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Breaking Business News
Top Stories: Senior European Union officials have assured markets that the euro zone will not have the same sort of debt problems that are plaguing Dubai. Big News Network.com Sun, 29 Nov 2009 07:31:56 -0500Hyundai Motor Co of South Korea has said it will pull out of the Japanese passenger vehicle market because of slow sales. Big News Network.com Sun, 29 Nov 2009 09:42:55 -0500House prices in England and Wales continued rising in October, climbing by 0.6% according to the latest survey from the Land Registry. Big News Network.com Sun, 29 Nov 2009 07:27:21 -0500Customer traffic in US stores on Black Friday, following Thanksgiving, rose a bare 0.5 percent on the traditional start to the holiday shopping season. Big News Network.com Sun, 29 Nov 2009 07:25:05 -0500In the UK, Chancellor Alistair Darling is about to release his pre-Budget report. Big News Network.com Sun, 29 Nov 2009 07:15:07 -0500French carmaker Renault has signed a deal to save struggling Russian partner Avtovaz, the maker of Lada cars. Big News Network.com Sun, 29 Nov 2009 07:05:11 -0500Japan's Nissan Motor Co. is working on a lithium-ion battery that can power an electric vehicle for 300 kilometres on a single charge, the business daily Nikkei said Sunday. Big News Network.com Sun, 29 Nov 2009 07:02:42 -0500Airbus has said its long-delayed A400M military transport aircraft should be ready to make its first test flight around the 7th December. Big News Network.com Sat, 28 Nov 2009 19:18:17 -0500Lloyds Banking Group in the UK is to ask the courts to dismiss multiple cases lodged against it for the return of overdraft fees. Big News Network.com Sat, 28 Nov 2009 19:25:30 -0500There has been a sales rise 23% for Jaguar Land Rover vehicles in the second quarter. Big News Network.com Sat, 28 Nov 2009 19:13:41 -0500Global stock and bond markets tumbled late in the week following news the Dubai government-owned conglomerate Dubai World was seeking a moratorium on its $59 billion debt. Big News Network.com Sat, 28 Nov 2009 19:02:00 -0500It is a day in which traditional retailers promote discounts and gimmicks to encourage store traffic. Big News Network.com Sat, 28 Nov 2009 18:19:12 -0500Kuala Lumpur, Nov 29 (IANS) AirAsia chief executive officer Tony Fernandes, whose father is from Goa, has been named the Airline CEO of the Year (2009) by Jane's Transport Finance magazine in London. IANS Sun, 29 Nov 2009 01:30:02 -0500"They complain the industry has too many incentives simply to enroll students and tap the spigot from Washington â?? and not enough to make sure students succeed"... Star Tribune Sun, 29 Nov 2009 14:37:27 -0500DES MOINES, Iowa - Cheryl Allegretti's husband was a meticulous pilot with more than 20 years experience when the plane he was piloting crashed in a northwest Iowa cornfield, killing him and two pass... Star Tribune Sun, 29 Nov 2009 14:37:26 -0500SAN FRANCISCO (Reuters) - Sales may have risen only slightly on Black Friday as U.S. shoppers sought deals on electronics, toys and clothes, but retailers appeared to have been better-prepared to prot... Reuters Sun, 29 Nov 2009 14:01:40 -0500The group said their plan, submitted to Six Flags' board of directors on November 25, was supported by noteholders owning more than $500 million of the approximately $870 million in notes issued by th... Reuters Sun, 29 Nov 2009 14:01:39 -0500Luxury retailers lost their traditional resilience during a financial crisis that hit the rich hard but offered attractive leverage to Wall Street's resurgence, the global recovery and increasingly we... Financial Post Sun, 29 Nov 2009 14:00:43 -0500OTTAWA -- On Monday, we learn whether Canada did, in fact, emerge from the recession in the third quarter. It's expected that Canada's economy did, indeed, go from shrinking to growing during the sum... Financial Post Sun, 29 Nov 2009 14:00:42 -0500Former National Hockey League player Jim Kyte knows a little something about living with a disability: He was the first deaf NHL hockey player. During his pro career from 1983-1997, which include... Financial Post Sun, 29 Nov 2009 14:00:40 -0500A one-bedroom condo in Waikiki for US$50,000 or less? Yes. You could buy a number of such condos here in the famous vacation destination for that price. With $5,000 down, the principal and interest on... Financial Post Sun, 29 Nov 2009 14:00:39 -0500NEW YORK - Money on the table — perhaps $10 billion a year or more — could help close a deal in Denmark next month and keep climate talks moving toward a new global treaty in 2010. But if... Star Tribune Sun, 29 Nov 2009 