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Top Stories: The failure of Federal Bank of California will cost the FDIC $146.3 million... Big News Network.com Fri, 18 Dec 2009 21:21:16 -0500The market was quiet Friday with many traders having vacated the city for the holidays. Big News Network.com Fri, 18 Dec 2009 13:09:19 -0500The FDIC will underwrite losses in excess of half a billion dollars. Big News Network.com Fri, 18 Dec 2009 19:41:08 -0500Independent Bankers' Bank did not take deposits directly from the general public nor did it make loans to consumers. Big News Network.com Fri, 18 Dec 2009 20:21:43 -0500Barclays, Credit Agricole, Lloyds led the banks lower with falls ranging from 3% to 7%. Big News Network.com Fri, 18 Dec 2009 19:04:49 -0500After 35 years in business the Imperial Capital Bank has closed its doors for the last time. Big News Network.com Fri, 18 Dec 2009 20:41:50 -0500The sole branch of New South Federal Savings Bank will reopen on Monday as a branch of Beal Bank. Big News Network.com Fri, 18 Dec 2009 20:05:40 -0500With oil firming to above $73 a barrel, and the U.S. dollar rebounding, investors were hesitant. Big News Network.com Fri, 18 Dec 2009 18:32:01 -0500Friday's closure ended 87 years of history for the bank, which opened its doors in 1922. Big News Network.com Fri, 18 Dec 2009 19:21:42 -0500CHICAGO - Mall operator General Growth Properties said Saturday that it will pay a 19-cent dividend in cash and common stock to shareholders. The dividend is payable on Jan. 28 to stockholders of re... Star Tribune Sat, 19 Dec 2009 15:44:43 -0500Scroll down to read Sen. Harry Reid's amendment to the health-care reform bill. Fox Business Sat, 19 Dec 2009 15:15:04 -0500WASHINGTON--U.S. Senate Democrats reached a compromise Saturday with holdout Senator Ben Nelson that secured the 60 votes they need to pass the broad healthcare overhaul sought by President Barack Ob... Fox Business Sat, 19 Dec 2009 15:15:01 -0500Amid signs of a strengthening economy, stock investors have become more cautious in the face of a new landscape in which cheap credit may not be as abundant. Wall Street's main indexes were mixed the ... Breitbart Sat, 19 Dec 2009 14:51:45 -0500Dec 19, 2009 - 10:26 - WAM Dubai, 19 Dec. 2009 (WAM) - The Ministry of Health (MoH) and Microsoft Gulf have signed an agreement under which the latter will provide consultancy services to the Ministry... WAM Sat, 19 Dec 2009 14:49:28 -0500MORGANTOWN, W.Va. - It was the slap heard 'round the coalfields: Cordelia Ruth Tucker, wearing the fluorescent-striped shirt of a miner, strode past West Virginia state troopers and into a stream of ... Star Tribune Sat, 19 Dec 2009 14:20:00 -0500WASHINGTON - Congressional budget scorekeepers say the latest Democratic health care bill would cover 94 percent of eligible Americans while reducing the federal deficit. The Congressional Budget Of... Star Tribune Sat, 19 Dec 2009 12:55:40 -0500SAN FRANCISCO -- Senate Democrats on Saturday secured the 60 votes necessary to derail a possible GOP filibuster to their legislation to overhaul health care. Sen. Ben Nelson, D-Neb., the final holdo... Fox Business Sat, 19 Dec 2009 12:24:08 -0500It's the busiest time of the year for Moya Greene, chief executive of Canada Post Corp. As Christmas draws near, her employees are sorting through more than 60 million pieces of mail, parcels and mes... Financial Post Sat, 19 Dec 2009 12:22:42 -0500Michael Nobrega, president and chief executive of Ontario Municipal Employees Retirement System (OMERS), says his pension plan has weathered the economic crisis. The bounce in equity markets and the s... Financial Post Sat, 19 Dec 2009 12:22:40 -0500Holiday spending is rising again thanks to the end of the recession, but are we really getting our money's worth? A new study by the Bank of Nova Scotia says Canadians will spend $891 this holida... Financial Post Sat, 19 Dec 2009 12:22:38 -0500There's a simple way to give, then there's the 'leveraged' donation tax shelter -- a scheme that can get you in trouble with the tax man, Jamie Golombek writes. Financial Post Sat, 19 Dec 2009 12:22:37 -0500LONDON - Four passenger trains broke down in the Channel Tunnel between France and Britain, stranding more than 2,000 passengers for hours Saturday, many without heating, light or water. Eurostar ex... Star Tribune Sat, 19 Dec 2009 11:41:37 -0500Lightning above a Kansas wheat field. Photograph: Cotton Coulson/Getty