Red Carpet Wrap: Katy Perry, Rihanna and more

Toronto stock market to open little changed ahead of U.S. Fed statement

The Toronto stock market headed for a flat open Wednesday as traders hoped the U.S. Federal Reserve will shed some light on what it intends to do about curbing some of its economic stimulus.

Pipeline construction materials are shown in this file photo. (Grand Forks Herald, Eric Hylden)

Planning, design underway for west-east pipeline, though project still unapproved

There are promising signs for those hoping that a proposed west-east pipeline from Alberta to New Brunswick becomes a reality.

A man monitors shares prices on his tablet in Tehran, Iran on June 18, 2013. (AP Photo/Vahid Salemi)

Consumer demand for technology leading digital business push

Consumer use of technology is transforming media and entertainment companies with almost 60 per cent of their revenues expected to come from digital sources by 2015, a new global survey says.

Terra Nova FPSO, a massive floating production, storage and offloading vessel used in the oil and gas industry, heads past Signal Hill in St. John's, Nfld, in this 2001 file photo. (Andrew Vaughan/THE CANADIAN PRESS)

Statoil assessing high-quality oil discovered off of Newfoundland coast

Statoil is evaluating a new discovery of high-quality oil off the coast of Newfoundland, about 500 kilometres northeast of St. John's, N.L., the Norwegian oil giant announced Wednesday.

Markets flat-footed ahead of Bernanke's highly-anticipated remarks

Markets were fairly flat-footed ahead of a keenly awaited policy statement from the U.S. Federal Reserve. 1

A server pours a cup of coffee at the Tim Hortons' AGM in Toronto on Thursday, May 10, 2012. (Chris Young / THE CANADIAN PRESS)

U.S. hedge fund increases its Tim Hortons ownership stake to 5.5%

A New-York based hedge fund is putting pressure on Tim Hortons Inc. (TSX:THI) to make changes to boost profitability just months after the restaurant chain saw similar requests from another U.S. investor. 6

A model poses with a Cadillac XTS displayed at the Shanghai International Automobile Industry Exhibition (AUTO Shanghai) in Shanghai, China Sunday, April 21, 2013. (AP Photo/Eugene Hoshiko)

GM starts work on China Cadillac plant as luxury vehicle sales growth slows

General Motors Co. executives broke ground for a new Cadillac factory in China on Wednesday to target luxury buyers in the world's biggest auto market, though they said the segment would grow slower than expected this year. 1

Cattle look out from their pen on a feedlot near Airdrie, Alta., on Wednesday, Jan. 12, 2005. (Jeff McIntosh / The Canadian Press)

EU slams Canada for holding up free-trade negotiations

Canada has publicly been called on the carpet by the European Union for holding up free-trade talks. EU trade spokesman John Clancy took the unusual step Tuesday of criticizing Canada as the G8 summit in Northern Ireland came to a close. 25 1

The We-Vibe 3 vibrator is shown in a handout photo. The U.S. International Trade Commission has upheld a Canadian company's patent for its couples vibrator, banning the import, sale and marketing of all infringing products in the United States. (THE CANADIAN PRESS)

Canadian company's patent for couples vibrator upheld

The U.S. International Trade Commission has upheld a Canadian company's patent for its couples vibrator, banning the import, sale and marketing of all infringing products in the United States. 2

Premier Darrell Dexter, left, looks on as Natural Resources Minister Joe Oliver heads to the podium at a news conference at the Maritime Museum of the Atlantic in Halifax on Tuesday, June 18, 2013. (Andrew Vaughan / THE CANADIAN PRESS)

Ottawa raising offshore liability cap to $1B in Arctic, Atlantic waters

The Canadian government is planning to introduce new rules to make drilling and production companies more accountable in the event of offshore spills. 12 1

British Prime Minister David Cameron speaks during a media conference at the G8 summit at the Lough Erne golf resort in Enniskillen, Northern Ireland, on Tuesday, June 18, 2013. (AP / Matt Cardy)

Cameron: G8 tax evasion declaration is step toward corporate transparency

World leaders at the G8 summit declared Tuesday that governments must work together to close loopholes that allow multinational corporate giants to avoid paying taxes in their home countries. 9

Mountain Equipment Co-op unveils new logo in attempt to shed granola image

National outdoor retailer Mountain Equipment Co-Op is shedding its image of being a store just for the granola-eating, sandal-wearing, mountaineering-type. 32

A man walks past the Hudson's Bay Company sign in downtown Toronto on Wednesday, Feb. 4, 2009. (Nathan Denette / THE CANADIAN PRESS)

Hudson's Bay Company names Bonnie Brooks as vice-chair

After five years, Bonnie Brooks is handing over the reins of the Hudson's Bay Co. to become vice-chair at the country's biggest department store. 2

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U.S. President Barack Obama returns to Brandenburg Gate in Germany and delivers address