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WASHINGTON

For those using data from ADP Employer Services to formulate a U.S. payroll forecast, beware of December, said economists like JPMorgan’s Michael Feroli and Barclays Capital’s Michael Gapen.
“I don’t think ADP has been particularly useful in forecasting” the government’s employment figures, Feroli said in a telephone interview from his New York office. “ADP has […]

Torstar Corp. says it has completed the first stage of the sale of its 20-per-cent stake in CTVglobemedia Inc.
Torstar said Tuesday it has received $40 million in proceeds in connection with the acquisition by The Woodbridge Co. Ltd. of a direct interest in the Globe and Mail newspaper, which was completed on Dec. 21.
The move […]

The number of homeowners who owe more than their houses are worth fell for the third straight quarter this summer.
About 10.8 million households, or 22.5 percent of all mortgaged homes, were underwater in the July-September quarter, housing data firm CoreLogic said Monday. That’s down from 23 percent, or 11 million households, in the second quarter.
The […]

Police with riot shields and batons pushed angry student protesters away from London’s Parliament Square on Thursday as lawmakers debated a controversial plan to triple university tuition fees in England.
Thousands of students held demonstrations and sit-ins throughout the country, heaping pressure on the government to reverse course.
Small groups of protesters threw flares, billiard balls and […]

Ireland’s finance minister said Sunday that he would back a move to ask the international community for tens of billions of euros in loans and guarantees to keep his country’s crisis-hit finances afloat.
Brian Lenihan said that the country was running a deficit of 19 billion euros which it could not afford to finance at current […]

Britain had a larger budget deficit in October than economists forecast, underlining the challenge facing Prime Minister David Cameron as he tries to cut record levels of borrowing.
The shortfall was 9.8 billion pounds ($15.6 billion), the largest for any October since at least 1993 and up from 9.4 billion pounds a year earlier, the […]

Emirates airline is once again flying the double-decker Airbus A380 to New York after more than a yearlong hiatus.
The Dubai-based carrier relaunched service Monday with an 8:30 a.m. flight from the Persian Gulf city-state.
Emirates was the first airline to regularly fly the superjumbo to the U.S. in 2008. It halted service less than a year […]

The United Way of Central New Mexico’s Women in Philanthropy group has awarded $82,000 to five nonprofits to enhance women’s self-sufficiency.
Southwest Creations Collaborative will receive $30,000. The nonprofit employs low-income, mostly Spanish-speaking women who do sewing, piece-work and light manufacturing and who can access classes on-site to learn English and computer skills, complete their GED […]

One of Central Ohio’s largest technology companies will have a new owner.
IBM Corp. has agreed to acquire Columbus-based Sterling Commerce Inc. in a $1.4 billion deal, the technology giant disclosed Monday.
Columbus Business First reported earlier this month that Armonk, N.Y.-based IBM was a likely suitor to buy Sterling from Dallas-based AT&T Inc. Sterling Commerce is […]