Most interesting finance and busines news.
OTTAWA—Canada’s annual inflation rate jumped to the highest level in eight years last month, rising to 3.7 per cent as big increases in gasoline prices pushed the index to a new post-recession peak.
On a month-to-month basis, consumer prices rose by a significant 0.7 per cent in May from where they were in April, Statistics Canada […]
Tobacco giant Philip Morris International launched legal action on Monday against the Australian government over the country’s plans to strip company logos from cigarette packages and replace them with grisly images of cancerous mouths, sickly children and bulging, blinded eyes.
The government believes the new rules will make the packages less attractive to smokers and turn […]
Filed under: Canada, management by Guru
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Staying relevant is never easy for a company or its long-suffering investors.
Firms and their products can go in and out of style
Filed under: money, technology by Guru
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A key auto quality study has found that models that are new or redesigned for 2011 are less reliable than those introduced last year.
The newer models had 10 percent more problems on average than those introduced in 2010, according to the J.D. Power and Associates’ annual U.S. Initial Quality Study. The increase stemmed from manufacturers’ […]
House Republicans are pulling out of negotiations being led by Vice President Joe Biden on the budget because Democrats insist on pairing spending cuts with at least some tax increases.
Majority Leader Eric Cantor of Virginia said it’s time for President Barack Obama to weigh in directly.
Cantor said the Republican-dominated House simply won’t support tax increases […]
American Airlines Inc. has secured alliances with some of the world’s best airlines. It has restructured its network to focus on major cities. It is replacing its fleet. It avoided bankruptcy when many of its competitors fled to Chapter 11.
What it has not done, however, is make money.
In the 10 years ended Dec. 31, 2010, […]
Filed under: management, marketing by Guru
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Europe sought Monday to put a firewall between the dire financial situation of Greece and the destiny of Ireland and Portugal, the two other countries that have already received international aid.
The region’s finance ministers signed off on important changes to both its current and future bailout funds, which they hope will reinforce confidence in the […]
Just hours after the federal government introduced back-to-work legislation in Ottawa, Air Canada and the Canadian Autoworkers Union reached a tentative deal.
No details were immediately available, but the CAW has called a news conference for 2 p.m. Thursday at the Sheraton Centre.
Striking customer service agents at airports across the country began cheering as they heard […]
Europe has a lot riding on NATO’s mission in Libya, with the campaign widely seen as one spearheaded by European vision and the United States staying on the sidelines.
But as the conflict enters its fourth month, the continent’s military leaders are beginning to ask if they can afford to keep up the fight, raising more […]
Filed under: management, technology by Guru
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My grandmother gave me a single Bell Canada share for my birthday each year and as graduation gifts.
I knew they were worth about $50 apiece, an impressive number to a child, and I figured the telephone company was a solid investment. So, why did I cash in my 25 Bell shares before I turned 25? […]