13:10:35 -0500Top six gas and electricity firms will be forced to divest their power plants if the Conservatives win the general election. Photograph: Christopher Thomond... Guardian Sun, 29 Nov 2009 13:02:00 -0500"It's a testament to the business model," he says. "You sell the printer at a loss and make it up on ink sales. If HP was to match Kodak's pricing, it would be monumental, and you'd see an immediate i... USA Today Sun, 29 Nov 2009 12:52:56 -0500BOSTON -- There's a difference between trying to do the right thing and actually getting it done. The biggest mistakes mutual fund investors make fall right in the middle, where an investor trips ove... Fox Business Sun, 29 Nov 2009 12:36:55 -0500NEW YORK (Reuters) - Dubai, jobs data, Black Friday results and a chance for Congress to throw fireballs at Fed chief Ben Bernanke: The U.S. stock market's path to glory is fraught with peril this wee... Reuters Sun, 29 Nov 2009 12:35:37 -0500On Face The Nation, Senator Carl Levin (D-Mich.) told CBS News' Harry Smith that the state of the U.S. economy will make it difficult to implement a "war tax" in Afghanistan. CBS News Sun, 29 Nov 2009 12:32:24 -0500Administrators of Threshers' owner First Quench have announced the loss of more than 2,000 jobs following another raft of store closures. First Quench - which also trades as Wine Rack, The Local, Ha... Ananova Sun, 29 Nov 2009 12:11:34 -0500An engineering firm has called in administrators following a lengthy contractual row with a customer - putting almost 900 jobs at risk. SLP engineering employs 876 staff across its sites at Lowestof... Ananova Sun, 29 Nov 2009 12:11:33 -0500WASHINGTON - The 60 votes aren't there any more. With the Senate set to begin debate Monday on health care overhaul, the all-hands-on-deck Democratic coalition that allowed the bill to advance is fr... Star Tribune Sun, 29 Nov 2009 11:53:31 -0500WASHINGTON - Federal Reserve Chairman Ben Bernanke is expected to face tough questioning during a reappointment hearing this week, and one senator already says he won't support another term for the F... Star Tribune Sun, 29 Nov 2009 11:53:29 -0500By Kim Tong-hyung Staff Reporter Government authorities are wary about the serious security flaws of Internet Explorer 6 (IE6), the sixth revision of Microsoft's Web browser released in 2001 that ... The Korea Times Sun, 29 Nov 2009 11:04:49 -0500DUBAI: The Central Bank of the United Arab Emirates on Sunday said it will provide extra liquidity for both domestic and foreign banks, extending its support to the banking sector following the Dub... Times Of India Sun, 29 Nov 2009 10:54:25 -0500DUBAI, United Arab Emirates - The United Arab Emirates' central bank is saying it "stands behind" local and foreign banks operating in the country, offering them access to money in a sign t... Star Tribune Sun, 29 Nov 2009 10:20:34 -0500With barely a month to go before the end of the year, it is time to get your house in order. Herewith, your top 10 end-of-year tax tips: 1. Tax-loss selling This is the practice of selling i... Financial Post Sun, 29 Nov 2009 09:52:29 -0500With interest rates so low and threatening to rise, more investment professionals are publicly warning the 30-year bull market for bonds may be over. The latest is Lisa Myers, co-manager of Templ... Financial Post Sun, 29 Nov 2009 09:52:28 -0500MONTREAL -- Locmotive engineers at Canada's largest railway walked off the job Saturday, starting a strike that one shipping industry group says could have major repercussions on the national economy ... Financial Post Sun, 29 Nov 2009 09:52:27 -0500OTTAWA -- Bailouts and subsidies to businesses by Canadian governments surpassed $200-billion between 1994 and 2007, adding up to $15,126 per taxpayer, according to a report Friday from the Fraser Ins... Financial Post Sun, 29 Nov 2009 09:52:24 -0500OTTAWA -- The federal government must act to ensure proposed U.S. climate-change policy does not lead to "adverse affects," such as carbon tariffs, on Canadian industry, a Conference Board of Canada r... Financial Post Sun, 29 Nov 2009 09:52:24 -0500Mr. Flaherty, speaking to reporters, said the Canadian banking regulator sees little or no impact in Canada from Dubai’s request for a standstill on payments of tens of billions of dollars of debt .... Financial Post Sun, 29 Nov 2009 09:52:22 -0500The Supreme Court of Canada has upheld the right of Wal-Mart, the world's biggest retailer, to shut down stores after workers unionized at one of its outlets in Jonquière, Que. In a 6-3 decision, Ju... Financial Post Sun, 29 Nov 2009 09:52:21 -0500Canada's top benchmark exchange was relatively unchanged