Top Stories: The Ford Motor Co in the US has offered over 40,000 factory workers special buyouts to reduce its payroll costs. Big News Network.com Tue, 22 Dec 2009 08:11:55 -0500Singapore and the European Union are going to enter negotiations for a free trade deal. Big News Network.com Tue, 22 Dec 2009 07:46:28 -0500The Office of Fair Trading in the UK has decided it will drop its investigation into bank overdraft charges. Big News Network.com Tue, 22 Dec 2009 07:38:33 -0500The Federal Bureau of Investigation in the US has been asked to investigate whether hackers specifically targeted Citigroup to steal tens of million of dollars. Big News Network.com Tue, 22 Dec 2009 04:06:41 -0500President Barack Obama is sitting down on Tuesday with representatives of small and community banks. Big News Network.com Tue, 22 Dec 2009 04:00:16 -0500The shuttle car service through the Eurotunnel has been closed to new vehicles. Big News Network.com Mon, 21 Dec 2009 17:34:24 -0500Dubai World has met its creditors to discuss its debt repayment plan. Big News Network.com Mon, 21 Dec 2009 17:29:00 -0500The US pay czar, Kenneth Feinberg, has decided to allow American International Group to allow an executive employee to receive a grant of stock salary and an annual bonus incentive in the form of long-term stock. Big News Network.com Mon, 21 Dec 2009 17:21:36 -0500General Motors in the US has appointed the chief financial officer of Microsoft as its new finance chief. Big News Network.com Mon, 21 Dec 2009 17:38:41 -0500Heavy snow sweeping over the US East Coast has stifled retail sales. Big News Network.com Mon, 21 Dec 2009 17:13:58 -0500Media companies however were under pressure following three high-profile bankruptcies. Big News Network.com Mon, 21 Dec 2009 14:48:06 -0500New York, Dec 22 (DPA) US stocks experienced modest gains Monday amid further signs the economy is recovering from the worst downturn in decades as the holiday shopping season hit full stride. IANS Tue, 22 Dec 2009 00:30:02 -0500Los Angeles, Dec 22 (DPA) 'Avatar', the new movie by 'Titanic' director James Cameron, broke the US record for new releases in December, earning $77.3 million on its debut weekend, Twentieth Century Fox said Monday. IANS Mon, 21 Dec 2009 16:50:03 -0500WASHINGTON - The economy grew at a 2.2 percent pace in the third quarter, as the recovery got off to a weaker start than previously thought. However, all signs suggest the economy will end the year o... Star Tribune Tue, 22 Dec 2009 09:01:01 -0500ALBANY, N.Y. - Using federal stimulus money to avoid layoffs at schools is going to create a shortfall even more difficult for states and schools to contend with when that money runs out, according t... Star Tribune Tue, 22 Dec 2009 09:00:59 -0500WASHINGTON - The FBI is investigating a hacker attack on Citigroup Inc. that led to the theft of tens of millions of dollars, The Wall Street Journal reported Tuesday. MSNBC Tue, 22 Dec 2009 08:57:08 -0500U.S. stocks are poised to continue a positive start to a holiday-shortened week when the market opens on Tuesday, with futures firmer and investors expected to focus on a clutch of economic data. ... MarketWatch Tue, 22 Dec 2009 08:55:13 -0500TEL AVIV (MarketWatch) -- Stocks expected to move significantly in trading on Tuesday include the Internet travel companies as well as AOL, Jabil Circuit, Navistar, State Street and Take-Two. Amk... MarketWatch Tue, 22 Dec 2009 08:55:10 -0500Nissan reported year-on-year rises in global production and a rebound in domestic sales.Toyota, the world's biggest carmaker, said global production had jumped 22% from a year earlier, the first rise ... Guardian Tue, 22 Dec 2009 08:51:40 -0500Naomi Klein's No Logo with the kind of veracity with which I used to read Agatha Christie mysteries at the age of 12; I felt like I already knew the story. It wasn't as if the information she presente... Guardian Tue, 22 Dec 2009 08:51:36 -0500LUANDA -- OPEC oil producers agreed on Tuesday to keep their supply curbs unchanged but may face an uphill battle to improve compliance with those restrictions if they want to drain bulging global fue... Financial Post Tue, 22 Dec 2009 08:30:19 -0500National Bank Financial Inc. has agreed to pay $75-million, while Canadian Imperial Bank of Commerce and its capital markets arm will hand over $22-million in settlements with regulators related to th... Financial Post Tue, 22 Dec 2009 08:30:17 -0500ATHENS -- Moody's Investors Service cut Greece's debt rating on Tuesday but partially reassured financial markets by saying the country remained far from a crisis, igniting a rally in Greek bonds and ... Financial Post Tue, 22 Dec 2009 08:30:14 -0500Only allowing Chinese viewers to access sites registered on a whitelist would give Chinese authorities much greater control, but would also block millions of completely innocuous sites. Financial Post Tue, 22 Dec 2009 08:30:13 -0500EDMONTON -- Canadians who have profited from how our financial institutions weathered the global economic crisis wonder whether the punch bowl has been removed and the investment party is over. Since... Financial Post Tue, 22 Dec 2009 08:30:07 -0500Think of Canada's housing market as a ticking time bomb. Think of Finance Minister Jim Flaherty as the unlucky bomb disposal expert called in to deal with the problem. Flaherty is moving slowly - oh,... Financial Post Tue, 22 Dec 2009 08:30:05 -0500DETROIT/SEATTLE -- General Motors Co has hired Chris Liddell, the chief financial officer of Microsoft Corp, as its new finance chief, filling a key position with the automaker's highest-profile hire ... Financial Post Tue, 22 Dec 2009 08:30:03 -0500NEW YORK -- Santa came early for Wall Street this year by giving the S&P 500 a 22% gain for 2009, and with just eight trading days left in the year, stock investors are not expecting to find much ... Financial Post Tue, 22 Dec 2009 08:30:00 -0500Galleon hedge fund founder Raj Rajaratnam, right, and co-defendant Danielle Chiesi asserted their innocence Monday to charges of securities fraud, in what U.S. prosecutors describe as the biggest ... Financial Post Tue, 22 Dec 2009 08:29:57 -0500Canada's top benchmark exchange closed higher yesterday, as retail sales and consumer confidence climbed and prospects for economic growth in Europe improved. The S&P/TSX composite index added 91... Financial Post Tue, 22 Dec 2009 08:29:55 -0500The surprise new offer from Spyker — which made 43 luxury cars last year against Saab’s sales of 93,295 — came just two days after talks with GM over a rescue of the loss-making Swedish manufact... Financial Post Tue, 22 Dec 2009 08:29:52 -0500OTTAWA -- Consumer confidence rose in December following two months of declines, the Conference Board of Canada said Monday. The results of the board's monthly survey showed the greatest gains in exp... Financial Post Tue, 22 Dec 2009 08:29:50 -0500Merck & Co.'s Schering-Plough unit sued Canadian generic drugmaker Apotex Inc. in an effort to stop a copy of the Nasonex allergy inhaler from being marketed. Closely-held Apotex is seeking U.S. ... Financial Post Tue, 22 Dec 2009 08:29:45 -0500TLC Vision Corp. has agreed to sell its six laser eye centres in Canada as part of a pre-arranged creditor protection filing on Monday that will see the eye-care company emerge as a private entity. ... Financial Post Tue, 22 Dec 2009 08:29:40 -0500SAO PAULO -- Wal-Mart Stores, the world's largest retailer, will invest up to 2.2 billion reais (US$1.2-billion) in Brazil next year, the largest-ever expansion plan by the company in Latin America's ... Financial Post Tue, 22 Dec 2009 08:29:34 -0500Avaya Inc. plans to keep about 500 more employees than anticipated in the corporate-phone equipment unit bought from Nortel Networks Corp. last week, adding staff as the business improves. "We'll... Financial Post Tue, 22 Dec 2009 08:29:31 -0500Hammerson PLC, the part-owner of London's Brent Cross shopping centre, and Canada Pension Plan Investment Board bought Scotland's second-largest shopping mall for 297 million pounds (US$479-million.) ... Financial Post Tue, 22 Dec 2009 08:29:28 -0500BOSTON -- Healthcare shares rose on Monday as a bill to reform healthcare passed the first critical test in the Senate, putting it on track to be passed by Christmas and easing uncertainty over the im... Financial Post Tue, 22 Dec 2009 08:29:26 -0500Ritchie Bros. Auctioneers, a Canadian equipment auction company, set a new record for online sales in 2009 as it introduced a more streamlined version of its web-based bidding software. The company, ... Financial Post Tue, 22 Dec 2009 08:29:23 -0500Michael Nobrega, president and chief executive of Ontario Municipal Employees Retirement System (OMERS), wants the Ontario government to enact legislative changes immediately to make it easier for ... Financial Post Tue, 22 Dec 2009 08:29:21 -0500Competition will be the watchword for Canada's wireless industry next year, as established players face off against a cast of new entrants poised to steal market share. While the current operators ar... Financial Post Tue, 22 Dec 2009 08:29:18 -0500OTTAWA - As we head into the Christmas week, there will be a few more nuggets of economic data to chew on alongside your turkey and