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Top Stories: The November job losses hit 11,000, a vast improvement on the 130,000 job losses expected. Dan Robinson - VOA Sat, 05 Dec 2009 05:36:41 -0500A dramaticically improved jobs situation failed to lift Wall Street Friday. Big News Network.com Fri, 04 Dec 2009 14:46:38 -0500The closure will cost the FDIC, which was appointed receiver, $2 billion. Big News Network.com Fri, 04 Dec 2009 19:33:50 -0500The total of existing hotel rooms is forecast to increase by 40%, or 90,000 rooms, between now and 2013. Big News Network.com Fri, 04 Dec 2009 23:53:26 -0500HeritageBank of the South, Albany, Georgia, will assume all of the deposits of The Tattnall Bank. Big News Network.com Fri, 04 Dec 2009 18:54:25 -0500The pan-European FTSEurofirst 300 .FTEU3 index of top shares finished up 1.10% at 1,025.77 points. Big News Network.com Sat, 05 Dec 2009 00:04:30 -0500The five branches of Greater Atlantic Bank will reopen as branches of Sonabank. Big News Network.com Fri, 04 Dec 2009 19:59:35 -0500The five branches of Benchmark Bank will reopen during normal business hours as branches of MB Financial Bank, N.A. Big News Network.com Fri, 04 Dec 2009 18:59:37 -0500The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $30.1 million. Big News Network.com Fri, 04 Dec 2009 18:49:28 -0500The the Federal Deposit Insurance Corporation (FDIC) was appointed as receiver. Big News Network.com Fri, 04 Dec 2009 18:33:35 -0500New York, Dec 5 (DPA) Major US stock indices and the dollar were pushed higher Friday after government figures indicated a sharp decline in the pace of job losses in the United States. IANS Fri, 04 Dec 2009 20:50:02 -0500CHARLES TOWN, W.Va. - If a referendum to allow table games at the Charles Town Races & Slots passes Saturday, it will still be at least six months before gamblers can play blackjack.It would take at ... Star Tribune Sat, 05 Dec 2009 17:34:27 -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 Sat, 05 Dec 2009 16:45:52 -0500Some 1,700 workers in the North East are set to lose their jobs in January after steel giant Corus confimed it will shut down its Teesside plant. The plant at Redcar had a 10-year contract to supply... Ananova Sat, 05 Dec 2009 16:39:32 -0500WASHINGTON - Senate Democrats have defeated a GOP attempt to eliminate $40 billion in cuts to home health care services in the health overhaul bill. The 53-41 vote Saturday came during a rare weeken... Star Tribune Sat, 05 Dec 2009 16:08:07 -0500City of Industry, CA --(www.FinancialNewsUSA.com)-- 12/05/2009 - Earnings industry news provided by Financial News USA. New Millennium Bank (OTC Bulletin Board: NMNB - News) today announced that while... Financial News USA Sat, 05 Dec 2009 15:59:52 -0500BMW The BMW Vision Efficient Dynamics concept car made its North American debut this week at the Los Angeles Auto Show. More than 50 of the newest hybrid and alternative-fuel vehicles were showcased. ... CBS News Sat, 05 Dec 2009 15:36:47 -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 Sat, 05 Dec 2009 15:21:49 -0500WASHINGTON - The U.S. is emerging from an "economic storm," President Barack Obama said, pledging new ideas to put people back on the payroll after a painful recession and reassure hurting A... Star Tribune Sat, 05 Dec 2009 14:45:28 -0500Posted on: Saturday, 5 December 2009, 12:27 CST Yahoo and Microsoft announced on Friday they have finally completed their Internet search and advertising deal."Yahoo and Microsoft welcome the ... RedOrbit Sat, 05 Dec 2009 14:45:08 -0500I've got a new spelling for "Scrooge." M-i-c-r-o-s-o-f-t. The company has ended the Windows 7 Family Pack promotion, which is a nice Ba Humbug to you and yours for the holidays. Sure, it could be good... Beta News Sat, 05 Dec 2009 14:31:46 -0500NEW YORK (AFP) - Wall Street heads into the final stretch of 2009 with fresh confidence that the worst of the economic crisis is over, setting up a positive environment for the market heading into 201... Yahoo!7 News Sat, 05 Dec 2009 14:09:56 -0500Remember the gift-card "gotchas" -- the expiration dates, fees for dormancy or monthly use, and initial set-up charges? The jolly news is that nearly all states have passed laws to eliminate... Star Tribune Sat, 05 Dec 2009 13:22:53 -0500SAN RAMON, Calif. - Chevron Corp. on Saturday said it has signed a deal with Tokyo Electric Power Co. to deliver liquefied natural gas for up to 20 years from the Wheatstone Project in northwestern A... Star Tribune Sat, 05 Dec 2009 13:22:50 -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 12:57:54 -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 12:57:51 -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 12:57:49 -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 12:57:47 -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 12:57:45 -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 12:57:44 -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 Sat, 05 Dec 2009 12:57:43 -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 Sat, 05 Dec 2009 12:57:41 -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 Sat, 05 Dec 2009 12:57:37 -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 Sat, 05 Dec 2009 12:57:35 -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 12:57:32 -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 12:57:30 -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 12:57:28 -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 12:57:27 -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 12:57:25 -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 12:57:22 -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 12:57:17 -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 12:57:14 -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 12:57:12 -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 12:57:11 -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 12:57:02 -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 12:57:00 -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 12:56:56 -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 12:56:54 -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 12:56:53 -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 12:56:52 -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 12:56:47 -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 12:56:45 -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 12:56:43 -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 12:56:42 -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 12:56:39 -0500Germany’s Daimler said Wednesday it will move roughly one-fifth of the production of its best-selling Mercedes-Benz Class C model to its lone U.S. facility in Alabama from Germany by 2014. Financial Post Sat, 05 Dec 2009 12:56:38 -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 12:56:35 -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 12:56:31 -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 12:56:27 -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 12:56:26 -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 12:56:23 -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 12:56:22 -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 12:56:19 -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 12:56:18 -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 12:56:16 -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 12:56:14 -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 12:56:11 -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 12:56:09 -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 12:56:08 -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 12:56:07 -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 12:56:05 -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 12:56:02 -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 12:56:00 -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 12:55:58 -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 12:55:56 -0500Twitter has been an incredible tool for connecting with like-minded people from around the world. I am always on the lookout for women entrepreneurs and women in business to follow, connect with and l... Financial Post Sat, 05 Dec 2009 12:55:48 -0500The federal government served notice it won't tolerate anything derailing Canada's economic recovery by swiftly introducing back-to-work legislation in the House Monday for 1,700 locomotive engineers ... Financial Post Sat, 05 Dec 2009 12:55:47 -0500The Toronto Stock Exchange ended its best month since April with a slight loss on Monday, as new GDP figures showed Canada climbed out of recession in the third quarter – but just barely. With conc... Financial Post Sat, 05 Dec 2009 12:55:45 -0500Canada's television regulator has launched a website for the public to register their opinions ahead a round of hearings that could determine whether local TV stations can charge cable and satellite .... Financial Post Sat, 05 Dec 2009 12:55:44 -0500A global regulator is denying a media report that it has drawn up a list of banks and insurance companies that it deems too big to fail. The Financial Times on Monday published a list of 30 instituti... Financial Post Sat, 05 Dec 2009 12:55:40 -0500MONTREAL -- Newfoundland and Labrador has formally requested a new deal with Hydro-Quebec on the controversial 1969 Churchill Falls power contract in what could be the opening salvo of a new court cha... Financial Post Sat, 05 Dec 2009 12:55:39 -0500NEW YORK -- Oil prices rose more than US$1 on Monday as the detainment of five Britons in Iran and a weak dollar outweighed concerns over debt-laden Dubai and its impact on the global economy. U.S. l... Financial Post Sat, 05 Dec 2009 12:55:33 -0500Canada's largest homegrown advertising company, Cossette Inc., said on Monday that U.S. private-equity group Mill Road Capital LP has sweetened its all-cash takeover bid for the company. Cossette's b... Financial Post Sat, 05 Dec 2009 12:55:32 -0500OTTAWA -- Gold could test US$1,300 and commodities will remain strongly bid in 2010 as the U.S. dollar continues to weaken, Scotiabank commodities specialist Patricia Mohr says. Strength in commoditi... Financial Post Sat, 05 Dec 2009 12:55:29 -0500Prime Minister Stephen Harper, travelling to China for the first time this week, will seek to expand trade with the Asian country to reduce dependence on the slumping U.S. economy. Canada is the ... Financial Post Sat, 05 Dec 2009 12:55:28 -0500In the mining industry, takeover battles between small junior companies are usually over as soon as a senior steps in. After all, the seniors have the financial firepower and do not expect to get chal... Financial Post Sat, 05 Dec 2009 12:55:21 -0500TORONTO -- In Bay Street lore, in the not so distant past, investment bankers and traders picked up their end-of-year bonuses in the form of a fat check, with the keys to luxury cars on offer to top p... Financial Post Sat, 05 Dec 2009 12:55:15 -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 Sat, 05 Dec 2009 12:55:11 -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 Sat, 05 Dec 2009 12:55:10 -0500The registered disability savings plan, first introduced in the March 2007 federal budget, can be used by parents as a key planning tool for the future, writes Family Man columnist Garry Marr. Financial Post Sat, 05 Dec 2009 12:55:08 -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 Sat, 05 Dec 2009 12:54:59 -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 Sat, 05 Dec 2009 12:54:57 -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 Sat, 05 Dec 2009 12:54:51 -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 Sat, 05 Dec 2009 12:54:47 -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 Sat, 05 Dec 2009 12:54:42 -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 Sat, 05 Dec 2009 12:54:40 -0500Shoppers line up outside of a Best Buy store Thursday night as they wait for it to open on the shopping day dubbed "Black Friday" in Irving, Tex. Financial Post Sat, 05 Dec 2009 12:54:39 -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 Sat, 05 Dec 2009 12:54:34 -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 Sat, 05 Dec 2009 12:54:32 -0500 |
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