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Industrial output declined in November for the first time in seven months as manufacturing activity slumped, countering recent signs of improvement in the economy.
Production in the industrial sector eased 0.2 percent last month, the first drop since April, following a 0.7 percent gain in October. Analysts in a Reuters poll had been looking for […]
Filed under: Canada, management by Guru
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A Spanish savings bank has fired two directors and is investigating two former executives for allegedly syphoning off euro20 million ($26.5 million) into secret pension funds, the bank said Saturday.
The board of directors of Caixa Penedes bank had “required the departure” of its president, Ricard Pages, and director general Manuel Troyano. It said both men […]
The average rate on the 30-year fixed mortgage hovered above its record low for a fourth straight week. But cheap mortgage rates have done little to boost home sales or refinancing.
Freddie Mac says the rate on the 30-year fixed loan fell to 3.98 percent from 4 percent the previous week. Seven weeks ago, it dropped […]
Stocks edged higher Friday as investors balanced signs of future growth in the U.S. economy with a looming deadline for Congress to reach a deal in deficit-reduction talks. Steep declines earlier in the week put the S&P 500 index on track for its worst week since September.
The Conference Board’s index of leading economic indicators rose […]
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Senior banker Lucas Papademos was appointed prime minister Thursday of an interim Greek unity government that seeks to cement a European debt deal and stave off national bankruptcy.
Chosen after four tortuous days of power-sharing talks, Papademos immediately called for unity and promised to seek cross-party cooperation to keep Greece firmly in the 17-nation eurozone.
The 64-year-old […]
As growth slows in their traditional markets, wine makers from around the world are eager to tap demand in China but industry players say the increased competition and a lack of wine drinking culture mean it won’t be easy money.
Thousands of people attending a major wine and spirits trade fair last week in Hong Kong […]
A small crowd gathered outside the new Gordmans in Chesterfield Commons on Friday morning as company officials stood before a large purple ribbon and a pair of oversized scissors.
“We want you to never have to wait for a sale,” proclaimed Jeff Gordman, the company’s chief executive who was dressed in a pinstripe suit. “In fact, […]
Filed under: bank, management by Guru
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Japan’s government Friday approved spending $11.5 billion of public money to help the operator of the tsunami-hit nuclear power plant decontaminiate the site and dismantle the reactors.
Japan’s nuclear minister, Goshi Hosono, says the aid is meant as a preliminary installment to help cash-strapped Tokyo Electric Power Co. cover the massive cost of the work.
The 900 […]
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 […]
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