Loonie falls below 95 cents, TSX continues sell-off on Greece fears
October 4th, 2011
Most interesting finance and busines news.
Israel’s government welcomed on Sunday parts of an international proposal to resume long-stalled peace talks with the Palestinians but said it had concerns about the plan.
The plan by Mideast mediators, known as the Quartet, calls for a peace deal in a year and asks both sides to produce comprehensive proposals on territory and security within […]
Filed under: economics, management by Guru
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Consumers’ confidence in the economy remained weak in September after dropping to a post-recession low in the month before as Americans continued to worry about high unemployment and low wages.
People were spooked last month over a downgrade of U.S. long-term debt, renewed concerns about the health of European banks and wild stock market wings. And […]
Bank of Nova Scotia is taking a stake in China
Filed under: markets, technology by Guru
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It looks like the J.C. Penney catalog outlet store at Jamestown Mall may not be doomed after all, though everyone is being very hush-hush about it for now.
Sales associates said they have been told that plans are in the works for the store to be bought by another company, which would run the store by […]
U.S. stock futures are rising after the damage from Tropical Storm Irene wound up being less than many analysts had anticipated.
The storm ripped through the East Coast and caused widespread flooding. Millions were without power. However a consulting firm predicted that insured damages would range between $2 billion and $3 billion, lower than initially estimated.
Insurer […]
Filed under: finance, technology by Guru
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More than 630,000 homes and businesses lost power Saturday as Hurricane Irene slammed into the East Coast.
Winds of up to 115 miles per hour whipped across the Eastern Seaboard, ripping power lines from poles and snapping trees in half. Hospitals, emergency call centers and other crucial facilities were holding up, but officials said it could […]
The scariest thing about the recent stock market selloff has been the way investors are treating the major U.S. banks.
Shares of Bank of America and Citigroup have lost almost a third of their value in the past month, falling twice as much as the broad market averages. Wells Fargo, US Bancorp and PNC Financial Services […]
Shares on the Athens Stock Exchange are plunging, with the general price index down 4.8 percent at levels not seen since the mid 1990s.
The general index stood at 1,011.70 as global stock markets continued their recent slide following Friday’s downgrade of U.S. debt by Standard & Poor’s.
Debt-ridden Greece became the first European Union country to […]
Filed under: Uncategorized, business by Guru
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