Hot finance topics

Unionized workers at the Globe and Mail have rejected the latest contract offer from the company.
Editorial, advertising and circulation workers voted 89 per cent today against a revised proposal emailed to them Friday.
The high no vote – based on a 65 per cent turnout – comes just days ahead of a strike deadline […]

The Federal Reserve Bank of St. Louis named Christopher J. Waller senior vice president and director of research and Robert H. Rasch executive vice president and senior policy adviser.
Sachs Electric promoted Joseph T. Barnard to vice president, Sachs Select.
The Vandiver Group added Mike Amelung as Web developer and Kanna Taylor as a […]

Bailed out financial giant Citigroup said Wednesday it is going to the raise base salaries of its employees, although it is not planning to increase their total compensation.
"Retaining and attracting the best talent is very important to the success of Citi and all its stakeholders," said Citigroup, in a statement.
The company insisted that total […]

The Pentagon ordered an end to an expensive Army modernization program led by Boeing’s St. Louis-based Integrated Defense Systems.
In a statement released on Tuesday, the Defense Department said it has ordered a "transition" from the $160 billion Future Combat Systems program to a series of acquisition programs that would ultimately extend some high-tech […]

Apple is hopeful that the new iPhone 3G S, which was launched Friday, will help it fend off the increasing competition in the smartphone world.
It worked the last time. After Apple released the iPhone 3G in July 2008, its share leapt from 7.4% in the second quarter of last year to 30.1% in the […]

NEW YORK — They say one thing, but often mean another. It’s one reason credit card statements can slowly ensnare people into bigger debt loads. The mysterious stew of fine print on the back of bills doesn’t help clarify matters.
A law passed last month will bring some relief. Starting next year, credit card […]

The Bank of Japan should consider whether to stop pumping extra cash into the banking system by evaluating trends in corporate financing and the economy, some policy board members said last month.
They said whether to keep buying corporate debt from banks and providing them with unlimited loans after Sept. 30 “should be determined […]

The Bank of Japan should consider whether to stop pumping extra cash into the banking system by evaluating trends in corporate financing and the economy, some policy board members said last month.
They said whether to keep buying corporate debt from banks and providing them with unlimited loans after Sept. 30 “should be determined […]

Consumers should discontinue use of Zicam Cold Remedy nasal gel and related products because they can can permanently damage users’ sense of smell, the government said Tuesday.
In a press release, the U.S. Food and Drug Administration advised consumers to stop use of three over-the-counter Zicam Cold Remedy products: nasal gel, nasal swabs and the […]

Health care reform should mean all Americans can get coverage while allowing doctors to heal patients instead of being bureaucrats, President Barack Obama told the American Medical Association on Monday.
In a speech to the 158th annual meeting of the doctors’ advocacy organization, Obama called an overhaul of the ailing health care system the most […]