Business

Potash Corp. of Saskatchewan Inc. increased its quarterly dividend Thursday by 50 per cent. The company said it would now pay a quarterly dividend to shareholders of 21 cents per share, up from 14 cents, starting with the Nov. 5 payment.

Shares of Great Basin Gold Ltd. lost 14 per cent of their value Thursday in the heaviest trading volume for a single issue on the Toronto Stock Exchange.

Victoria-based digital news agency SendtoNews didn't have to look far for venture capital. The emerging media company secured $3 million in funding Thursday from investors in it's own backyard. The co-founders of RevenueWire Inc.

Low rates giving emerging firms better chances to launch, grow

Italian sports-car maker Lamborghini is recalling some Gallardo models because power steering fluid can leak and catch fire. The recall affects about 1,500 Gallardo Coupe and Spyder autos, from model years 2004 to 2006.

Bell would have too much control over content and the potential to negatively affect consumers and competitors if it's allowed to buy Astral Media, Telus Corp. said Thursday.

Vero Energy Inc. is joining with privately held Torc Oil and Gas Ltd. to create a new light-oil-focused company. The combined company, dubbed New Tord, will be led by Torc's existing management team.

Long-term impact good for Canada

The Walt Disney Co.'s chief financial officer says the company's TV advertising revenue did not rebound as expected after last month's conclusion of the popular London Olympics that were aired on rival NBC.

Manitoba Telecom Services is launching a strategic review of its Allstream business division, opening up the possibility of a sale.