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In grinding manufacturing slump, 3M cuts another 1,500 jobs

In grinding manufacturing slump, 3M cuts another 1,500 jobs

A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M, the Minnesota company that makes Post-it notes as well as industrial coatings and ceramics.
Pfizer posts 4Q loss, misses Street views, on lower revenue

Pfizer posts 4Q loss, misses Street views, on lower revenue

Pfizer's ongoing restructuring is significantly reducing revenue, resulting in a $337 million loss in its fourth quarter and a miss of Wall Street's profit expectations.

Bad timing: New virus poses threat to fragile world economy

This should be peak season for a 12-room hotel near the train station in the Chinese industrial hub of Wuhan. The Chinese New Year usually brings in plenty of travellers and delivers profits of around $3,000 a month. But the place is empty.
Detour-Kirkland Lake sale largest of three gold-mining deals approved Tuesday

Detour-Kirkland Lake sale largest of three gold-mining deals approved Tuesday

Canadian gold-mining shareholders lined up on Tuesday to endorse three ownership change transactions. In the largest deal, investors approved the sale of Detour Gold Corp. to rival Kirkland Lake Gold Ltd. for $4.
North American stock markets partially recover from losses over virus concerns

North American stock markets partially recover from losses over virus concerns

TORONTO — North American stock markets partially recovered Tuesday from the worst drop in nearly four months on heightened concerns about the impact of the coronavirus outbreak in China.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,500.88, up 58.36 points). Bombardier Inc. (TSX:BBD.B). Industrials. Up 10 cents, or 8.33 per cent, to $1.30 on 9.7 million shares.
Canadian companies feel impact of coronavirus as it strikes across sectors

Canadian companies feel impact of coronavirus as it strikes across sectors

MONTREAL — Canadian companies are starting to feel the pinch of the deadly coronavirus epidemic as they call off trips and watch their stock values slide.
Majority of Canadian boards had no female members in 2016 and 2017: StatCan

Majority of Canadian boards had no female members in 2016 and 2017: StatCan

About 60 per cent of Canadian boards were composed entirely of men in 2016 and 2017, but experts say regulations that took effect on Jan. 1 should go a long way to shrinking that number further.

B.C. chemicals plant to be sold to satisfy Competition Bureau merger concerns

CALGARY — German specialty chemicals maker Evonik Industries AG has agreed to sell a plant in Prince George, B.C., to address Competition Bureau concerns about its proposed US$625-million takeover of U.S.-based PeroxyChem Holding Company LLC.
UK to allow Huawei equipment in 5G networks but not in 'core' parts

UK to allow Huawei equipment in 5G networks but not in 'core' parts

LONDON — Britain decided Tuesday to allow Chinese tech giant Huawei to supply new high-speed network equipment, leaving Canada as the last of the "Five Eyes" intelligence alliance to announce a policy on the controversial company's status. The U.K.