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Archive for 'business'

Saudi man arrested with pressure cooker at U.S. airport

May 14, 2013

DETROIT—A Saudi man arrested at Detroit Metropolitan Airport after federal agents said he lied about why he was travelling with a pressure cooker is due in court.
Hussain Al Khawahir is scheduled to appear Tuesday in U.S. District Court in Detroit for a hearing to determine whether he will be released on bond or detained.
Al Khawahir […]

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business, management - Comments closed

Chrysler recalls almost 470,000 Jeep SUVs

May 11, 2013

Chrysler is recalling 469,000 Jeep SUVs worldwide because they can shift into neutral without warning on startup.
The recall affects 2005 to 2010 Grand Cherokees and 2006 to 2010 Commanders.
U.S. safety regulators say cracks in a circuit board can cause a faulty signal as the SUVs are being started. If the vehicles shift into neutral they […]

business, lenders - Comments closed

Immigration bill confronts hundreds of amendments

May 8, 2013

Democratic and Republican senators have filed hundreds of amendments to a landmark immigration bill that will face its first votes this week in the Senate Judiciary Committee.
Many amendments filed by Republicans aim to boost border security and employment enforcement provisions in the bill. Supporters say that in some cases the real intent is to kill […]

business, technology - Comments closed

Toronto gives pedestrians more time to cross the street

May 5, 2013

Intersection by intersection, Mayor Rob Ford’s Toronto is quietly becoming friendlier to pedestrians.
Since January 2010, nearly a year before Ford took office, city transportation workers have been modifying hundreds of traffic signals per year to give people more time to cross the street.
Toronto previously required pedestrians to walk at 1.2 metres per second to […]

business, lenders - Comments closed

Stocks sink as economic outlook dims; Dow off 138

May 2, 2013

The stock market fell the most in two weeks as the outlook for the economy grew dimmer.
The Dow Jones industrial average fell 138 points to close at 14,701 Wednesday. The Standard & Poor’s 500 dropped 14 to 1,582. The Nasdaq lost 29 points to 3,299.
All three indexes fell 0.9 percent.
Small-company stocks fell more than the […]

business, money - Comments closed

Retail Employment Slumps Most in Year as Stores Cut Back - Bloomberg

April 5, 2013

Employment by retailers slumped the most in more than a year last month, hurting growth in the U.S. job market, as higher payroll taxes and concern fiscal policies will reduce consumer spending prompt companies to trim costs.
Retail employment declined by 24,000 in March, the most since February 2012, Labor Department data showed today in […]

Australia, business - Comments closed

UK official delivers another austere budget

March 20, 2013

Britain’s Treasury chief unveiled another tough budget Wednesday despite weakness in the economy that raised fears of a third recession in a little more than four years.
Though he offered beer drinkers and car drivers a tax break _ no doubt a popular move among some _ and provided incentives for home-buyers and investments in infrastructure […]

business, finance - Comments closed

Obama’s alternative energy bankruptcies

October 23, 2012

President Obama is getting hammered for funding renewable energy companies that have since gone belly up.
During the first presidential debate, Mitt Romney said “about half” of the companies funded by Obama’s administration went bankrupt. That is true — for just the first two years of the program that supported Solyndra, which the […]

business, lenders - Comments closed

Viacom and DirecTV in deal to restore programming

July 23, 2012

Viacom and DirecTV announced Friday that they have reached a deal, putting aside their dispute and allowing Viacom’s programming to immediately return to the airwaves.
The agreement ends a fee dispute that had interrupted programming since July 10.

Viacom blacked out channels for 20 million customers of DirecTV (, Fortune 500). Among the channels affected […]

business, technology - Comments closed

EI Reform: Unemployed Canadians face crackdown under federal changes

May 25, 2012

OTTAWA

business, stocks - Comments closed