Top Stories: The annual contest for the Green Car of the Year in the US has gone to a 5-passenger hatchback. Big News Network.com Sun, 06 Dec 2009 06:31:29 -0500Foreign workers have been leaving Dubai in droves, leaving cranes and construction sites behind. Big News Network.com Sun, 06 Dec 2009 06:26:45 -0500China's state-owned Yanzhou Coal has been given permission to take over Australian miner Felix Resources Ltd. Big News Network.com Sun, 06 Dec 2009 06:19:40 -0500The BBC has reported that UK shadow chancellor George Osborne has said he would consider a windfall tax on bank profits if the Tories win the next election. Big News Network.com Sun, 06 Dec 2009 06:13:47 -0500More than one-quarter of homeowners receiving help under a US have now fallen behind on their re-negotiated mortgages. Big News Network.com Sat, 05 Dec 2009 23:55:55 -0500The Japanese government has said it will guarantee loans and other funds provided by financial institutions to Japan Airlines. Big News Network.com Sat, 05 Dec 2009 23:48:25 -0500A store in Sweden has decided to take North Korean clothing off its shelves. Big News Network.com Sat, 05 Dec 2009 23:42:29 -0500Authorities in Italy have seized works of art belonging the convicted founder of Italian firm Parmalat, Calisto Tanzi. Big News Network.com Sat, 05 Dec 2009 18:40:55 -0500The Chinese government has expressed fears that the revaluation of gold to its historic high could simply be another example of exhuberent speculation. Big News Network.com Sat, 05 Dec 2009 18:24:22 -0500Apple Inc has purchased online music company Lala Media Inc in an expansion of its media arm. Big News Network.com Sat, 05 Dec 2009 18:17:55 -0500DUBAI, United Arab Emirates ? Kuwait's sovereign wealth fund said Sunday it booked a profit of $1.1 billion by selling the stake it took in Citigroup Inc. less than two years ago when the bankin... Sign on San Diego Sun, 06 Dec 2009 11:21:44 -0500WASHINGTON - President Barack Obama is trying to rally Senate Democrats as they work through the weekend in hopes of settling differences on his broad health care overhaul. He planned to appear at a... Star Tribune Sun, 06 Dec 2009 11:16:52 -0500Groomed for public offering: Madame Tussauds owner Merlin Entertainment is one company tipped to float next year as the private equity industry takes advantage of rising markets. Photograph: Joel Ryan... Guardian Sun, 06 Dec 2009 11:08:57 -0500Nicolas Sarkozy has had buckets of British ordure poured over his head for his attack on the "excesses of freewheeling" Anglo-Saxon financial capitalism, asserting that the European economic model has... Guardian Sun, 06 Dec 2009 11:08:53 -0500City of Industry, CA --(www.FinancialNewsUSA.com)-- 12/06/2009 - Earnings industry news provided by Financial News USA. Shares plunged in Finisar Corp. on Friday after the networking-components maker ... Financial News USA Sun, 06 Dec 2009 11:08:25 -0500ST. LOUIS - A consumer group contends one of the holiday season's must-have toys is unsafe. But the maker of the robotic Zhu Zhu Pets hamsters defended its product Saturday against a study by San Fr... Star Tribune Sun, 06 Dec 2009 09:53:22 -0500(MENAFN) Yahoo! Inc. said that it has finalized and executed the online search and advertising deal with software giant Microsoft Corp., expected to close the in early 2010, Reuters reported.In a join... MENAFN Sun, 06 Dec 2009 08:27:16 -0500U.S. stocks finished higher in choppy trade Friday as the impact of a better-than-expected November jobs report was offset by concerns the Federal Reserve will hike interest rates sooner than expected... eTaiwan News Sun, 06 Dec 2009 07:11:09 -0500Jean Borlée is standing in a prairie field dotted with pumpjacks, round bales of hay, cattle and cow pies because his company, Luxembourg's steel giant ArcelorMittal, needs help. He has made the lon... Financial Post Sun, 06 Dec 2009 06:42:02 -0500The biggest waste of money on the planet has to be a new car -- the moment you drive it off the lot, it starts depreciating. All I need is a clunker as long as my air-conditioning works for humid... Financial Post Sun, 06 Dec 2009 06:41:59 -0500The stunningly strong November jobs data from Canada and the United States has kicked off a fresh round of speculation as to when the two countries’ central banks will begin hiking their key interes... Financial Post Sun, 06 Dec 2009 06:41:52 -0500NEW YORK -- Gold's record rally deflated on Friday, as prices tumbled as much as 5% after a dollar rally triggered by better than expected U.S. data sent investors racing to cut positions. Gold poste... Financial