Companies in this story: (TSX:DHX) HALIFAX — DHX Media Ltd. has signed a deal to sell a building in Toronto for $12 million.Proceeds from the deal will be used to pay down debt.The children’s media company says the sale of the building on Bartley Dr. in Toronto is part of its ongoing effort to focus and streamline its operations.The transaction, which is subject to conditions, is expected to close on or about June 6.DHX is the company behind such properties as Peanuts, Teletubbies, Strawberry Shortcake, Caillou, Inspector Gadget, and the Degrassi franchise.It completed a strategic review last year that ended with a deal to boost distribution and sales of its Peanuts brand in China and elsewhere in Asia. The Canadian Press read more

TORONTO — North American stocks hit session lows in early afternoon trading on Thursday, with the S&P 500 on track to post its worst day in six weeks, as tension over Ukraine’s Crimean peninsula mounted.The Dow Jones industrial average fell 177.34 points or 1.09%, to 16,162.74, the S&P 500 lost 17.54 points or 0.94%, to 1,850.66 and the Nasdaq Composite dropped 57.698 points or 1.33%, to 4,265.634.Ukraine’s acting president said Russian forces were concentrated on the border “ready to invade” his country but he believed international efforts could end Moscow’s aggression and avert the risk of war.The Toronto stock market was also lower, declining 68 points to 14,250.Worries about the pace of Chinese growth also weighed on stocks. Industrial production in the country rose by a lower than anticipated 8.6% in the first two months of this year.Also, China’s premier Li Keqiang said that his country will keep this year’s economic expansion strong enough to create new jobs but will emphasize market-opening reform and the environment over hitting its official growth target of 7.5%.“So, the Wild East is over now, and they’re moving to a more managed scenario, they’re going to tighten the screws,” said Wes Mills, chief investment officer Scotia Private Client Group.“And sure, it’s a slower growth, more micromanaged kind of environment and in the long run, it’s good, in the short run, it’s got the commodity guys nervous.”Copper added to its recent losses on the dimmer outlook for China, which accounts for 40 percent of global refined copper demand. The metal hit a four-year low at $6,376.25 per tonne on Wednesday.© Thomson Reuters 2014 read more

At current extinction rates of plants and animals, the Earth is losing one major drug every two years, while less than 1 per cent of the world’s 250,000 tropical plants has been screened for potential pharmaceutical applications, according to a new United Nations publication released today.The first “World Atlas of Biodiversity: Earth’s Living Resources for the 21st Century” by the UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) is a comprehensive map-based view of global biodiversity and shows how humankind is dependent on healthy ecosystems for all its needs.The Atlas provides facts and figures on the importance of forests, wetlands, marine and coastal environments and other key ecosystems. It is the best current synthesis of the latest research and analysis by UNEP-WCMC and the conservation community worldwide – providing a comprehensive and accessible view of key global issues in biodiversity.The publication also highlights humankind’s impact on the natural world: During the past 150 years, humans have directly impacted and altered close to 47 per cent of the global land area.Under one bleak scenario, biodiversity will be threatened on almost 72 per cent of the land area by 2032. The Atlas reveals losses of biodiversity are likely to be particularly severe in Southeast Asia, the Congo basin and parts of the Amazon. As much as 48 per cent of these areas will become converted to agricultural land, plantations and urban areas, compared with 22 per cent today, suggesting wide depletions of biodiversity.UNEP Executive Director Klaus Toepfer said wise use of the Earth’s natural resources was at the heart of sustainable development and a key issue for world leader’s attending the crucial World Summit on Sustainable Development (WSSD), which opens in Johannesburg, South Africa, on 26 August.”Humankind now diverts about 40 per cent of the Earth’s productivity to its own ends, much of this is being carried out in a destructive and unsustainable way,” he said. “It is vital that we reverse these unsustainable practices while at the same time taking advantage of the opportunities presented by the planet’s natural capital, its natural wealth.” read more

Rolling year registrations down 1.5 per cent to 385,282 units January registrations down 2.6 per cent on same period last year CV registrations dip but demand looks stable at above average levels ‘CV registrations in January continued where they left off last year, well above the long-term average’ said Christopher Macgowan, SMMT chief executive. ‘The total dipped in the second half of last year but we expect some growth in the next 12 months, with continued and broadly based demand for commercial vehicles. Confusion over digital tachographs distorts truck demand and the introduction of the Euro 4 emission standard later this year will continue that trend.’Full details can be downloaded below.DownloadClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more