Weekly unemployment benefit applications unchanged, stay at 4-year low of 351,000 The Canadian Press - 50 minutes agoWASHINGTON - The number of people seeking unemployment aid was unchanged last week and the four-week average of applications fell to its lowest point in four years. The … More »Weekly unemployment benefit applications unchanged, stay at 4-year low of 351,000
WASHINGTON - The number of people seeking unemployment aid was unchanged last week and the four-week average of applications fell to its lowest point in four years. The figures add to evidence that show the job market is improving.
- EU committee makes no decision on labeling oil sands as worse for environment than other crude The Canadian Press - 51 minutes ago
BRUSSELS - A European Union committee failed Thursday to reach a definite decision on labeling oil derived from oil sands as worse for climate change than crude oil — … More »EU committee makes no decision on labeling oil sands as worse for environment than other crude
BRUSSELS - A European Union committee failed Thursday to reach a definite decision on labeling oil derived from oil sands as worse for climate change than crude oil — a proposal vigorously opposed by officials in Canada, where such oil is produced.
Home resales at 1-1/2 year-high, supply falls Reuters - 16 hours agoWASHINGTON (Reuters) - Home resales rose to a 1-1/2-year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in … More »Home resales at 1-1/2 year-high, supply falls
WASHINGTON (Reuters) - Home resales rose to a 1-1/2-year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector. The National Association of Realtors said on Wednesday existing home sales increased 4.3 percent to an annual rate of …
Divers in Italy find 8 more bodies in Concordia cruise ship wreckage The Canadian Press - 21 hours agoROME - Divers searching the capsized Costa Concordia cruise ship off a Tuscan island found eight bodies Wednesday on one of the passenger decks, including that of a missing … More »Divers in Italy find 8 more bodies in Concordia cruise ship wreckage
ROME - Divers searching the capsized Costa Concordia cruise ship off a Tuscan island found eight bodies Wednesday on one of the passenger decks, including that of a missing 5-year-old Italian girl, authorities said.
HP shares fall on sharp profit decline Reuters - 1 hour 53 minutes ago(Reuters) - Shares of Hewlett-Packard Co were down 2 percent in premarket trading on Thursday after the world's No. 1 computer maker posted a sharp decline in quarterly … More »HP shares fall on sharp profit decline
(Reuters) - Shares of Hewlett-Packard Co were down 2 percent in premarket trading on Thursday after the world's No. 1 computer maker posted a sharp decline in quarterly earnings and warned it would take several years to turn around its sprawling businesses. The storied Silicon Valley company, which has been trying to move …
- Canadians take on less debt, non-mortgage credit slows to lowest rate in 7 yrs The Canadian Press - 5 hours ago
OTTAWA - A new analysis suggests Canadians are becoming more hesitant to take on debt, despite typical holiday season largesse at the end of 2011.
- Wall Street opens flat after data Reuters - 10 minutes ago
NEW YORK (Reuters) - Stocks opened little changed on Thursday after labor market data indicated that while the economy continued to recover, progress was slow. Movement could be limited as S&P 500 again faces a tough test in piercing the 1,360 level, a 10-month high seen as a key resistance point. The Dow Jones industrial …
- Banks sink on European economic worry Reuters - 17 hours ago
NEW YORK (Reuters) - Banks led stocks lower on Wednesday as the S&P 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about a recession overseas. U.S. banks were the S&P 500's worst performing sector. Investors feared that weak euro zone growth would hamper countries dealing …
- JPMorgan, Citi, BofA sued for $949 million by Sealink Reuters - 22 hours ago
NEW YORK (Reuters) - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities. A summons was filed Tuesday by Sealink Funding Ltd, an Irish entity that oversees risky RMBS, in New …
- Jobless claims hold steady at 4-year low Reuters - 51 minutes ago
WASHINGTON (Reuters) - New claims for unemployment benefits were unchanged last week, holding at the lowest level since the early days of the 2007-2009 recession and giving a fresh sign the battered labor market is healing. Workers filed 351,000 initial claims for state unemployment benefits, the Labor Department said on …
- Europe's banks bleed from Greek debt crisis Reuters - 11 minutes ago
LONDON/PARIS (Reuters) - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would continue to threaten earnings. From France to Germany, Britain to Belgium, some of the region's biggest banks lined up to reveal billions of euros lost …
- Fitch downgrades Greece on debt swap plan Reuters - 16 hours ago
ATHENS (Reuters) - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden. It said Greece would be designated as having technically defaulted …
- Euro zone economy to shrink in 2012 Reuters - 3 hours ago
BRUSSELS (Reuters) - The euro zone's economy is heading into its second recession in just three years, while the wider European Union will stagnate, the EU's executive said on Thursday, warning that the currency area has yet to break its vicious cycle of debt. However, the EU's top economics official said that recent surveys …
- Citi, UBS provide keys to interest rate-rigging probe: sources Reuters - 23 hours ago
(Reuters) - Citigroup Inc and UBS AG , in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest rate, according to people familiar with the situation. …
- Burned before, Fed officials cautious on rebound Reuters - 17 hours ago
WASHINGTON (Reuters) - U.S. central bank officials have good reason to be skeptical about the strength of the economy: excessive optimism has caught them flat-footed before. Despite stronger employment data and hints of firmer inflation, Federal Reserve policymakers are not ruling out another round of monetary easing in …
NEW YORK, N.Y. - Target Corp. reported a 5.2 per cent drop in earnings for the fourth … More »Target's 4Q profit declines 5.2 per cent …