Post Sun, 06 Dec 2009 06:41:51 -0500Canadian stocks fell on Friday, as gold tumbled after a stellar jobs report south of the border lifted the U.S. dollar. The S&P/TSX composite index fell for the second straight day, shedding 125.... Financial Post Sun, 06 Dec 2009 06:41:49 -0500OTTAWA - An overwhelming majority of people in Ontario and British Columbia oppose the HST, with most believing the biggest winners from the new tax will be the provincial and federal governments, acc... Financial Post Sun, 06 Dec 2009 06:41:47 -0500General Motors of Canada Ltd. said Friday it will take complete ownership of CAMI Automotive Inc., buying out Suzuki Motor Corporation's 50% stake in the plant. The move eliminates Suzuki from the Ca... Financial Post Sun, 06 Dec 2009 06:41:44 -0500Federal investigators suspected a decade ago that Galleon Group hedge fund founder Raj Rajaratnam was trading on inside information but were unable to prove he was breaking the law. Financial Post Sun, 06 Dec 2009 06:41:42 -0500Royal Bank of Canada, Canada's largest bank by assets, said fourth-quarter profit rose 10%, driven by earnings from Canadian consumer lending and money management. Financial Post Sun, 06 Dec 2009 06:41:41 -0500DETROIT -- General Motors Co Chairman and chief executive Ed Whitacre announced a broad shake-up of the automaker's senior leadership on Friday, tightening his grip on the company three days after rep... Financial Post Sun, 06 Dec 2009 06:41:36 -0500TORONTO -- Barrick Gold said on Friday that a U.S. Appeals Court judge has ruled that Barrick's Cortez Hills gold project in northeast Nevada requires additional environmental analysis to be conducted... Financial Post Sun, 06 Dec 2009 06:41:35 -0500LONDON -- British finance minister Alistair Darling will next week stake his government's future on tax rises for the rich to pay for continued support for the recession-hit economy and to bring down ... Financial Post Sun, 06 Dec 2009 06:41:33 -0500Curing economic problems is not easy In some ways it is like using a new drug on a sick patient. The treatment was started in March. It has not killed the patient. Nor has the patient been sudd... BBC Sun, 06 Dec 2009 06:14:51 -0500The Japanese government is to guarantee 700bn yen ($7.7bn; £4.7bn) in loans and other funds from financial bodies to keep Japan Airlines going, reports say.Funding will come from an extra budget... BBC Sun, 06 Dec 2009 06:14:50 -0500A Swedish department store has cancelled what was to have been North Korea's debut in high-end Western fashion. Stockholm's PUB store removed the sales space for Noko Jeans, made in the hardline commu... BBC Sun, 06 Dec 2009 06:14:49 -0500India and other fast-growing emerging nations are coming under pressure to cut greenhouse gas emissions and step up their environmental legislation. But the cost of doing this could be weaker economic... BBC Sun, 06 Dec 2009 06:14:48 -0500ALLENTOWN, Pa. — President Obama came to this aging factory town in Pennsylvania’s Rust Belt on Friday to promote his efforts to revitalize the American economy, and wound up with an ear... Gadsden Times Sun, 06 Dec 2009 05:06:51 -0500Microsoft and Yahoo have finally completed their much-publicised deal which will see the former’s Bing search technology powering Yahoo search.In a brief statement yesterday the two tech giants... Infomatics Sun, 06 Dec 2009 04:08:44 -0500The one-off measure is one of several apparently being planned by the Chancellor to raise cash from Britain's wealthiest individuals. The speculation will dismay the City but appeal to taxpayers furi... Sky News Sun, 06 Dec 2009 02:55:30 -0500A woman took the stage of a Seattle design conference in 1995 and smashed a computer to smithereens with a sledgehammer. Passions were raging full-boil during the so-called legibility wars, as traditi... Wired News Sun, 06 Dec 2009 00:02:22 -0500The U.S. dollar pared its earlier losses against major currencies at the end of the week as the latest nonfarm employment report was much better than expected, suggesting that the U.S. Federal Reserve... People's Daily Sat, 05 Dec 2009 23:39:56 -0500As she prepared her daughter for college, Anne Sweeney insisted that a television be among the dorm room accessories. "Mom, you don't understand. I don't need it," her 19-year-old responded... Star Tribune Sat, 05 Dec 2009 23:18:37 -0500It drives me crazy that the folks in Congress are always making speeches that Americans need to save more for their retirement. But then they leave in place pension laws with far too many twists and t... Star Tribune Sat, 05 Dec 2009 