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Breaking Business News
Top Stories:
Airbus has said its long-delayed A400M military transport aircraft should be ready to make its first test flight around the 7th December.
Big News Network.com Sat, 28 Nov 2009 19:18:17 -0500
Lloyds Banking Group in the UK is to ask the courts to dismiss multiple cases lodged against it for the return of overdraft fees.
Big News Network.com Sat, 28 Nov 2009 19:25:30 -0500
There has been a sales rise 23% for Jaguar Land Rover vehicles in the second quarter.
Big News Network.com Sat, 28 Nov 2009 19:13:41 -0500
It is a day in which traditional retailers promote discounts and gimmicks to encourage store traffic.
Big News Network.com Sat, 28 Nov 2009 18:19:12 -0500
Global stock and bond markets tumbled late in the week following news the Dubai government-owned conglomerate Dubai World was seeking a moratorium on its $59 billion debt.
Big News Network.com Sat, 28 Nov 2009 19:02:00 -0500
Kuala Lumpur, Nov 29 (IANS) AirAsia chief executive officer Tony Fernandes, whose father is from Goa, has been named the Airline CEO of the Year (2009) by Jane's Transport Finance magazine in London.
IANS Sun, 29 Nov 2009 01:30:02 -0500
Lynn Gruber is monitoring the health care debate in Washington more closely than most people. If Congress passes legislation this year or early in 2010, it could mean the end of organizations like the...
Star Tribune Sun, 29 Nov 2009 01:18:01 -0500
I've always considered myself a savvy shopper, with coupons and calculator in hand. But lately I've begun to wonder. Like when I go to a discount store to buy the cheapest milk but drive away with a c...
Star Tribune Sun, 29 Nov 2009 01:17:58 -0500
BEIJING (Reuters) - China will expand schemes that give consumers a discount if they trade in old cars and household appliances for new ones, according to Vice Commerce Minister Jiang Zengwei.
Reuters Sat, 28 Nov 2009 23:28:50 -0500
Amid a sluggish economy, retailers are targeting this season's holiday buyers in full force. Ben Tracy reports on the latest efforts and bargains which stores are using in an attempt to lure shoppers.
CBS News Sat, 28 Nov 2009 23:26:09 -0500
The Silk Road, China's most notorious trade route for the last two millennia, now features thousands of miles of modern expressways. CBS News' Terry McCarthy reports from the oasis city of Turpan.
CBS News Sat, 28 Nov 2009 23:26:09 -0500
WESTBURY, N.Y. - Police say a fire has broken out among Christmas trees for sale outside a Walmart on New York's Long Island during a busy holiday shopping weekend. Nassau County police say in a sta...
Star Tribune Sat, 28 Nov 2009 22:28:02 -0500
Iain Banks, Gordon Roddick and convenor of the Church of Scotland are among signatories to a letter calling for action over the bank's financing for the Cadbury bid and tar sands projects...
Guardian Sat, 28 Nov 2009 22:20:11 -0500
WASHINGTON - The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage companies to do more to help people remain in their homes, off...
Star Tribune Sat, 28 Nov 2009 20:48:33 -0500
City sources say Hershey is ready to offer $17bn, trumping Kraft's $16.2bn bid, which has fallen in value because the shares component has been hit by a fall in its stock price.
Guardian Sat, 28 Nov 2009 20:39:48 -0500
The Marriott hotel chain, with its emblematic red sign, is one of the most recognisable brands in the world. But the corporate behemoth has a new plan... it's about to go undercover.Realising that cor...
Guardian Sat, 28 Nov 2009 20:39:45 -0500
An American Express advertising campaign claiming consumers can commonly buy small, everyday items such as a morning coffee or newspaper with their cards doesn't ring true...
Guardian Sat, 28 Nov 2009 20:39:43 -0500
It is one of the self-serving myths of our time that business is best conducted in luxury surroundings with gourmet food and expensive wine. We could rebuild all Cumbria's bridges with the tax concess...
Guardian Sat, 28 Nov 2009 20:39:40 -0500
Lord Pearson of Rannoch, the new leader of Ukip. Photograph: Jonathan Hordle/Rex The insurance business that made the fortune of the new leader of the...
Guardian Sat, 28 Nov 2009 20:39:38 -0500
Cadbury is a great British company. It makes chocolate we love, but, more important, it embodies a noble tradition in British capitalism. It is innovative and cares for workers and customers alike. Th...
