AbitibiBowater's future cutting rights may be at stake if the company doesn't provide greater clarity about its restructuring plans in Quebec, the province warned as rural regions were hit with more mill closures this week. "Before we sign on for the next five years we have to negotiate," said Quebec Environment Minister Claude Béchard, reacting to the forestry company's decision to slash more jobs and close mills, announced Thursday. "I want to meet them, I want to know what is the second phase of their plan, and to make sure they have a good plan, and that Quebec's forests serve for jobs," he said, warning "recess" was over for the forest products company. AbitibiBowater Inc. is shutting down eight more mills across the continent and slashing an estimated 2,600 jobs, including 550 at the century-old Belgo mill in Shawinigan, Que. The Donnaconna mill is closing temporarily, and the idle No. 3 paper machine mill in Gatineau will be shut...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura Holdings is to pay up to $525 million for Lehman's Asia Pacific franchise and is front-runner to...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking business in Europe and the...
TiVo, the popular U.S. television-recording device, is finally arriving in Canada in early December. - The TiVo set-top device, which allows viewers to record shows and skip commercials,...
Japan's top mobile phone player, NTT docomo, is looking for overseas acquisitions amid tough competition at home. New CEO Ryuji Yamada says a recent 30% stake in a Bangladesh carrier is just the...
Asia stocks largely gained on Thursday with investors gaining confidence following solid business spending data out of the United States. Japan's Nikkei rose 3 percent (14,124) its best daily gain...
Asia stocks ended the week on a high note with investors soothed by signs of bigger than expected economic growth figures in the United States. Exporters such as Toyota were among the top gainers....
While consumers in the United States struggle with rising fuel prices, Venezuela's gasoline the cheapest in the world at 12 cents per gallon. Venezuelan President Hugo Chavez, a fierce...
Asia stocks dropped for a fourth consecutive session on Wednesday with sky high oil prices and inflation woes punishing markets across the region. Japan's Nikkei fell 1.3 percent (13,286 ) with...
The U.S. Senate is set to vote Wednesday night on a $700-billion US financial bailout plan that was narrowly defeated Monday in the House of Representatives. Following a day of closed-door...
The slowdown in major economies is starting to bite. Britain's hiring outlook is now the worst in fourteen years, and the United States had its weakest result in four years in the latest Quarterly...
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