Business Highlights + MORE Jun 13th

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Greece set to present fresh proposals to break impasse
ATHENS, Greece (AP) — Greece said Friday it will present its creditors with new proposals over the weekend in an attempt to breathe life into stalled bailout discussions that have stoked fears of the country’s bankruptcy.
Confirmation that talks would proceed over the weekend came after European markets had closed. Fears that the two sides were as far apart as ever on such issues as pensions and the budget saw the main stock index in Athens close 5.9 per cent lower and the Stoxx 50 index of leading European shares end down 1 per cent.
A Greek government official indicated a deal with creditors may be nearer than thought after Prime Minister Alexis Tsipras had conferred with senior ministers.
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Cheating website reveals hints of societal change in SKorea
SEOUL, South Korea (AP) — A wealthy man sneaks away for a tryst that he suggests will “reduce friction” with his wife. A woman in Seoul looks for a “side relationship” to a marriage that has lost its spark…

Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,741.15, down 89.73 points):
Carpathian Gold Inc. (TSX:CPN). Miner. Up half-a-cent, or 25 per cent, to 2.5 cents on 5.4 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Down 17 cents, or 0.71 per cent, to $23.63 on 4.4 million shares.
Royal Bank of Canada (TSX:RY). Bank. Up five cents, or 0.06 per cent, to $78.20 on 3.7 million shares.
Lundin Mining Corp. (TSX:LUN). Miner. Down 13 cents, or 2.34 per cent, to $5.43 on 3.7 million shares.
Toronto-Dominion Bank (TSX:TD). Bank. Down 56 cents, or 1.03 per cent, to $54.01 on 3.4 million shares.
Orbite Aluminae Inc. (TSX:ORT). Miner. Down half-a-cent, or 1.96 per cent, to 25 cents on 3.3 million shares.
Companies reporting major news:
CanElson Drilling INc. (TSX:CDI). Oil and gas. Up three cents, or 0.67 per cent at $4.52 on 2.5 million shares. Stock in the Calgary-based contract driller rose again a day after announcing it had agreed to a takeover by Trinidad Drilling Ltd…

A setback in talks between Greece and its creditors helped knock the stock market lower on Friday amid renewed concerns that the country could default on its debts. The losses were modest but broad: All 30 companies in the Dow and all 10 industries in the S&P 500 finished with losses.
For the day:
The Dow Jones industrial average fell 140.53 points, or 0.8 per cent, to 17,898.84.
The Standard & Poor’s 500 index declined 14.75 points, or 0.7 per cent, to 2,094.11.
The Nasdaq composite slipped 31.41 points, or 0.6 per cent, to 5,051.10.
For the week:
The Dow is up 49.38 points, or 0.3 per cent.
The S&P 500 is up 1.28 points, or 0.1 per cent.
The Nasdaq is down 17.36 points, or 0.3 per cent.
For the year:
The Dow is up 75.77 points, or 0.4 per cent.
The S&P 500 index is up 35.21 points, or 1.7 per cent.
The Nasdaq is up 315.05 points, or 6.7 per cent.
The post How the Dow Jones industrial average and other major indexes fared on Friday appeared first on Canadian Business – Your Source For Business News.

Through changes, turmoil and regulatory probes, the company’s stock remains unflappable