Guardian Sat, 28 Nov 2009 20:39:36 -0500
Borders has gone belly-up, Amazon thrives, and doom-mongers are proclaiming the death of literature on the high street. But this could be the opening of a fine new chapter…...
Guardian Sat, 28 Nov 2009 20:39:33 -0500
Compare and contrast. In a US court, Judge Jeffrey Spinner wrote off a mortgage debt of £300,000 owed by a couple who had fallen behind on their payments because of their lender's behaviour, which he...
Guardian Sat, 28 Nov 2009 20:39:30 -0500
Will Lewis , hero of Expensesgate, editor of 2009 on any likely awards count, returns from a term at Harvard Business School and heads to an unprepossessing office block in Euston. His chair on the da...
Guardian Sat, 28 Nov 2009 20:39:27 -0500
The Advertising Standards Authority of South Africa is investigating the televised Omo Challenge, in which mothers are invited to wash dirty shirts for the chance to win bursaries for their children. ...
Guardian Sat, 28 Nov 2009 20:39:25 -0500
Dubai World's collapse alarmed investors and was a blow for a ruler who wanted to create an Arab city of global significance. But for all its faults it remains a rare oasis of Middle East moderation a...
Guardian Sat, 28 Nov 2009 20:39:23 -0500
Britain's major supermarket chains have been lobbying senior civil servants and ministers to reject proposals that would put their relationships with suppliers under the authority of an independent om...
Guardian Sat, 28 Nov 2009 20:39:19 -0500
OIL really is running out faster than is generally realised then the real price of crude should be well over double the current already high price of about $75 a barrel, experts believe.A level of $20...
Guardian Sat, 28 Nov 2009 20:39:16 -0500
Oil & Gas has just started drilling in Lincolnshire, part of a long tradition of small companies hoping to strike "black gold" in Britain. But, whereas hope springs eternal in the minds of the oil...
Guardian Sat, 28 Nov 2009 20:39:15 -0500
David Cameron appears to have had, if not a change of mind, then at least an inclination to change the emphasis of his approach to what is still a very uncertain macroeconomic prospect.(Before we proc...
Guardian Sat, 28 Nov 2009 20:39:13 -0500
MORE THAN A quarter of a century ago, woolly cardigans at the ready, breakfast TV was the happening thing. At last, bleary-eyed Brits could look at a screen as they ate their toast. And 16 years ago, ...
Guardian Sat, 28 Nov 2009 20:39:12 -0500
In this week's installment, Chris Wragge and Erica Hill go "Under The Radar" with a funny video involving tennis star Roger Federer continuously cracks up over an interview in Spanish.
CBS News Sat, 28 Nov 2009 20:10:11 -0500
BOSTON - A mother in Boston tells police her 8-year-old boy was shot to death in their apartment by gunmen in hooded sweat shirts during a home invasion. Officers later receive a text message from a...
Star Tribune Sat, 28 Nov 2009 19:13:54 -0500
It's easy to see why Murdoch might like Ballmer's proposal. Murdoch has been grumbling for a while now about Google getting a free ride on his content. Google creates abstracts of news articles, place...
MSNBC Sat, 28 Nov 2009 19:10:18 -0500
Responsibletravel.com, the online agent that runs the Responsible Travel Awards, has turned its back on carbon offsetting – where travellers pay for carbon-reduction programmes to compensate for fli...
Guardian Sat, 28 Nov 2009 19:05:31 -0500
SIR DAVID Walker's review into corporate governance in financial services was met with surly approval from the industry last week. Many bankers feel aggrieved at being blamed for the crisis, but are s...
Guardian Sat, 28 Nov 2009 19:05:26 -0500
THOSE HUGE visitor figures for newspaper websites are about to take a big tumble (after a mild subsidence in October). For one thing, the Audit Bureau of Circulation will soon start dishing them out a...
Guardian Sat, 28 Nov 2009 19:05:24 -0500
In this Oct. 27, 2009 photo, officer Michael Charbonnier, of the Boston Police Department's Crime Stoppers Unit, takes down information during a phone call to the Crime Stoppers Unit at a police stati...
Seattle Post-Intelligencer Sat, 28 Nov 2009 18:57:39 -0500
Ali had Frazier. Coke has Pepsi. The Yankees have the Red Sox. Now Wal-Mart, the mightiest retail giant in history, may have met its own worthy adversary, Amazon.com. In what is emerging as one of...
