Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,494.43, up 83.55 points). Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 3.15 per cent, to $2.29 on 9.7 million shares. Baytex Energy Corp. (TSX:BTE). Energy. Up 32 cents, or 12.9 per cent, to $2.80 on 8.2 million shares. Encana Corp. (TSX:ECA). Energy. Down 29 cents, or 3.31... Read More

Hudbay Minerals reaches settlement with investor on board composition

Hudbay Minerals reaches settlement with investor on board composition
TORONTO — Hudbay Minerals Inc. says it has reached a settlement agreement with an activist investor that wanted changes to company leadership. The Toronto-based miner says it has agreed with Waterton Global Resource Management on a slate of 11 board of director candidates for the company’s May 7 annual meeting. The slate includes seven incumbent directors, one Hudbay nominee, one shared nominee... Read More

Amazon.com shares boosted by Warren Buffett’s comments

Amazon.com shares boosted by Warren Buffett’s comments
NEW YORK — Billionaire investor Warren Buffett called himself an “idiot” for not buying stock in Amazon, but said someone at his investment firm, Berkshire Hathaway, is making up for his lack of foresight. Buffett told CNBC on Thursday that a money manager at Berkshire Hathaway has been buying shares in Amazon lately. On Friday, shares of Amazon jumped more... Read More

Unemployment hits 49-year low as US employers step up hiring

Unemployment hits 49-year low as US employers step up hiring
WASHINGTON — U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop reflected a rise in the number of people who stopped looking for work.... Read More

TransCanada reports $1B first-quarter profit, up from $734M a year ago

TransCanada reports $1B first-quarter profit, up from $734M a year ago
CALGARY — TransCanada Corp. topped expectations as it reported a profit of $1.00 billion in its latest quarter, up from $734 million a year ago, as its revenue edged higher. The pipeline company says the profit amounted to $1.09 per share for the quarter ended March 31. That compared with a profit of 83 cents per share in the same quarter... Read More

Pharmaceutical exec guilty of bribing doctors to push opioid

Pharmaceutical exec guilty of bribing doctors to push opioid
BOSTON — A pharmaceutical company founder accused of paying doctors millions in bribes to prescribe a highly addictive fentanyl spray was convicted Thursday in a case that exposed such marketing tactics as using a stripper-turned-sales-rep to give a physician a lap dance. John Kapoor, the 76-year-old former chairman of Insys Therapeutics, was found guilty of racketeering conspiracy after 15 days... Read More