Top Stories: Over the next three years, Fiat in Italy will increase production to one million new cars. Big News Network.com Thu, 24 Dec 2009 02:32:06 -0500A new chain of government-run retail stores that will sell cut rate goods has been sanctioned by... Big News Network.com Thu, 24 Dec 2009 02:30:01 -0500UAE banks have reported that their loan-to-deposit gaps for the month of November have shrunk. Big News Network.com Thu, 24 Dec 2009 02:27:21 -0500North and South American users of the BlackBerry smartphone have suffered widespread delays in message services this week. Big News Network.com Thu, 24 Dec 2009 02:12:57 -0500Microsoft Corp has told a US court of appeals it will tweak its Word application to remove a feature which has been judged to be a breach of patent. Big News Network.com Thu, 24 Dec 2009 02:10:42 -0500It was a blue ribbon day Wednesday for the Nasdaq while the broader market was limited in its advance. Big News Network.com Wed, 23 Dec 2009 16:06:28 -0500The World Bank has approved a $500 million loan to Vietnam. Big News Network.com Wed, 23 Dec 2009 20:14:36 -0500The UK’s most popular car of the decade has been named. Big News Network.com Wed, 23 Dec 2009 20:04:43 -0500The US Department of Justice, in ruling on a proposed airline deal, has warned trans-Atlantic airfares could rise as much as 15 per cent. Big News Network.com Wed, 23 Dec 2009 19:57:33 -0500London, Dec 24 : Cellphones are frequently used for making videos during public events or street performances. Now, Microsoft researchers in Cairo have came up with a novel way to combine the video from multiple phones taken from the same scene into larger, more detailed footage to be broadcast live online. ANI Thu, 24 Dec 2009 04:30:09 -0500Toronto, Dec 24 (IANS) A tiny Canadian IT firm, which won a big patent-infringement victory against software giant Microsoft Tuesday, couldnt have wished for a better Christmas gift. They are hoping the global publicity will spell growth in its fortunes. IANS Wed, 23 Dec 2009 22:40:01 -0500San Francisco, Dec 24 (DPA) Microsoft Wednesday issued a patch for its Word software to comply with a court ruling Tuesday that it infringed on patents relating to the use of XML or extensible markup language in its flagship word processing software. IANS Wed, 23 Dec 2009 21:10:02 -0500Budgeting baby clothes Eve is finally growing out of all her initial clothing gifts and now I’m going to have to start spending out of my own pocket. Market Watch Thu, 24 Dec 2009 12:09:02 -0500WASHINGTON--A beef industry group has challenged a ruling by U.S. environmental regulators that greenhouse gas emissions endanger human health, saying the move would hurt agriculture. The ruling ear... Fox Business Thu, 24 Dec 2009 12:07:54 -0500DETROIT/AMSTERDAM--General Motors Co is pressing ahead with plans to shut down Saab as chances of a deal to sell the Swedish brand to Dutch sports car builder Spyker Cars remain remote, a person fami... Fox Business Thu, 24 Dec 2009 12:07:53 -0500NEW YORK -- Natural-gas futures erased their earlier gains Thursday, heading lower as the Energy Information Administration data showed a smaller-than-expected drop in U.S. inventories last week. Nat... Fox Business Thu, 24 Dec 2009 12:07:51 -0500NEW YORK--U.S. mortgage rates rose for a third consecutive week, a closely watched mortgage survey showed Thursday, piercing a key 5-percent level that may deter home loan demand and hinder the housi... Fox Business Thu, 24 Dec 2009 12:07:48 -0500NEW YORK--The dollar fell against the euro Thursday, extending losses after weak U.S. housing data the previous day, as investors sought to lock in gains on the greenback's recent rally. The dollar'... Fox Business Thu, 24 Dec 2009 12:07:47 -0500U.S. retailers used extra promotions and extended hours to draw procrastinators and shoppers delayed by the East Coast snowstorm in the final stretch before