Most interesting finance and busines news.
After years of big discounts, GM is charging customers more for its cars and trucks, and it’s helping the bottom line.
General Motors Co. said Thursday its second-quarter profit nearly doubled. Higher pricing _ mostly in North America _ added $1 billion to its results.
Despite the good news, GM’s stock faltered as the market saw its […]
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After initially defending the safety of its “Love.Hugs.Peace” lapel pin last year, Build-A-Bear Workshop is now recalling the product, acknowledging that the pin’s surface paint contains excessive levels of lead.
The Overland-based retailer distributed 28,700 pins in the U.S. and Canada between July 2009 and October 2010.
A California-based consumer health advocacy first brought the issue to […]
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NATO suggested Tuesday that it would be willing to stop bombing Libya during Ramadan, if Moammar Gadhafi’s forces also honored a cease-fire during the Muslim holy month.
“We need to wait and see whether Gadhafi’s forces continue to shell and inflict harm,” said a NATO spokesman, Wing Cmdr. Mike Bracken.
“If they do, and we believe there […]
It’s official – Facebook is launching a video chat service on the social network, powered by Skype.
The video chat application, which will be rolled out immediately to Facebook users, is simple to use, said CEO Mark Zuckerberg at a news conference at the company’s Palo Alto, California, headquarters.
All you have to do is click on […]
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Mongolia has chosen U.S. mining giant Peabody Energy, China’s Shenhua Group and a Russian-Mongolian consortium to jointly develop the keenly sought Tavan Tolgoi coking coal deposit in the Gobi Desert.
A government statement says the companies agreed to build a 600 megawatt power station, coal-to-liquid fuel and coking fuel plants as well as north and southbound […]
McDonald’s is fueling its trucks in the United Arab Emirates with oil from its own vats.
Dubai-based Neutral Fuels announced Sunday that it had reached a deal to convert used vegetable oil from McDonald’s outlets in the UAE into 100 percent biodiesel to power the fast food giant’s delivery trucks across the Gulf country.
It started testing […]
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 […]
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 […]
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? […]