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Porsche aims to end Magna's Boxster contract: source

50 minutes ago

STUTTGART (Reuters) - Germany's Porsche aims to cancel a deal that would have Canada's Magna build the Porsche Boxster model series under contract, a source familiar with the situation told Reuters.

  • Western Coal says aware of potential lawsuit in Ontario Tue Nov 24, 2:33 AM

    LONDON (Reuters) - Western Coal Corp said it was aware of a proposed class action lawsuit that alleges inaccurate disclosure in the group's second-quarter 2007 financial report.

  • Cribs recalled in U.S., Canada over safety concerns Mon Nov 23, 11:27 PM

    WASHINGTON (Reuters) - Stork Craft Manufacturing Inc is voluntarily recalling more than 2.1 million baby cribs in the United States and Canada due to a potential suffocation hazard, U.S. safety officials said on Monday.

  • CN to implement its wage proposal for engineers Mon Nov 23, 9:50 PM

    VANCOUVER, British Columbia (Reuters) - Canadian National Railway Co. will implement part of its contract proposals on its Canadian locomotive engineers, the carrier said on Monday.

  • Bloc Quebecois Leader Gilles Duceppe rises to question the government during Question Period in the House of Commons on Parliament Hill in Ottawa Monday Sept.14, 2009. THE CANADIAN PRESS/Adrian Wyld
    Quebec sets 2020 greenhouse gas emission targets Mon Nov 23, 8:35 PM

    VANCOUVER, British Columbia (Reuters) - The Canadian province of Quebec said on Monday it aims to cut its greenhouse gas emissions by 20 percent below 1990 levels by 2020, the same target as that set by the European Union.

  • A Toronto Stock Exchange (TSX) logo is seen in Toronto November 9, 2007. REUTERS/Mark Blinch (CANADA)
    TSX end higher on resource issues, banks Mon Nov 23, 5:23 PM

    TORONTO (Reuters) - Toronto's main stock index pared early gains but ended higher on Monday, touching its highest level in nearly 14 months as an early rally in oil prices powered energy stocks, while financials gained ground ahead of a flood of bank earnings reports.

  • Magna wins contract for next-gen GM truck frames Mon Nov 23, 4:40 PM

    TORONTO (Reuters) - Magna International said on Monday that it has won a contract to make the third generation of frames for General Motors Co's full-size light-duty pickups and sport utility vehicles.

  • Canadian retail sales continue climb in September Mon Nov 23, 4:11 PM

    OTTAWA (Reuters) - Canadian retail sales grew twice as much as expected in September as consumers ramped up spending on a wide range of goods, suggesting the economy grew at a healthy clip in the month.

  • N.Y. sentencing of Canadian insider trader delayed Mon Nov 23, 4:09 PM

    NEW YORK (Reuters) - A Canadian attorney behind what U.S. prosecutors describe as the largest insider trading scheme in Canadian history was denied entry to the United States and could not be sentenced on Monday.

  • The French family from Young's Point waits for H1N1 vaccinations, administered by Peterborough Health Unit, held at a branch of Royal Canadian Legion in rural Lakefield Ontario, October 29, 2009. REUTERS/Fred Thornhill
    Canada stops use of one batch of flu vaccine Mon Nov 23, 12:55 PM

    WINNIPEG, Manitoba (Reuters) - Some Canadian provinces have stopped using a particular batch of the H1N1 flu vaccine after six people experienced severe allergic reactions, the country's health agency said on Monday.

  • A sign is pictured outside Nortel's Carling Campus in Ottawa August 10, 2009. REUTERS/Blair Gable
    Ciena beats NSN to buy Nortel ops for $769 mln Mon Nov 23, 12:01 PM

    HELSINKI/NEW YORK (Reuters) - Ciena Corp agreed to buy the optical networking and ethernet equipment businesses of bankrupt Nortel Networks for $769 million after trumping a bid from Nokia Siemens Networks.

  • TD Bank hit with lawsuit in Florida Ponzi case Fri Nov 20, 8:59 PM

    MIAMI (Reuters) - TD Bank was hit with a multimillion-dollar lawsuit on Friday calling it the "financial epicenter" of an alleged Ponzi scheme run by disgraced Florida lawyer Scott Rothstein.

  • New Democratic Party leader Jack Layton speaks during Question Period in the House of Commons on Parliament Hill in Ottawa October 26, 2009. REUTERS/Chris Wattie
    Tories, Liberals slip as NDP surges: poll Fri Nov 20, 8:58 PM

    TORONTO (Reuters) - Canada's ruling Conservatives and the main opposition Liberals both lost ground in a poll published on Friday as the left-leaning New Democrats enjoyed a surprising surge in public support.

  • Strike unlikely at Canada Chrysler supplier: union Fri Nov 20, 5:02 PM

    TORONTO (Reuters) - Workers at a Johnson Controls plant in Canada that makes parts for Chrysler minivans are unlikely to go on strike this weekend, even if labor negotiations go past the Friday deadline, the union said.

  • Lesbian U.S. deserter to get new Canada hearing Fri Nov 20, 3:46 PM

    OTTAWA (Reuters) - A Canadian court ordered a new refugee hearing on Friday for a U.S. Army deserter who claimed she would face persecution because of her homosexuality if returned to the United States.

