Reuters - TORONTO (Reuters) - Cossette Inc, Canada's largest homegrown ad firm, urged shareholders late on Friday to accept an buyout offer from Mill Road Capital, saying a higher proposal from another firm did not yet constitute an official bid.
Reuters - MIAMI (Reuters) - TD Bank was hit with a multimillion-dollar lawsuit on Friday calling it the "financial epicenter" of an alleged Ponzi scheme run by disgraced Florida lawyer Scott Rothstein.
The Canadian Press - NEW YORK - Hershey Co. may make a US$17-billion bid for UK candy company Cadbury PLC, topping the recent $16.5-billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports Friday.
The Canadian Press - TORONTO - An Ontario court judge deciding whether a class action lawsuit against Scotiabank (TSX:BNS) over unpaid overtime should be dismissed has reserved his decision.
The Canadian Press - MONTREAL - Prices for the latest gadgets and TVs haven't fallen dramatically, but enough to allow consumers to trade up at lower prices, says the research firm NPD Group Canada.
The Canadian Press - MONTREAL - Tour operator Transat A.T. (TSX:TRZ.B) is hoping to expand its presence and revenues in France by partnering with that country's largest travel agency network.
The Canadian Press - MONTREAL - AbitibiBowater's worsening financial position is forcing the insolvent company to juggle its corporate structure to avoid a big tax bill.
The Canadian Press - TORONTO - Some of Nortel Networks' most-prized assets were on the auction block Friday as two technology giants put their best bids forward in hopes of gaining control.
The Canadian Press - TORONTO - Brookfield Renewable Power Inc. said Friday it has signed a 20-year contract Ontario Power Authority to sell all of its output from 16 of its Ontario hydro facilities.
The Canadian Press - TORONTO - Emphasizing that government stimulus spending is a temporary measure, federal Finance Minister Jim Flaherty says the Conservative government doesn't plan to undertake major new spending initiatives in next year's budget.
The Canadian Press - OTTAWA - After withstanding recessionary headwinds for most the past year, Canadian businesses are now succumbing to the same economic malaise that has already sent tens of thousands of individual Canadians to the bankruptcy office.
The Canadian Press - MONTREAL - Saputo (TSX:SAP) and Kraft aren't taking no for an answer and have appealed a Federal Court ruling that upheld new federal cheese regulations.
Reuters - TORONTO (Reuters) - Toronto's main stock index fell on Friday as weaker oil prices, caused partly by a stronger U.S. dollar, weighed on resource issues, including Suncor Energy Inc.
AFP - NEW YORK (AFP) - A charitable trust controlling US chocolate maker Hershey is backing a bid of 17 billion dollars for Britain's Cadbury, the Wall Street Journal reported Friday.
The Canadian Press - NEW YORK - Oil prices fell below US$77 a barrel on Friday on a stronger U.S. dollar and amid concern about the strength of the global economic recovery.
The Canadian Press - CALGARY - Fertilizer giant Agrium Inc.'s (TSX:AGU) ambitions to take over Illinois-based CF Industries Holdings Inc. (NYSE:CF) hit an obstacle Friday, as the target company made significant headway in a hostile bid of its own.
The Canadian Press - TORONTO - The Toronto stock market closed slightly lower Friday, pressured by falling energy stocks as demand concerns and a rising U.S. dollar pushed crude prices down.
Reuters - NEW YORK (Reuters) - Global stocks slid and the U.S. dollar rose on Friday as investors cut their exposure to risky assets amid signs of an anemic U.S. economic recovery.
The Canadian Press - TORONTO - Roxmark Mines Ltd (TSXV-RMK) said Friday it plans to amalgamate with Ontex Resources Ltd. (TSX:ONT) in an all-stock transaction to form a new company that will eventually be called Goldstone Resources Ltd.
The Canadian Press - WASHINGTON - U.S. Federal Reserve chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.
Reuters - OTTAWA (Reuters) - Canadian Pacific Railway Ltd said on Friday it reached a tentative, three-year labor agreement with the union that represents railway police.
CBC - Employees at Johnson Controls, an automotive parts plant east of Windsor, Ont., could walk off the job if they don't reach a deal by midnight Friday. A strike would affect thousands at Chrysler's Windsor assembly plant, which uses the components.
AFP - NEW YORK (AFP) - The world's largest airliner, an Air France A380, touched down in New York on Friday after completing the superjumbo jet's first Atlantic crossing from Europe to the United States.
Reuters - NEW YORK (Reuters) - CF Industries Holdings Inc took a major step toward completing its bid to buy Terra Industries Inc on Friday when three nominees proposed by CF were elected to Terra's board.
The Canadian Press - WILMINGTON, Del. - Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of the operations shutting down in recent months.
Reuters - TORONTO (Reuters) - Finance Minister Jim Flaherty on Friday vowed to resist big, new spending measures in his next budget, but said it was too early to pull stimulus away from a still shaky economy.
AFP - WASHINGTON (AFP) - US newspaper advertising revenue fell by nearly 28 percent in the third quarter, continuing a slide which has led to layoffs, bankruptcies and the closure of several dailies.
AFP - SANTIAGO (AFP) - Chilean airports resumed normal activity on Friday, after some 2,000 airport workers launched a country-wide strike that caused flight delays, the General Directorate of Civil Aviation said.
The Canadian Press - VANCOUVER, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) announced Friday that it has signed a satellite technology contract with the Russian Radio Research and Development Institute (NIIR) worth more than $200 million.
CBC - Canada's postal service is reinventing itself as it struggles to make up for dwindling demand in the face of a devastating global economic slowdown.
AFP - NEW YORK (AFP) - US aerospace giant Boeing broke ground Friday for the second assembly plant for its new 787 Dreamliner aircraft scheduled for its first test flight by the end of the year.
AFP - DUBAI (AFP) - The impact of the global financial crisis is still in its "first half," but there is only a brief opportunity to bring tough reforms, the World Economic Forum warned on Friday.
AFP - ANKARA (AFP) - Turkey on Friday scrapped a 2008 tender won by a Russian-led consortium to build the country's first nuclear power plant -- a process that had been under threat of being invalidated by a court decision.
AFP - ATHENS (AFP) - The Greek socialist government tabled a budget on Friday to cut the public deficit to 9.1 percent of output and save the country's economy from the "emergency room," Prime Minister George Papandreou said.
The Canadian Press - FRANKFURT, Germany - General Motors Co. said it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December, but did not specify the amount of cuts to capacity and jobs it would seek.