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Top Stories: The UK government-commissioned Walker Review into the corporate governance of banks has decided banks should be forced to publicly disclose the number of people they employ who earn more than £1 million per year. Big News Network.com Thu, 26 Nov 2009 03:09:01 -0500Switzerland's notoriously secretive banking system has long been used by some of America’s wealthiest citizens, who are now likely to think again about the Swiss reputation for banking discretion. Big News Network.com Thu, 26 Nov 2009 03:05:29 -0500There has been a spike in bankruptcy filings for both consumers and businesses in the US, reflecting the continuing effects of today's weak economy. Big News Network.com Thu, 26 Nov 2009 03:02:37 -0500Britain's Vodafone has revealed it is planning to close its final salary pension scheme. Big News Network.com Thu, 26 Nov 2009 03:01:03 -0500The pressure on China to allow its currency to appreciate has been growing. Big News Network.com Thu, 26 Nov 2009 02:58:18 -0500Advertisements have been running in Australian newspapers offering a finder's fee of AUD$3,000 for anyone who can persuade an overseas doctor to work in Australia. Big News Network.com Thu, 26 Nov 2009 02:55:37 -0500Economists in the US have started to argue that the zero interest rate is doing little to spark lending activity and may even be responsible for asset bubbles. Big News Network.com Thu, 26 Nov 2009 02:54:14 -0500Charities in the UK have asked the government to provide support to low income earners in the private rental sector. Big News Network.com Thu, 26 Nov 2009 02:50:59 -0500In Dubai, the government-run Dubai World has announced it will delay repayments of $59 billion of liabilities. Big News Network.com Thu, 26 Nov 2009 02:49:02 -0500Toyota has decided to order its dealers to alter a part in accelerator pedals on 3.8 million already recalled vehicles in the US. Big News Network.com Thu, 26 Nov 2009 02:47:26 -0500New York, Nov 26 (DPA) US stocks rose Wednesday after three separate reports offered signs that the US recovery is gaining steam. IANS Wed, 25 Nov 2009 18:50:02 -0500EUROPEAN stocks fell sharply today, suffering their biggest one-day drop since April in response to the unfolding debt crisis in Dubai. The Australian Thu, 26 Nov 2009 15:19:59 -0500WASHINGTON: IMF said it had sold 10 tonnes of gold to Sri Lanka's central bank for $375 million, as part of a restructuring of IMF financial resources. It was the third IMF sale of gold in a month ... Times Of India Thu, 26 Nov 2009 15:04:03 -0500Dubai World, would ask creditors for a standstill on paying back its $60 billion debt until at least May. The company’s real estate arm, Nakheel shoulders the bulk of money due to banks, investme... Times Of India Thu, 26 Nov 2009 15:04:01 -0500European stocks plummeted the most in seven months amid concern Dubai’s proposal to delay debt payments may trigger the biggest sovereign default since Argentina in 2001. London Stock Exchange,... Times Of India Thu, 26 Nov 2009 15:03:59 -0500HONG KONG: Japan’s currency rose to a 14-year high against the US dollar prompting fresh concerns about the impact on Japan’s export giants, as well as comments from finance minister Hirohisa F... Times Of India Thu, 26 Nov 2009 15:03:57 -0500AIG said that it had settled long-running legal battles with Maurice R Greenberg, the company’s former CEO, in an attempt to move past years of costly fighting. The settlement also applied to ... Times Of India Thu, 26 Nov 2009 15:03:55 -0500LONDON (AFP) - Global stock markets fell sharply Thursday on mounting fears of a debt default by Dubai and tighter lending conditions in China, analysts said.London shed 1.95 percent to 5,260.05 point... West Australian Thu, 26 Nov 2009 14:21:28 -0500DALLAS - While the U.S. Senate considers a climate bill aiming to dramatically slash air pollution linked to global warming, Texas Gov. Rick Perry and other Republican leaders in the state that leads... Star Tribune Thu, 26 Nov 2009 14:17:57 -0500£13.5bn fundraising despite telling the bank's board they were bitter and angry at having to shore up the bank's finances following its "disastrous" purchase of... Guardian Thu, 26 Nov 2009 14:08:32 -0500A small Scottish brewery with a taste for controversy has produced what it claims to be the world's strongest beer, one so alcoholic it is designed to be drunk in whisky-sized nips and comes with its ... Guardian Thu, 26 Nov 2009 14:08:30 -0500"Lloyds shareholders have been sacrificed for the greater good of the British economy. If the government believes the bank needs an insurance scheme after the takeover