CAE Inc. is cutting 300 jobs despite growing revenues and profits as the flight simulator and training company adjusts to the impact of military budget cuts in Europe.

Fortis Inc. is buying New York state utility CH Energy Group Inc. in a cash and debt deal worth US$1.5 billion.

An ex-convict and former Redemption Inc. reality TV show runner-up from Ottawa has been charged with a series of home and vehicle break-ins.

Yahoo Inc. has named Scott Thompson, president of eBay Inc.'s PayPal division, as its new CEO.

Apple Inc. reports sales of $39.2 billion US and earnings of $11.6 billion in its most recent fiscal quarter, easily beating analysts' expectations.