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Top Stories: Dubai's giant property developer, Emaar, has cancelled plans to merge with state-owned Dubai Holding. Big News Network.com Thu, 10 Dec 2009 06:50:17 -0500Credit Suisse Group has announced that its Vice Chairman Urs Rohner will lead the Swiss bank. Big News Network.com Thu, 10 Dec 2009 06:41:37 -0500In Australia, the unemployment rate has unexpectedly fallen. Big News Network.com Thu, 10 Dec 2009 06:28:56 -0500UK aircraft engine firm Rolls-Royce has won a deal to supply aircraft engines to a US airline. Big News Network.com Thu, 10 Dec 2009 06:24:35 -0500Japan's giant Panasonic Corp has announced the acquisition of 50.2 percent of Sanyo Electric Co. Big News Network.com Thu, 10 Dec 2009 05:20:37 -0500Singapore Airlines has decided to resume its business class flights from Singapore to New York. Big News Network.com Thu, 10 Dec 2009 05:14:44 -0500A self portrait by Anthony van Dyck has sold for 8.3 million pounds in London. Big News Network.com Thu, 10 Dec 2009 05:09:24 -0500Sovereign debt remains an issue with Dubai still in the spotlight, while a debt downgrade for Greece by Fitch Ratings also raised eyebrows. Big News Network.com Wed, 09 Dec 2009 13:52:55 -0500Thailand's main airline, Thai Airways, has launched a civil suit against the political protest leaders who forced the closure of Bangkok's airports late last year. Big News Network.com Wed, 09 Dec 2009 20:27:02 -0500Spain's credit outlook has been cut to negative from stable by the ratings agency Standard & Poor's. Big News Network.com Wed, 09 Dec 2009 20:20:04 -0500The UK Chancellor, Alistair Darling, has guaranteed that people who are unemployed for six months will get work or training. Big News Network.com Wed, 09 Dec 2009 20:33:24 -0500New York, Dec 10 (DPA) US stocks posted mild gains Wednesday, ignoring a slump in other global indices blamed on renewed credit fears. IANS Thu, 10 Dec 2009 00:00:03 -0500WASHINGTON - The U.S. trade deficit unexpectedly narrowed in October as exports surged to the highest level in nearly a year. Growing exports, boosted by a weaker dollar, are expected to boost demand... Star Tribune Thu, 10 Dec 2009 09:22:26 -0500WASHINGTON - The number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight weeks. Despite the increase, claims have fallen steadily... Star Tribune Thu, 10 Dec 2009 09:22:25 -0500EKNL ), a holding company specializing in innovative development stage opportunities, has released its Third Quarter Earnings Report. The Report includes a summary of subsidiary NIF Solutions Corp. ... Market Wire Thu, 10 Dec 2009 09:18:28 -0500U.S. stock futures headed higher on Thursday, as investors looked past worse-than-forecast weekly jobs data as Citigroup reportedly prepared to buy out the government's stake in the lender. MarketWatch Thu, 10 Dec 2009 09:16:42 -0500TEL AVIV (MarketWatch) -- Among the companies whose shares are expected to see active trade in Thursday's session are Anadarko, Citi, Costco, Gildan, Lilly, Lululemon, Pall, Rockwell Automation and Sm... MarketWatch Thu, 10 Dec 2009 09:16:40 -0500United Technology Corporation, the maker of Sikorsky helicopters, has flown to the rescue of Clipper Windpower and secured the future of the giant Britannia turbine being developed in the north-east o... Guardian Thu, 10 Dec 2009 09:12:31 -0500Bank of England policymakers kept rates on hold at a record low of 0.5% for the 10th month in a row in December, ending the year in a cautious mood.The Bank of England's nine-strong monetary policy co... Guardian Thu, 10 Dec 2009 09:12:29 -0500European markets inched higher Thursday as investors set aside concerns about government finances in the West that had earlier weighed on Asian stocks.In afternoon trading in Europe, Britain's FTSE 10... Examiner Thu, 10 Dec 2009 