of HBOS then taxpayers should pa... Guardian Thu, 26 Nov 2009 14:08:28 -0500Sir David Walker wants to make one thing clear: he is not a City grandee. He does not like the label and would the Guardian please not refer to him as such.Many City-watchers could probably think of o... Guardian Thu, 26 Nov 2009 14:08:27 -0500Toronto-based Rogers, which also operates the country's second-largest cable TV business and owns several media properties, has a national workforce of about 30,000. Financial Post Thu, 26 Nov 2009 13:44:44 -0500BIRMINGHAM (England): Lloyds Banking Group investors on Thursday overwhelmingly approved the bank's record rights issue but gave executives a grilling for mistakes made during the financial crisis.... Times of India Thu, 26 Nov 2009 13:41:49 -0500NEW YORK - When Lori Fowlkes first saw robotic Zhu Zhu Pets toy hamsters in September, she remembers her kids started jumping up and down and saying "Please! Please! Can we buy them?" Seei... Star Tribune Thu, 26 Nov 2009 12:49:57 -0500WASHINGTON - Beyond the noisy town hall meetings, Tea Party protests and sky-is-falling speeches characterizing much of the health care debate is a less visible, but no less intense push to broaden t... Star Tribune Thu, 26 Nov 2009 12:49:55 -0500Medical technology company Medtronic's stocks surged 5 percent Tuesday in the wake of strong earnings reports, while rivals on implantable cardioverter defibrillators (ICD) market saw similar gains in... Medical News Today Thu, 26 Nov 2009 12:44:49 -0500The firm, which has 45 stores employing 1,150 people across the UK, has come under severe pressure from internet competition during the past year... Guardian Thu, 26 Nov 2009 12:41:28 -0500The firm, which has 45 branded Borders and Books Etc stores across the UK, has come under severe pressure from internet competition during the past year. Administrators MCR said the business continu... Sky News Thu, 26 Nov 2009 12:25:59 -0500LLOY.L ) investors on Thursday overwhelmingly approved the bank's record rights issue but gave executives a grilling for mistakes made during the financial crisis. Reuters Thu, 26 Nov 2009 12:18:16 -0500The LSE's main rival said the exchange put its market into auction status when the system broke down and that this triggered the block on routing to other venues. Reuters Thu, 26 Nov 2009 12:18:14 -0500OTTAWA - The mood of Canadian consumers deteriorated this month as concern over employment prospects eroded confidence, according to a Conference Board of Canada survey. The Ottawa-based think-tank s... Financial Post Thu, 26 Nov 2009 12:17:35 -0500On Thursday, federal regulators approved a request to add Al Jazeera English to the list of satellite services eligible to be distributed in Canada. Financial Post Thu, 26 Nov 2009 12:17:34 -0500Web and video posts are feeding a new form of “silent attrition, where customers switch companies without complaining directly,” Frank Sherlock, senior vice-president at Cincinnati-based Convergys... Financial Post Thu, 26 Nov 2009 12:17:33 -0500MILWAUKEE - RedPrairie Holding Inc., a business software provider, said Thursday it filed a registration statement with the Securities and Exchange Commission for an initial public offering.The numbe... Star Tribune Thu, 26 Nov 2009 11:18:52 -0500WASHINGTON - President Barack Obama's top aides met frequently with lobbyists and health care industry heavyweights as his administration pieced together a national health care overhaul, according to... Star Tribune Thu, 26 Nov 2009 11:18:51 -0500DUBAI, United Arab Emirates - Just a year after the global downturn derailed Dubai's explosive growth, the city is now so swamped in debt that it's asking for a six-month reprieve on paying its bills... Star Tribune Thu, 26 Nov 2009 11:18:50 -0500Shareholders overwhelmingly voted in favour of Lloyds Banking Group's UK record £13.5 billion cash call today. The vote - at a general meeting at Birmingham's NEC - will allow the part-... The Independent Thu, 26 Nov 2009 11:11:00 -0500Oh, Mr Brown, I loved that. Tickle me again, Mr Darling. Just there. A back rub, please, Sir David. A little oil here, Lord Phillips; a teeny whiplash from you, Lord Myners. And you, Mervyn King, perh... Guardian Thu, 26 Nov 2009 11:09:51 -0500Asian stock markets dropped yesterday as mostly positive economic news in the U.S. failed to inspire investors and the U.S. dollar tumbled to a 14-year low against the Japanese yen.Gold, meanwhile, hi... eTaiwan News Thu, 26 Nov 2009 11:08:58 -0500U.S. stocks managed to hold modest gains Wednesday after a series of economic reports led by better-than-expected data on jobless claims kept the mood