Archives

Vancouver's QLT Inc. (TSX:QLT, Nasdaq:QLTI) reported a 25% drop in quarterly revenue as worldwide sales of its Visudyne eye treatment fell 35.1%. Third-quarter revenue dropped to US$28.7 million for the period ending September 30 compared with $38.

Reduced methanol production led to a 24% drop in third-quarter revenue for Methanex Corp. (TSX:MX) and a sharp drop in the Vancouver-based energy company's quarterly profits for the period ending September 30. Revenue fell to US$395.

Vancouver's largest web development firm, has been acquired by London, England-based WPP Group plc, the world's second largest advertising and marketing conglomerate for an undisclosed amount.

Richmond's MacDonald, Dettwiler and Associates Ltd.

A strong Canadian dollar eroded third-quarter 2007 profit margins for Canfor Pulp LP even though the B.C. forestry company reported higher sales in the period ending September 30, 2007. Canfor Pulp revenue rose 7% to $228.

First-quarter revenue for Vancouver's Uniserve Communications Corp. (TSX-V:USS) jumped 51.3% due mainly to the company's acquisition of Knowledge Based Telephony Systems Corp. and Parasun Technologies Inc. Uniserve revenue rose to $8.

Fewer engaged employees add up to lower revenue and profits, according to a recent global survey by human resources firm Towers Perrin.

Richmond-based Cellex Power Products, a subsidiary of New York-headquartered Plug Power Inc. (Nasdaq:PLUG), has received its largest order thus far for its GenDrive fuel cell power units from Wal-Mart Stores Inc. (NYSE:WMT).

The Retail Council of Canada has lashed out against criticisms that retailers are at fault for higher retail prices for imported consumer goods.

In the past five years, B.C.'s small businesses have grown three times the national average, according to a new small business report by the provincial and federal governments. B.C.'s small business growth was 11.