Daily Archives: September 1, 2010

September surprise: Stocks soar

The bulls are back on Wall Street. After a bearish August, stocks roared into September with a major rally on Tuesday, as investors cheered signs of strength in the manufacturing sector.

US auto sales plummet in August

AFP – NEW YORK (AFP) – The embattled US car industry recorded one of its worst months as giants General Motors, Ford and Toyota reported Wednesday a big drop in American sales in August.

Fortress closes sale of most oil and gas asset to Terra for $25.8M, plus stock

The Canadian Press – CALGARY – Fortress Energy Inc. (TSX:FEI) shares declined sharply in heavy trading Wednesday as the Alberta-based company completed the previously announced sale of substantially all of its oil and gas assets to Terra Energy Corp. (TSX:TT).

TSX moves higher, commodities rise on strong U.S., Chinese manufacturing data

The Canadian Press – TORONTO – The Toronto stock market was higher Wednesday as investors bought up commodity stocks on hopes that strong manufacturing figures from the U.S. and China will translate into improved economic activity and higher demand for metals and oil.

Casey’s says it’s studying Couche-Tard’s increased US$2-billion offer

The Canadian Press – MONTREAL – Casey’s General Stores urged its shareholders not to take any action Wednesday while it reviews Alimentation Couche-Tard’s increased US$2-billion offer to purchase the Iowa-based convenience store chain.

Rogers Media partners with Warner Music Canada for digital ad content

The Canadian Press – TORONTO – Rogers Media (TSX:RCI.B) will partner with Warner Music Canada to sell ads around Warner’s music video content across a variety of digital platforms.

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