Last business news
May 30, 2011
Natural disasters in Australia probably cut more than 1 percentage point from economic growth in the first quarter, Treasurer Wayne Swan said ahead of a government report this week on gross domestic product.
The June 1 report from the Bureau of Statistics likely will show a “dramatic hit” from floods and a cyclone in Queensland […]
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May 18, 2011
Rising prices for oil and other commodities prices pushed stocks up slightly in early afternoon trading Wednesday, but mixed earnings reports from retailers tempered the gains. The Dow Jones industrial average is still down 2.3 percent for the month.
The Dow rose 32 points, or 0.3 percent, to 12,512. The Standard & Poor’s 500 index rose […]
May 12, 2011
The head of cigarette maker Philip Morris International Inc. told a cancer nurse Wednesday that while cigarettes are harmful and addictive, it is not that hard to quit.
CEO Louis C. Camilleri’s statement was in response to comments at its annual shareholder meeting in New York. Executives from the seller of Marlboro and other brands overseas […]
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March 16, 2011
Global demand for U.S. stocks, bonds and other financial assets fell in January from a month earlier on declines in purchases of U.S. Treasury securities, according to the government’s international capital data.
Net buying of long-term equities, notes and bonds totaled $51.5 billion during January compared with net buying of $62.5 billion in December, according […]
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March 6, 2011
Kellwood hasn’t been the sort of company you would expect to make a splash on the runways at New York Fashion Week.
After all, for most of its history, the Town and Country-based apparel company has been more accustomed to making private-label clothes for Walmart and moderate-priced brands such as Sag Harbor and Koret.
And yet, last […]
March 1, 2011
Japan’s unemployment rate held steady while payrolls rose in January, adding to signs the nation’s recovery is gaining pace after a temporary slowdown.
The jobless rate remained unchanged from the previous month at 4.9 percent, the statistics bureau said today in Tokyo. That figure matched the median estimate of 29 economists surveyed by Bloomberg News. […]
February 18, 2011
Existing home sales for the first half of February were down by 13 per cent
Larilyn Bennett is looking for a condo in the competitive Toronto market. But she’s in no hurry.
"I’m going to take my time. I think there is a lot of choice out there," says Bennett, 32.
When she purchased her […]
February 16, 2011
It doesn’t come as a shock that Republicans aren’t thrilled with President Obama’s budget proposal. But Democrats aren’t exactly jumping for joy either.
Obama’s budget targets community block grants, a program that helps low-income people pay their energy bills, and the popular Pell grant program to aid college students. All are part of the social […]
January 24, 2011
Drugstore operator and pharmacy benefits manager CVS Caremark Corp. said Monday that Larry Merlo will succeed Thomas Ryan as CEO on March 1, about two months earlier than expected.
CVS Caremark said Merlo has been working with Ryan for months and is ready to be the company’s CEO. Merlo was president of CVS’s pharmacy operations for […]
January 16, 2011
JPMorgan Chase & Co. and other banks drove stock indexes higher Friday. The Dow Jones industrial average rose to its highest level in two and a half years.
JPMorgan rose 1 percent after reporting that its income soared 47 percent in the fourth quarter. The bank set aside less money to cover bad loans and said […]