09:11:46 -0500European markets inched higher Thursday as investors set aside concerns about government finances in the West that had earlier weighed on Asian stocks.In afternoon trading in Europe, Britain's FTSE 10... Examiner Thu, 10 Dec 2009 09:10:58 -0500Computerworld - Microsoft may not have hustled as fast as researchers thought when the company patched a zero-day bug in Internet Explorer (IE) just 18 days after exploit code went public. According t... Computerworld Thu, 10 Dec 2009 09:09:12 -0500The Pennsylvania State Employees’ Retirement System Wednesday reported third quarter earnings of 7.1 percent or $1.6 billion, propelling total assets at $23.7 billion. It marked the second conse... Business Journal Thu, 10 Dec 2009 09:07:22 -0500October ), security experts say the software giant seems to be refining and improving the process of explaining and pushing out patches. "These past couple of months I have been watching the informat... Techworld Thu, 10 Dec 2009 09:01:14 -0500LONDON (Reuters) -- Oil rose near $71 a barrel on Thursday, recovering after falling more than 2% in the previous session, supported by a weaker dollar and rising equities.The U.S. CNN Money Thu, 10 Dec 2009 08:59:59 -0500The iPhone will be available at Tesco Mobile from 14 December, the company has announced.Its lowest monthly tariff will be £20 a month for the duration of a 12 month contract - but customers wil... BBC Thu, 10 Dec 2009 08:56:34 -0500-1.28% rose 2.3% in pre-open trading on Thursday ahead of an expected repayment of the U.S. government's investment under the Troubled Asset Relief Program, or TARP. Citi plans to raise $20 billion ... Market Watch Thu, 10 Dec 2009 08:50:22 -05000.00% ) said Thursday it expects 2010 adjusted net income of 75 cents to 95 cents a share. Wall Street analysts expect earnings of 88 cents a share, according to a survey of analysts by FactSet Rese... Market Watch Thu, 10 Dec 2009 08:49:58 -0500In October, Dollarama completed a very successful $300-million initial public offering that has helped reduce its net debt to $487.1-million as of November. Financial Post Thu, 10 Dec 2009 08:49:24 -0500French President Nicolas Sarkozy backed U.K. Prime Minister Gordon Brown's surtax on banker bonuses as the two called a truce in a fight over European Union financial regulations. The leaders, wh... Financial Post Thu, 10 Dec 2009 08:49:22 -0500Canadian clothier Gildan Activewear Inc. posted a 95% rise in fourth quarter profit Thursday, closing out a difficult year for the company on a high note. For the quarter ended Oct. 4, Gildan pul... Financial Post Thu, 10 Dec 2009 08:49:19 -0500Japan’s Panasonic Corp.said on Thursday it acquired 50.2% of Sanyo Electric Co Ltd, the world’s largest rechargeable battery maker, completing a long-delayed 403.8 billion yen (US$4.6-billion) dea... Financial Post Thu, 10 Dec 2009 08:49:17 -0500Calgary, Alberta, made the top 10 smartest cities, though with the expected rise in commodity prices over the next decade, Canada seems likely to produce several successful cities. Financial Post Thu, 10 Dec 2009 08:49:13 -0500Traders are snapping up options on Research In Motion Ltd., betting the shares will climb 25% in five weeks as prospects for sales accelerate, especially in China. Investors buying contracts to purch... Financial Post Thu, 10 Dec 2009 08:49:03 -0500The Federal Reserve Bank of Cleveland released a commentary this past week asking, "Why didn't Canada's housing market go bust?" In the commentary, James MacGee, a professor at the University of Weste... Financial Post Thu, 10 Dec 2009 08:49:00 -0500Cable giant Shaw Communications Inc. suggested Wednesday the national broadcasting regulator is not in a position to make the final call on a quarrelsome new proposal that would give new fees to Canad... Financial Post Thu, 10 Dec 