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Coal Fire Turns Australian Mine Into Mordor's Mount Doom

A fire at the the Hazelwood open-cut coal mine has turned a large swathe of Morwell, Australia into something out of J.R.R. Tolkien's Mordor. The fire at the mine has been blazing for three weeks and...

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Suit: Sporting goods CEO pretended to be executive at rival to get secrets...

TRENTON, N.J. - The CEO of a sporting goods chain who once appeared on the TV show "Undercover Boss" pretended to be an executive from a rival company in an effort to get confidential information,...

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Jason Kenney Links Income-Splitting To 'Stable Families'

OTTAWA - Jason Kenney is vigorously backing the Conservative government's contentious income-splitting promise, infusing the debate with a social conservative element Friday as he insisted the scheme...

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Ukraine airline says Crimea airspace closed after gunmen show up at airports

KIEV, Ukraine - Ukraine International Airlines says it has cancelled flights to and from the regional capital of Crimea due to the closure of the airspace over the peninsula.The announcement, which did...

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Citigroup says Mexican fraud lowers bank's 2013 earnings

Citigroup reduced its 2013 earnings by $235 million on Friday, saying it was a victim of fraud committed by a Mexican oil services company to secure hundreds of millions of dollars in short-term...

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Signed contracts to buy US homes barely up; housing market starting 2014...

WASHINGTON - The number of Americans who signed contracts to buy homes was essentially flat in January, a possible sign of a softening real estate market.The National Association of Realtors said...

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JAL Wins Title Of 'Most Reliable Airline' In Flightstats Study

(Relaxnews) - Japan Airlines has emerged as the most reliable carrier in the world, posting the best on-time performance. After collecting real-time flight status information of the top 200 airlines in...

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Mulcair Warns Canada Job Grant Could Be Quebec Election Issue

MONTREAL - Opposition Leader Tom Mulcair warned Friday that the Conservative government has risked making its Job Grant program an issue in the Quebec election by going ahead without the...

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The CBC Won't Talk To CBC Radio About Mansbridge's Speaking Fees

It seems that the CBC siblings aren't talking to each other. That is, at least when it comes to CBC TV's chief correspondent Peter Mansbridge and the controversy surrounding the news that he accepted a...

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Crude oil exists February with gain of 5%; naural gas off 7%

NEW YORK, N.Y. - The price of oil rose slightly Friday, finishing February with a gain of five per cent for the month.Benchmark West Texas Intermediate crude for April delivery rose 19 cents to close...

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Buffett's company says 4Q profit up 10 per cent as insurance, rail, energy...

OMAHA, Neb. - Warren Buffett's company says fourth-quarter earnings rose 10 per cent to nearly $5 billion as its insurance, rail and energy businesses generated major profit gains.Berkshire Hathaway's...

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Economy on front burner this week: traders look to jobs data, rate announcement

TORONTO - Traders will be looking at U.S. jobs data at the end of the week for further clues as to how much this year's severe winter weather has depressed the American economy and employment."This is...

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Cheap Hotels Around The World: 10 Spots Where You'll Receive The Best Value

(Relaxnews) - A hostel in Cape Town that offers hotel-quality rooms and amenities in a collection of centuries-old Victorian houses has been named Lonely Planet’s best value hotel in the world. In...

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Major Drilling Q3 loss triples as revenue falls 42 per cent from year before

MONCTON, N.B. - Major Drilling Group International Inc. (TSX:MDI) says its third-quarter revenue dropped 42 per cent and its loss tripled as major customers delayed decisions on their 2014 exploration...

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Vegetable Costs To Rise Due To Extreme Cold, Heating Costs

Some vegetable prices could be higher at the grocery store this spring. Greenhouse growers in Ontario hope higher prices for their produce will offset their high heating bills this winter. Don Taylor,...

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Gold stocks help send TSX slightly higher amid rising Russia/Ukraine tensions

TORONTO - The resource-heavy Toronto stock market was one of the few markets to rise Monday as traders generally avoided risk in the wake of Russia's invasion into Ukraine's Crimean peninsula.The...

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Natural Resources Minister Joe Oliver Explains Mine Rejection

Natural Resources Minister Joe Oliver told mining executives Monday morning that the federal government is upholding its G8 commitment to ensure mining companies disclose payments made to foreign...

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Canadian dollar lower, U.S. currency up, markets shed risk amid Ukraine tensions

TORONTO - The Canadian dollar was modestly lower Monday morning as traders flocked to the safe haven status of the American currency after Russia occupied Ukraine's Crimean peninsula.The...

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US consumer spending up 0.4 per cent in January as Americans faced high...

WASHINGTON - Americans spent more in January, but the increase came from a surge in spending on heating bills during the harsh winter. Spending in areas such as autos and clothing declined.Spending...

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Buffett says some crude oil more dangerous than expected, railroad tank cars...

OMAHA, Neb. - Investor Warren Buffett says it's clear that railroad tank cars carrying crude oil need to be updated because oil from certain regions has the potential to be more dangerous than...

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