief executives shows a sharp drop in the number of large companies that plan to add jobs or hire more workers. The Business Roundtable says that only 29 per cent of its member CEOs plan to increase hiring over the next six months.
Anti-austerity protests shatter calm in Europe

Anti-austerity protests shatter calm in Europe

Europe's fragile financial calm was shattered Wednesday as investors worried that violent anti-austerity protests in Greece and Spain's debt troubles showed that the region still cannot get a grip on its financial crisis and stabilize its common curr

Watchdog gets interim boss

The Competition Bureau official in charge of criminal matters has been tapped as the watchdog's interim commissioner, said Industry Minister Christian Paradis. John Pecman is replacing Melanie Aitken, whose last day at the Bureau was Friday.

U.S. firm earns oilsands deal

Williams Companies says it has a new long-term contract to process natural gas liquids recovered as a byproduct of oilsands near Fort McMurray, Alta. The U.S.

New Brunswick explosion sends sends man to hospital

Worker knocked to the ground by blast at largest refinery in Canada