stuffing. Just as stores throughout the country are dealing with th... Financial Post Tue, 22 Dec 2009 08:29:15 -0500NEW YORK -- U.S. stock index futures were higher Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors. The heal... Financial Post Tue, 22 Dec 2009 08:29:12 -0500CHICAGO -- Walgreen Co WAG.N, the largest U.S. drugstore chain, reported a nearly 20% jump in quarterly profit as growth in sales of prescription drugs and flu shots offset the hit from consumers cutt... Financial Post Tue, 22 Dec 2009 08:29:11 -0500LONDON -- Oil held firm above US$73 a barrel on Monday after a 1% rise in the previous session as Iranian troops partly withdrew from a disputed oil area in Iraq, easing tensions between two major cru... Financial Post Tue, 22 Dec 2009 08:29:08 -0500You still have a few more days to buy two toys for each child on your Christmas list. Make a gift of one, and hide away the other toy unopened in its original box for 20 years. In 2029, give the now-g... Financial Post Tue, 22 Dec 2009 08:29:05 -0500Former British prime minister Harold Wilson once observed that a week is a long time in politics. When Barack Obama comes home to Hawaii next Wednesday for his Christmas vacation, likely staying in th... Financial Post Tue, 22 Dec 2009 08:29:02 -0500It's the busiest time of the year for Moya Greene, chief executive of Canada Post Corp. As Christmas draws near, her employees are sorting through more than 60 million pieces of mail, parcels and mes... Financial Post Tue, 22 Dec 2009 08:29:00 -0500Holiday spending is rising again thanks to the end of the recession, but are we really getting our money's worth? A new study by the Bank of Nova Scotia says Canadians will spend $891 this holida... Financial Post Tue, 22 Dec 2009 08:28:57 -0500There's a simple way to give, then there's the 'leveraged' donation tax shelter -- a scheme that can get you in trouble with the tax man, Jamie Golombek writes. Financial Post Tue, 22 Dec 2009 08:28:53 -0500Another subdued week for Canadian stocks ended on a slight sour note Friday, despite big gains from Research in Motion Ltd. After early gains vanished in late day trading, the S&P/TSX composite i... Financial Post Tue, 22 Dec 2009 08:28:46 -0500Doug Silver felt he had to do something. In the mining royalty business, his company International Royalty Corp. (IRC) is much smaller than competitors Royal Gold Inc. and Franco-Nevada Corp., and th... Financial Post Tue, 22 Dec 2009 08:28:44 -0500General Motors will wind down operations at its loss-making Swedish unit Saab after an attempt to sell it to small Dutch luxury carmaker Spyker Cars failed. Financial Post Tue, 22 Dec 2009 08:28:42 -0500Want to find a great long-term investment? Look for an annual report that treats you like a human being. Most don't. The standard-issue annual report features heroic photos of the CEO, staged snapsho... Financial Post Tue, 22 Dec 2009 08:28:37 -0500The Ontario Securities Commission said Friday it will hold hearings next week to consider settlements with CIBC and CIBC World Markets and HSBC Bank Canada over their role in the sale of third-party .... Financial Post Tue, 22 Dec 2009 08:28:34 -0500OTTAWA -- Canada's federal budget deficit grew by $3.3-billion in October, an improvement of sorts after four consecutive months of running shortfalls of at least $5-billion, data from the Department ... Financial Post Tue, 22 Dec 2009 08:28:31 -0500The regulator for the telecommunications industry is once more weighing whether to permit a new cellphone firm to launch services or not. This time, Public Mobile Inc. has been called in front of... Financial Post Tue, 22 Dec 2009 08:28:29 -0500WASHINGTON -- Major U.S. airlines have mounted a legal challenge to European Union regulations that would cap allowable jetliner emissions and force carriers to pay up for exceeding limits. The Air T... Financial Post Tue, 22 Dec 2009 08:28:27 -0500Royal Bank of Scotland Group PLC, recipient of the world's biggest banking bailout, is contributing 10-pounds (US$16) a head toward employee Christmas parties this year, enough to buy two pints of lag... Financial Post Tue, 22 Dec 2009 08:28:20 -0500Prime Minister of the United Kingdom Gordon Brown. Britain's public sector net borrowing hit its highest ever monthly level in November, taking total outstanding net debt to a record 60.2% of economic... Financial Post Tue, 22 Dec 2009 08:28:15 -0500OTTAWA -- The value of Canada's wholesale trade rose less than expected in October, as declines in the food and beverages sector countered gains by auto-related sales. Sales edged up 0.3% to $41.... Financial Post Tue, 