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Finalists named for Giller book prize

Canada's prestigious Scotiabank Giller Prize announced its short list of finalists on Tuesday, after reviewing 96 books submitted from across the country.

Ciena bids $521 million for Nortel ethernet assets

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Canada's Nortel Networks said on Wednesday it has agreed to a stalking horse offer from U.S. network specialist Ciena Corp to buy its optical networking and Internet infrastructure businesses for $521 million.

Ciena to buy Nortel's ethernet assets

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Canada's Nortel Networks said on Wednesday it plans to sell its optical networking and carrier ethernet businesses to U.S.-based Ciena in a stalking horse agreement worth $521 million.
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AT&T allowing iPhone users to access Skype

AT&T, the biggest U.S. cellphone provider, said Tuesday that Apple iPhone users will be able to use Skype over its cellphone network, a move that will lower the cost of local and international voice calls.
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Australia central bank raises rates, more expected

Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.
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Australia c.bank raises rates, more expected

Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.
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Disney, Universal name new studio chiefs

The Walt Disney Co and Universal studios unveiled changes at the top on Monday, as Hollywood's worst-performing major houses try to turn things around in a potentially record year at the box office.
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Universal Pictures ousts two chairmen

Universal Pictures on Monday ousted Chairmen Marc Shmuger and David Linde after recent box office flops, including big-budget comedy Land of the Lost, replacing the pair with their marketing and production chiefs.
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G7 presses for stronger yuan

The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
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G7 presses for stronger yuan, breaks no new ground

The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
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G7 grapples with exchange rates and own future

Financial officials of the Group of Seven rich nations, which dominated global policymaking for decades, were set Saturday to discuss a diminished future for their group as it grappled with tensions over currency rates.
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G7 set to issue FX statement

The Group of Seven rich nations is expected to issue its customary call for stable exchange rates on Saturday, but do nothing more specific to address concern a weak dollar could hurt European exports.
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Ford Canada labor talks aim to cut $16/hr gap

Labor costs at Ford Motor Co (F.N) are about $16 an hour higher in Canada than in the United States, the Canadian Auto Workers confirmed on Friday, but union said it needs guarantees on production levels before it agrees to concessions to level the field.
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G7 better forum for discussing forex--BOJ governor

Group of Seven financial ministers and central bank governors will likely discuss the economic and financial developments that are behind recent currency moves at their meeting this weekend, Bank of Japan Governor Masaaki Shirakawa said on Friday.
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First Solar shares up on potential index inclusion

First Solar Inc's shares surged nearly 5 percent on Friday, buoyed by news the U.S. solar power company will join the flagship S&P 500 stock index and after it landed a buyer for a 20-megawatt solar power project in Canada.
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American, BA warned by EU over proposed tie-up

American Airlines and fellow Oneworld alliance partners British Airways and Iberia face fresh European Union antitrust hurdles as they look to extend their pact to include coordinated schedules and prices.
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EU warns American, BA over tie-up plans

American Airlines (AMR.N) and fellow Oneworld alliance partners British Airways (BAY.L) and Iberia (IBLA.MC) face fresh European Union antitrust hurdles as they look to extend their pact to include coordinated schedules and prices.
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EU watchdog charges Oneworld airline pact

A pact to cooperate on schedules and prices between British Airways , American Airlines and Iberia may have violated EU antitrust rules, European Union antitrust regulators said on Friday.
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Nortel to sell GSM business

Nortel Networks Corp said on Wednesday it plans to sell its global GSM business, as the bankrupt telecom equipment maker continues to auction off its assets.

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