CALGARY - EnCana Corp. (TSX:ECA), Canada's biggest natural gas player, says it is splitting into two separate energy companies: one a fully integrated oil company and the other devoted to developing t...

TORONTO - The Toronto stock market is poised to break through its old closing high set last July during the week as commodity stocks, particularly oil, run ahead. As it was the TSX came within a wh...

NEW YORK - A spokeswoman for Rupert Murdoch's News Corp. says the media conglomerate has withdrawn its bid to purchase Newsday. The decision to revoke the offer comes just days after Murdoch confid...

PORTLAND, Ore. - Pope & Talbot Inc., has shut its doors after a Delaware court ordered the bankrupt timber company to turn its mills over to a court-appointed trustee for liquidation. The court rul...

TORONTO - The Toronto stock market closed lower Friday as energy stocks failed to respond to another runup in crude prices to another record breaking high, while oil prices along with a huge loss at i...

SEATTLE - Boeing Co. and Machinists union representatives met Friday to open contract talks, exchanging proposals on pay, pensions, health care and other issues. Boeing's three-year contract with t...

MONTREAL - Power Corporation of Canada (TSX:POW) raised its quarterly dividend by 20 per cent Friday as the holding company reported higher net income despite lower investment gains. The dividend o...

MEMPHIS, Tenn. - FedEx Corp. cut its fourth-quarter earnings expectations Friday, blaming continuing increases in fuel costs. The Memphis-based shipping company said it expects profits of US$1.45 t...

VANCOUVER - The CEO of MacDonald Dettwiler and Associates Ltd. (TSX:MDA) said he has no plans to try and resell the space division after its potential sale to an American defence firm was officially k...

MONTREAL - Soaring fuel prices that have battered airline valuations will likely delay the sale of ACE Aviation Holdings majority stake in Air Canada (TSX:AC.A), says Robert Milton, the chairman and c...