Salt Lake Tribune Sat, 28 Nov 2009 18:55:34 -0500
With 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, 28 Nov 2009 18:45:38 -0500
With 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, 28 Nov 2009 18:45:35 -0500
MONTREAL -- Locmotive engineers at Canada's largest railway walked off the job Saturday, starting a strike that one shipping industry group says could have major repercussions on the national economy ...
Financial Post Sat, 28 Nov 2009 18:45:33 -0500
OTTAWA -- 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, 28 Nov 2009 18:45:29 -0500
OTTAWA -- 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, 28 Nov 2009 18:45:28 -0500
Mr. Flaherty, speaking to reporters, said the Canadian banking regulator sees little or no impact in Canada from Dubai’s request for a standstill on payments of tens of billions of dollars of debt ....
Financial Post Sat, 28 Nov 2009 18:45:25 -0500
The 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, 28 Nov 2009 18:45:23 -0500
Canada'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, 28 Nov 2009 18:45:20 -0500
Shoppers 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, 28 Nov 2009 18:45:17 -0500
TORONTO -- 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, 28 Nov 2009 18:45:14 -0500
WINNIPEG, 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, 28 Nov 2009 18:45:12 -0500
CHICAGO -- Privately held Canadian lumber producer Tolko Industries said this week it will close indefinitely its lumber unit in High Level, Alberta, due to poor market conditions. News of the pendin...
Financial Post Sat, 28 Nov 2009 18:45:10 -0500
Investment bankers at RBC Capital Markets, TD Securities and other Canadian firms may see bonuses jump as much as 50% from last year after record stock sales and a surge in mergers fueled bank fees, a...
Financial Post Sat, 28 Nov 2009 18:45:08 -0500
STOCKHOLM -- General Motors Co said on Friday it was talking to possible buyers of Saab, four days before a GM board meeting considers whether to attempt to revive a sale process or eliminate the 60-y...
Financial Post Sat, 28 Nov 2009 18:45:06 -0500
TORONTO -- Canwest Global Communications Corp. said Friday it had a fourth quarter operating profit of $52-million before charges, compared with $60-million in the fourth quarter of 2008. For the ful...
Financial Post Sat, 28 Nov 2009 18:45:04 -0500
OTTAWA -- The sentiments of average consumers and chartered accountants are headed in opposite directions, according to a pair of reports released Thursday. The mood of Canadian consumers deteriorate...
Financial Post Sat, 28 Nov 2009 18:45:02 -0500
Rogers Communications Inc. beefed up its equity stake in rival Cogeco Inc. on Thursday in what some suggest is a clear sign to other would-be buyers that it intends to acquire the smaller cable TV com...
Financial Post Sat, 28 Nov 2009 18:44:59 -0500
OTTAWA -- A major Nortel Networks Corp. creditor is objecting to terms of a key division sale, saying Nortel turned down a higher cash offer. Ciena Corp. won the auction this week for the metropolita...
Financial Post Sat, 28 Nov 2009 18:44:56 -0500
Hopes that Bombardier Inc. might be able to stave off further production cuts in its regional-jet program fell flat Thursday with the Montreal transportation giant saying it would be forced to cut an ...
Financial Post Sat, 28 Nov 2009 18:44:48 -0500
MONTREAL -- At some points in the game, the water looks real; clear at some angles to reveal the rocks below, at other angles, thick and murky. When your character hops into a helicopter, the exhaust ...
Financial Post Sat, 28 Nov 2009 18:44:44 -0500
On Thursday, federal regulators approved a request to add Al Jazeera English to the list of satellite services eligible to be distributed in Canada.
Financial Post Sat, 28 Nov 2009 18:44:42 -0500
In its fiscal second-quarter budget update, the Alberta government said it expects a deficit of $4.3-billion for the current fiscal year, down from its first-quarter forecast for a $6.9-billion ...
Financial Post Sat, 28 Nov 2009 18:44:32 -0500
NEW YORK -- One of News Corp Chief Executive Rupert Murdoch's sons sold about US$27.6-million of his shares the media company this week as his investment company purchased a large stake in an Australi...
Financial Post Sat, 28 Nov 2009 18:44:31 -0500
Web and video posts are feeding a new form of “silent attrition, where customers switch companies without complaining directly,” Frank Sherlock, senior vice-president at Cincinnati-based Convergys...
