Swiss banks cutting U.S. clients loose
France 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
France 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
France News.Net
Some markets in Europe closed higher Friday, while others lingered.
657 billion cigarettes a year sold on black market
France 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
France 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
France 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
France 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
France 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
France News.Net
Hong Kong fashion designer Jing Wong has encountered fashion piracy first-hand.
New 203 room hotel opens in Mumbai this week
France News.Net
International hotel chain Novotel, opened its doors this week in Mumbai, the financial capital of India.
RI car dealer wrestles with Chrysler bankruptcy decision, appeals to keep franchise
Star Tribune
A poster in Jim Tarbox's office at his North Kingstown Chrysler Jeep dealership declares: "Challenge: The harder the course, the more rewarding the triumph." It's...
Get ready for the Terminator IOU market
Financial Post
Let the trading begin.California began mailing out its first batch of IOUs this week after state legislators failed to reach a deal over how to close the US$26-billion hole in its budget...
Toronto law firm files a petition for a class-action lawsuit against Expedia
Financial Post
A Toronto law firm has filed a petition for a class-action lawsuit against online travel company Expedia.ca, alleging the website overcharged its customers.Juroviesky and Ricci LLP filed a statement...
Air Canada, union to explore next steps Friday
Financial Post
The 3,800 Air Canada machinists and maintenance mechanics of a Montreal union local were largely responsible for the thumbs-down Wednesday on a tentative deal reached by their national...
SEC lawyer warned of Madoff irregularities
Financial Post
A U.S. Securities and Exchange Commission lawyer warned about irregularities at Bernard Madoff's financial management firm as far back as 2004, The Washington Post reported Thursday...
Oil glut could pus gas prices below $2 gallon
Newsday
A cab driver fills his tank with gas this past month just as gas prices began their ascent. Experts are now saying the glut of oil could bring prices below $2 a gallon.
Canadian banks fail to make top 30 of global ranking
Financial Post
Federal Finance Minister Jim Flaherty has touted Canada's banking system as the best in the world in the past few months, but the latest rankings from a top financial publication show that not every...
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.
Air Canada union focuses on job security as talks continue
Financial Post
In new, marathon negotiations with Air Canada, the airline's main union said Friday it will focus over the next few days on the job security demands of its Montreal chapter that caused a...
Woods tops Sports Illustrated
Financial Post
Tiger Woods, 33, had US$7.7-million in winnings and US$92-million in endorsement income to top SI.com’s “Fortunate 50” list for the sixth time in the six years it’s been published by the...
Recovery hopes buoy Wall Street
Financial Post
U.S. stocks rose on Wednesday, the start of the third quarter, as reassuring manufacturing data from China, Europe and the United States reinforced hopes that the world's economy is on...
Ford again takes advantage of GM
Financial Post
General Motors Corp.'s near-death experience is testing its performance in dealer showrooms as Canada's perennial volume leader was outsold in June by Ford Motor Co. for a second time in...
Viva Las Vegas! Onex takes over iconic Tropicana
Financial Post
Private equity investment company Onex Corp. has acquired a majority stake in the Tropicana Las Vegas Hotel and Casino after the property emerged from bankruptcy protection on Wednesday.The resort...