2009 08:48:54 -0500CHICAGO -- Shares of the newly-independent AOL Inc. were down 6.6% in pre-market trading Thursday on light volume, about an hour before it officially begins trading separately from former parent Time... Fox Business Thu, 10 Dec 2009 08:48:54 -0500BOSTON -- The United States stands at the end of a generation when greed drove leaders and "rewards became perverted," Jeffrey Immelt, chief executive of General Electric Co., said in a spee... Financial Post Thu, 10 Dec 2009 08:48:53 -0500TORONTO - The Ontario government introduced a package of pension reforms Wednesday, the first of two pieces of legislation to modernize the province's pension laws. Ontario Finance Minister Dwight Du... Financial Post Thu, 10 Dec 2009 08:48:50 -0500LONDON -- UBS initiated coverage of AOL Inc. at neutral Thursday with a price target of $24 a share, following the Internet group's spin off from Time Warner Inc. . "We believe AOL is in the early st... Fox Business Thu, 10 Dec 2009 08:48:50 -0500OTTAWA - Lululemon Athletica Inc. on Wednesday reported profit of US$14.1-million, or 20 cents a share, in the third quarter, compared with US$8.8-million, or 13 cents a share, in the corresponding pe... Financial Post Thu, 10 Dec 2009 08:48:49 -0500WASHINGTON - The number of people filing claims for state unemployment benefits rose by 17,000 to a seasonally adjusted 474,000 in the week ending Dec. 5, while the total number of people claiming be... Fox Business Thu, 10 Dec 2009 08:48:46 -0500Toronto-based Dundee Real Estate Investment Trust, which just over two years ago sold off most of its portfolio in Ontario, appears to be moving back into the province with renewed vigour. The REIT s... Financial Post Thu, 10 Dec 2009 08:48:45 -0500NEW YORK -- Crude-oil futures edged up Thursday, rebounding from a six-day losing streak that had sent oil prices to a two-month low, as investors await weekly U.S. jobless claims data. Crude for Jan... Fox Business Thu, 10 Dec 2009 08:48:45 -0500NEW YORK -- United Airlines and its parent UAL Corp. is pursuing a joint venture with Continental Airlines and All Nippon Airways for transpacific flights, the Associated Press reported late Wednesda... Fox Business Thu, 10 Dec 2009 08:48:43 -0500Tiger Woods and his wife, Elin Nordegren, sit with U.S. team members at the winner's award ceremony at the Presidents Cup golf compeititon last October in San Francisco. Financial Post Thu, 10 Dec 2009 08:48:42 -0500NEW YORK -- Trony Solar has postponed its initial public offering, which had been expected to begin trading on Thursday. The China-based manufacturer of thin film solar modules attempted to price its... Fox Business Thu, 10 Dec 2009 08:48:42 -0500Cameco Corp.'s sale of its 48.5% interest in Centerra Gold Inc. has the Street speculating about what the uranium giant's next move will be - with analysts suggesting an acquisition is the most likely... Financial Post Thu, 10 Dec 2009 08:48:39 -0500TMX Group Inc. said it evacuated the Toronto Stock Exchange office in the city's financial district after receiving a bomb threat. "We received a specific threat at 12:30 p.m. on our switchboard,... Financial Post Thu, 10 Dec 2009 08:48:38 -0500Nexen Inc., the Canadian oil company that operates in Yemen and the U.K. North Sea, expects to raise $1-billion selling its majority stake in chemical affiliate Canexus LP as well as marketing and ... Financial Post Thu, 10 Dec 2009 08:48:37 -0500More than 60% of shoppers plan to head to stores like Wal-Mart, 43% to hit department stores, 31% will shop at electronics retailers like Future Shop... Financial Post Thu, 10 Dec 2009 08:48:35 -0500Mr. Geithner said the Treasury expects up to $175 billion in repayments from bailout recipients by the end of next year, with "substantial additional repayments thereafter."