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Archive for 'news'

Car accident victim wins challenge to Ontario

April 30, 2013

In September 2010, the Ontario government reduced the medical benefits you could get under your car insurance policy for injuries suffered in a motor vehicle accident.
The $100,000 limit for treatments not covered by the health care system was reduced to $50,000. But for accident victims who had minor injuries, such as strains, sprains and whiplash, […]

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Starbucks shrugs off New York ban on big sugary drinks

March 13, 2013

The new law will restrict sugary drinks to no more than 16 ounces. But a , Fortune 500) spokeswoman confirmed to CNNMoney that the coffee company isn’t making any immediate changes to its menu.

“Because customers can make so many choices in their beverages, we feel that most of […]

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New-home sales hit 2-year high

October 25, 2012

In another sign of a housing market recovery, new-home sales rose in September to the highest level in more than two years, according to a government report released Wednesday.
Sales sold at an annual rate of 389,000 homes in the month, according to the Census Bureau report, up 5.7% from the 368,000 sales […]

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Prosecutors: Madoff fraud started in 1970s

October 3, 2012

Federal prosecutors filed additional charges Monday against five former employees of Bernie Madoff, saying that his massive scheme to defraud investors started in the 1970s, much earlier than previously alleged.
Prosecutors said that the five long-time Madoff employees — Daniel Bonventre, Annette Bongiorno, Joann Crupi, Jerome O’Hara and George Perez — were all […]

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Federal Reserve officials debate easing options

August 23, 2012

Minutes released from the Federal Reserve’s latest meeting show the central bank is considering two key measures to boost the U.S. economy.
A third round of large bond purchases known as quantitative easing — or QE3 — is still on the table, as is a plan to lay out more explicit guidelines for […]

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Companies Grow Pessimistic About U.S. Economy, Survey Shows - Bloomberg

July 17, 2012

Companies are growing more pessimistic about the U.S. economy this year and plan to limit hiring as the European debt crisis hurts sales and concern rises over the looming so-called fiscal cliff, a survey showed.
Some 62 percent of businesses project no change in employment over the next six months, according results of a National […]

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Yen Rises to Six-Week High Versus Euro on Growth Concern - Bloomberg

July 12, 2012

The yen rose to the strongest level in almost six weeks against the euro as signs global growth is slowing underpinned demand for the relative safety of the Japanese currency.
The dollar appreciated versus all except one of its 16 major counterparts after South Korea unexpectedly cut interest rates and European and Asian stocks declined. […]

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Euro falls to two-year low against dollar (again)

July 11, 2012

The euro fell to another two-year low against the dollar Monday, as investors continue to seek safety in the greenback while they wait for the latest news from the eurozone.
The euro was trading at $1.22 against the U.S. dollar. The last time it was that low was June 2010. The European currency slid 1.2% […]

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Global Policy Easing Shows Pressure for Asia Rate Cuts: Economy - Bloomberg

July 6, 2012

Concerted monetary stimulus by central banks from China to Europe has reinforced the pressure for Asian policy makers to act as faltering global growth undermines demand for the region

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Rompuy

June 21, 2012

European Union President Herman Van Rompuy

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