Wheat is a critical staple crop, supplying much of the world's dietary protein. In 2007 world production was 607m tonnes, makin... Guardian Sat, 19 Dec 2009 11:33:12 -0500City of Industry, CA --(www.FinancialNewsUSA.com)-- 12/19/2009 - Financial News industry news provided by Financial News USA. Research In Motion posted a big jump in profit and issued an even stronger... Financial News USA Sat, 19 Dec 2009 11:32:47 -0500NEW YORK (CNNMoney.com) -- Wall Street is in for a quiet three and a half days of trading this week with many market participants on vacation and traders mostly focused on defending this year's gains.... CNN Money Sat, 19 Dec 2009 11:21:43 -0500The Allbury Travel Group - which traded as Libra Holidays, Argo Holidays and JetLife - ceased trading at midnight. About 100 customers were currently abroad and some 4,000 people had forward bookings... Sky News Sat, 19 Dec 2009 11:18:29 -0500Regulators on Friday shut down two big California banks, as well as banks in Alabama, Florida, Georgia, Michigan and Illinois, bringing to 140 the number of U.S. banks brought down this year by the we... CBS News Sat, 19 Dec 2009 11:07:42 -0500SAN FRANCISCO (MarketWatch) -- U.S. stock investors in the week ahead will grapple with an increasingly familiar theme -- that better economic data may ring a death knell for the era of the ultralow r... MarketWatch Sat, 19 Dec 2009 10:11:44 -0500WASHINGTON - Senate Democrats appear within reach of the 60 votes necessary to pass President Barack Obama's health care legislation after a long year of struggle and a final burst of deadline bargain... Star Tribune Sat, 19 Dec 2009 08:52:02 -0500NEW DELHI: In what could be soothing to the ears of the global airline industry, the rate of slowdown in business class traffic has declined in October from the previous month, the IATA said on Sat... Times Of India Sat, 19 Dec 2009 07:55:53 -0500WASHINGTON - Senators resumed work before the sun rose Saturday on a snow-covered Capitol to vote on legislation ensuring that U.S. troops are armed and the jobless don't lose their benefits — ... Star Tribune Sat, 19 Dec 2009 07:24:35 -0500Although Mac clone maker Psystar has turned off the lights at its Web site, the firm is not shutting down permanently, the company's lawyer said today. Contrary to a report on Thursday by the Dow Jo... Fox Business Sat, 19 Dec 2009 06:54:24 -0500(EMAILWIRE.COM, December 19, 2009 ) Dallas, TX - Oracle Corporation (NASDAQ:ORCL) went up 6.38% to $24.34 on 88.25 million shares after the company announced fiscal 2010 Q2 GAAP earnings per share of ... Earth Times Sat, 19 Dec 2009 06:53:12 -0500NEW YORK – Stocks rose on Friday in choppy trade as quarterly results from Oracle and Research In Motion lifted the Nasdaq more than 1 percent, but the U.S. dollar's climb curbed gains in both the D... SINA Sat, 19 Dec 2009 06:25:35 -0500Kodak . The ruling is an initial determination, meaning it is now subject to review by the commission. The ruling is a result of a complaint first filed late last year by Kodak charging both Samsung... Fox Business Sat, 19 Dec 2009 05:33:39 -0500EarthLink in 2006 but sold only two years later as the struggling ISP pulled out of the municipal wireless business. The Philadelphia network was... Fox Business Sat, 19 Dec 2009 04:13:11 -0500PZZ (“Prospect” or the “Company”), which owns and operates five hospitals and manages the medical care of HMO enrollees in southern California, today announced that it plans to issue financ... CNBC Sat, 19 Dec 2009 03:41:28 -0500Highlights of the Senate's year-end wrap-up legislation: DEFENSE SPENDING _$626 billion for the Pentagon for the budget year that began Oct. 1, including $128 billion for military operations in Iraq... Star Tribune Sat, 19 Dec 2009 03:20:40 -0500SINGAPORE -- The Government of Singapore Investment Corporation (GIC) said Friday it will keep its stake in Citigroup in a vote of confidence for the US banking giant, whose shares tumbled this week. ... The China Post Sat, 19 Dec 2009 03:07:58 -0500SAN FRANCISCO -- Among companies whose shares are expected to see active trade Monday are ConAgra Inc., Walgreen Co. and Jabil Circuit Inc.ConAgra (... Fox Business Sat, 19 Dec 2009 02:49:05 -0500OTTAWA - The federal government is ready to clamp down further on mortgage rules if the boom in the Canadian housing market turns into a bubble, says Finance Minister Jim Mr. Flaherty. In an exclusiv... Financial Post Sat, 19 Dec 2009 