... Financial Post Thu, 10 Dec 2009 08:48:33 -0500SAN FRANCISCO -- Facebook, the world's No.1 Internet social network, took a step toward opening up parts of its site to outsiders Wednesday by introducing more options for user's privacy settings. Th... Financial Post Thu, 10 Dec 2009 08:48:31 -0500Canada's Alamos Gold Inc has agreed to buy two gold projects in Turkey from Fronteer Development Group Inc and Teck Resources Ltd in a cash-and-stock deal worth about US$85 million. Financial Post Thu, 10 Dec 2009 08:48:29 -0500MONTREAL -- Laurentian Bank of Canada has hiked its dividend after reporting a higher quarterly profit, becoming the first Canadian bank to increase payouts since the global recession took hold. Mont... Financial Post Thu, 10 Dec 2009 08:48:27 -0500LONDON -- Chancellor Alistair Darling set the stage for the coming election, announcing on Wednesday a one-off super tax on bank bonuses and other higher taxes on the rich. His Labour Party is on... Financial Post Thu, 10 Dec 2009 08:48:26 -0500Traders are snapping up options on Research In Motion Ltd., betting the shares will climb 31% in five weeks as sales in China accelerate. Investors buying contracts to purchase RIM for $80 throug... Financial Post Thu, 10 Dec 2009 08:48:24 -0500Osamu Suzuk (L), Chairman and CEO of Suzuki Motor Corporation speaks during a press conference with Martin Winterkorn (R), chairman of the board of management and CEO of Volkswagen AG, in Tokyo. ... Financial Post Thu, 10 Dec 2009 08:48:21 -0500The sudden and dramatic fall in the price of gold seems to have focused the minds of management at Cameco Corp. into finally selling its 48.5% stake in Centerra Gold Inc. Tuesday, on a day when the g... Financial Post Thu, 10 Dec 2009 08:48:18 -0500Global markets were lower Wednesday as worries continued about major Western economies' ability to keep their credit ratings under the pressure of huge deficits and risk of defaults. The S&P/... Financial Post Thu, 10 Dec 2009 08:48:15 -0500Global, CTV and CBC have seen revenues decline steadily in recent years as competition from specialty channels and to a lesser extent online sources chip away at their hold over advertisers. Financial Post Thu, 10 Dec 2009 08:48:14 -0500TORONTO -- EnCana Corp. said on Wednesday it will renew its stock buyback program. The energy producer plans to repurchase and cancel up to 37.5 million, or 5% of its common shares. EnCana said i... Financial Post Thu, 10 Dec 2009 08:48:13 -0500Cnooc Ltd., China's biggest offshore oil explorer, said its Canada-based partner Husky Energy Inc. has made a second "significant" deepwater gas discovery in the South China Sea, indicating "huge pote... Financial Post Thu, 10 Dec 2009 08:48:12 -0500Research in Motion said it planned to expand the China market for its BlackBerry smartphone to include consumers and small businesses, amid fierce competition in the world's biggest mobile market. Financial Post Thu, 10 Dec 2009 08:48:10 -0500Among the highlights, provisions for credit losses declined from the previous quarter at nearly all the banks, providing confidence that “spikes are off the table,” said Robert Sedran, an analyst ... Financial Post Thu, 10 Dec 2009 08:48:06 -0500Given the market's volatility of late, it's not likely that anyone can predict what the Toronto Stock Exchange will look like on Jan.1, 2011. However, one thing seems certain. There's going to be a va... Financial Post Thu, 10 Dec 2009 08:48:03 -0500Canwest Global Communications Corp. says it acted within its legal rights to bring its shares in specialty television channels it co-owns with Goldman Sachs & Co. into its creditor-protection proc... Financial Post Thu, 10 Dec 2009 08:48:01 -0500ATHENS -- Greece was jolted on Tuesday by the downgrading of its debt rating to the lowest level in the eurozone as worries grow about its