Ohio manufacturing: Good times are back (sort of)

It’s boom times once again for Ohio’s manufacturing industry.
Manufacturing, the largest sector in the Buckeye State’s economy, is revving up production and employment after being hit hard by the Great Recession.
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FDIC closes small banks in Georgia, Minnesota

Regulators on Friday shuttered small banks in Georgia and Minnesota, bringing to 11 the number of U.S. bank failures this year.
By this time last year, regulators had closed more than twice as many banks _ 23.
All told, 92 banks were closed in 2011, representing a sharp decline from the two previous years, when banks were […]

Spain

Economy Minister Luis de Guindos said Spain is sticking to its deficit goal even as the economy shrinks, underlining a rift in the month-old Cabinet over whether the nation can halve its shortfall during a recession.
De Guindos said the government

Revenues up at Torstar

Torstar Corp., publisher of the Toronto Star, reported higher revenues in its third quarter despite the challenging economy, the company said.
Revenue was $378.7 million for the three months ended Sept. 30, up $25 million from the year-earlier quarter, Torstar said Wednesday.
Earnings before interest, taxes, depreciation and amortization, commonly known as EBITDA, for the third […]

Billionaire battle: Russians take feud to UK court

They were once said to be like father and son, vacationing, signing deals, and socializing at the Kremlin together. But these days two of Russia’s richest men can’t stand each other _ and they’re trading insults in a spectacularly expensive public feud.
At more than $6.5 billion, the lawsuit brought by Russian tycoon Boris Berezovsky against […]

Wall Street protest functions like a small city

It looks like a rock festival the morning after, a tangle of tattered sleeping bags. But the demonstrators taking part in the three-week-old protest against Wall Street have created a functioning city within the city, a small, working democracy.
There are task forces in charge of food, security, first aid, sanitation, legal help and Internet access. […]

Loonie falls below 95 cents, TSX continues sell-off on Greece fears

TORONTO

Dow falls more than 400 on fears about economy

Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession.
The Dow Jones industrial average fell as much as 527 points, the second consecutive rout in the stock market since the Federal Reserve announced a […]

Report: BP ultimately responsible in Gulf spill

A key federal report goes further than other investigations and puts ultimate responsibility on BP for the worst offshore oil spill in U.S. history and the deaths of 11 rig workers, especially regarding the cement seal that was put in place the day before the explosion that triggered the spill.
The report, released Wednesday, said in […]

Canada Post misses crucial delivery for couple trying to sell home

An Alberta couple who entrusted Canada Post to deliver important legal documents to sell their home in Ontario won’t do that again.
That’s because their package, guaranteed to be delivered within two days, got lost for more than a week and put the sale of the house, five months on the market, in jeopardy.
This case comes […]