The market was quiet Friday with many traders having vacated the city for the holidays.
Big News Network.com Fri, 18 Dec 2009 13:09:19 -0500

The bank was a heavy lender to commercial real estate developers, investors, and builders.
Big News Network.com Fri, 18 Dec 2009 17:38:04 -0500

With oil firming to above $73 a barrel, and the U.S. dollar rebounding, investors were hesitant.
Big News Network.com Fri, 18 Dec 2009 18:32:01 -0500

Budget airline Ryanair has told Boeing it will not take 200 new aircraft which had been pre-ordered.
Big News Network.com Fri, 18 Dec 2009 06:53:15 -0500

Ben Bernanke has been nominated to a second term as head of the US Federal Reserve.
Big News Network.com Thu, 17 Dec 2009 19:47:17 -0500

The public sector in the UK has made record spending in November.
Big News Network.com Fri, 18 Dec 2009 06:58:51 -0500

Oracle has said it is expecting the European Union to approve its deal with Sun Microsystems early next year.
Big News Network.com Fri, 18 Dec 2009 06:46:49 -0500

Recovery from recession seems to be gaining strength in the US with a rise in the US index of leading economic indicators.
Big News Network.com Thu, 17 Dec 2009 18:36:58 -0500

A strike by British Airways cabin crew has been declared illegal in a High Court ruling.
Big News Network.com Thu, 17 Dec 2009 18:31:14 -0500

The teachers union in Florida has advised members to refuse to cooperate with the state's application for up to $700 million in federal stimulus grant money in exchange for a change to conditions.
Big News Network.com Thu, 17 Dec 2009 19:38:05 -0500

The Netherlands Central Bank has accused a local TV channel of leaking confidential documents.
Big News Network.com Thu, 17 Dec 2009 19:28:02 -0500

Washington, Dec 18 (IANS) Walt Disney Studios Home Entertainment will be releasing Aamir Khan's award-winning film 'Like Stars On Earth' (Taare Zameen Par), its first-ever Hindi language release, on DVD on Jan 12 next year.
IANS Fri, 18 Dec 2009 00:40:02 -0500

A team looking through a bankrupt funeral home's financial records has discovered nearly 100 boxes of cremated remains.
Big News Network.com Thu, 17 Dec 2009 19:22:31 -0500

DALLAS - AT&T Inc. said Friday that it was raising its quarterly dividend by 2.4 percent, continuing an unbroken record of increases for 26 years, although it's the smallest percentage hike since the...
Star Tribune Fri, 18 Dec 2009 17:27:46 -0500

OKLAHOMA CITY - At least six Oklahoma agencies are preparing to furlough employees after state officials ordered 10 percent budget cuts across all state agencies. Office of Personnel Management Admi...
Star Tribune Fri, 18 Dec 2009 17:27:45 -0500

LOS ANGELES - Northrop Grumman Corp. has completed the sale of its advisory services business to an investment group led by General Atlantic LLC for $1.65 billion, the aircraft and security company a...
Star Tribune Fri, 18 Dec 2009 17:27:43 -0500

European and U.S. stocks reversed earlier gains Friday amid volatile trading as a number of investors began to shut up shop for the Christmas holiday by booking profits built up over the last nine mon...
Financial News USA Fri, 18 Dec 2009 17:18:37 -0500

The Toronto Stock Exchange was poised to finish Friday's session with a gain, after some see-sawing within the final hour of trading, thanks mainly to BlackBerry maker Research In Motion Ltd.As tradin...
Canada.com Fri, 18 Dec 2009 17:00:16 -0500

The Toronto Stock Exchange was poised to finish Friday's session with a gain, after some see-sawing within the final hour of trading, thanks mainly to BlackBerry maker Research In Motion Ltd.As tradin...
Leader-Post Fri, 18 Dec 2009 16:58:58 -0500

WASHINGTON (Reuters) - Eastman Kodak Co has won a preliminary fight with Samsung Electronics, which the camera giant had accused of infringing its digital camera patents.
Reuters Fri, 18 Dec 2009 16:52:04 -0500