public finances, driving bank shares, bonds and the euro down... Financial Post Thu, 10 Dec 2009 08:47:58 -0500U.S. Supreme Court justices questioned the conviction of Conrad Black, the former Hollinger Inc. chairman who is serving a 6 1/2-year prison sentence for mail fraud and obstruction of justice. Financial Post Thu, 10 Dec 2009 08:47:54 -0500TORONTO -- The head of Royal Bank of Canada said on Tuesday the bank is mulling acquisitions to build its business, particularly in global wealth management, but does not see a blockbuster U.S. retail... Financial Post Thu, 10 Dec 2009 08:47:52 -0500U.S. President Barack Obama proposed a variety of programs Tuesday to boost U.S. employment, including cutting taxes for small businesses to boost hiring. Financial Post Thu, 10 Dec 2009 08:47:49 -0500Garda World Security Corp. said on Tuesday it has been awarded a three-year contract worth more than $100-million to provide security for British diplomats in Iraq, a high-profile agreement that could... Financial Post Thu, 10 Dec 2009 08:47:47 -0500Bank of Nova Scotia's fourth quarter profit surged more than 100% amid near record performance from the investment banking division and strong results from retail banking. For the three months en... Financial Post Thu, 10 Dec 2009 08:47:45 -0500OTTAWA - Housing starts rose to the highest level in a year last month, according to Canada Mortgage and Housing Corporation, although they were still below expectations. The seasonally adjusted annu... Financial Post Thu, 10 Dec 2009 08:47:42 -0500LLY.N ) forecast 2010 earnings in line with Wall Street expectations but gave no hint of how profit might pan out after its biggest drugs lose patent protection between 2011 and 2014. Reuters Thu, 10 Dec 2009 08:47:39 -0500CHICAGO -- Diversified manufacturer 3M Co issued a cautious outlook for 2010 on Tuesday, saying tight credit conditions and other headwinds would make economic recovery "patchy and slow." T... Financial Post Thu, 10 Dec 2009 08:47:39 -0500Kenneth Feinberg, the U.S. paymaster for rescued companies, will exempt some executives at American International Group Inc. from a US$500,000 salary cap after at least five employees threatened to qu... Financial Post Thu, 10 Dec 2009 08:47:37 -0500A Towers Perrin survey shows that the big freeze for salaried workers’ pay will start to thaw in 2010, but at the executive level, observers are wondering if the next ice age has begun. Financial Post Thu, 10 Dec 2009 08:47:35 -0500Monday, Google announced it would be adding a new service known as “real-time search” to its search engine, which will incorporate breaking and up-to-the-minute information from news organizations... Financial Post Thu, 10 Dec 2009 08:47:34 -0500The folks who are worrying about an early rise in U.S. interest rates should get a grip. Please. Every indication is that the Federal Reserve will keep interest rates low for at least the next six mo... Financial Post Thu, 10 Dec 2009 08:47:32 -0500Sir Richard Branson said he planned to be on the Virgin Galactic's SpaceShipTwo's first passenger flight in about 18 months' time with his family and the space ship's American designer Burt Rutan. Financial Post Thu, 10 Dec 2009 08:47:31 -0500Xstrata PLC will take about US$2.4-billion of impairment charges on its earnings after cutting the value of nickel assets and closing Canadian copper and zinc smelters. Xstrata will book about US... Financial Post Thu, 10 Dec 2009 08:47:28 -0500NEW YORK -- In the end, it's not the big banks that are going to cost U.S. taxpayers billions in unpaid bailout money. The key drags on the public purse are a giant insurance company mired with dodgy ... Financial Post Thu, 10 Dec 2009 08:47:27 -0500If you've ever spent time reading a magazine on your iPhone or BlackBerry, chances are good you helped make Kunal Gupta