23:18:35 -0500BANKRUPTCY ADVICE CLINIC Who: The clinic, manned by volunteer attorneys, sees low-income Minnesotans filing for bankruptcy without a lawyer. The clinic also meets with pro se creditors. What: The cli... Star Tribune Sat, 05 Dec 2009 23:18:34 -0500Gold, which has repeatedly hit record nominal peaks, is a plausible candidate. Like a dot-com stock, it seems to lack any valuation constraints. Another option is emerging markets. Equities in develo... Star Tribune Sat, 05 Dec 2009 23:18:31 -0500MINNESOTA'S 16 S&P 500 PLAYERS The 16 Minnesota-based companies in the Standard & Poor's 500 Index garner the most investor interest and analyst coverage. Friday 12-month Market Analysts C... Star Tribune Sat, 05 Dec 2009 23:18:30 -0500DETROIT- The signs of change were everywhere during a recent visit to General Motors' Detroit headquarters: blue jeans. An employee memo earlier this month from GM's Mary Barra, vice president of glo... Star Tribune Sat, 05 Dec 2009 23:18:26 -0500As car manufacturers roll out their newest models at the L.A. Auto Show, U.S. automakers have a chance to re-introduce themselves to car buyers looking for higher mileage for lower prices. Ben Tracy r... CBS News Sat, 05 Dec 2009 22:44:48 -0500AOL customers who sprang for the company’s $10 “PassCode” security token to harden their account can get ready to toss their fancy crypto-numeric keyfobs in the same landfill as all ... Wired News Sat, 05 Dec 2009 22:40:14 -0500MINERAL POINT, Wis. - A 15-year-old cheddar made in Wisconsin, possibly the most mature cheese for sale in the country, is selling well despite the $50-per-pound price tag, its producer said Saturday... Star Tribune Sat, 05 Dec 2009 21:50:43 -0500Jean Borlée is standing in a prairie field dotted with pumpjacks, round bales of hay, cattle and cow pies because his company, Luxembourg's steel giant ArcelorMittal, needs help. He has made the lon... Financial Post Sat, 05 Dec 2009 21:23:17 -0500The biggest waste of money on the planet has to be a new car -- the moment you drive it off the lot, it starts depreciating. All I need is a clunker as long as my air-conditioning works for humid... Financial Post Sat, 05 Dec 2009 21:23:15 -0500The stunningly strong November jobs data from Canada and the United States has kicked off a fresh round of speculation as to when the two countries’ central banks will begin hiking their key interes... Financial Post Sat, 05 Dec 2009 21:23:10 -0500NEW YORK -- Gold's record rally deflated on Friday, as prices tumbled as much as 5% after a dollar rally triggered by better than expected U.S. data sent investors racing to cut positions. Gold poste... Financial Post Sat, 05 Dec 2009 21:23:09 -0500Canadian stocks fell on Friday, as gold tumbled after a stellar jobs report south of the border lifted the U.S. dollar. The S&P/TSX composite index fell for the second straight day, shedding 125.... Financial Post Sat, 05 Dec 2009 21:23:07 -0500OTTAWA - An overwhelming majority of people in Ontario and British Columbia oppose the HST, with most believing the biggest winners from the new tax will be the provincial and federal governments, acc... Financial Post Sat, 05 Dec 2009 21:23:02 -0500General Motors of Canada Ltd. said Friday it will take complete ownership of CAMI Automotive Inc., buying out Suzuki Motor Corporation's 50% stake in the plant. The move eliminates Suzuki from the Ca... Financial Post Sat, 05 Dec 2009 21:22:57 -0500DETROIT -- General Motors Co Chairman and chief executive Ed Whitacre announced a broad shake-up of the automaker's senior leadership on Friday, tightening his grip on the company three days after rep... Financial Post Sat, 05 Dec 2009 21:22:40 -0500TORONTO - November housing sales across the country are set to reach new highs based on fresh data from the country's two most expensive markets. The national numbers from the Ottawa-based Canadian R... Financial Post Sat, 05 Dec 2009 21:22:33 -0500OTTAWA -- The Conservative government might be forced to think the unthinkable: a rise in the GST. An increasing number of economists believe a hike, even a temporary one, is the only way Canada is g... Financial Post Sat, 05 Dec 2009 21:22:25 -0500LONDON -- British finance minister Alistair Darling will next week stake his government's future on tax rises for the rich to pay for continued support for the recession-hit economy and to bring down ... Financial Post Sat, 05 Dec 2009 21:22:21 -0500TORONTO - Shares in Canadian Imperial Bank of Commerce climbed the highest in more than a year after as the country's fifth-largest bank appeared to shake off