August 29th, 2011
U.S. stock futures are rising after the damage from Tropical Storm Irene wound up being less than many analysts had anticipated.
The storm ripped through the East Coast and caused widespread flooding. Millions were without power. However a consulting firm predicted that insured damages would range between $2 billion and $3 billion, lower than initially estimated.
Insurer […]
Filed under: finance, technology by Guru
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August 19th, 2011
Technology giant Apple Inc., which briefly surpassed Exxon Mobile Corp. this month as the world most valuable company, is now worth nearly as much as the 32 biggest euro zone banks combined.
That follows recent news reports that Apple Computers had more cash in the bank on a late July day ($76 billion) than the U.S. […]
Filed under: finance, term by Guru
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August 11th, 2011
The world’s largest brewer Anheuser-Busch InBev NV said Thursday that second-quarter profits rose by more than a quarter as higher sales in China made up for declining demand in the U.S. and Brazil.
The Asian-Pacific region, led my China, is now AB InBev’s third biggest market, cushioning the brewer from difficult economic conditions in its traditional […]
Filed under: finance, markets by Guru
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July 31st, 2011
Google has bought about 1,000 issued and pending patents from IBM in its quest to shore up its defenses against suits by other technology companies, according to documents filed with the U.S. Patent and Trademark Office.
Google Inc. and IBM Corp. spokesmen wouldn’t reveal how much Google paid or why IBM was selling the patents.
The patents […]
Filed under: finance, management by Guru
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July 23rd, 2011
Stocks are falling after heavy-equipment maker Caterpillar Inc. reported weak results in the second quarter, sowing doubts about the pace of the global recovery.
The weaker results from Caterpillar and a continuing deadlock over raising the U.S. borrowing limit pushed stocks lower. Overseas markets rose after European leaders reached a deal aimed at containing the region’s […]
Filed under: finance, term by Guru
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July 2nd, 2011
When investment banker Robert Foster agreed to co-chair an advisory council early in January to update Toronto
Filed under: economics, finance by Guru
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June 23rd, 2011
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 […]
Filed under: finance, mortgage by Guru
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June 20th, 2011
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 […]
Filed under: finance, loans by Guru
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June 12th, 2011
Protesters in Tokyo are preparing to hold mass demonstrations against the use of nuclear power.
The Saturday protests will take place on the three-month anniversary of the earthquake and tsunami that killed tens of thousands and caused one of the world’s worst nuclear disasters.
The March 11 earthquake triggered a large tsunami along Japan’s northeast coast that […]
Filed under: bank, finance by Guru
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March 14th, 2011
– China’s lending and money supply grew by less than economists expected in February, aiding the government’s campaign to rein in prices in the fastest-growing major economy.
Banks extended 535.6 billion yuan ($81.5 billion) of new local-currency loans last month, compared with the 600 billion yuan median estimate in a Bloomberg News survey of 19 […]
Filed under: business, finance by Guru
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