Financial Post Sat, 28 Nov 2009 18:44:30 -0500
Bidding wars and higher interest costs have lead to the inevitable - a drop in housing affordability for the first time in five quarters, according to a new index produced by the Royal Bank of Canada....
Financial Post Sat, 28 Nov 2009 18:44:27 -0500
BEIJING -- China faces a protectionist backlash next year because its manufacturers are saddled with overcapacity and are offloading excess output into world markets, the European Union Chamber of Com...
Financial Post Sat, 28 Nov 2009 18:44:25 -0500
Electric cars may be coming, but they will come much more slowly than you might expect from all the publicity. The price is one problem. It's the batteries. To get an e-car with more range, you need m...
Financial Post Sat, 28 Nov 2009 18:44:22 -0500
CANBERRA -- Looking to work overseas? Head to Canada, Australia or Thailand, according to an annual global survey which found recession-hit Britain was one of the worst locations to live for expatriat...
Financial Post Sat, 28 Nov 2009 18:44:06 -0500
NEW YORK/LONDON -- Gold prices hit record highs above US$1,190 an ounce Wednesday as the dollar fell sharply and the market expected central banks from emerging economies to keep buying bullion from t...
Financial Post Sat, 28 Nov 2009 18:44:01 -0500
OTTAWA -- Don't look now, but Canadian governments are returning in increasing fashion to foreign markets to help finance their day-to-day operations - something they last did with great regularity in...
Financial Post Sat, 28 Nov 2009 18:43:59 -0500
Onex Corp said Wednesday it had sold another part of its interest in Emergency Medical Services Corp in a secondary offering, for proceeds of about US$151-million. The Canadian private-equity firm sai...
Financial Post Sat, 28 Nov 2009 18:43:58 -0500
Canadian home resale prices rose for a fifth straight month in September on gains in five of six major metropolitan markets surveyed, according to a report on Wednesday.
Financial Post Sat, 28 Nov 2009 18:43:57 -0500
NEW YORK -- AIG and former chief executive Maurice "Hank" Greenberg have reached an agreement to bury a long-standing, bitter legal battle and the insurer will turn over materials the former boss can ...
Financial Post Sat, 28 Nov 2009 18:43:55 -0500
Canadian National, the country’s biggest railway, said it is urging the Teamsters union, which represents the engineers, to resume negotiations immediately.
Financial Post Sat, 28 Nov 2009 18:43:53 -0500
CHICAGO -- Wall Street's main barometer of investor sentiment did not show much fear on Wednesday, as it sank to its lowest level in 15 months. The Chicago Board Options Exchange Volatility Index, kn...
Financial Post Sat, 28 Nov 2009 18:43:50 -0500
Dan Fortin, part 2 FP Executive's John Turley-Ewart speaks with Dan Fortin, President IBM Canada, about what differentiates Canadian managers.
Financial Post Sat, 28 Nov 2009 18:43:48 -0500
General Motors Co. confirmed Wednesday it will build the Buick Regal sedan at its Oshawa, Ont. assembly plant just east of Toronto, one of five vehicles the automaker commited to producing in Canada u...
Financial Post Sat, 28 Nov 2009 18:43:44 -0500
OTTAWA -- Earnings by Canadian companies rose in the third quarter of 2009 after three straight quarterly declines, Statistics Canada said Wednesday. Operating profits were up 7.9% to $54.1-billion d...
Financial Post Sat, 28 Nov 2009 18:43:36 -0500
WASHINGTON -- The number of U.S. workers filing new applications for jobless insurance tumbled last week to the lowest level in more than a year and consumer spending rose, adding to evidence the worl...
Financial Post Sat, 28 Nov 2009 18:43:33 -0500
The board of Cossette Inc. urged its shareholders Wednesday to reject an amended offer from Cosmos Capital Inc. made last week in favour of an identical deal from a U.S. firm, as a tug-of-war over the...
Financial Post Sat, 28 Nov 2009 18:43:29 -0500
LONDON -- Britain's economy shrank for a sixth consecutive quarter in the three months to September but at a slower pace than previously reported, keeping alive expectations of a return to growth befo...
Financial Post Sat, 28 Nov 2009 18:43:20 -0500
STOCKHOLM -- General Motors appears to still hope to sell its Swedish Saab Automobile unit despite a deal collapsing, a Swedish government official said on Wednesday. "I talked to GM last night and m...
