Business RSS
-
Dispute over immigration erupts during White House lunch designed to search for compromise
WASHINGTON – A White House lunch aiming for co-operation boiled into a fresh dispute with newly empowered Republicans over immigration reform Friday, with GOP leaders warning President Barack Obama to his face not to take unilateral action. The president stood unflinchingly by his plan to act. Republicans attending the postelection lunch at Obama’s invitation said
Read the Rest of the Entry
-
Court hears protesters’ complaints of climate change prompted pipeline lawsuit
VANCOUVER – A lawyer defending two protesters who have been blocking Kinder Morgan’s survey work for its proposed pipeline through Metro Vancouver says his clients are being sued because they’re speaking out about climate change. Jason Gratl told B.C. Supreme Court that Mia Nissen and Adam Gold are being targeted along with three other activists
Read the Rest of the Entry
-
Mexico cancels Chinese high-speed rail contract, opening the door for Bombardier
MONTREAL – Mexico has cancelled a high-speed rail contract granted earlier this week to a Chinese-led consortium, opening the door for a possible bid from Bombardier, the Canadian transportation company said Friday. “I can’t tell you a definite yes but obviously we will be interested. We will be looking into that bid once more,” spokesman
Read the Rest of the Entry
-
Rogers takes new pricing for wireless customers visiting United States
TORONTO – Rogers Communications has unveiled a new wireless roaming strategy for customers visiting the United States. The telecommunications giant says its new Roam At Home discount ensures that its customers will be charged a maximum of $50 a month for roaming fees when they use their smartphones while travelling in the United States. Chief
Read the Rest of the Entry
-
Supreme Court will take up new challenge to Obama health care over subsidies
WASHINGTON – The Supreme Court has agreed to hear a new challenge to President Barack Obama’s health care law. The justices on Friday say they will decide whether the law authorizes subsidies that help millions of low- and middle-income people afford their health insurance premiums. A federal appeals court upheld Internal Revenue Service regulations that
Read the Rest of the Entry
-
German train drivers’ union to end strike ahead of Berlin Wall anniversary
BERLIN – A German train drivers’ union says it will end a strike that has caused commuter chaos ahead of the country’s celebration on Sunday of the 25th anniversary of the fall of the Berlin Wall. Germans news agency dpa reported Friday that the head of the GDL union announced the strike would end Saturday
Read the Rest of the Entry
-
Russia’s central bank says it may again boost interventions to shore up plummeting ruble
MOSCOW – Russia’s central bank has moved to stop the national currency’s nosedive by saying it stands ready to intervene in markets. The ruble plummeted to an a new low of 48.7 rubles a dollar Friday before bouncing back on reports about the bank’s emergency board meeting. After the bank issued its statement, the currency
Read the Rest of the Entry
-
Yellen promises clear communication of interest rate policies to minimize market disruptions
WASHINGTON – Federal Reserve Chair Janet Yellen says the Fed is striving to clearly communicate its intentions on interest rates in order to minimize surprises that could disrupt financial markets both in the United States and globally. She says central bank policymakers understand that moving from a period of very low interest rates to more
Read the Rest of the Entry
-
Ontario’s unemployment rate falls to 6.5 per cent; 37,000 net new jobs added
TORONTO – Statistics Canada says Ontario added 37,000 net new jobs in October, pushing the province’s unemployment rate down sharply to 6.5 per cent. The provincial government says that’s the lowest rate since October 2008. The unemployment rate fell 0.6 percentage points in October, bringing it in line with the national unemployment rate, which was
Read the Rest of the Entry
-
Sears stock jumps as it says it’s exploring sale of buildings to improve liquidity
NEW YORK, N.Y. – Sears Holdings’ stock skyrocketed in premarket trading after the struggling retailer said it’s considering selling about 200 to 300 of its buildings to boost its liquidity. The move would entail the company forming a real estate investment trust, or REIT, that would hold the stores. Sears would continue to operate in
Read the Rest of the Entry