a little bit richer by doing so. While the average person probably has never he... Financial Post Thu, 10 Dec 2009 08:47:24 -0500OTTAWA -- Next year's summit of the Group of 20 developed and developing nations will be held in Toronto on June 26 and 27, Canadian Prime Minister Stephen Harper said on Monday. Mr. Harper also said... Financial Post Thu, 10 Dec 2009 08:47:22 -0500FedEx Corp., the second-largest U.S. package-shipping company, said it will report earnings of US$1.10 a share for the fiscal second quarter, exceeding its previous guidance of as much as 95 cents. Financial Post Thu, 10 Dec 2009 08:47:21 -0500The Toronto Stock Exchange had record financings this year, said TMX Group Inc. chief executive Thomas Kloet. Firms raised $56-billion in the first 11 months of this year, topping the record set in 2... Financial Post Thu, 10 Dec 2009 08:47:19 -0500The U.S. Environmental Protection Agency declared carbon dioxide a health hazard Monday, paving the way for new regulation of emissions from sources such as power plants, factories, cars and trucks. ... Financial Post Thu, 10 Dec 2009 08:47:17 -0500If Franco-Nevada Corp. is serious about its proposed unsolicited bid for Colorado-based International Royalty Corp. it will likely need to pony up more cash, despite being the only company to have dec... Financial Post Thu, 10 Dec 2009 08:47:15 -0500Goldman Sachs & Co. is signalling to Canwest Global Communications Corp. that a months-long silence in relations that has helped land the pair in court fighting over their joint specialty-TV ventu... Financial Post Thu, 10 Dec 2009 08:47:12 -0500WASHINGTON -- U.S. securities regulators Monday charged three former executives at now-bankrupt lender New Century with fraud, the latest government attempt to bring bad actors in the subprime market ... Financial Post Thu, 10 Dec 2009 08:47:10 -0500OTTAWA -- The head lobbyist for Canada's banks warned the federal government on Monday about "rushing" into "unpleasant" policy decisions without thinking them through. Nancy ... Financial Post Thu, 10 Dec 2009 08:47:08 -0500DUBAI -- Dubai has moved to protect prized assets such as Emirates Airlines from the US$26- billion debt restructuring of Dubai World, denting fragile investor sentiment ahead of talks between the sta... Financial Post Thu, 10 Dec 2009 08:47:05 -0500OTTAWA - The value of building permits jumped far above expectations in October, led by both single-family and non-residential units, amid growing signs in Canada of an economic recovery. Statistics ... Financial Post Thu, 10 Dec 2009 08:47:03 -0500Aecon Group Inc. said Monday that it won a $25.8-million contract to expand Highway 7 near Ottawa for the Ontario Ministry of Transportation. This comes after the company announced a $58-million ... Financial Post Thu, 10 Dec 2009 08:47:01 -0500VANCOUVER -- Zenn Motor Co. Inc. said on Monday it will stop producing its low-speed, low-range electric vehicle in spring 2010 to focus exclusively on commercializing drivetrains for what it sees as ... Financial Post Thu, 10 Dec 2009 08:46:59 -0500Microsoft may not have hustled as fast as researchers thought when the company patched a zero-day bug in Internet Explorer (IE) just 18 days after exploit code went public. CIO Thu, 10 Dec 2009 08:46:57 -0500NEW YORK -- Fertilizer maker CF Industries said on Monday it raised its bid for Terra Industries Inc. by US$4.75 in cash per share, bringing the value of the hostile takeover bid at US$4.58 billion. ... Financial Post Thu, 10 Dec 2009 08:46:57 -0500NEW YORK -- Hasbro Inc said on Monday it has signed a 10-year deal to make and sell toys and games based on characters in the American children's television series "Sesame Street." Hasbro's... Financial Post Thu, 10 Dec 2009 08:46:55 -0500 |
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