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 (16,297.55, down 24.20 points). Prometic Life Sciences Inc. (TSX:PLI). Health care. Down one cent, or 20 per cent, to four cents on 14.4 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Down 45 cents, or 1.86 per cent, to $23.80 on 9.9 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down... Read More

Space-tourism dream edges toward reality in New Mexico

Space-tourism dream edges toward reality in New Mexico
SANTA FE, N.M. — British billionaire Richard Branson is taking another concrete step toward offering rides into the close reaches of space for paying passengers. Branson announced Friday that Virgin Galactic will immediately begin shifting operations from California to a spaceport and specialized runway in the New Mexico desert in final preparations for commercial flights. He says Virgin Galactic’s development... Read More

Freshii net income plummets in first quarter despite higher revenues

Freshii net income plummets in first quarter despite higher revenues
TORONTO — Freshii Inc. says its net income plummeted to US$103,000 in the first quarter despite higher sales and revenues. The Toronto-based eatery says its net income for the period ended March 31 decreased from US$431,000 or one cent per share a year earlier. Excluding one-time items, adjusted earnings were cut in half to US$517,000 from about US$1 million in the prior... Read More

Bombardier facing World Bank ban over Azerbaijan corruption allegations

Bombardier facing World Bank ban over Azerbaijan corruption allegations
MONTREAL — Bombardier Inc. is facing a possible ban from World Bank-financed projects after it received a show-cause letter related to a rail equipment deal plagued by corruption allegations. The letter is the latest development in an ongoing investigation into a roughly $340-million contract awarded to a Bombardier-led consortium in 2013 to supply signalling equipment for a 500-kilometre section of... Read More

Enbridge aiming to boost Mainline throughput as Q1 results top expectations

Enbridge aiming to boost Mainline throughput as Q1 results top expectations
CALGARY — Enbridge Inc. is working with shippers to optimize its Mainline pipeline system in a bid to boost throughput by 50,000 to 100,000 barrels per day. Chief executive Al Monaco said Friday that although its Liquids Mainline System — the largest export option for western Canadian producers — was full and hit a record this quarter, storage levels in Alberta remain... Read More

Second Cup CEO Garry Macdonald to retire, Steve Pelton named successor

Second Cup CEO Garry Macdonald to retire, Steve Pelton named successor
MISSISSAUGA, Ont. — The Second Cup Ltd. says chief executive Garry Macdonald plans to retire at the end of the month. The coffee chain says Steve Pelton, who co-founded the Landing Restaurants which were sold to Recipe Unlimited in 2014, has been appointed to succeed him. The change in the executive suite came as Second Cup reported a profit of... Read More

Your Uber has arrived, on Wall Street

Your Uber has arrived, on Wall Street
SAN FRANCISCO — Uber’s next stop is the stock market, where it hopes to pick up more investors willing to bet on a ride-hailing market brimming with potential and conspicuously lacking in profits. The world’s largest ride-hailing service reached a major milestone Thursday when Uber priced its long-awaited initial public offering at $45 price per share to set the stage... Read More