Business

Alberta's energy watchdog has approved a proposal by Enbridge to ship more oilsands crude from Fort McMurray to the Edmonton area.

Barclays named retail banker Antony Jenkins as its chief executive on Thursday, signalling a shift from riskier investment banking as it tries to recover from the interest raterigging scandal that brought down his predecessor, Bob Diamond.

More than 600,000 Mr. Coffee single cup brewers - including some 80,000 in Canada - are being recalled because of a potential burn hazard. The units are imported by Jarden Consumer Solutions. The company, along with the U.S.

Reitmans says a tough economy is leaving consumers with less disposable income for clothes, creating a retail climate that is pulling down its sales revenue and profit. The Montreal company reported second-quarter net earnings of $27.

Alberta is projected to rack up a deficit this year of between $2 billion and $3 billion. Finance Minister Doug Horner said the province is taking a hit from volatile financial markets and lower resource revenues.

Amazon.com says it has sold out of its Kindle Fire tablet computer amid expectations of a new model for the holiday season. The retailer's website now directs customers to used Fires available from other merchants.

Pacific & Western Credit Corp. saw its third-quarter loss reduced by 80 per cent, crediting strong performance in its lending division for much of the improvement. The bank, based in London, Ont.

Royal Dutch Shell PLC can begin preparation work at exploratory drilling sites in the Chukchi Sea off Alaska's northwest coast while it awaits certification for its oil spill response barge, Interior Secretary Ken Salazar announced Thursday.

Warren Buffett is celebrating his 82nd birthday by giving each of his three children a big present: about $600 million worth of his company's stock for their charitable foundations.

The Toronto stock market closed sharply lower Thursday as solid earnings and dividend hikes from three big Canadian banks took a back seat to increasing doubts about whether the U.S. Federal Reserve will take more measures to boost growth.