Flaherty to Raise Canada’s 2010 Growth Outlook

Canadian Finance Minister Jim Flaherty’s March 4 budget may include a stronger forecast for 2010 economic growth, a survey of analysts showed, giving him more scope to fight the country’s rising debt burden.
Canada’s economy will expand 2.7 percent in 2010, faster than the 2.3 percent projected in the September fiscal update, according to […]

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HBJ readers hope to slim waistlines

Despite any concerns about economic woes, more Houston Business Journal readers want to focus on their health in the new year.
Of the 328 responses to this week’s BusinessPulse survey asking about New Year’s resolutions, 26 percent said they want to lose weight. That was closely followed by 24 percent who didn’t make resolutions.
Other survey choices […]

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DBJ Business Pulse: One-third expect to add jobs in 2010

One-third of DenverBusinessJournal.com readers who responded to our latest Business Pulse question said they expect their business will add at least a few new jobs in 2010.
In our unscientific online opinion survey, the percentage of readers who predict new positions at their company outnumber those who expect job cuts, 34 percent to 22 percent.
Another 22 […]

Home Prices in 20 U.S. Cities Rose for Fifth Month

Home prices in 20 U.S. cities rose in October for a fifth consecutive month, putting the housing market and economy farther along the path to recovery.
The S&P/Case-Shiller home-price index increased 0.4 percent from the prior month on a seasonally adjusted basis, after a 0.2 percent rise in September, the group said today in […]

Japan Jobless Rate Climbs for First Time Since July

Japan’s unemployment rate rose for the first time in four months in November, an indication job growth may not be strong enough to support the economy’s recovery from its deepest postwar recession.
The jobless rate climbed to 5.2 percent from 5.1 percent in October, the statistics bureau said today in Tokyo, matching the median […]

Fry’s, Safeway workers approve contracts

Grocery workers at Fry’s Food stores and Safeway supermarkets have approved a new labor deal with management.
Fry’s parent company Kroger Co. and the United Food and Commercial Workers Union announced results of grocery employee votes Friday.
The deal resolved disputes regarding health care premiums and pay levels. Fry’s has 13,000 employees in Arizona. Safeway has about […]

Europe Seeks ‘Orderly, Gradual’ Yuan Appreciation, Juncker Says

European finance chiefs renewed calls for China to let its currency appreciate amid concern that the strengthening euro may undermine the region’s economic recovery.
Europe is seeking “an orderly and gradual appreciation of the yuan against the euro,” rather than “abrupt” or “dramatic” changes, Luxembourg’s Jean-Claude Juncker said late today in Brussels after leading […]

Brocade to post late Monday, long after HP

Brocade Communications Systems Inc. has scheduled its earnings announcement three hours after the market closes Monday, long after Hewlett-Packard Co. posts its quarterly results.
The San Jose-based networking equipment company (NASDAQ:BRCD) is expected by analysts to report a drop in fourth quarter earnings per share to 13 cents, excluding items, compared to 20 cents a share […]

Executive pay crackdown is a joke

What do you know? The suits at troubled finance firm GMAC must like working for less money. How else to explain that GMAC is reportedly trying to get a third helping of government rescue funds?
GMAC is one of the seven firms that the Obama administration announced sweeping changes in executive compensation for last […]

Miller Says Odds May Not Favor El-Erian’s New Normal

Legg Mason Inc.’s Bill Miller said odds may not favor Mohamed El-Erian’s forecast for a prolonged period of below-average economic growth.
Miller, the manager of the Legg Mason Value Trust, wrote in a letter sent today to investors that El-Erian’s perspective is an “inside view” that makes a prediction about the future based on […]