on Friday, as stocks south of the border tumbled playing catch-up with the rest of world following the U.S. Thanksgiving Day holiday. One day ... Financial Post Sun, 29 Nov 2009 09:52:19 -0500TORONTO -- Striking workers at Vale's Voisey's Bay nickel mine in eastern Canada will not resume bargaining with the company unless Vale also agrees to sit down with striking workers at its Sudbury, O... Financial Post Sun, 29 Nov 2009 09:52:16 -0500WINNIPEG, Manitoba -- A strike at Canada's biggest railway would interrupt a busy period for transporting grain across one of the world's top exporting countries, and could ring up costs to farmers an... Financial Post Sun, 29 Nov 2009 09:52:14 -0500CHICAGO -- Privately held Canadian lumber producer Tolko Industries said this week it will close indefinitely its lumber unit in High Level, Alberta, due to poor market conditions. News of the pendin... Financial Post Sun, 29 Nov 2009 09:52:13 -0500Investment bankers at RBC Capital Markets, TD Securities and other Canadian firms may see bonuses jump as much as 50% from last year after record stock sales and a surge in mergers fueled bank fees, a... Financial Post Sun, 29 Nov 2009 09:52:12 -0500STOCKHOLM -- General Motors Co said on Friday it was talking to possible buyers of Saab, four days before a GM board meeting considers whether to attempt to revive a sale process or eliminate the 60-y... Financial Post Sun, 29 Nov 2009 09:52:11 -0500TORONTO -- Canwest Global Communications Corp. said Friday it had a fourth quarter operating profit of $52-million before charges, compared with $60-million in the fourth quarter of 2008. For the ful... Financial Post Sun, 29 Nov 2009 09:52:09 -0500OTTAWA -- The sentiments of average consumers and chartered accountants are headed in opposite directions, according to a pair of reports released Thursday. The mood of Canadian consumers deteriorate... Financial Post Sun, 29 Nov 2009 09:52:08 -0500Rogers Communications Inc. beefed up its equity stake in rival Cogeco Inc. on Thursday in what some suggest is a clear sign to other would-be buyers that it intends to acquire the smaller cable TV com... Financial Post Sun, 29 Nov 2009 09:52:06 -0500OTTAWA -- A major Nortel Networks Corp. creditor is objecting to terms of a key division sale, saying Nortel turned down a higher cash offer. Ciena Corp. won the auction this week for the metropolita... Financial Post Sun, 29 Nov 2009 09:52:04 -0500Hopes that Bombardier Inc. might be able to stave off further production cuts in its regional-jet program fell flat Thursday with the Montreal transportation giant saying it would be forced to cut an ... Financial Post Sun, 29 Nov 2009 09:51:57 -0500MONTREAL -- At some points in the game, the water looks real; clear at some angles to reveal the rocks below, at other angles, thick and murky. When your character hops into a helicopter, the exhaust ... Financial Post Sun, 29 Nov 2009 09:51:54 -0500On Thursday, federal regulators approved a request to add Al Jazeera English to the list of satellite services eligible to be distributed in Canada. Financial Post Sun, 29 Nov 2009 09:51:51 -0500In its fiscal second-quarter budget update, the Alberta government said it expects a deficit of $4.3-billion for the current fiscal year, down from its first-quarter forecast for a $6.9-billion ... Financial Post Sun, 29 Nov 2009 09:51:45 -0500NEW YORK -- One of News Corp Chief Executive Rupert Murdoch's sons sold about US$27.6-million of his shares the media company this week as his investment company purchased a large stake in an Australi... Financial Post Sun, 29 Nov 2009 09:51:43 -0500Web and video posts are feeding a new form of “silent attrition, where customers switch companies without complaining directly,” Frank Sherlock, senior vice-president at Cincinnati-based Convergys... Financial Post Sun, 29 Nov 2009 09:51:41 -0500Bidding wars and higher interest costs have lead to the inevitable - a drop in housing affordability for the first time in five quarters, according to a new index produced by the Royal Bank of Canada.... Financial Post Sun, 29 Nov 2009 09:51:35 -0500BEIJING -- China faces a protectionist backlash next year because its manufacturers are saddled with overcapacity and are offloading excess output into world markets, the European Union Chamber of Com... Financial Post Sun, 29 Nov 2009 09:51:33 -0500Electric cars may be coming, but they will come much more slowly than you might expect from all the publicity. The price is one problem. It's the batteries. To get an e-car with more range, you need m... Financial Post Sun, 29 Nov 2009 09:51:31 -0500CANBERRA -- Looking to work