WASHINGTON (Reuters) - Eastman Kodak Co has won a preliminary fight with Samsung Electronics, which the camera giant had accused of infringing its digital camera patents.
Reuters Fri, 18 Dec 2009 16:51:54 -0500

SAN FRANCISCO (MarketWatch) -- Heavy volume in Citigroup shares and gains in some widely traded tech stocks may spill into Friday's after-hours session. With no major earnings releases scheduled,...
Market Watch Fri, 18 Dec 2009 16:50:27 -0500

OTTAWA - The federal government is ready to clamp down further on mortgage rules if the boom in the Canadian housing market turns into a bubble, says Finance Minister Jim Mr. Flaherty. In an exclusiv...
Financial Post Fri, 18 Dec 2009 16:49:48 -0500

There's only one weekend of holiday shopping left before the in-laws arrive and the madness that is Christmas is officially upon us. So, have you finished your shopping yet? Still trying to figu...
Financial Post Fri, 18 Dec 2009 16:49:46 -0500

Want 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 Fri, 18 Dec 2009 16:49:45 -0500

TORONTO -- Cossette Inc. will revert to a private company after a shareholder vote on Friday approving a takeover of the Quebec ad agency by Mill Road Capital L.P. After a takeover battle which was i...
Financial Post Fri, 18 Dec 2009 16:49:44 -0500

OTTAWA -- 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 Fri, 18 Dec 2009 16:49:43 -0500

The 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 Fri, 18 Dec 2009 16:49:42 -0500

WASHINGTON -- 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 Fri, 18 Dec 2009 16:49:41 -0500

General 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 Fri, 18 Dec 2009 16:49:40 -0500

TORONTO -- U.S. mining royalty company Royal Gold has launched a white-knight $749-million bid for Canada's International Royalty, the two companies said on Friday, topping a $640- million offer made ...
Financial Post Fri, 18 Dec 2009 16:49:38 -0500

The Toronto Stock Exchange was ahead at midday on Friday, but some heavy-hitting declines pared gains earned earlier in the session. The S&P/TSX composite index was up about 40 points, or 0.4%, t...
Financial Post Fri, 18 Dec 2009 16:49:37 -0500

ITC ) raised its earnings outlook for 2009 and 2010 Friday, after successfully refinancing its debt. The Michigan-based company raised its forecast for both years by 8 cents per share to a range of ...
Fox Business Fri, 18 Dec 2009 16:49:36 -0500

NEW YORK -- Oil rose above US$73 a barrel Friday, after an incursion by Iranian troops into an Iraqi oilfield signalled tensions between two major crude exporters, while a firming dollar showed invest...
Financial Post Fri, 18 Dec 2009 16:49:34 -0500

T ) on Friday announced that its board of directors has approved a 2.4% increase in the company’s quarterly dividend. The dividend rate was raised from $0.41 to $0.42 per share on a quarterly basi...
Fox Business Fri, 18 Dec 2009 16:49:33 -0500

Royal 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 Fri, 18 Dec 2009 16:49:31 -0500

SAN FRANCISCO -- Volkswagen Ag preferred shares will replace the company's ordinary shares on Germany's DAX stock index, effective Dec. 23, the company said Friday. Deutsche Bourse made the move foll...
Fox Business Fri, 18 Dec 2009 16:49:31 -0500

Prime 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 Fri, 18 Dec 2009 16:49:29 -0500

NEOG ), a maker of food testing and veterinary products, posted strong second-quarter earnings amid strong sales and heavy cost cutting. The shares were down in Friday trading, though the stock had ...
Fox Business Fri, 18 Dec 2009 16:49:29 -0500

OTTAWA -- 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 Fri, 18 Dec 2009 16:49:27 -0500

NEW YORK -- Crude oil futures finished higher on Friday, but were well off earlier highs, as a stronger dollar capped an early rally sparked by reports of an Iranian incursion into an Iraqi oil field...
Fox Business Fri, 18 Dec 2009 16:49:27 -0500

George 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 Fri, 18 Dec 2009 16:49:24 -0500