Christmas. Target Corp. extended its h... Financial Post Thu, 24 Dec 2009 12:06:16 -0500John Bitove, executive chairman of Priszm Income Fund, which owns the KFC, Taco Bell and Pizza Hut chains in Canada. The company said on Thursday that it has sold a salad-making factory in Toronto for... Financial Post Thu, 24 Dec 2009 12:06:14 -0500Goldcorp Inc. has hiked its bid for Canplats Resources Corp. to match the rival offer tabled by Minera Penmont, a joint venture between Fresnillo PLC and U.S. gold giant Newmont Mining Corp. Gold... Financial Post Thu, 24 Dec 2009 12:06:12 -0500Glencore International AG, the world's largest commodity trader, is considering an initial public offering after the credit crisis and tumbling commodity prices threatened to curb its funding. Financial Post Thu, 24 Dec 2009 12:06:11 -0500Canadian stocks rose in early trading as gold and oil rose and economic indicators pointed to continuing recovery in the United States. The Toronto Stock Exchange's benchmark index, the S&P/T... Financial Post Thu, 24 Dec 2009 12:06:09 -0500WASHINGTON -- New orders for long-lasting U.S. manufactured goods excluding transportation surged in November, and applications for jobless benefits fell last week, pointing to a firmly entrenched eco... Financial Post Thu, 24 Dec 2009 12:06:08 -0500PARIS -- World stocks extended gains to their highest level in almost three weeks on Thursday while oil also gained as investors confident of a strong global economic recovery into 2010 chased risky a... Financial Post Thu, 24 Dec 2009 12:06:04 -0500(CBS) As tough as 2009's been on the pocketbooks of many of us, there could be a silver lining: lessons to take from it that could help you in 2010 and beyond. On "The Early Show" Thursday,... CBS News Thu, 24 Dec 2009 12:04:23 -0500S&P equity analyst Scott Kessler noted on Dec. 24 that Google, in a posting on its Public Policy Blog, disclosed a "second request" from the FTC regarding its proposed acquisition of mobile advertisin... Business Week Thu, 24 Dec 2009 11:43:11 -0500The Dow Jones Industrial Average (DJI) was up 26 points, or 0.3%, at 10,491, in early trading. Travelers (TRV) was the Dow's top performer, up 1.1%. Morning Star Thu, 24 Dec 2009 11:38:37 -0500The Dow Jones Industrial Average (DJI) was up 26 points, or 0.3%, at 10,491, in early trading. Travelers (TRV) was the Dow's top performer, up 1.1%. Morning Star Thu, 24 Dec 2009 11:38:25 -0500The Dow Jones Industrial Average (DJI) was up 26 points, or 0.3%, at 10,491, in early trading. Travelers (TRV) was the Dow's top performer, up 1.1%. Morning Star Thu, 24 Dec 2009 11:38:19 -0500NEW YORK – Stocks rose modestly Thursday morning after new reports on unemployment and durable goods orders showed the economy is continuing its recovery. The upbeat figures helped assuage investor... SINA Thu, 24 Dec 2009 11:36:47 -0500Energy prices are ending the year on an upswing with large storms, falling supplies, a weak dollar and a slightly better employment picture sending futures higher. Crude futures erased early declines... Star Tribune Thu, 24 Dec 2009 10:56:28 -0500NEW YORK (MarketWatch) -- Energy stocks rose despite bearish natural gas inventory data on Thursday, as investors kept an eye on gains in the broad market during the holiday-shortened session. MarketWatch Thu, 24 Dec 2009 10:51:14 -0500SAN FRANCISCO (MarketWatch) - US Airways Group led a modest rally in the airline sector in Thursday's holiday-shortened session as the price of crude oil pulled back from recent highs. MarketWatch Thu, 24 Dec 2009 10:51:13 -0500NEW YORK (MarketWatch) -- U.S. financial stocks delivered a little early Christmas cheer to investors Thursday morning, posting modest gains and helping lift the broader market the day before the holi... MarketWatch Thu, 24 Dec 2009 10:51:11 -0500Details on the durables report. Dow futures climbed earlier in the morning after the