Business

Artist’s rendering of Holiday Inn hotel project south of city in Gasoline Alley

Hotel project grows: Holiday Inn on Gasoline Alley includes conference space for 500

Red Deer’s reputation as a convention hot spot should strengthen next year with the opening of a full-service Holiday Inn in Gasoline Alley.

Artist’s rendering of Holiday Inn hotel project south of city in Gasoline Alley
Toyota Motor Corp. Executive Vice President Mitsuo Kinoshita speaks during a press conference to announce Toyota's third quarter financial results in Tokyo on Friday. Toyota sank into the red for the October-December quarter and acknowledged it was heading for its first annual net loss since 1950 because of plunging global automobile sales and the strong yen. Joining a string of Japanese companies that have slashed forecasts

Toyota sees first annual net loss since 1950

Toyota forecast its first annual net loss since 1950 on Friday as plunging demand for cars, especially in the U.S., and the strong yen pummeled earnings at the world’s No. 1 automaker.

Toyota Motor Corp. Executive Vice President Mitsuo Kinoshita speaks during a press conference to announce Toyota's third quarter financial results in Tokyo on Friday. Toyota sank into the red for the October-December quarter and acknowledged it was heading for its first annual net loss since 1950 because of plunging global automobile sales and the strong yen. Joining a string of Japanese companies that have slashed forecasts

A year after US$100, oil prices cut in less than half, settles at $46.34

HOUSTON — Exactly one year after crude eclipsed US$100 a barrel for the first time, 2009 trading began Friday with prices roughly half their year-ago levels, and some believe oil could be headed even lower.

Array

Family needs 25,000 bids to sell old house for $11

David Stockburger’s daughter does not seem destined for a career as a real estate agent.

Array

Median family income continues ascent between 2005 and 2006

OTTAWA — The median family income rose 2.1 per cent between 2005 and 2006, largely the result of strong economic growth fostered by employment gains.

Oil futures hit record, over $115

NEW YORK — Crude futures made their first foray past US$115 Wednesday, propelled to a new record by concerns about how much gas will be available during the peak summer months.

Allan Crate

Revenue from goods manufactured during 2007 was comparable to 2006

Sales of equipment related to dental and health care were up sharply; demand for instrumentation for the energy sector fell.

Allan Crate