02:48:59 -0500TORONTO -- Cossette Inc. will revert to a private company after a shareholder vote on Friday approving a takeover of the Quebec ad agency by Mill Road Capital L.P. After a takeover battle which was i... Financial Post Sat, 19 Dec 2009 02:48:57 -0500Another subdued week for Canadian stocks ended on a slight sour note Friday, despite big gains from Research in Motion Ltd. After early gains vanished in late day trading, the S&P/TSX composite i... Financial Post Sat, 19 Dec 2009 02:48:55 -0500Doug Silver felt he had to do something. In the mining royalty business, his company International Royalty Corp. (IRC) is much smaller than competitors Royal Gold Inc. and Franco-Nevada Corp., and th... Financial Post Sat, 19 Dec 2009 02:48:54 -0500Want to find a great long-term investment? Look for an annual report that treats you like a human being. Most don't. The standard-issue annual report features heroic photos of the CEO, staged snapsho... Financial Post Sat, 19 Dec 2009 02:48:51 -0500The Ontario Securities Commission said Friday it will hold hearings next week to consider settlements with CIBC and CIBC World Markets and HSBC Bank Canada over their role in the sale of third-party .... Financial Post Sat, 19 Dec 2009 02:48:48 -0500OTTAWA -- Canada's federal budget deficit grew by $3.3-billion in October, an improvement of sorts after four consecutive months of running shortfalls of at least $5-billion, data from the Department ... Financial Post Sat, 19 Dec 2009 02:48:46 -0500The regulator for the telecommunications industry is once more weighing whether to permit a new cellphone firm to launch services or not. This time, Public Mobile Inc. has been called in front of... Financial Post Sat, 19 Dec 2009 02:48:44 -0500WASHINGTON -- Major U.S. airlines have mounted a legal challenge to European Union regulations that would cap allowable jetliner emissions and force carriers to pay up for exceeding limits. The Air T... Financial Post Sat, 19 Dec 2009 02:48:43 -0500NEW YORK -- Oil rose above US$73 a barrel Friday, after an incursion by Iranian troops into an Iraqi oilfield signalled tensions between two major crude exporters, while a firming dollar showed invest... Financial Post Sat, 19 Dec 2009 02:48:40 -0500Royal Bank of Scotland Group PLC, recipient of the world's biggest banking bailout, is contributing 10-pounds (US$16) a head toward employee Christmas parties this year, enough to buy two pints of lag... Financial Post Sat, 19 Dec 2009 02:48:36 -0500Prime Minister of the United Kingdom Gordon Brown. Britain's public sector net borrowing hit its highest ever monthly level in November, taking total outstanding net debt to a record 60.2% of economic... Financial Post Sat, 19 Dec 2009 02:48:34 -0500OTTAWA -- The value of Canada's wholesale trade rose less than expected in October, as declines in the food and beverages sector countered gains by auto-related sales. Sales edged up 0.3% to $41.... Financial Post Sat, 19 Dec 2009 02:48:31 -0500George Cope, chief executive, said on a conference call BCE will raise its dividend for the second time since August, this time by a better-than-expected 7% to $1.74 a share next year. Financial Post Sat, 19 Dec 2009 02:48:29 -0500A new natural-gas shale play, akin to the Horn River gas field in northwestern British Columbia, is emerging in Alberta, and explorers made a multi-million gamble on the zone earlier this week. Financial Post Sat, 19 Dec 2009 02:48:28 -0500The U.K banking watchdog has hit Toronto-Dominion Bank with a $12-million fine, one of its largest ever, for repeated systems failures around to the pricing of credit derivatives. This is the second ... Financial Post Sat, 19 Dec 2009 02:48:27 -0500LONDON -- The euro clawed back some of its recent steep losses against the dollar and yen on Friday and rose off nine-month lows versus the Swiss franc while higher oil prices pushed European stocks h... Financial Post Sat, 19 Dec 2009 02:48:25 -0500Pat Daniel, Enbridge’s chief executive, said the company will spend between $1.5-billion and $2-billion on renewable power projects over the period. Financial Post Sat, 19 Dec 2009 02:48:23 -0500Canadian stocks were hit hard on Thursday, as investors fled from commodities like oil and gold in favour of the rallying greenback. The S&P/TSX composite index was down 163.98 points, or 1.4%, t... Financial Post Sat, 19 Dec 2009 02:48:21 -0500LONDON -- British Airways Plc won a court ruling on