Business News Summary Headlines

Company releases, economic news, and business coverage.

Nebraska court upholds state's approval of pipeline path

LINCOLN, Neb. - Nebraska's highest court lifted one of the last major hurdles for the Keystone XL pipeline on Friday when it rejected another attempt to derail the project by opponents who wanted to force the developer to reapply for state approval.

The Nebraska Supreme Court upheld the decision of regulators who voted in November 2017 to green-light a route through the state. The court's decision was a victory for the $8 billion project, which has been mired in lawsuits and regulatory hearings since it was proposed in 2008.

Friday, August 23, 2019 | 10:07 AM

Peppa Pig to get new owner: GI Joe maker Hasbro

NEW YORK - Hasbro is going whole hog on Peppa Pig.

The maker of Monopoly and GI Joe will pay about $4 billion to buy Entertainment One Ltd., a Toronto-based entertainment company that produces "Peppa Pig," ''PJ Masks" and other animated shows for preschoolers.

Friday, August 23, 2019 | 08:35 AM

Japan leader says S. Korea ending intel deal damages trust

TOKYO - Japanese Prime Minister Shinzo Abe said South Korea's decision to cancel a deal to share military intelligence, mainly on North Korea, is damaging mutual trust and vowed Friday to work closely with the U.S. for regional peace.

Abe also accused South Korea of not keeping past promises. The intelligence agreement started in 2016.

Friday, August 23, 2019 | 05:20 AM

Acadian Timber shares fall after Brookfield sells its 45% stake to Macer

Shares in Acadian Timber Corp. continued to drop in value two days after Brookfield Asset Management Inc. said it sold its 45 per cent stake in the timberland operator to privately held Macer Forest Holdings Inc. of Toronto.

Brookfield announced after markets closed Tuesday it had sold the stake for $128 million or $17 per share.

Thursday, August 22, 2019 | 06:24 PM

Apple wants people to know how to clean its new credit card

SAN FRANCISCO - Apple believes some of its zealous customers will treasure its new titanium credit card so much that they will spend time polishing its white finish.

That's why Apple has posted instructions on how to clean the card properly and warned that some materials might leave blemishes that are difficult to remove.

Thursday, August 22, 2019 | 06:17 PM

Peppa Pig to get new owner: GI Joe maker Hasbro

NEW YORK - Hasbro is going whole hog on Peppa Pig.

The maker of Monopoly and GI Joe will pay about $4 billion to buy Entertainment One Ltd., a British entertainment company that produces "Peppa Pig," ''PJ Masks" and other animated shows for preschoolers.

Thursday, August 22, 2019 | 05:54 PM

TSX moves lower on signals about interest rate cuts from Federal Reserve

TORONTO - Canada's main stock index closed lower amid signals about interest rates ahead of a key speech Friday by the Federal Reserve chairman.

"The markets are in a bit of a holding pattern today," said Candice Bangsund, portfolio manager for Fiera Capital.

Thursday, August 22, 2019 | 05:21 PM

Most actively traded companies on the TSX

TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange:

Toronto Stock Exchange (16,253.46, down 55.77 points).

Thursday, August 22, 2019 | 04:36 PM

CIBC hikes dividend as it reports third-quarter profit rise, beating estimates

TORONTO - The Canadian Imperial Bank Of Commerce hiked its dividend and reported a two per cent rise in its third-quarter net income to beat analyst estimates.

The Toronto-based lender saw growth in Canadian personal and small business banking and its U.S. commercial banking platform, but this was offset by weaker capital markets earnings and an increase in loan loss provisions.

Thursday, August 22, 2019 | 10:53 AM

Businessman-art collector Leonard A. Lauder writing memoir

NEW YORK - Leonard A. Lauder, chairman emeritus of the Estee Lauder Companies, is working on a memoir about the cosmetics company that his mother founded and he helped build into an international empire.

HarperCollins Publishers announced Thursday that Lauder's book will come out next year. It's currently untitled.

Thursday, August 22, 2019 | 09:03 AM