Last business news
August 16, 2011
The leaders of France and Germany are pushing all 17 nations that use the euro to enshrine balanced budgets in their constitutions and want greater collective governance of the eurozone.
French President Nicolas Sarkozy says he and German Chancellor Angela Merkel want a “true European economic government” that would consist of the heads of state and […]
August 7, 2011
The real danger from the downgrade of U.S. government debt by Standard & Poor’s isn’t higher interest rates. It’s the hit to the nation’s fragile economic psyche and rattled financial markets.
S&P’s decision to strip the U.S. of its sterling AAA credit rating for the first time and move it down one notch, to AA+, deals […]
July 16, 2011
A late rally Friday is helping the stock market avoid its worst weekly losses in nearly a year.
Concerns about Europe and weak U.S. factory output weighed on stocks on Friday. Those factors largely overshadowed a jump of nearly 13 percent for Internet-search giant Google after the company said its revenue hit an all-time high last […]
July 7, 2011
Volkswagen opened a plant in Tennessee last month with 2,000 workers. Honda is hiring 1,000 in Indiana to meet demand for its best-selling Civic. General Motors is looking for 2,500 in Detroit to build the Chevy Volt.
Two years after the end of the Great Recession, the auto industry is hiring again
July 4, 2011
When companies buy their own shares, they usually tout it as a benefit to shareholders.
The logic behind that is simple. If companies are buying, they must believe the share price is going to rise. Their confidence influences investors to bid the shares higher. Investors get higher returns and own more of the company because there […]
June 19, 2011
Hopes for a solution to Greece’s debt problems are helping stocks eke out their first week of gains since April.
Germany softened its stance on conditions for giving Greece more loans on Friday. Traders are hoping that the move will prevent Greece from defaulting on its loans and triggering another financial crisis.
The Dow Jones industrial average […]
June 13, 2011
The union representing 48,000 postal workers says Canada Post is trying to provoke a full walkout by cutting delivery to three days a week.
June 7, 2011
Five per cent more passengers travelled on Air Canada (TSX: AC.B) jets in May compared to the same month a year earlier, while competitor WestJet (TSX: WJA) saw a 3.1 per cent year-over-year increase as the major airlines gear up for the busy summer travel period.
Air Canada reported a load factor, a measure of how […]