Swiss banks cutting U.S. clients loose
Seattle News.Net
Swiss banks are shunning business from the U.S. amid concerns over legal issues and prospects for tighter regulation.
Obama still popular despite weakening economy, employment
Seattle News.Net
The U.S. jobless rate rose to 9.5 percent last month -- the highest figure in 26 years. In the short term, the jobs report is a political setback for President Barack Obama and his economic policies. But the latest opinion polls suggest the president continues to hold public support despite the weak economy.
European equities mixed, U.S. markets closed
Seattle News.Net
Some markets in Europe closed higher Friday, while others lingered.
657 billion cigarettes a year sold on black market
Seattle News.Net
The global tobacco industry is under attack from pirates that are ripping the heart out of cigarette sales.
Qatar Airways to launch flights to Australia later this year
Seattle News.Net
Qatar Airways will begin operating flights to Australia before Christmas and in time for the holiday season.
Industries being reinvented in Pearl River Delta
Seattle News.Net
The role of design in reinventing the world's factory was in the spotlight at a recent conference organised by the Hong Kong Design Centre.
Saudi Arabia shuts down 27 food stores over health concerns
Seattle News.Net
Twenty seven retail food outlets in a Saudi Arabian city have been shut down by health authorities.
Sahara pipeline to transport gas from West Africa to Europe
Seattle News.Net
Nigeria, Algeria and Niger have signed an agreement to build a pipeline across the Sahara that would link Europe to big west African gas reserves.
Fashion piracy causing concern in Hong Kong
Seattle News.Net
Hong Kong fashion designer Jing Wong has encountered fashion piracy first-hand.
New 203 room hotel opens in Mumbai this week
Seattle News.Net
International hotel chain Novotel, opened its doors this week in Mumbai, the financial capital of India.
Calif. high-speed rail project runs into criticism, doubts on San Francisco Peninsula
Star Tribune
Last November, more than 60 percent of voters on the San Francisco Peninsula supported a $9.9 billion bond measure to help pay for a high-speed rail line between San Francisco...
Economists point to rising debt as next crisis
MSNBC
The soaring national debt is recorded on the National Debt Clock in New York. The national debt was $11,518,472,742,288 on Wednesday, acording to the Treasury Department.
Surfers, environmentalists, Native Hawaiians trying to shut down shark tours in Hawaii
Star Tribune
Three women donned scuba masks and jumped into the waters off Oahu's North Shore, floating inside a submerged cage as about a dozen sharks glided toward bloody fish scraps tossed...
The new Bond trader
Financial Post
The unlikeliest of species on the Street is suddenly the sexiest. Not since the heady 1980s, when a surge in bond markets inspired such tales as The Bonfire of the Vanities and Liar's Poker, have...
Post-Madoff era of scrutiny will last about 15 minutes
Financial Post
Burt Ross, one of the 8,000 aggrieved former clients of Bernie Madoff, made an eloquent statement after the US$65-billion Ponzi schemester was sentenced this week to 150 years behind bars. "What...
Tax shelters leaving investors out in the storm
Financial Post
As the CRA cautions, it’s very important to get independent financial, tax and legal advice before investing in a tax shelter — and not from someone connected to the scheme or to the promoter.
A Lamborghini as Fast as the Man It’s Named For
Wired News
Lamborghini is releasing what has to be the umpteenth variation of the Gallardo, this one called the LP 550-2 Valentino Balboni. The answer to the first part of your question — why LP 550-2? is...
China tie too valuable for Teck to pass up
Financial Post
China Investment Corp. is acquiring a 17.2% equity stake in Vancouver-based mining giant Teck Resources through a $1.74-billion purchase of 101.3 million Class B subordinate voting shares.
AGF opens a Boston office as part of its expansion plan
Financial Post
AGF Management Ltd. has opened a Boston office in a bid to land more investing mandates from state pension plans, foundations and corporate investors, part of the company's efforts to expand its...
Livent sentencing hearing to begin Monday
Financial Post
Garth Drabinsky (left) and Myron Gottlieb (right), once co-owners of the now defunct theatre production company, Livent Inc., leave court after the opening day of their fraud trial in May 2008.
J&J buys US$1-billion stake in Alzheimer drug maker
Financial Post
Johnson and Johnson is take over most of Elan Corp. Alzheimer's research and invest US$1-billion in new Elan equity in exchange for an 18.4% stake in the Irish drugmaker, the companies said...
BetaPro sells unit stake to National Bank Financial Group
Financial Post
Canadian exchange-traded-funds management company BetaPro Management Inc. has sold a 20% stake of its subsidiary AlphaPro Management Inc. to National Bank Financial Group.Adam Felesky...
Uh oh Canada! Americans are out-saving us
Financial Post
Americans look set to become better savers than Canadians for the first year in almost four decades as harsh economic times drive them to save their pennies. The higher savings rate is crucial to get...