positive ahead of the Thanksgiving Day holiday.Th... eTaiwan News Thu, 26 Nov 2009 11:08:50 -0500The number of people on a payroll inched up in September thanks to Canada's improving goods sectors, according to government data released Thursday. September added 15,900 workers, or a gain of 0.1%,... C News Thu, 26 Nov 2009 10:57:24 -0500In a blow to rivals Orange and Vodafone, British supermarket giant Tesco has snagged a deal to sell the iPhone before Christmas in partnership with carrier O2... Business Week Thu, 26 Nov 2009 10:55:16 -0500A total of 300 people will lose their jobs at Vauxhall in Britain, following General Motors's decision to hold on to Opel and Vauxhall, Sky sources have said. Sky News Thu, 26 Nov 2009 10:54:16 -0500LONDON -- British shares resumed trading on Thursday afternoon, with the FTSE 100 index down 1.8% at 5,265.81. Trading was halted during the morning due to technical issues. Banks were the biggest dr... Fox Business Thu, 26 Nov 2009 10:47:24 -0500Bombardier Inc. made another round of layoffs Thursday, cutting 715 employees at its Montreal aerospace facilities as the company was forced to pull back its CRJ aircraft production rate. The lay... Financial Post Thu, 26 Nov 2009 10:46:02 -0500Canadian markets opened much lower Thursday on news that Dubai was seeking a hold on debt repayments as it restructured one of its largest holding companies. However, trading was light due to the U.S... Financial Post Thu, 26 Nov 2009 10:45:57 -0500BEIJING -- China faces a protectionist backlash next year because its manufacturers are saddled with overcapacity and are offloading excess output into world markets, the European Union Chamber of Com... Financial Post Thu, 26 Nov 2009 10:45:54 -0500LONDON -- Oil fell toward US$77 on Thursday in line with falls across financial markets and as weak demand for fuel offset potential support from a weak dollar. Global stock markets fell after Du... Financial Post Thu, 26 Nov 2009 10:45:53 -0500BIRMINGHAM, England, Nov 26 (Reuters) - Lloyds Banking Group's head of wholesale banking Truett Tate says at the bank's EGM: * Says has exposure to Dubai World, says exposure 'modest' * Says Dubai exp... London South East Thu, 26 Nov 2009 10:33:19 -0500BEIJING - China's stimulus spending has fueled massive overexpansion in industrial capacity that could drive a surge in low-priced exports amid weak global demand, possibly igniting a protectionist b... Star Tribune Thu, 26 Nov 2009 09:58:39 -0500Anne Perkins and Polly Toynbee decide which Miliband they would like as Labour leader, discuss this week's disappointing banking news, and ask whether the Iraq inquiry will amount to anything, fifth t... Guardian Thu, 26 Nov 2009 09:49:24 -0500Everton 's chief executive Robert Elstone said he was "bitterly disappointed", and argued that the £400m plans would have been greatly beneficial to residents. He said the search for a new home for ... Sky News Thu, 26 Nov 2009 09:31:25 -0500MADRID (MarketWatch) -- Self-storage isn't always just for extra boxes and furniture that you can't bear to toss out. One self-storage facility in the U.K. has featured a Dalek -- a robot-like cr... Market Watch Thu, 26 Nov 2009 09:25:42 -0500LONDON -- British outsourcing firm Capita Group said Thursday that chairman Eric Walters will stand down from Jan. 1. Martin Bolland will succeed Walters as chairman January 2010.Copyright © 200... Fox Business Thu, 26 Nov 2009 09:24:31 -0500Economic good news could not have come at a better time for retailers, ahead of Black Friday, a shopping day so big it often marks the day retailers move out of the red and into the black with ... Financial Post Thu, 26 Nov 2009 09:24:26 -0500Bidding wars and higher interest costs have lead to the inevitable - a drop in housing affordability for the first time in five quarters, according to a new index produced by the Royal Bank of Canada.... Financial Post Thu, 26 Nov 2009 09:24:23 -0500Electric cars may be coming, but they will come much more slowly than you might expect from all the publicity. The price is one problem. It's the batteries. To get an e-car with more range, you need m... Financial Post Thu, 26 Nov 2009 09:24:14 -0500Given the recent economic turmoil caused by the rising loonie, it's hardly surprising that Canadians have a love-hate relationship with their currency. But now the dollar has a new, somewhat uncomfort... Financial Post Thu, 26 Nov 2009 09:24:12 -0500CANBERRA -- Looking to work overseas? Head to Canada, Australia or Thailand, according to an annual global survey which found recession-hit Britain was one of the worst locations to live for expatriat... Financial Post Thu, 26 Nov 