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Business

Flamboyant Nigeria newspaper publisher, known for bringing in celebrities, hit by strike

LAGOS, Nigeria - Known for bringing in celebrities and smiling in photographs next to former Western leaders, a flamboyant Nigerian newspaper publisher now faces a challenge from his most vocal critics - his own employees.

Loonie dip as latest job numbers come in slightly below expectations

TORONTO - The Canadian dollar continued to drop Friday as commodity prices weakened, and the latest figures showed Canadian jobs growth for April came in slightly below expectations.

Toronto Stock Exchange closes higher amid job figures, U.S. buoyed by dollar

TORONTO - North American markets capped off a mostly positive week higher Friday despite slightly disappointing job figures from Statistics Canada and a continuing retreat in commodity prices.

Control towers at small airports to stay open through the end of September

WASHINGTON - The Federal Aviation Administration will keep open for now the 149 control towers at small airports that were slated to close as the result of governmentwide automatic spending cuts imposed by Congress, the Transportation Department said Friday.

NRC teams with companies to use oilsands greenhouse gas to make biofuels

CALGARY - The federal government, an oil giant and a biofuels company are teaming up to build a $19-million plant in northern Alberta that will use carbon dioxide emissions from the oilsands to help turn algae into products such as fuel, fertilizer and livestock feed.

US Treasury reports $113B surplus in April, biggest in 5 years; helps lower US deficit

WASHINGTON - The government reported a rare surplus of $113 billion for April - the largest in five years and a sign of the nation's improving finances.

TSX heads higher amid latest job figures, U.S. buoyed by strong dollar

TORONTO - The Toronto stock market was up slightly amid the latest job data from Statistics Canada coming in slightly below expectations and a continuing retreat in commodity prices.

Revenue Agency says 44 off-shore tax cheats convicted since 2006, won't say who

OTTAWA - As an international investigation of tax evaders broadens to include Canadian authorities, the federal government says it has convicted just 44 individuals of offshore tax cheating since 2006.

Magna International Q1 profit improves to $369M; revenue up at $8.36B

AURORA, Ont. - Magna International Inc. (TSX:MG) has reported an increase in first-quarter net earnings as the automobile parts manufacturer and vehicle assembly company increased sales despite an overall downturn in the industry.

Oliver on the defensive as he ends oilsands promotion tour through Europe

OTTAWA - Joe Oliver's public-relations tour through Europe is ending as it began - with the natural resource minister on the defensive not just about Canada's oilsands but also about his own reaction to criticism.

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