Most interesting finance and busines news.
Crowded parking lots around the Phoenix area followed the Black Friday trend nationwide, but the National Retail Foundation reports although there were more shoppers hunting for bargains, they spent less this year.
The NRF released its annual survey Sunday showing 195 million shoppers visited stores and Web sites over the holiday weekend, up from 172 million […]
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Canwest Global Communications delivered another quarterly loss on Friday, with the still-sluggish advertising market pulling down overall revenues by 13 per cent during a period that saw little in the way of good news for a company in the midst of a major restructuring.
The Winnipeg-based media conglomerate posted a $111-million loss worth 62 cents […]
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The United States’ pattern of consumption funded by credit has an impact on its currency’s exchange rate, ECB’s governing council member Nout Wellink said on Thursday.
“The sub prime crisis was an expression of living above its means. That then translates into the exchange rate versus foreign currencies,” Wellink said during a symposium of the […]
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Tiffany & Co reported a larger-than-expected quarterly profit and raised its forecast for full-year earnings on the strength of its overseas sales and a solid start to the holiday season, sending the upscale jeweler’s shares up nearly 6 percent.
The company’s sales showed double-digit growth in Asia and a slower rate of decline for the […]
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Brocade Communications Systems Inc. has scheduled its earnings announcement three hours after the market closes Monday, long after Hewlett-Packard Co. posts its quarterly results.
The San Jose-based networking equipment company (NASDAQ:BRCD) is expected by analysts to report a drop in fourth quarter earnings per share to 13 cents, excluding items, compared to 20 cents a share […]
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Torstar Corp.’s board of directors unanimously confirmed David Holland as president and chief executive officer on Thursday.
Holland, a chartered accountant who has worked for Torstar since 1986, had held the position on an interim basis since May.
Torstar owns the Toronto Star and thestar.com, as well as Harlequin Enterprises, Torstar Digital, Metroland Media Group and […]
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Ten large U.S. companies paid senior executives a total of $350 million in the few years prior to dropping traditional pension plans for employees, a Congressional watchdog said on Thursday.
Forty executives in a range of industries received the compensation in base salaries, bonuses, severance and perks in the five years before the pension plans […]
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California Attorney General Edmund Brown said he has reached a billion-dollar settlement with a major bank over securities fraud charges.
Brown said in an advisory he will hold a news conference at 1 p.m. eastern time. He did not name the bank.
The settlement is expected to recoup hundreds of millions of dollars for California investors, […]
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Oil prices rose more than $2 to settle at $78.90 a barrel on Monday, regaining most of last week’s losses as the dollar drifted lower.
The U.S. dollar fell slightly on Monday against a basket of currencies, as it heads into a week likely to see increased debate over currencies during President Obama’s visit to […]
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The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders on Sunday, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions.
The discord surfaced at a summit of the Asia Pacific Economic Cooperation (APEC) forum in Singapore when a reference […]
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