2009 09:24:04 -0500Onex Corp said Wednesday it had sold another part of its interest in Emergency Medical Services Corp in a secondary offering, for proceeds of about US$151-million. The Canadian private-equity firm sai... Financial Post Thu, 26 Nov 2009 09:23:59 -0500Canadian home resale prices rose for a fifth straight month in September on gains in five of six major metropolitan markets surveyed, according to a report on Wednesday. Financial Post Thu, 26 Nov 2009 09:23:57 -0500NEW YORK -- AIG and former chief executive Maurice "Hank" Greenberg have reached an agreement to bury a long-standing, bitter legal battle and the insurer will turn over materials the former boss can ... Financial Post Thu, 26 Nov 2009 09:23:54 -0500Canadian National, the country’s biggest railway, said it is urging the Teamsters union, which represents the engineers, to resume negotiations immediately. Financial Post Thu, 26 Nov 2009 09:23:52 -0500CHICAGO -- Wall Street's main barometer of investor sentiment did not show much fear on Wednesday, as it sank to its lowest level in 15 months. The Chicago Board Options Exchange Volatility Index, kn... Financial Post Thu, 26 Nov 2009 09:23:51 -0500Dan Fortin, part 2 FP Executive's John Turley-Ewart speaks with Dan Fortin, President IBM Canada, about what differentiates Canadian managers. Financial Post Thu, 26 Nov 2009 09:23:49 -0500General Motors Co. confirmed Wednesday it will build the Buick Regal sedan at its Oshawa, Ont. assembly plant just east of Toronto, one of five vehicles the automaker commited to producing in Canada u... Financial Post Thu, 26 Nov 2009 09:23:48 -0500Shareholders voted 99% in favour of the transaction, through which EnCana will spin off its oil sands operations into a new company called Cenovus Energy Inc and retain its natural gas production ... Financial Post Thu, 26 Nov 2009 09:23:46 -0500OTTAWA -- Earnings by Canadian companies rose in the third quarter of 2009 after three straight quarterly declines, Statistics Canada said Wednesday. Operating profits were up 7.9% to $54.1-billion d... Financial Post Thu, 26 Nov 2009 09:23:44 -0500WASHINGTON -- The number of U.S. workers filing new applications for jobless insurance tumbled last week to the lowest level in more than a year and consumer spending rose, adding to evidence the worl... Financial Post Thu, 26 Nov 2009 09:23:43 -0500The board of Cossette Inc. urged its shareholders Wednesday to reject an amended offer from Cosmos Capital Inc. made last week in favour of an identical deal from a U.S. firm, as a tug-of-war over the... Financial Post Thu, 26 Nov 2009 09:23:42 -0500Russia’s Central Bank said on Wednesday it is preparing to invest some of its foreign exchange reserves in Canadian dollars to diversify its portfolio, which helped push the U.S. dollar to its lowes... Financial Post Thu, 26 Nov 2009 09:23:41 -0500OTTAWA -- Ericsson, the Swedish wireless giant, is buying more Nortel Networks assets as part of a US$103-million offer with its bid partner, Kapsch CarrierCom AG. Nortel said Wednesday that Ericsson... Financial Post Thu, 26 Nov 2009 09:23:40 -0500LONDON -- Britain's economy shrank for a sixth consecutive quarter in the three months to September but at a slower pace than previously reported, keeping alive expectations of a return to growth befo... Financial Post Thu, 26 Nov 2009 09:23:39 -0500UBS AG plans to hire more than a dozen sales and trading staff to bolster its equities business in Canada over the next two years after receiving a record number of job requests from employees at riva... Financial Post Thu, 26 Nov 2009 09:23:35 -0500A surge in office construction in Toronto's downtown may push the city's vacancy rate higher than New York and Boston after developers added space during the first recession in 17 years. The prop... Financial Post Thu, 26 Nov 2009 09:23:34 -0500OTTAWA -- Saskatchewan will surpass Ontario this year as Canada's second-wealthiest province as measured by living standards, the result of a recession that has shown no mercy on the country's industr... Financial Post Thu, 26 Nov 2009 09:23:33 -0500TORONTO -- A potential labour disruption could be looming at Canadian National Railway Co. after the country's largest railway decided to unilaterally impose contract changes on 1,700 of its engineers... Financial Post Thu, 26 Nov 2009 09:23:31 -0500The Toronto Stock Exchange, along with most other market benchmarks around the globe, lost ground Tuesday in the face of evidence the U.S. economic recovery hasn’t been going as smoothly as once ... Financial Post Thu, 26 Nov 2009 09:23:29 -0500Platinum and palladium miners in North America form an exclusive club, to say the least. Right now, there is exactly one pure-play producer of the two metals operating in North America: Stillwater Mi... Financial Post Thu, 26 Nov 2009 09:23:28 -0500MONTREAL -- Despite posting losses in net earnings and revenues because of lower fuel margins in the United States and a weaker Canadian dollar, Alimentation Couche-Tard Inc., North America's largest ... Financial Post Thu, 26 Nov 2009 09:23:26 -0500In court documents, a judge said: "The technological advantage that allowed Rogers to represent that it has Canada's most reliable network has disappeared."