TransAlta Corp., Canada\'s biggest publicly owned electricity producer, reported a quarterly profit of $51 million on Thursday versus a year-earlier loss, but said it does not anticipate a noticeable market recovery until next year.
The Federal Reserve should consider buying more Treasury securities, instead of promising an extended period of low rates to support recovery, should inflation drift lower, a top Fed official said.
Russia will open its most ambitious privatization program since the 1990s to foreign investors, its economy minister said on Thursday, while the government gave its initial approval to the planned $29 billion US in asset sales.
Auto workers in Windsor, Ont., received more bad news Thursday when Ford Canada revealed the number of jobs it will cut at its Windsor engine plant in November.
Kellogg Co. reported lower-than-expected quarterly profit of $302 million US and cut its full-year forecast, sending its shares down 4.4 percent, as a big cereal recall and sales promotions in that business took a toll.
Japan\'s Panasonic Corp. said it would buy out subsidiaries Sanyo Electric and Panasonic Electric Works for up to $9.4 billion US in cash and shares to accelerate its push into greener businesses.
Thomson Reuters Corp. forecast a return to revenue growth this quarter on stronger sales of its news and financial data terminals and sales of its new WestlawNext database for lawyers.