WMT ) has tapped Eduardo Solorzano, the current head of its Mexican operations, to lead its Latin America business, the division's second chief in just seven months. Wal-Mart said last month that L...
Fox Business Fri, 18 Dec 2009 16:49:24 -0500

A 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 Fri, 18 Dec 2009 16:49:23 -0500

The 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 Fri, 18 Dec 2009 16:49:22 -0500

Pat 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 Fri, 18 Dec 2009 16:49:18 -0500

Canadian 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 Fri, 18 Dec 2009 16:49:17 -0500

LONDON -- 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 Fri, 18 Dec 2009 16:49:15 -0500

Transat 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 Fri, 18 Dec 2009 16:49:14 -0500

OTTAWA -- 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 Fri, 18 Dec 2009 16:49:11 -0500

Greg 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 Fri, 18 Dec 2009 16:49:10 -0500

Thousands 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 Fri, 18 Dec 2009 16:49:09 -0500

The 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 Fri, 18 Dec 2009 16:49:08 -0500

NEW 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 Fri, 18 Dec 2009 16:49:06 -0500

Scottish 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 Fri, 18 Dec 2009 16:49:03 -0500

CHICAGO -- 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 Fri, 18 Dec 2009 16:49:02 -0500

Ontario'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 Fri, 18 Dec 2009 16:49:01 -0500

As 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 Fri, 18 Dec 2009 16:48:59 -0500

In 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 Fri, 18 Dec 2009 16:48:58 -0500

LONDON -- Britain's Financial Services Authority fined Canada's Toronto Dominion Bank 7-million pounds (US$11.45-million), the regulator's fourth-biggest penalty ever, for failing to scrutinize the pr...
Financial Post Fri, 18 Dec 2009 16:48:57 -0500

TORONTO -- 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 Fri, 18 Dec 2009 16:48:56 -0500

OTTAWA -- 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 Fri, 18 Dec 2009 16:48:55 -0500

Canada'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 Fri, 18 Dec 2009 16:48:50 -0500

Canada 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 Fri, 18 Dec 2009 16:48:48 -0500

Lehman, 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 Fri, 18 Dec 2009 16:48:46 -0500

The 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 Fri, 18 Dec 2009 16:48:45 -0500

ATHENS/LONDON -- Greece suffered the second downgrade of its credit rating in a week on Wednesday, hours after its finance minister revealed plans to resume borrowing from bond markets early next year...
Financial Post Fri, 18 Dec 2009 16:48:43 -0500

WASHINGTON -- 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 Fri, 18 Dec 2009 16:48:42 -0500

LONDON -- 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 Fri, 18 Dec 2009 16:48:41 -0500

OTTAWA -- 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 Fri, 18 Dec 2009 16:48:40 -0500

What 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 Fri, 18 Dec 2009 16:48:39 -0500

OTTAWA -- 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 Fri, 18 Dec 2009 16:48:38 -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 Fri, 18 Dec 2009 16:48:37 -0500

The shifting crystal ball predictions for retail sales this holiday season turned more buoyant Tuesday with the release of two reports predicting consumers will spend more on this year's Christmas gif...
Financial Post Fri, 18 Dec 2009 16:48:34 -0500

The 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 Fri, 18 Dec 2009 16:48:32 -0500

General 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 Fri, 18 Dec 2009 16:48:31 -0500

TORONTO -- 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 Fri, 18 Dec 2009 16:48:30 -0500

The 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 Fri, 18 Dec 2009 16:48:29 -0500

Boeing 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 Fri, 18 Dec 2009 16:48:28 -0500

A 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 Fri, 18 Dec 2009 16:48:27 -0500

Toyota'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 Fri, 18 Dec 2009 16:48:26 -0500

The 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 Fri, 18 Dec 2009 16:48:24 -0500

Transition Therapeutics Inc. fell the most since 2002 after the company and partner Elan Corp. said nine people died in a mid-stage clinical trial of a drug being developed to treat Alzheimer's diseas...
Financial Post Fri, 18 Dec 2009 16:48:23 -0500

