Conservative justices question insurance mandate

Conservative justices are sharply questioning whether the government can force Americans to carry health insurance or pay a penalty. That’s the key question as the Supreme Court turns to the heart of President Barack Obama’s health care law.
Chief Justice John Roberts, along with Justices Antonin Scalia and Samuel Alito, is pressing Solicitor General Donald Verrilli […]

Sun Life

The president and chief executive of Sun Life Financial Inc., Dean Connor, who took over the top job at the insurer in December, earned $5.1 million in total compensation last year.
According to Sun Life

Bell acquires Astral Media for $3.38 billion

MONTREAL

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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Fed

Two Federal Reserve officials opposed additional mortgage-bond purchases by the Fed, saying the measure isn

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 […]

China Cuts Reserve-Ratio for Growth as Inflation Deters Interest-Rate Move - Bloomberg

China is seen making more cuts to banks

Air Canada pilots provide overwhelming strike vote but won

With the Air Canada Pilots Association expected to release the results of its strike vote later Tuesday, Labour Minister Lisa Raitt is offering to appoint another mediator to avoid any disruptions to airline travel.
Late Monday night, just 20 minutes before the legal strike or lockout deadline passed, Raitt issued a news release to say she […]

China

China

Stocks erase losses on Fed promise of low rates

Stocks turned mixed Wednesday afternoon, erasing earlier losses, after the Federal Reserve said it will keep interest rates near zero for much longer than it had previously announced. Demand for ultra-safe Treasurys soared, pushing bond yields lower.
The Fed’s monetary policy committee said it is unlikely to raise interest rates before 2014, extending a period of […]