Thursday to prevent a 12-day cabin crew strike that threatened to strand hundreds of thousands of passengers over Christmas. BA cabin crew had said... Financial Post Sat, 19 Dec 2009 02:48:18 -0500Transat A.T. turned in a much stronger-than-expected earnings Thursday as the country's largest travel tour operator delivered on its promise to manage its costs and scale back its capacity to help fi... Financial Post Sat, 19 Dec 2009 02:48:17 -0500OTTAWA -- Canada's annual rate of inflation rose for a second straight month in November, led by higher gasoline prices. Statistics Canada said Thursday its consumer price index rose to 1% during... Financial Post Sat, 19 Dec 2009 02:48:16 -0500Greg Wilkins, the former chief executive of Barrick Gold Corp. and a leader in Canadian business, passed away on Wednesday after a battle with cancer. He was 53. Financial Post Sat, 19 Dec 2009 02:48:14 -0500Thousands of BlackBerry users across North and South America were left in the dark Thursday as the company reported a widespread email outage. Corporate customers should not have any interruption in .... Financial Post Sat, 19 Dec 2009 02:48:13 -0500The statistics may not show it yet but real estate company CB Richard Ellis says there are signs the leasing market may be improving. "An increase in leasing activity and improved access to capit... Financial Post Sat, 19 Dec 2009 02:48:12 -0500NEW YORK/CHARLOTTE, North Carolina -- Bank of America Corp on Wednesday tapped insider Brian Moynihan as its next chief executive, ending months of speculation about who would succeed Kenneth Lewis to... Financial Post Sat, 19 Dec 2009 02:48:10 -0500Scottish low-cost carrier Flyglobespan has collapsed after its parent company suffered liquidity issues, the company said on its website. The Globspan Group and Alba Ground Handling Ltd entered i... Financial Post Sat, 19 Dec 2009 02:48:07 -0500CHICAGO -- Coca-Cola Enterprises Inc raised its profit outlook for 2009 and said earnings should rise in a high single-digit percentage rate in 2010 as it works on drawing consumers to its drinks. ... Financial Post Sat, 19 Dec 2009 02:48:05 -0500Ontario's Crown corporations could turn into the crown jewels for Canadian pension plans, with two of the largest signalling Wednesday that they would be interested in any move toward privatization of... Financial Post Sat, 19 Dec 2009 02:48:04 -0500As the struggle for supremacy in the burgeoning market for e-book readers intensifies, it's shaping up to be a battle between the Kindle and the rest of the world. Although Amazon.com Inc. recently r... Financial Post Sat, 19 Dec 2009 02:47:58 -0500In a forecast for the law firm Bennett Jones LLP, where he is a senior advisor, David Dodge wrote that the Canadian economy should grow at an annualized 3-1/2% in the first half of 2010. Financial Post Sat, 19 Dec 2009 02:47:56 -0500LONDON -- Britain's Financial Services Authority fined Canada's Toronto Dominion Bank 7-million pounds (US$11.45-million), the regulator's fourth-biggest penalty ever, for failing to scrutinize the pr... Financial Post Sat, 19 Dec 2009 02:47:55 -0500TORONTO -- Startup cellphone carrier WIND Mobile says it will sell handsets at cost while offering customers pricing plans for "unlimited" voice and data services for far less money than its rival inc... Financial Post Sat, 19 Dec 2009 02:47:52 -0500OTTAWA -- Bank of Canada governor Mark Carney Wednesday asked the country's financial institutions to uphold their global reputation as sterling risk managers and exercise caution in their lending to ... Financial Post Sat, 19 Dec 2009 02:47:50 -0500Canada Mortgage and Housing Corp. said the vacancy rate across the country’s 35 biggest urban centres was 2.8% as of October this year, up from 2.2% a year earlier. Financial Post Sat, 19 Dec 2009 02:47:41 -0500Lehman, the investment bank liquidating in bankruptcy, asked U.S. Bankruptcy Judge James Peck in New York last month for permission to pay the bonuses to about 230 full-time employees unwinding the ..... Financial Post Sat, 19 Dec 2009 02:47:38 -0500The Bank of Nova Scotia is said to be among the bidders for a stake in one of Thailand's biggest banks. Thailand's central bank is seeking about US$1-billion for a 47.6% stake in Siam City Bank PLC, ... Financial Post Sat, 19 Dec 2009 02:47:36 -0500ATHENS/LONDON -- Greece suffered the second downgrade of its credit rating in a week on Wednesday, hours after its finance minister revealed