... Financial Post Thu, 26 Nov 2009 09:23:25 -0500TORONTO - Telus Corp. brought a fresh idea to an old and contentious debate Tuesday that the telecommunications giant says will open up tens of millions of dollars to assist Canada's ailing broadcast ... Financial Post Thu, 26 Nov 2009 09:23:23 -0500TORONTO -- Canadian officials have approved a landmark search advertising deal between Microsoft Corp. and Yahoo Inc., but the deal still faces potential antitrust hurdles in both the United States an... Financial Post Thu, 26 Nov 2009 09:23:22 -0500NEW YORK -- Microsoft Corp's Chief Financial Officer Chris Liddell is to leave the company at the end of the year, indicating that he is looking for a bigger job at another company. Mr. Liddell, 51, ... Financial Post Thu, 26 Nov 2009 09:23:21 -0500A picture taken on November 8, 2009, in Paris shows an image from the "Facebook" page of French President Nicolas Sarkozy, called "Memories of the fall of the Berlin wall, on November 9, 1989." The ..... Financial Post Thu, 26 Nov 2009 09:23:19 -0500Torstar Corp.'s Toronto Star, Canada's biggest newspaper, which plans to cut 78 editing jobs, or about a fifth of its editorial staff, to reduce expenses by $4-million annually, will contract out the ... Financial Post Thu, 26 Nov 2009 09:23:14 -0500Federal Reserve officials are increasingly confident in a durable recovery for the U.S. economy, even though they do not see employment picking up soon, according to minutes from their November ... Financial Post Thu, 26 Nov 2009 09:23:12 -0500The Sri Lankan-born billionaire is the most prominent of 20 people who face criminal or civil charges in the largest U.S. hedge fund insider trading case on record and Wall Street’s first insider ..... Financial Post Thu, 26 Nov 2009 09:23:05 -0500OTTAWA -- The robust retail data for September suggest domestic consumption was strong enough to help Canada post positive growth for the third quarter and, technically, pull the country out of a rece... Financial Post Thu, 26 Nov 2009 09:22:59 -0500Apartments on Isabella Street in Toronto, Ont. Apartment buildings generally held their value through the recession. Brett Gundlock/National Post Ugo Bizzarri's Timbercreek Asset Management Inc. ... Financial Post Thu, 26 Nov 2009 09:22:57 -0500SHANGHAI/HONG KONG -- Chinese banks, under government pressure to shore up their finances, are set to unleash a wave of billions of dollars in capital raising that could strain equity markets but also... Financial Post Thu, 26 Nov 2009 09:22:56 -0500DUBLIN -- Irish teachers shut schools, nurses left wards and civil servants abandoned offices on Tuesday in a protest against government plans to cut pay and prevent the national debt from spiralling ... Financial Post Thu, 26 Nov 2009 09:22:48 -0500MOSCOW -- Russia's central bank on Tuesday unveiled a widely-expected interest rate cut, its ninth since April, in a bid to slow down the appreciation of the rouble and support the economy's still fra... Financial Post Thu, 26 Nov 2009 09:22:44 -0500Investors have already endured a stock market bubble. Now they're in the middle of a bond market bubble. So many have stampeded to the supposed safety of bonds - especially government bonds - they ha... Financial Post Thu, 26 Nov 2009 09:22:43 -0500Optimal Health Science and Dazzlesmile LLC sued a slew of companies for infringement, amid other allegations. Already, the allegedly infringing and deceptive website DazzleSmilePro has stopped taking ... Wired News Thu, 26 Nov 2009 09:15:21 -0500WASHINGTON - President Barack Obama and a top House Republican acknowledged in holiday messages Thursday the economic struggles facing Americans this Thanksgiving but offered starkly different recipe... Star Tribune Thu, 26 Nov 2009 08:03:36 -0500NEW YORK - As stores prepare for hordes of Black Friday shoppers and mark down high-definition TVs and hot toys, they're also pushing deals on something more mundane — necessities like socks an... Star Tribune Thu, 26 Nov 2009 08:03:35 -0500 |
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