MONTREAL -- Severe cost-cutting and the start of new contracts allowed Transcontinental Inc. to post stronger-than-expected earnings in the fourth quarter, but the recession has left Canada's largest ...
Financial Post Fri, 18 Dec 2009 16:48:21 -0500

General Motors Co., the automaker that restructured in a 40-day bankruptcy, plans to repay government loans by the end of June, chief executive Ed Whitacre said.
Financial Post Fri, 18 Dec 2009 16:48:20 -0500

DETROIT -- Ed Whitacre, General Motors Co. chairman and acting chief executive, said on Tuesday that luxury car maker Spyker Car NV is the only remaining party with which GM is negotiating for the sal...
Financial Post Fri, 18 Dec 2009 16:48:19 -0500

Microsoft said it was temporarily suspending its MSN China microblogging site, Juku, as it investigates a complaint of plagiarism from a start-up, Plurk. Microsoft is working with the MSN China joint...
Financial Post Fri, 18 Dec 2009 16:48:15 -0500

KUWAIT -- Gulf Arab countries endorsed a monetary union agreement on Tuesday despite the absence of major player the United Arab Emirates and fellow oil producer Oman and left options open for pegging...
Financial Post Fri, 18 Dec 2009 16:48:14 -0500

TORONTO -- Canada's investment dealer community said on Tuesday it picked a TMX Group Inc unit to develop a central counterparty service for the fixed-income market, a move that could reduce risks and...
Financial Post Fri, 18 Dec 2009 16:48:13 -0500

Nationally, the number of new job postings -- an indicator of future hiring intentions -- improved between October and November, up 4.2% or 7,500 more job postings.
Financial Post Fri, 18 Dec 2009 16:48:11 -0500

TORONTO -- Canadian mining companies face increasing risks in their ability to cope with climate change, a new report says. "For many years, mining companies considered climate change a purely enviro...
Financial Post Fri, 18 Dec 2009 16:48:10 -0500

WASHINGTON -- U.S. producer prices rose more than expected in November, lifted by a surge in energy costs, and recorded the first year-on-year gain since last November, according to a government repor...
Financial Post Fri, 18 Dec 2009 16:48:08 -0500

CALGARY -- Exxon Mobil Corp. unveiled a monster of a natural-gas acquisition Monday, marking a sharp return to North America and reminding unconventional-gas investors that the world's largest energy ...
Financial Post Fri, 18 Dec 2009 16:48:07 -0500

The Minister responsible for the Canada Revenue Agency is vowing to broaden an investigation of a leading investment firm involved in alleged tax evasion to include all the Canadian banks. "This is n...
Financial Post Fri, 18 Dec 2009 16:48:06 -0500

Spare a moment this holiday season to pity "fat-cat bankers." After pinning the disparaging label on Wall Street in a weekend interview, Barack Obama, the U.S. President, devoted part of Monday to le...
Financial Post Fri, 18 Dec 2009 16:48:04 -0500

LONDON -- The euro hit a 2-1/2 month low against a broadly firmer dollar on Tuesday while world stocks slipped as concerns grew about the European banking sector and the fiscal health of Greece. ...
Financial Post Fri, 18 Dec 2009 16:48:02 -0500

NEW YORK -- Shares in Wells Fargo & Co rose 3.7% to US$26.43 in premarket trade on Tuesday after the fourth largest U.S. bank said late the previous day it would repay government bailout funds. ...
Financial Post Fri, 18 Dec 2009 16:48:01 -0500

CHICAGO -- Tiger Woods has just made life a whole lot tougher for athletes looking to score big deals to pitch a company's products or services. The lurid, unrelenting media coverage of the world No....
Financial Post Fri, 18 Dec 2009 16:48:00 -0500

Monday, Globalive Wireless Management Corp. announced it has partnered with Blockbuster Canada and will use the retail chain’s stores to sell services.
Financial Post Fri, 18 Dec 2009 16:47:55 -0500

Bank of Canada governor Mark Carney (l) and Finance Minister Jim Flaherty at a meeting of G7 Finance Ministers in February. RBC says the pace of Canada's recovery will lead G7 nations.
Financial Post Fri, 18 Dec 2009 16:47:54 -0500