plans to resume borrowing from bond markets early next year... Financial Post Sat, 19 Dec 2009 02:47:34 -0500Football teams stand to make £45m each from reaching the knock-out stages of the UEFA Champions League. Research for the tournament's official sponsor Mastercard suggests that Europe's top football... Ananova Sat, 19 Dec 2009 02:24:20 -0500A federal judge ruled Friday that St. Paul businessman Jerry Trooien and two of his aircraft-leasing businesses owe at least $18 million to GE Capital for defaulting on loans on two airplanes. George... Star Tribune Sat, 19 Dec 2009 01:58:09 -0500SAN FRANCISCO -- Lawyers for a small U.S. technology firm said Thursday it is suing Microsoft on the grounds it has prior claim to the name “Bing.”... The China Post Sat, 19 Dec 2009 01:46:39 -0500OTTAWA (Reuters) - BlackBerry maker Research In Motion may have zipped past expectations for its quarterly results and forecast, but it hasn't dispelled all doubts about its staying power to lead the ... Reuters Sat, 19 Dec 2009 01:25:41 -0500Regulators on Friday shut down two big California banks, as well as banks in Alabama, Florida, Georgia, Michigan and Illinois, bringing to 140 the number of U.S. banks brought down this year by the we... CBS News Sat, 19 Dec 2009 01:23:20 -0500But vodka drinkers aren’t off the hook: Drinkers’ sleep suffered equally with both drinks, as did their performance on tasks requiring attention and quick responses. Understanding the lingerin... Wired News Sat, 19 Dec 2009 01:19:13 -0500Long Christmas trees twinkled in windows, the chief of Toys "R" Us threw his company's weight behind an odd bet. It was early summer, and Gerald Storch had a fake hamster on his desk. His b... Star Tribune Sat, 19 Dec 2009 00:29:26 -0500SAN FRANCISCO (MarketWatch) -- Among companies whose shares are expected to see active trade Monday are ConAgra Inc., Walgreen Co. and Jabil Circuit Inc. MarketWatch Sat, 19 Dec 2009 00:24:06 -0500Closed Auto Dealers Appeal to Congress (AP) General Motors Co. made the first payment on its giant installment loans from the U.S. and Canadian governments on Friday, sending $1 billion to the U.S. Tr... CBS News Fri, 18 Dec 2009 23:55:23 -0500Confessed hacker Albert Gonzalez’s turn as a Secret Service informant led him down a dark path of obsession, culminating in the largest identity-theft spree in history. Frances Gonzalez Lago, G... Wired News Fri, 18 Dec 2009 23:50:31 -0500Verizon defended its early termination charges for cellphone contracts Friday, telling federal regulators that the high fees help the poor by making it more affordable for them to access the mobile in... Wired News Fri, 18 Dec 2009 23:50:29 -0500Janus Friis and Niklas Zennstrom think they can succeed where others have failed, in convincing music fans to spend a few dollars each month on an unlimited music subscription service. If these were a... Wired News Fri, 18 Dec 2009 23:50:28 -0500Is Wells Fargo & Co. better off without billions of dollars in government support? Some shareholders aren't so sure. Wells Fargo this week became the last of the nation's four megabanks to wrest... Star Tribune Fri, 18 Dec 2009 22:56:56 -0500Minnesota Nice is legendary, but for businesspeople of color it doesn't always seem that way, says the Minneapolis Regional Chamber of Commerce. For people of color, the Twin Cities' demographics -- ... Star Tribune Fri, 18 Dec 2009 22:56:53 -0500General Motors Co. is killing off another well-known brand -- Saab, a quirky line of cars known for angular roof lines and ignition keyholes between the front seats -- after talks with a Dutch would-b... Star Tribune Fri, 18 Dec 2009 22:56:52 -0500The British airport operator BAA has posted a 16.8 per cent rise in profits for the nine months to the end of September, but warned that it expects earnings in 2010 to fall below 2009 levels. BAA, w... The Independent Fri, 18 Dec 2009 22:49:51 -0500Pranksters riddled a new Republican-branded URL-shortening service this week with unwelcome links juxtaposing the GOP brand with ironic web pages, such as one featuring a sex toy in the likeness of Ba... Wired News Fri, 18 Dec 2009 22:18:05 -0500It started with a bang, fuelled by the optimism of a new millennium, and ended with a whimper, as the economy limped along in the grip of the worst recession the UK has seen since the second world war... Guardian Fri, 18 Dec 2009 21:10:26 -0500 |
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