its recent subprime woes with fourth quar... Financial Post Sat, 05 Dec 2009 21:22:19 -0500Two Canadian economists, David Rosenberg and Sherry Cooper, have been named in a list celebrating the top 10 economic forecasters over a period which marked the worst recession in the post world war .... Financial Post Sat, 05 Dec 2009 21:22:14 -0500TORONTO - Tony Clement, the federal Industry Minister, said yesterday there was "some urgency" required in determining whether he will uphold a regulatory ruling or overturn it and allow startup cellp... Financial Post Sat, 05 Dec 2009 21:22:08 -0500Cliffs Natural Resources raised its friendly takeover offer for Freewest Resources Canada on Thursday, hoping of trumping a rival bid from Noront Resources and gain control of Freewest’s Canadian ..... Financial Post Sat, 05 Dec 2009 21:21:58 -0500By a vote of 192 to 32, MPs on Thursday overwhelmingly gave their first nod of approval to the minority Conservative government’s plan to enable Ontario and British Columbia to harmonize their sales... Financial Post Sat, 05 Dec 2009 21:21:49 -0500Bombardier Inc. has suspended flight testing on its new CRJ1000 aircraft, and will push back its first delivery into second half of next year. The Montreal plane and train maker had planned to delive... Financial Post Sat, 05 Dec 2009 21:21:44 -0500Alberta once again topped the rankings in the 2009 report with a score of 8.5 out of 10, but Saskatchewan came in at 6.6, up from 5.9 in 2008, followed by British Columbia. Financial Post Sat, 05 Dec 2009 21:21:41 -0500Federal Reserve chairman Ben Bernanke, making a case for a second term on Thursday, offered a forceful defence of the U.S. central bank’s crisis-battling efforts, which he said prevented an even ... Financial Post Sat, 05 Dec 2009 21:21:37 -0500Helped by lower provisions for loan losses and strong results in its core businesses, Canadian Imperial Bank of Commerce reported fourth quarter results ahead of analyst estimates. Canada's fifth big... Financial Post Sat, 05 Dec 2009 21:21:31 -0500NEW YORK -- Exactly eight years after Enron Corp filed for bankruptcy protection, a federal judge has dismissed a lawsuit by investors against banks they accused of helping the energy company commit f... Financial Post Sat, 05 Dec 2009 21:21:27 -0500The European Central Bank kept rates at a record low of 1% as expected on Thursday, leaving markets firmly focused on how it plans to handle the delicate process of phasing out its financial crisis ..... Financial Post Sat, 05 Dec 2009 21:21:23 -0500General Electric Co and Comcast Corp are set to announce a joint venture on Thursday morning that would give the cable company eventual control of NBC Universal in this year’s biggest media deal. Financial Post Sat, 05 Dec 2009 21:21:20 -0500CN Rail resumed its operations late Wednesday night after the railway's engineers agreed to end a four-day strike, a Vancouver-based coal company said. Western Coal Corp. said in a release Thursd... Financial Post Sat, 05 Dec 2009 21:21:18 -0500Following last week's sale of two prize sketches by Canadian artists Tom Thomson and Lawren Harris, for $2.8-million and $3.5-million, respectively, a collector exiting the Heffel Fine Art Auction Hou... Financial Post Sat, 05 Dec 2009 21:21:17 -0500A flood of Canadian tax cheats are voluntarily coming forward to disclose hidden assets and offshore accounts in record numbers, says Jean-Pierre Blackburn, the Minister of National Revenue. Financial Post Sat, 05 Dec 2009 21:21:11 -0500Bank of America Corp. said on Wednesday that it has worked out a deal with the government to repay US$45-billion in taxpayer bailout funds by raising new capital. Financial Post Sat, 05 Dec 2009 21:21:10 -0500Bob Lutz speaks at the Los Angeles Auto Show, replacing Fritz Henderson, who resigned as president and chief executive officer of General Motors Tuesday. Financial Post Sat, 05 Dec 2009 21:21:07 -0500Talisman Energy Inc has cut 220 staff, or about 4% of its global workforce, as it speeds up a shift to unconventional gas plays in North America, Canada’s No. 3 independent oil explorer said on ... Financial Post Sat, 05 Dec 2009 21:21:05 -0500WASHINGTON -- Lawmakers in the U.S. House voted Wednesday to give government regulators the power to break up financial firms that threaten economic stability, and to expose the Federal Reserve to unp... Financial Post Sat, 05 Dec 2009 21:21:02 -0500OTTAWA -- The Canadian government set a new two-month deadline on Wednesday for the country's provinces to line up projects to be funded by stimulus cash, and committed to a