overseas? Head to Canada, Australia or Thailand, according to an annual global survey which found recession-hit Britain was one of the worst locations to live for expatriat... Financial Post Sun, 29 Nov 2009 09:51:25 -0500NEW YORK/LONDON -- Gold prices hit record highs above US$1,190 an ounce Wednesday as the dollar fell sharply and the market expected central banks from emerging economies to keep buying bullion from t... Financial Post Sun, 29 Nov 2009 09:51:24 -0500OTTAWA -- Don't look now, but Canadian governments are returning in increasing fashion to foreign markets to help finance their day-to-day operations - something they last did with great regularity in... Financial Post Sun, 29 Nov 2009 09:51:23 -0500Onex Corp said Wednesday it had sold another part of its interest in Emergency Medical Services Corp in a secondary offering, for proceeds of about US$151-million. The Canadian private-equity firm sai... Financial Post Sun, 29 Nov 2009 09:51:21 -0500Canadian home resale prices rose for a fifth straight month in September on gains in five of six major metropolitan markets surveyed, according to a report on Wednesday. Financial Post Sun, 29 Nov 2009 09:51:20 -0500NEW YORK -- AIG and former chief executive Maurice "Hank" Greenberg have reached an agreement to bury a long-standing, bitter legal battle and the insurer will turn over materials the former boss can ... Financial Post Sun, 29 Nov 2009 09:51:18 -0500Canadian National, the country’s biggest railway, said it is urging the Teamsters union, which represents the engineers, to resume negotiations immediately. Financial Post Sun, 29 Nov 2009 09:51:16 -0500CHICAGO -- Wall Street's main barometer of investor sentiment did not show much fear on Wednesday, as it sank to its lowest level in 15 months. The Chicago Board Options Exchange Volatility Index, kn... Financial Post Sun, 29 Nov 2009 09:51:15 -0500Dan Fortin, part 2 FP Executive's John Turley-Ewart speaks with Dan Fortin, President IBM Canada, about what differentiates Canadian managers. Financial Post Sun, 29 Nov 2009 09:51:13 -0500General Motors Co. confirmed Wednesday it will build the Buick Regal sedan at its Oshawa, Ont. assembly plant just east of Toronto, one of five vehicles the automaker commited to producing in Canada u... Financial Post Sun, 29 Nov 2009 09:51:12 -0500OTTAWA -- Earnings by Canadian companies rose in the third quarter of 2009 after three straight quarterly declines, Statistics Canada said Wednesday. Operating profits were up 7.9% to $54.1-billion d... Financial Post Sun, 29 Nov 2009 09:51:09 -0500WASHINGTON -- The number of U.S. workers filing new applications for jobless insurance tumbled last week to the lowest level in more than a year and consumer spending rose, adding to evidence the worl... Financial Post Sun, 29 Nov 2009 09:51:08 -0500The board of Cossette Inc. urged its shareholders Wednesday to reject an amended offer from Cosmos Capital Inc. made last week in favour of an identical deal from a U.S. firm, as a tug-of-war over the... Financial Post Sun, 29 Nov 2009 09:51:05 -0500LONDON -- Britain's economy shrank for a sixth consecutive quarter in the three months to September but at a slower pace than previously reported, keeping alive expectations of a return to growth befo... Financial Post Sun, 29 Nov 2009 09:51:01 -0500STOCKHOLM -- General Motors appears to still hope to sell its Swedish Saab Automobile unit despite a deal collapsing, a Swedish government official said on Wednesday. "I talked to GM last night and m... Financial Post Sun, 29 Nov 2009 09:51:00 -0500UBS AG plans to hire more than a dozen sales and trading staff to bolster its equities business in Canada over the next two years after receiving a record number of job requests from employees at riva... Financial Post Sun, 29 Nov 2009 09:50:59 -0500A surge in office construction in Toronto's downtown may push the city's vacancy rate higher than New York and Boston after developers added space during the first recession in 17 years. The prop... Financial Post Sun, 29 Nov 2009 09:50:57 -0500OTTAWA -- Saskatchewan will surpass Ontario this year as Canada's second-wealthiest province as measured by living standards, the result of a recession that has shown no mercy on the country's industr... Financial Post Sun, 29 Nov 2009 09:50:55 -0500TORONTO -- A potential labour disruption could be looming at Canadian National Railway Co. after the country's largest railway decided to unilaterally impose contract changes on 1,700 of its engineers... Financial Post Sun, 29 Nov 2009 09:50:53 -0500The Toronto Stock Exchange, along with most other market benchmarks around the globe, lost