22 Dec 2009 08:28:13 -0500George Cope, chief executive, said on a conference call BCE will raise its dividend for the second time since August, this time by a better-than-expected 7% to $1.74 a share next year. Financial Post Tue, 22 Dec 2009 08:28:08 -0500A new natural-gas shale play, akin to the Horn River gas field in northwestern British Columbia, is emerging in Alberta, and explorers made a multi-million gamble on the zone earlier this week. Financial Post Tue, 22 Dec 2009 08:28:03 -0500The U.K banking watchdog has hit Toronto-Dominion Bank with a $12-million fine, one of its largest ever, for repeated systems failures around to the pricing of credit derivatives. This is the second ... Financial Post Tue, 22 Dec 2009 08:28:00 -0500LONDON -- The euro clawed back some of its recent steep losses against the dollar and yen on Friday and rose off nine-month lows versus the Swiss franc while higher oil prices pushed European stocks h... Financial Post Tue, 22 Dec 2009 08:27:57 -0500Pat Daniel, Enbridge’s chief executive, said the company will spend between $1.5-billion and $2-billion on renewable power projects over the period. Financial Post Tue, 22 Dec 2009 08:27:51 -0500Canadian stocks were hit hard on Thursday, as investors fled from commodities like oil and gold in favour of the rallying greenback. The S&P/TSX composite index was down 163.98 points, or 1.4%, t... Financial Post Tue, 22 Dec 2009 08:27:50 -0500LONDON -- British Airways Plc won a court ruling on Thursday to prevent a 12-day cabin crew strike that threatened to strand hundreds of thousands of passengers over Christmas. BA cabin crew had said... Financial Post Tue, 22 Dec 2009 08:27:46 -0500Transat A.T. turned in a much stronger-than-expected earnings Thursday as the country's largest travel tour operator delivered on its promise to manage its costs and scale back its capacity to help fi... Financial Post Tue, 22 Dec 2009 08:27:45 -0500OTTAWA -- Canada's annual rate of inflation rose for a second straight month in November, led by higher gasoline prices. Statistics Canada said Thursday its consumer price index rose to 1% during... Financial Post Tue, 22 Dec 2009 08:27:44 -0500Greg Wilkins, the former chief executive of Barrick Gold Corp. and a leader in Canadian business, passed away on Wednesday after a battle with cancer. He was 53. Financial Post Tue, 22 Dec 2009 08:27:39 -0500Thousands of BlackBerry users across North and South America were left in the dark Thursday as the company reported a widespread email outage. Corporate customers should not have any interruption in .... Financial Post Tue, 22 Dec 2009 08:27:38 -0500The statistics may not show it yet but real estate company CB Richard Ellis says there are signs the leasing market may be improving. "An increase in leasing activity and improved access to capit... Financial Post Tue, 22 Dec 2009 08:27:36 -0500NEW YORK/CHARLOTTE, North Carolina -- Bank of America Corp on Wednesday tapped insider Brian Moynihan as its next chief executive, ending months of speculation about who would succeed Kenneth Lewis to... Financial Post Tue, 22 Dec 2009 08:27:32 -0500Scottish low-cost carrier Flyglobespan has collapsed after its parent company suffered liquidity issues, the company said on its website. The Globspan Group and Alba Ground Handling Ltd entered i... Financial Post Tue, 22 Dec 2009 08:27:29 -0500CHICAGO -- Coca-Cola Enterprises Inc raised its profit outlook for 2009 and said earnings should rise in a high single-digit percentage rate in 2010 as it works on drawing consumers to its drinks. ... Financial Post Tue, 22 Dec 2009 08:27:25 -0500Ontario's Crown corporations could turn into the crown jewels for Canadian pension plans, with two of the largest signalling Wednesday that they would be interested in any move toward privatization of... Financial Post Tue, 22 Dec 2009 08:27:23 -0500As the struggle for supremacy in the burgeoning market for e-book readers intensifies, it's shaping up to be a battle between the Kindle and the rest of the world. Although Amazon.com Inc. recently r... Financial Post Tue, 22 Dec 2009 08:27:20 -0500In a forecast for the law firm Bennett Jones LLP, where he is a senior advisor, David Dodge wrote that the Canadian economy should grow at an annualized 3-1/2% in the first half of 2010. Financial Post Tue, 22 Dec 2009 08:27:17 -0500TORONTO -- Startup cellphone carrier WIND Mobile says it will sell handsets at cost while offering customers pricing plans for "unlimited" voice and data services for far less money than its rival inc... Financial Post Tue, 22 Dec 2009 08:27:12 -0500OTTAWA -- Bank of Canada