firm schedule for winding ... Financial Post Sat, 05 Dec 2009 21:21:00 -0500Canadian lumber shipments to China, set to climb after Shanghai adopted a building code for wood-frame construction amid a push to build new housing, will likely help Canada’s dollar strengthen beyo... Financial Post Sat, 05 Dec 2009 21:20:55 -0500CALGARY -- Enbridge Inc. Canada's No. 2 pipeline firm, raised its dividend Wednesday and said it expects to boost earnings next year by around 12% as it completes new lines. The company, which has mo... Financial Post Sat, 05 Dec 2009 21:20:54 -0500Canadian staffing firm Brainhunter Inc. said on Wednesday it has filed for creditor protection as it seeks to either restructure or sell its business. The company did not specify its liabilities, but... Financial Post Sat, 05 Dec 2009 21:20:53 -0500U.S. Chancellor of the Exchequer Alistair Darling, right, shown here chatting with U.S. Treasury Secretary Timothy Geithner, has warned the E.U. not to stifle the City of London’s financial services... Financial Post Sat, 05 Dec 2009 21:20:49 -0500General Motors Corp.'s board of directors made the surprise announcement Tuesday it had accepted the resignation of Fritz Henderson as its chief executive, stating it was unhappy with the pace of the ... Financial Post Sat, 05 Dec 2009 21:20:46 -0500Competition between Canada's three big cellphone providers during Christmases past has always been ferocious, but the spirit of the season this year is becoming downright ugly. Rogers Communications ... Financial Post Sat, 05 Dec 2009 21:20:44 -0500"We will not go back to the world before this recession," Warren Jestin, chief economist with Scotia Capital, said while presenting his 2010-2011 economic outlook Tuesday morning. "Sticking with the .... Financial Post Sat, 05 Dec 2009 21:20:43 -0500OTTAWA -- Cracks are beginning to emerge in one of the cornerstones of the free-market system, central bank independence - a fallout from the financial crisis analysts warned may occur. First in Japa... Financial Post Sat, 05 Dec 2009 21:20:42 -0500OTTAWA/VANCOUVER -- The Canadian government's move to legislate an end to a strike by Canadian National Railway locomotive engineers got a boost Tuesday when a senior Liberal Party source said the opp... Financial Post Sat, 05 Dec 2009 21:20:36 -0500Rogers Communications Inc. is asking a B.C. court for an injunction barring wireless rival BCE Inc. from claiming in its advertising that it has the "best" and "most powerful" cellphone network in the... Financial Post Sat, 05 Dec 2009 21:20:28 -0500Back in February Ottawa announced plans to buy $12-billion of auto loans as a way to prop up beleaguered car makers. Nearly 10 months later, the so-called Canadian Secured Credit Facility has complet... Financial Post Sat, 05 Dec 2009 21:20:25 -0500LONDON -- Barclays completed the sale of its asset management arm to U.S. fund manager BlackRock on Tuesday for US$15.2- billion, or US$1.7-billion more than when it struck the deal in June after a ju... Financial Post Sat, 05 Dec 2009 21:20:21 -0500People gather outside a former local bank, where pirates were dividing ransom payment obtained for the Spanish ship Alakrana. In Somalia's main pirate lair of Haradheere, the sea gangs have set up a .... Financial Post Sat, 05 Dec 2009 21:20:16 -0500Edward Sonshine, chief executive of RioCan REIT, which on Tuesday said it that its share of a deal to purchase four new format retail shopping centres in Western Canada is $166-million. Financial Post Sat, 05 Dec 2009 21:20:14 -0500WASHINGTON -- Pending sales of previously owned U.S. homes rose unexpectedly to their highest level in 3-1/2 years in October, a survey showed on Tuesday, suggesting the housing market recovery was ga... Financial Post Sat, 05 Dec 2009 21:20:09 -0500DUBAI -- Gulf markets dropped again on Tuesday, taking little comfort from Dubai World's plan to restructure about US$26-billion of debt, while the rulers of Abu Dhabi and Dubai talked up their econom... Financial Post Sat, 05 Dec 2009 21:20:07 -0500Canwest Global Communications Corp. won an extension from its lenders on Tuesday, giving the media firm's main holding unit more time to re-capitalize under court protection. Canwest, which owns ... Financial Post Sat, 05 Dec 2009 21:20:05 -0500OTTAWA -- The recession is finally over in Canada, but something strange happened to the Canadian economy on the road to recovery - it became more American. Data released Monday suggest Canada's GDP ... Financial Post Sat, 05 Dec 2009 21:20:00 -0500 | 
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