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B.C. carpenters leave international union to create their own

B.C. carpenters have accepted terms from the B.C. Labour Relations Board enabling them to break from the Washington-based United Brotherhood of Carpenters and Joiners of America.

Profits for Richmond-based food manufacturer and distributor double in third quarter

Strong sales helped Premium Brands Income Fund (PBI.UN) post record sales and profits in its third quarter ending September 29. The Richmond-based food manufacturer's sales jumped 85% to $108.6 million compared with $58.

Macdonald, Dettwiler and Associates profit rises 13% in third quarter

Richmond's Macdonald, Dettwiler and Associates Ltd. (TSX:MDA) reported a 13% increase in quarterly net profit for the period ending September 30 despite enjoying only slight gains in quarterly revenue. Third-quarter profit rose to $23.

Portable power developer suffers quarterly loss despite 54% increase in third-quarter revenue

Burnaby's portable power products developer Xantrex Technology Inc. (TSX:XTX) reported a net loss for its third quarter ending September 30 despite reporting a 54% increase in quarterly revenue.

Quarterly profits for Richmond auctioneering giant jump 53%

Richmond's Ritchie Bros. Auctioneers Inc. (TSX, NYSE:RBA) reported a 53% increase in quarterly profits on higher auction revenue for the quarter ending September 30. Net earnings rose to US$14.9 million from US$9.

B.C. investment house invests stake in US$3.5 billion acquisition of Puget Sound Energy

The B.C. Investment Management Corp. has taken a minority stake in a US$3.5 billion deal to privatize Puget Sound Energy, Washington state's largest utility.

Northgate Minerals to buy Australian gold producer in US$257 million deal

Vancouver's Northgate Minerals Corp. (TSX:NGX) plans to acquire Australian gold producer Perseverance Corporation Ltd. for US$257 million.

MetroBridge acquires Utah broadband provider for US$5.4 million

Burnaby's MetroBridge Networks International Inc. (TSX-V:MEB) has picked up Salt Lake City, Utah-based Utah Broadband LLC in its recent buying spree. The US$5.

Interfor harvests net quarterly loss from depressed lumber prices

International Forest Products Ltd. (TSX:IFP) reported a net loss of $1.6 million for its third quarter ending September 30 compared with net earnings of $1.6 million a year ago. Third-quarter sales fell 35% to $135.5 million compared with $209.

Wireless sales boom boosts Sierra's third-quarter revenue

Strong sales of its wireless network cards and the added revenue from its merger with AirLink Communications helped Sierra Wireless Inc. (TSX:SW; Nasdaq:SWIR) double its revenue for its third quarter ending September 30. Revenue rose 112% to US$111.