Senate approved landmark health-care legislation, as expected. But passage of the bill is unlikely to significan... MarketWatch Thu, 24 Dec 2009 10:51:10 -0500NEW YORK (Marketwatch) -- Treasury prices declined on Thursday, pushing 10-year yields to four-month highs, after a pair of reports showed jobless claims fell and a measure of durable-goods orders inc... MarketWatch Thu, 24 Dec 2009 10:51:08 -0500NEW YORK (MarketWatch) -- Crude-oil futures edged higher in choppy Thursday trading, adding to their weekly gains as a better-than-expected report on U.S. jobless claims and a weaker dollar lifted pri... MarketWatch Thu, 24 Dec 2009 10:51:06 -0500NEW YORK (MarketWatch) -- Gold futures rose Thursday for a second session, continuing to rebound from their seven-week lows as a weaker dollar raised the metal's investment appeal. The dollar rem... MarketWatch Thu, 24 Dec 2009 10:51:04 -0500By LAURIE KELLMANASSOCIATED PRESS WRITER WASHINGTON -- The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit and a polit... Seattle Post-Intelligencer Thu, 24 Dec 2009 10:38:25 -0500Details on the durables report. Dow futures climbed earlier in the morning after the Senate approved landmark health-care legislation, as expected. But passage of the bill is unlikely to significan... Market Watch Thu, 24 Dec 2009 10:24:13 -0500When Eric Agius paid his first visit to Seoul, Korea, six weeks ago, the first thing he saw upon clearing customs was a giant display screen built by LG Electronics Inc. It was like a giant welcome m... Financial Post Thu, 24 Dec 2009 10:23:04 -0500The Canadian economy strung together back-to-back months of growth for the first time in almost two years, but economists warn that consumers and government stimulus have been "carrying the ball" by f... Financial Post Thu, 24 Dec 2009 10:23:03 -0500OTTAWA -- Canada's economy rose 0.2% in October, the second straight monthly gain, Statistics Canada reported Wednesday, but growth was at a weaker pace than expected. Analysts were expecting a 0.3% ... Financial Post Thu, 24 Dec 2009 10:23:02 -0500PARIS -- World stocks extended gains to their highest level in almost three weeks on Thursday while oil also gained as investors confident of a strong global economic recovery into 2010 chased risky a... Financial Post Thu, 24 Dec 2009 10:23:00 -0500The oil sands, site of billions of dollars of energy development in northeast Alberta, found itself in the crosshairs of environmentalists — and took heat from Ontario and Quebec officials — durin... Financial Post Thu, 24 Dec 2009 10:22:59 -0500BlackBerry service resumed as phone maker Research In Motion Ltd. released new software to fix program flaws, which caused a second disruption in less than a week. The interruption was resolved l... Financial Post Thu, 24 Dec 2009 10:22:56 -0500Intrawest ULC, a Vancouver-based ski-resort operator owned by private-equity firm Fortress Investment Group LLC, is in talks with lenders about a debt payment due Wednesday on a US$1.4- billion loan, ... Financial Post Thu, 24 Dec 2009 10:22:55 -0500WASHINGTON -- Convicted swindler Bernard Madoff was moved last week to the medical center within a federal prison for undisclosed reasons, a spokeswoman for the Federal Bureau of Prisons said on Wedne... Financial Post Thu, 24 Dec 2009 10:22:51 -0500LONDON -- White sugar futures on Liffe rose on Wednesday to a record high for the benchmark front month, boosted by reduced crop prospects in top exporter Brazil following heavy and persistent rains. ... Financial Post Thu, 24 Dec 2009 10:22:49 -0500NEW YORK -- Oil rose above US$76 a barrel on Wednesday after key inventory data out of the United States showed crude oil inventories in the world's energy consumer fell more than expected. Commercia... Financial Post Thu, 24 Dec 2009 10:22:47 -0500SAN FRANCISCO -- Airline stocks rose early in Thursday's holiday-shortened session, led by 