Financial Post Sat, 28 Nov 2009 18:43:18 -0500
UBS AG plans to hire more than a dozen sales and trading staff to bolster its equities business in Canada over the next two years after receiving a record number of job requests from employees at riva...
Financial Post Sat, 28 Nov 2009 18:43:15 -0500
A surge in office construction in Toronto's downtown may push the city's vacancy rate higher than New York and Boston after developers added space during the first recession in 17 years. The prop...
Financial Post Sat, 28 Nov 2009 18:43:09 -0500
OTTAWA -- Saskatchewan will surpass Ontario this year as Canada's second-wealthiest province as measured by living standards, the result of a recession that has shown no mercy on the country's industr...
Financial Post Sat, 28 Nov 2009 18:43:07 -0500
TORONTO -- A potential labour disruption could be looming at Canadian National Railway Co. after the country's largest railway decided to unilaterally impose contract changes on 1,700 of its engineers...
Financial Post Sat, 28 Nov 2009 18:43:04 -0500
Platinum and palladium miners in North America form an exclusive club, to say the least. Right now, there is exactly one pure-play producer of the two metals operating in North America: Stillwater Mi...
Financial Post Sat, 28 Nov 2009 18:42:59 -0500
MONTREAL -- Despite posting losses in net earnings and revenues because of lower fuel margins in the United States and a weaker Canadian dollar, Alimentation Couche-Tard Inc., North America's largest ...
Financial Post Sat, 28 Nov 2009 18:42:58 -0500
In court documents, a judge said: "The technological advantage that allowed Rogers to represent that it has Canada's most reliable network has disappeared."...
Financial Post Sat, 28 Nov 2009 18:42:57 -0500
TORONTO - Telus Corp. brought a fresh idea to an old and contentious debate Tuesday that the telecommunications giant says will open up tens of millions of dollars to assist Canada's ailing broadcast ...
Financial Post Sat, 28 Nov 2009 18:42:55 -0500
TORONTO -- Canadian officials have approved a landmark search advertising deal between Microsoft Corp. and Yahoo Inc., but the deal still faces potential antitrust hurdles in both the United States an...
Financial Post Sat, 28 Nov 2009 18:42:54 -0500
NEW YORK -- Microsoft Corp's Chief Financial Officer Chris Liddell is to leave the company at the end of the year, indicating that he is looking for a bigger job at another company. Mr. Liddell, 51, ...
Financial Post Sat, 28 Nov 2009 18:42:51 -0500
A picture taken on November 8, 2009, in Paris shows an image from the "Facebook" page of French President Nicolas Sarkozy, called "Memories of the fall of the Berlin wall, on November 9, 1989." The .....
Financial Post Sat, 28 Nov 2009 18:42:50 -0500
Torstar Corp.'s Toronto Star, Canada's biggest newspaper, which plans to cut 78 editing jobs, or about a fifth of its editorial staff, to reduce expenses by $4-million annually, will contract out the ...
Financial Post Sat, 28 Nov 2009 18:42:47 -0500
Federal Reserve officials are increasingly confident in a durable recovery for the U.S. economy, even though they do not see employment picking up soon, according to minutes from their November ...
Financial Post Sat, 28 Nov 2009 18:42:45 -0500
The Sri Lankan-born billionaire is the most prominent of 20 people who face criminal or civil charges in the largest U.S. hedge fund insider trading case on record and Wall Street’s first insider .....
Financial Post Sat, 28 Nov 2009 18:42:43 -0500
STOCKHOLM -- Sweden effectively ruled out a state bailout of GM's loss-making Saab unit on Tuesday after tiny luxury car firm Koenigsegg pulled out of a bid for one of the Nordic country's best-known ...
Financial Post Sat, 28 Nov 2009 18:42:42 -0500
OTTAWA -- The robust retail data for September suggest domestic consumption was strong enough to help Canada post positive growth for the third quarter and, technically, pull the country out of a rece...
Financial Post Sat, 28 Nov 2009 18:42:41 -0500
Apartments on Isabella Street in Toronto, Ont. Apartment buildings generally held their value through the recession. Brett Gundlock/National Post Ugo Bizzarri's Timbercreek Asset Management Inc. ...
Financial Post Sat, 28 Nov 2009 18:42:35 -0500
SHANGHAI/HONG KONG -- Chinese banks, under government pressure to shore up their finances, are set to unleash a wave of billions of dollars in capital raising that could strain equity markets but also...
Financial Post Sat, 28 Nov 2009 18:42:34 -0500
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