Spot gasoline in the U.S. Pacific Northwest dropped by the most against futures since February as tankers carried oil products to the region and a Royal Dutch Shell Plc refinery recovered from a power failure.
Stillwater Mining Co. said former Montana Governor Brian Schweitzer will become chairman of the largest public company in his home state, taking over the role from Chief Executive Officer Frank McAllister.
Telus Corp.’s purchase of mobile- phone provider Mobilicity and the potential sale of another new entrant, Wind Mobile, is casting doubt on Canada’s ability to increase competition in the wireless market.
Asian Coast Development (Canada) Ltd., a company backed by Philip Falcone’s Harbinger Capital Partners LLC that’s building the first Las Vegas-style casino in Vietnam, was sued by its chief executive officer for breach of contract.
Telus Corp., Canada’s third-largest wireless operator, has agreed to buy struggling mobile-phone provider Mobilicity for C$380 million ($373 million) to gain ground on larger rival Rogers Communications Inc.
Sex, love and romance are the obsessions of poets and songwriters. Why not of economists, too? In a new book, “Dollars and Sex: How Economics Influences Sex and Love,” Marina Adshade sees a world where our love lives are being transformed by women’s growing economic power, the vast online dating market and other distinctly unromantic factors. Bloomberg’s Ben Steverman spoke with the economist, who teaches at the University of British Columbia in Vancouver, about what the dismal science reveals about affairs of the heart. (Adshade's blog is here.) The transcript has been edited.
British Columbia Premier Christy Clark’s Liberal Party defeated the opposition New Democratic Party in a surprise election result that may bolster plans by Enbridge Inc. to ship more oil across the Canadian province.