2.5% gain in shares of US Airways Group as oil prices drifted lower. The NYSE Arca Airline Index moved fract... Fox Business Thu, 24 Dec 2009 10:22:46 -0500NEW YORK -- Wells Fargo also paid dividends of US$131.9-million to the government as part of the repayment, it said in a statement. The bank has paid US$1.44-billion in dividends on the government's ... Financial Post Thu, 24 Dec 2009 10:22:45 -0500SAN FRANCISCO -- U.S. stock indexes opened higher Thursday, supported by early reports that showed U.S. jobless claims in the latest week fell to 452,000 and orders for durable goods, excluding trans... Fox Business Thu, 24 Dec 2009 10:22:45 -0500SAN FRANCISCO -- Technology stocks were on the rise Thursday in what was expected to be a quiet trading session in advance of the Christmas holiday. Advancers included Apple Inc. , Cisco Systems Inc.... Fox Business Thu, 24 Dec 2009 10:22:44 -0500WASHINGTON/TORONTO -- Canadian fertilizer maker Agrium, which is attempting a hostile takeover of U.S. rival CF Industries CF.N, has won U.S. antitrust approval of the proposed deal after agreeing to ... Financial Post Thu, 24 Dec 2009 10:22:43 -0500QCOR ) said the U.S. Food and Drug Administration plans to review its application to market Acthar to treat infantile spasms, paving the way for potential clearance by June. The drug has already re... Fox Business Thu, 24 Dec 2009 10:22:42 -0500NEW YORK -- Sales of newly built U.S. single-family homes fell to their lowest level in seven months in November, a blow to the housing market's recovery. The Commerce Department said sales dropped 1... Financial Post Thu, 24 Dec 2009 10:22:41 -0500WASHINGTON--A divided U.S. Senate gave final congressional approval Thursday to a $290 billion hike in the federal debt limit, enough to finance the record U.S. deficit for another two months while t... Fox Business Thu, 24 Dec 2009 10:22:41 -0500Nortel Networks Corp., the bankrupt Canadian maker of phone equipment, agreed to sell its unit that provides Internet-calling gear to Genband Inc. for US$282-million. Genband, a closely held comp... Financial Post Thu, 24 Dec 2009 10:22:36 -0500Ford Motor Co. agreed with China's Zhejiang Geely Holding Group Co. on most terms about a sale of its Volvo Car Corp. unit and the automakers aim to complete the transaction in the second quarter. ... Financial Post Thu, 24 Dec 2009 10:22:35 -0500Canada's Finance Minister Jim Flaherty said China, with the world's largest currency reserves of US$2.3-trillion, may be poised to buy Canadian dollars as it seeks to shield its reserves against the U... Financial Post Thu, 24 Dec 2009 10:22:33 -0500We must wait a decade to find out the true harm these financial institutions inflicted on investors. That’s when the restructured ABCP notes mature and the real price tag will be known. Financial Post Thu, 24 Dec 2009 10:22:23 -0500Billionaire Warren Buffett, chairman of Berkshire Hathaway Inc., told employees of Burlington Northern Santa Fe Corp. that he's buying the railroad because of its position in the U.S. West. "I think ... Financial Post Thu, 24 Dec 2009 10:22:16 -0500One of the strangest and sorriest episodes in the history of Canadian capital markets is back on the radar. Today, a group of people will try to reactivate an Ontario company that many investors woul... Financial Post Thu, 24 Dec 2009 10:22:15 -0500Canadian stocks climbed for the second straight day yesterday, after U.S. existing home sales topped expectations and hit their highest level since February 2007. The S&P/TSX composite index adva... Financial Post Thu, 24 Dec 2009 10:22:08 -0500NEW YORK -- Sales of previously owned U.S. homes surged to their highest level in almost three years, but the unexpectedly strong gain came mainly from a big tax-break for first-time homebuyers. Abse... Financial Post Thu, 24 Dec 2009 10:22:04 -0500VANCOUVER -- Shares in Ballard Power Systems rose