  • Minister of National Defence and Minister for the Atlantic Gateway Peter MacKay speaks during question period in the House of Commons on Parliament Hill in Ottawa, Ont., on Monday November 23, 2009. THE CANADIAN PRESS/Sean Kilpatrick
    Canada will stay the course on stimulus: Flaherty Fri Nov 20, 3:26 PM

    TORONTO (Reuters) - Finance Minister Jim Flaherty on Friday vowed to resist big, new spending measures in his next budget, but said it was too early to pull stimulus away from a still shaky economy.

  • Bank of Canada Governor Mark Carney prepares to testify before the Commons finance committee on Parliament Hill in Ottawa October 27, 2009. REUTERS/Chris Wattie
    Bank of Canada sees "softer" third quarter Fri Nov 20, 12:57 AM

    NEW YORK (Reuters) - Canada's economy performed worse than expected in the third quarter and while now recovering, it risks further setbacks due to the sharp rise of the Canadian dollar, Bank of Canada Governor Mark Carney said on Thursday.

  • A flesh model of the head of PancakeCroc (above) and its fossil lower jaw are seen in an image courtesy of National Geographic. PancakeCroc was a fish eater with a 3-foot-long, pancake-flat skull. It likely rested motionless for hours, its open jaws waiting for prey. REUTERS/Mike Hettwer, courtesy National Geographic/Handout
    New fossils reveal a world full of crocodiles Thu Nov 19, 4:21 PM

    WASHINGTON (Reuters) - New fossils unearthed in what is now the Sahara desert reveal a once-swampy world

  • Canadian diplomat Richard Colvin waits to testify before the Commons Special Committee on the Canadian Mission in Afghanistan on Parliament Hill in Ottawa November 18, 2009. REUTERS/Chris Wattie
    Canada rejects call for probe into Afghan abuse Thu Nov 19, 3:05 PM

    OTTAWA (Reuters) - The Canadian government on Thursday dismissed calls for a public inquiry into allegations senior officials had ignored evidence that Afghan authorities were torturing detainees handed over by Canadian troops.

  • The Advanced Microwave Scanning Radiometer (AMSR-E), a high-resolution passive microwave Instrument on NASAs Aqua satellite shows the state of Arctic sea ice on September 10 in this image released September 16, 2008. REUTERS/NASA/Goddard Space Flight Center Scientific Visualization Studio/Handout
    Melting sea ice dilutes water, endangers sea life Thu Nov 19, 2:28 PM

    HONG KONG (Reuters) - Melting of the Arctic sea ice due to global warming is diluting surface waters and this is endangering some species of shellfish which need minerals in the water to form their shells and skeletons, scientists have found.

  • Goepel named new chairman for 2010 Vancouver Games Wed Nov 18, 8:58 PM

    VANCOUVER, British Columbia (Reuters) - Rusty Goepel, a long time member of the Vancouver Organizing Committee's board of directors, was named on Wednesday to fill the vacant chairman's post for the 2010 Olympics.

  • Canadian land treaties would boost economy: study Wed Nov 18, 8:34 PM

    VANCOUVER, British Columbia (Reuters) - Canada is missing an economic opportunity by not resolving long-standing aboriginal land claims on the Pacific Coast, according to a study released on Wednesday.

  • 2010 organizers dismiss ticket complaints Wed Nov 18, 6:18 PM

    VANCOUVER, British Columbia (Reuters) - Organizers of next year's Winter Olympics in Vancouver dismissed criticism on Wednesday over ticket sales in the United States, and particularly in the nearby U.S. Pacific Northwest.

  • Canada puts remote Far North town in G7 spotlight Wed Nov 18, 5:41 PM

    VANCOUVER, British Columbia (Reuters) - Delegates to next February's G7 finance minister meeting in the Canadian Far North should watch their spelling and remember they are not far from the Road to Nowhere.

  • Canada's Finance Minister Jim Flaherty speaks during Question Period in the House of Commons on Parliament Hill in Ottawa October 26, 2009. REUTERS/Chris Wattie
    Flaherty says economy has not recovered Wed Nov 18, 5:39 PM

    OTTAWA (Reuters) - Canada's economy has not yet recovered from recession so the government will follow through on the second phase of stimulus spending next year, Finance Minister Jim Flaherty said on Wednesday.

  • Canadian charities benefit from Globalive's dilemma Wed Nov 18, 3:42 PM

    TORONTO (Reuters) - Hundreds of Canadians who expected to start new jobs in call centers and retail stores during the holiday shopping season are instead manning food banks and soup kitchens with blessing of their new employer.

  • Homes are bathed in the late afternoon sun in Iqaluit, Nunavut in the Canadian Arctic August 24, 2009. REUTERS/Andy Clark
    Canada to host G7 finance officials in Arctic Wed Nov 18, 2:18 PM

    OTTAWA (Reuters) - Top finance officials from the G7 countries will meet in the remote Arctic town of Iqaluit on Feb 5-6 but may not issue a communique, Finance Minister Jim Flaherty said on Wednesday.