ground Tuesday in the face of evidence the U.S. economic recovery hasn’t been going as smoothly as once ... Financial Post Sun, 29 Nov 2009 09:50:52 -0500Platinum and palladium miners in North America form an exclusive club, to say the least. Right now, there is exactly one pure-play producer of the two metals operating in North America: Stillwater Mi... Financial Post Sun, 29 Nov 2009 09:50:51 -0500MONTREAL -- Despite posting losses in net earnings and revenues because of lower fuel margins in the United States and a weaker Canadian dollar, Alimentation Couche-Tard Inc., North America's largest ... Financial Post Sun, 29 Nov 2009 09:50:50 -0500In court documents, a judge said: "The technological advantage that allowed Rogers to represent that it has Canada's most reliable network has disappeared."... Financial Post Sun, 29 Nov 2009 09:50:49 -0500TORONTO - Telus Corp. brought a fresh idea to an old and contentious debate Tuesday that the telecommunications giant says will open up tens of millions of dollars to assist Canada's ailing broadcast ... Financial Post Sun, 29 Nov 2009 09:50:47 -0500TORONTO -- Canadian officials have approved a landmark search advertising deal between Microsoft Corp. and Yahoo Inc., but the deal still faces potential antitrust hurdles in both the United States an... Financial Post Sun, 29 Nov 2009 09:50:45 -0500NEW YORK -- Microsoft Corp's Chief Financial Officer Chris Liddell is to leave the company at the end of the year, indicating that he is looking for a bigger job at another company. Mr. Liddell, 51, ... Financial Post Sun, 29 Nov 2009 09:50:44 -0500A picture taken on November 8, 2009, in Paris shows an image from the "Facebook" page of French President Nicolas Sarkozy, called "Memories of the fall of the Berlin wall, on November 9, 1989." The ..... Financial Post Sun, 29 Nov 2009 09:50:43 -0500Torstar Corp.'s Toronto Star, Canada's biggest newspaper, which plans to cut 78 editing jobs, or about a fifth of its editorial staff, to reduce expenses by $4-million annually, will contract out the ... Financial Post Sun, 29 Nov 2009 09:50:41 -0500Federal Reserve officials are increasingly confident in a durable recovery for the U.S. economy, even though they do not see employment picking up soon, according to minutes from their November ... Financial Post Sun, 29 Nov 2009 09:50:40 -0500The Sri Lankan-born billionaire is the most prominent of 20 people who face criminal or civil charges in the largest U.S. hedge fund insider trading case on record and Wall Street’s first insider ..... Financial Post Sun, 29 Nov 2009 09:50:37 -0500STOCKHOLM -- Sweden effectively ruled out a state bailout of GM's loss-making Saab unit on Tuesday after tiny luxury car firm Koenigsegg pulled out of a bid for one of the Nordic country's best-known ... Financial Post Sun, 29 Nov 2009 09:50:35 -0500OTTAWA -- The robust retail data for September suggest domestic consumption was strong enough to help Canada post positive growth for the third quarter and, technically, pull the country out of a rece... Financial Post Sun, 29 Nov 2009 09:50:34 -0500Apartments on Isabella Street in Toronto, Ont. Apartment buildings generally held their value through the recession. Brett Gundlock/National Post Ugo Bizzarri's Timbercreek Asset Management Inc. ... Financial Post Sun, 29 Nov 2009 09:50:33 -0500SHANGHAI/HONG KONG -- Chinese banks, under government pressure to shore up their finances, are set to unleash a wave of billions of dollars in capital raising that could strain equity markets but also... Financial Post Sun, 29 Nov 2009 09:50:31 -0500DUBLIN -- Irish teachers shut schools, nurses left wards and civil servants abandoned offices on Tuesday in a protest against government plans to cut pay and prevent the national debt from spiralling ... Financial Post Sun, 29 Nov 2009 09:50:28 -0500MOSCOW -- Russia's central bank on Tuesday unveiled a widely-expected interest rate cut, its ninth since April, in a bid to slow down the appreciation of the rouble and support the economy's still fra... Financial Post Sun, 29 Nov 2009 09:50:27 -0500Investors have already endured a stock market bubble. Now they're in the middle of a bond market bubble. So many have stampeded to the supposed safety of bonds - especially government bonds - they ha... Financial Post Sun, 29 Nov 2009 09:50:26 -0500In move to establish an investment management beach head in the fast growing Chinese market, Manulife Financial Corp. said it plans to acquire a 49% stake in a Chinese wealth management company, broad... Financial Post Sun, 29 Nov 2009 09:50:25 -0500 |
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