more than 7% on Tuesday morning after the fuel cell maker agreed to offload its stake in a fuel cell research group for about $44.5-million. Ballard ... Financial Post Thu, 24 Dec 2009 10:21:56 -0500TORONTO -- Canadian merchant bank C.A. Bancorp Inc. urged shareholders on Tuesday to reject a $1.22 per share bid from private equity firm Maxam, saying the offer was too low and that it was talking t... Financial Post Thu, 24 Dec 2009 10:21:51 -0500OTTAWA -- Canada's auto industry will return to profitability in 2010 after enduring a year that shook the sector to its core, the Conference Board of Canada said in a report Tuesday. The board forec... Financial Post Thu, 24 Dec 2009 10:21:48 -0500OTTAWA - The number of people receiving employment insurance benefits declined in October, continuing a downward trend that began in July, Statistics Canada reported Tuesday. Regular EI beneficiaries... Financial Post Thu, 24 Dec 2009 10:21:47 -0500National Bank Financial Inc. has agreed to pay $75-million, while Canadian Imperial Bank of Commerce and its capital markets arm will hand over $22-million in settlements with regulators related to th... Financial Post Thu, 24 Dec 2009 10:21:43 -0500Scotiabank said Tuesday it will be the first Canadian bank to open its own branch in Dubai's financial district. The bank's ScotiaMocatta precious metals trading division has secured a licence fr... Financial Post Thu, 24 Dec 2009 10:21:41 -0500ATHENS -- Moody's Investors Service cut Greece's debt rating on Tuesday but partially reassured financial markets by saying the country remained far from a crisis, igniting a rally in Greek bonds and ... Financial Post Thu, 24 Dec 2009 10:21:39 -0500LUANDA -- OPEC oil producers agreed on Tuesday to keep their supply curbs unchanged but may face an uphill battle to improve compliance with those restrictions if they want to drain bulging global fue... Financial Post Thu, 24 Dec 2009 10:21:35 -0500Only allowing Chinese viewers to access sites registered on a whitelist would give Chinese authorities much greater control, but would also block millions of completely innocuous sites. Financial Post Thu, 24 Dec 2009 10:21:32 -0500EDMONTON -- Canadians who have profited from how our financial institutions weathered the global economic crisis wonder whether the punch bowl has been removed and the investment party is over. Since... Financial Post Thu, 24 Dec 2009 10:21:29 -0500Think of Canada's housing market as a ticking time bomb. Think of Finance Minister Jim Flaherty as the unlucky bomb disposal expert called in to deal with the problem. Flaherty is moving slowly - oh,... Financial Post Thu, 24 Dec 2009 10:21:28 -0500DETROIT/SEATTLE -- General Motors Co has hired Chris Liddell, the chief financial officer of Microsoft Corp, as its new finance chief, filling a key position with the automaker's highest-profile hire ... Financial Post Thu, 24 Dec 2009 10:21:26 -0500NEW YORK -- Santa came early for Wall Street this year by giving the S&P 500 a 22% gain for 2009, and with just eight trading days left in the year, stock investors are not expecting to find much ... Financial Post Thu, 24 Dec 2009 10:21:25 -0500Galleon hedge fund founder Raj Rajaratnam, right, and co-defendant Danielle Chiesi asserted their innocence Monday to charges of securities fraud, in what U.S. prosecutors describe as the biggest ... Financial Post Thu, 24 Dec 2009 10:21:23 -0500OTTAWA -- Consumer confidence rose in December following two months of declines, the Conference Board of Canada said Monday. The results of the board's monthly survey showed the greatest gains in exp... Financial Post Thu, 24 Dec 2009 10:21:16 -0500Dubai World, which met its creditors on Monday, said it would work with lenders to seek a debt standstill in "an orderly way" and will get government financial support if an agreement is reached. Financial Post Thu, 24 Dec 2009 10:21:14 -0500Merck & Co.'s Schering-Plough unit sued Canadian generic drugmaker Apotex Inc. in an effort to stop a copy of the Nasonex allergy inhaler from being marketed. Closely-held Apotex is seeking U.S. ... Financial Post Thu, 24 Dec 2009 10:21:13 -0500TLC Vision Corp. has agreed to sell its six laser eye centres in Canada as part of a pre-arranged creditor protection filing on Monday that will see the eye-care company emerge as a private entity. ... Financial Post Thu, 24 Dec 2009 10:21:12 -0500SAO PAULO -- Wal-Mart Stores, the world's largest retailer, will invest up to 2.2 billion reais (US$1.2-billion) in Brazil next year, the largest-ever expansion plan by the company in Latin America's ... Financial Post Thu, 24 Dec 2009 10:21:09 -0500Avaya Inc. plans to keep about 500 more employees than anticipated in the corporate-phone equipment unit bought from Nortel Networks Corp. last week, adding staff as the business improves. "We'll... Financial Post Thu, 24 Dec 2009 10:21:07 -0500Hammerson PLC, the part-owner of London's Brent Cross shopping centre, and Canada Pension Plan Investment Board bought Scotland's second-largest shopping mall for 297 million pounds (US$479-million.) ... Financial Post Thu, 24 Dec 2009 10:21:06 -0500BOSTON -- Healthcare shares rose on Monday as a bill to reform healthcare passed the first critical test in the Senate, putting it on track to be passed by Christmas and easing uncertainty over the im... Financial Post Thu, 24 Dec 2009 10:21:05 -0500Michael Nobrega, president and chief executive of Ontario Municipal Employees Retirement System (OMERS), wants the Ontario government to enact legislative changes immediately to make it easier for ... Financial Post Thu, 24 Dec 2009 10:20:59 -0500Competition will be the watchword for Canada's wireless industry next year, as established players face off against a cast of new entrants poised to steal market share. While the current operators ar... Financial Post Thu, 24 Dec 2009 10:20:57 -0500OTTAWA - As we head into the Christmas week, there will be a few more nuggets of economic data to chew on alongside your turkey and stuffing. Just as stores throughout the country are dealing with th... Financial Post Thu, 24 Dec 2009 10:20:54 -0500NEW YORK -- U.S. stock index futures were higher Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors. The heal... Financial Post Thu, 24 Dec 2009 10:20:53 -0500CHICAGO -- Walgreen Co WAG.N, the largest U.S. drugstore chain, reported a nearly 20% jump in quarterly profit as growth in sales of prescription drugs and flu shots offset the hit from consumers cutt... Financial Post Thu, 24 Dec 2009 10:20:51 -0500You still have a few more days to buy two toys for each child on your Christmas list. Make a gift of one, and hide away the other toy unopened in its original box for 20 years. In 2029, give the now-g... Financial Post Thu, 24 Dec 2009 10:20:47 -0500Former British prime minister Harold Wilson once observed that a week is a long time in politics. When Barack Obama comes home to Hawaii next Wednesday for his Christmas vacation, likely staying in th... Financial Post Thu, 24 Dec 2009 10:20:45 -0500It's the busiest time of the year for Moya Greene, chief executive of Canada Post Corp. As Christmas draws near, her employees are sorting through more than 60 million pieces of mail, parcels and mes... Financial Post Thu, 24 Dec 2009 10:20:43 -0500Holiday spending is rising again thanks to the end of the recession, but are we really getting our money's worth? A new study by the Bank of Nova Scotia says Canadians will spend $891 this holida... Financial Post Thu, 24 Dec 2009 10:20:38 -0500There's a simple way to give, then there's the 'leveraged' donation tax shelter -- a scheme that can get you in trouble with the tax man, Jamie Golombek writes. Financial Post Thu, 24 Dec 2009 10:20:36 -0500 | 
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