governor Mark Carney Wednesday asked the country's financial institutions to uphold their global reputation as sterling risk managers and exercise caution in their lending to ... Financial Post Tue, 22 Dec 2009 08:27:07 -0500Canada's top benchmark exchange gained for the second time this week, as energy stocks soared on better-than-expected data for oil and gas stockpiles south of the border and miners benefited from anot... Financial Post Tue, 22 Dec 2009 08:26:38 -0500Canada Mortgage and Housing Corp. said the vacancy rate across the country’s 35 biggest urban centres was 2.8% as of October this year, up from 2.2% a year earlier. Financial Post Tue, 22 Dec 2009 08:26:33 -0500Lehman, the investment bank liquidating in bankruptcy, asked U.S. Bankruptcy Judge James Peck in New York last month for permission to pay the bonuses to about 230 full-time employees unwinding the ..... Financial Post Tue, 22 Dec 2009 08:26:28 -0500The Bank of Nova Scotia is said to be among the bidders for a stake in one of Thailand's biggest banks. Thailand's central bank is seeking about US$1-billion for a 47.6% stake in Siam City Bank PLC, ... Financial Post Tue, 22 Dec 2009 08:26:27 -0500WASHINGTON -- New home construction rose less than expected last month, while consumer prices increased marginally, suggesting little urgency for the Federal Reserve to raise interest rates sooner as ... Financial Post Tue, 22 Dec 2009 08:26:24 -0500LONDON -- Global equities edged higher on Wednesday, led by banks after a report that global banking regulators are eyeing delaying the implementation of new capital rules, while gold and crude prices... Financial Post Tue, 22 Dec 2009 08:26:20 -0500OTTAWA -- Factory sales rose more than expected in October, lifted by aerospace and petroleum and coal products, Statistics Canada reported Wednesday. Sales were up 2% during the month to $42.5-b... Financial Post Tue, 22 Dec 2009 08:26:15 -0500What a difference a year makes. Last November, the economy was said to be on the verge of the next Great Depression, sucking the life out of a housing market that was coming off a record year in 2007.... Financial Post Tue, 22 Dec 2009 08:26:13 -0500OTTAWA -- Fewer Canadians planned and saved for retirement in 2009 as economic uncertainty shifted financial priorities in some Canadian households, according to the RBC's annual RRSP poll released We... Financial Post Tue, 22 Dec 2009 08:26:06 -0500"I'm confident in the opportunity that our company has in the coming quarters and years ahead in creating sustainable value," Darren Entwistle, the chief executive of Telus Corp., said. Financial Post Tue, 22 Dec 2009 08:26:03 -0500The recovery in existing sales so far has had a narrow direct effect on the wider economy but as the market begins to recover it can lead to stronger prices and convince builders to begin construction... Financial Post Tue, 22 Dec 2009 08:25:58 -0500General Motors Corp. will move much quicker than originally planned to repay loans it received from the governments of the United States, Canada and Ontario during its bankruptcy restructuring, saying... Financial Post Tue, 22 Dec 2009 08:25:56 -0500TORONTO -- Flow-through shares are an excellent way for Canadian investors who capitalized on the market rebound this year to save on tax bills. But they will have to hurry because time has almost run... Financial Post Tue, 22 Dec 2009 08:25:54 -0500The McKenzie Delta, location of the delayed Mackenzie natural gas pipeline. After decades of setbacks, work on the pipeline has not started, and it's not entirely clear it ever will. Financial Post Tue, 22 Dec 2009 08:25:51 -0500Boeing Co.'s 787 Dreamliner took off on its maiden flight today, more than two years late, starting a testing process that will last at least nine months before the new plane enters service. The ... Financial Post Tue, 22 Dec 2009 08:25:49 -0500A slow day on Canada's top benchmark exchange saw stocks almost unchanged, as rising oil prices after nine consecutive days of losses was cancelled out by a drop in gold. "The rise in oil was better ... Financial Post Tue, 22 Dec 2009 08:25:47 -0500Toyota's first plug-in model, the Prius Plug-In Hybrid (PHV), adds an external charging function and more batteries to the popular Prius to enable longer-distance driving on electricity alone. Financial Post Tue, 22 Dec 2009 08:25:46 -0500The number of bankruptcies filed by consumers and businesses dropped 27.7% to 9,245 in October from the previous month, and were down 2.4% from a year ago. Financial Post Tue, 22 Dec 2009 08:25:45 -0500 | 
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