Unplanned Repairs Restrict Suncor’s 2012 Oil Sands Output
Thursday December 6, 2012, 10:14am PST Unplanned maintenance at Suncor Energy Inc’s oil sands operation has slowed production to the low end of its forecast range for the year despite the beginning of a new production unit, Canada’s biggest energy company said on Thursday. Highlights from market news: – Unplanned repairs resulted in Suncor’s average oil sands [...]
Canadian Satellite Radio Holdings posts first-quarter loss, revenues grow
By The Canadian Press TORONTO - Canadian Satellite Radio Holdings Inc. (TSX:XSR.TO – News), the parent of broadcasters XM Canada and Sirius Canada, posted a loss in the first quarter
Minemakers offers $24.4 million for rest of UCL Resources it doesn’t already own
By The Canadian Press PERTH, Australia – Minemakers Ltd. (TSX:MAK.TO – News) has made an offer to buy the rest of UCL Resources Ltd
Resolute Forest Products extended offer for Fibrek while evaluating Mercer bid
By The Canadian Press MONTREAL - Resolute Forest Products, formerly known as AbitibiBowater, has extended its hostile bid for pulp producer Fibrek Inc. until Feb.
Caldwell shareholders block plan to reduce stated capital; can’t declare dividend
By The Canadian Press TORONTO - Shareholders have narrowly reject a proposal by The Caldwell Partners International Inc. (TSX:CWL.TO – News) to reduce the stated capital of its common shares by 75 per cent, a move that would have allowed it to pay dividends, the executive search firm said Friday. “The rejection of this resolution by shareholders is both surprising and disappointing,” said board chairman G
Canadian Satellite Radio Holdings rises to first-quarter profit, revenues grow
By The Canadian Press TORONTO - Canadian Satellite Radio Holdings Inc. (TSX:XSR.TO – News), the parent of broadcasters XM Canada and Sirius Canada, posted a loss in the first quarter
ACE Aviation to seek shareholder support to wind down operations, dissolve
By The Canadian Press MONTREAL - ACE Aviation Holdings Inc. (TSX:ACE-B.TO – News), once Air Canada’s largest shareholder, said it will seek shareholder approval for its eventual dissolution and distribution of remaining net assets. The Montreal-based company was formed in 2004 to be the airline’s parent company as part of Air Canada’s court-supervised restructuring.
Anvil Mining gets DRC stakeholder approval for takeover by Minmetals
By The Canadian Press PERTH, Australia – Copper producer Anvil Mining Limited (TSX:AVM.TO – News) has won approval from its stakeholders in Democratic Republic of Congo to be taken over by China-based Minmetals Resources Ltd. in a deal worth about $1.3-billion
Resolute Forest doesn’t see rosy signs for 2012 as weak demand leads to Q4 loss
By Ross Marowits, The Canadian Press MONTREAL - Resolute Forest Products posted its second quarterly loss since the former AbitibiBowater completed a restructuring a year ago as pulp and paper demand fell short of expectations, the company’s CEO said Thursday.
Yellow Media shakes up board, cancels preferred shares dividend to pay down debt
By LuAnn LaSalle, The Canadian Press | The Canadian Press – MONTREAL - Struggling Yellow Media Inc. (TSX:YLO) has cancelled its preferred dividends and added members to its board of directors with corporate finance and technology experience to pay back its debt and continue its transition to a digital company. The Montreal-based publisher of the Yellow Pages print and online directories has been evaluating alternatives — including issuing debt, equity or other securities — to refinance debt that matures this year and beyond.