The Harper government has signed a free trade agreement with Peru, setting the scene for it to be tabled for debate in Parliament.
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Dell Inc. is set to join the growing number of personal computer makers offering low-cost laptops for consumers in the developing world.
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United Airlines told US Airways that it had decided not to continue talks on a possible merger, people with direct knowledge of the situation said.
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Some of the biggest losers in the real estate slump are not purchasers of mansions they could not afford. They are buyers of second homes who are sitting on a tax time bomb.
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James E. Cayne, Bear Stearns’s chairman, presided over a meeting that marked the end of the firm’s independence.
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The buyouts add up to a quarter of a unionized work force at General Motors that already has been dramatically pared down.
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The legislation would ban candy, fruit and spice flavorings in cigarettes, but specifically exempts menthol flavorings.
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Anheuser-Busch faces pressure to expand
The slow growth of beer sales in key markets, coupled with an insatiable need to slash costs, is sparking speculation about a new wave of brewing industry consolidation that puts particular pressure on Anheuser-Busch Cos.
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General Motors Corp. said Thursday that a quarter
of its U.S. hourly workers will take the company's latest buyout
and early retirement offers, opening the door for new hires who
will make less money.
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The U.S. Department of Justice today charged the former owner and chief executive officer of the shuttered Edgewater Medical Center with trying to obstruct the government's efforts to collect more than $60 million in a civil health care fraud case government attorneys say led to the collapse of the North Side hospital.
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Sears Holding Corp. swung to a $56 million first-quarter loss, the retailer reported Thursday, as its customers were forced to spend more of their money to cover the soaring costs of gas and food.
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The CEOs of United Airlines and US Airways are scheduled to meet Thursday as talks aimed at combining the carriers progress despite concerns that threaten to scuttle the deal, according to two people briefed on the discussions.
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<p>Fears of recession have sent consumer confidence diving to its lowest level for nearly 18 years, a poll showed yesterday. </p>
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<p>House prices fell by 2.5 per cent during May, the fastest rate of decline since the housing recession of the early 1990s and the seventh successive month of falling values. The largest monthly drop ever seen in the Nationwide Building Society's regular survey of the property market prompted some economists yesterday to predict a "deep and prolonged" housing slump. </p>
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<p>The troubled camera specialist Jessops has posted tumbling sales for the six months to 30 March.Its total sales plummeted by 24.7 per cent to £134.8m, which Jessops blamed on closing 81 stores. Its like-for-like sales fell by 5 per cent over the period. </p>
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<p>Silverjet, the struggling business-class airline, was left on life support yesterday after a Gulf investment firm pulled out of a previously agreed financing deal. The carrier rushed out a statement urging investors to vote down a motion to issue new shares to Viceroy Holdings, a United Arab Emirates fund, at a shareholder meeting today. The £4.3m share issue was one part of a £12.7m debt and equity lifeline the fund had agreed to inject into the company. Silverjet has since been unable to access the promised £8.4m loan. Silvjerjet remains in talks with another "potential investor."</p>
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<p>The US economy grew faster in the first three months of the year than first thought, new data revealed. First-quarter GDP growth was revised up to 0.9 per cent, from an initial estimate of 0.6 per cent, suggesting that – far from having already dipped into recession – the world's biggest economy may yet avoid a contraction.</p>
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The Canadian economy shrank at an annualized rate of 0.3 per cent over the first three months of the year, the first such contraction in almost five years.
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Canadians are increasingly embracing electronic tax returns rather than filing on paper, the Canada Revenue Agency says.
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The Montreal Climate Exchange, a joint venture between the Montreal Exchange and the Chicago Climate Exchange, is the first market in Canada to allow the trading of futures contracts on greenhouse gases.
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Henri-Paul Rousseau, the man who has presided over the massive Caisse de dépôt et placement du Québec since September 2002, is leaving the pension fund to join Power Corp.
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Brian D. Montgomery has won respect in Washington for his efforts to modernize the Federal Housing Administration as it leads the government effort to rescue homeowners at risk of foreclosure.
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A sample letter that buyers who fear overpaying might send to homeowners and a reply that confident sellers could fire back.
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Upcoming changes set by the chief regulator of the nation’s commodity markets are meant to address concerns that market malfunctions may be contributing to rising food and energy prices.
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The two companies told their employees on Friday that they would not reach a merger agreement with another airline for the time being, and said they were evaluating further steps.
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Consumer spending barely budged in April while growth in personal income slowed sharply, even though the government started sending out economic stimulus payments.
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