Neil Macdonald: Fiscal showdown at the U.S. Congress

Americans, it would appear, are about to give the world another lesson in their self-proclaimed exceptionalism. What other democratic nation's leaders, after all, would deliberately design a fiscal disaster and aim the country's economy straight for...

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Stock markets edgy before 'fiscal cliff'

The Toronto stock market was lower Friday amid growing skepticism about whether U.S. lawmakers can keep the economy from going over the so-called fiscal cliff. The S&P/TSX composite index dropped 44.55 points to 12,329.22 as the clock ticks towards...

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CIBC pays $150M to settle Lehman-related claim

The collapse of a firm that had been considered too big to fail sent shock waves through the global financial industry and contributed to the 2008-09 recession. (Nicholas Roberts/AFP/Getty) CIBC has agreed to pay $149.5 million US to settle a claim...

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'Fiscal cliff' talks go down to the wire

Markets appeared Monday to be taking in stride the prospect that U.S. politicians will fail to agree a budget deal in time to avoid automatic tax increases and spending cuts that many economists think could tilt the world's largest economy back into...

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TSX among world's worst stock markets in 2012

The Toronto Stock Exchange is set to close out an underwhelming three per cent gain for 2012, which would place Canada's benchmark bourse among the developed world's worst-performing stock markets this year. The S&P/TSX Composite Index was trading...

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RIM shares rise another 13% after Christmas shutdown

RIM shares marched higher on Thursday after the Toronto Stock Exchange reopened following a two-day closure for the Christmas holiday period. Waterloo, Ont.-based Research In Motion gained $1.27, or more than 12 per cent, to trade at 11.77. That's...

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Neil Macdonald: Fiscal showdown at the U.S. Congress

Americans, it would appear, are about to give the world another lesson in their self-proclaimed exceptionalism. What other democratic nation's leaders, after all, would deliberately design a fiscal disaster and aim the country's economy straight for...

22.39 | 0 komentar | Read More

Stock markets edgy before 'fiscal cliff'

The Toronto stock market was lower Friday amid growing skepticism about whether U.S. lawmakers can keep the economy from going over the so-called fiscal cliff. The S&P/TSX composite index dropped 44.55 points to 12,329.22 as the clock ticks towards...

22.39 | 0 komentar | Read More

Exemption allows for sale of troubled XL Foods meat plant

The sale of the Alberta meat plant at the centre of Canada's largest beef recall is now one step closer to becoming reality. JBS says it hasn't yet bought the XL Foods meat plant in Brooks, Alta., but it is moving through the steps necessary to make...

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Obama warns of 'self-inflicted wound' to U.S. economy

U.S. Senate leaders groped for a last-minute compromise Saturday to avoid middle-class tax increases and possibly prevent deep spending cuts at the dawn of the new year as President Barack Obama warned that failure could mean a "self-inflicted wound...

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Exemption allows for sale of troubled XL Foods meat plant

The sale of the Alberta meat plant at the centre of Canada's largest beef recall is now one step closer to becoming reality. JBS says it hasn't yet bought the XL Foods meat plant in Brooks, Alta., but it is moving through the steps necessary to make...

22.39 | 0 komentar | Read More

RIM shares rise another 13% after Christmas shutdown

RIM shares marched higher on Thursday after the Toronto Stock Exchange reopened following a two-day closure for the Christmas holiday period. Waterloo, Ont.-based Research In Motion gained $1.27, or more than 12 per cent, to trade at 11.77. That's...

22.39 | 0 komentar | Read More

Neil Macdonald: Fiscal showdown at the U.S. Congress

Americans, it would appear, are about to give the world another lesson in their self-proclaimed exceptionalism. What other democratic nation's leaders, after all, would deliberately design a fiscal disaster and aim the country's economy straight for...

22.39 | 0 komentar | Read More

Stock markets edgy before 'fiscal cliff'

The Toronto stock market was lower Friday amid growing skepticism about whether U.S. lawmakers can keep the economy from going over the so-called fiscal cliff. The S&P/TSX composite index dropped 44.55 points to 12,329.22 as the clock ticks towards...

22.39 | 0 komentar | Read More

U.S. Senate leaders rush to assemble deal to avoid fiscal cliff

Senate leaders rushed late Friday to assemble a last-ditch agreement to avoid middle-class tax increases and possibly delay steep spending cuts in an urgent attempt to find common ground after weeks of post-election gridlock, after an impatient President...

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RIM shares rise another 13% after Christmas shutdown

RIM shares marched higher on Thursday after the Toronto Stock Exchange reopened following a two-day closure for the Christmas holiday period. Waterloo, Ont.-based Research In Motion gained $1.27, or more than 12 per cent, to trade at 11.77. That's...

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Toyota safety defect case settlement tops record $1B

A major chapter of a nearly four-year legal saga that left Toyota Motor Corp. fighting hundreds of lawsuits and struggling with a tarnished image has ended with a proposed payout of more than $1 billion US. The settlement — unprecedented in its size...

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Apple CEO handed more modest $4.2M salary for 2012

Apple CEO Tim Cook received $4.2 million US in pay for the latest fiscal year, a modest sum compared with last year, when the company's board set him up with stock now worth $510 million for taking the reins in 2011. Cook's pay for fiscal 2012, which...

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Neil Macdonald: Fiscal showdown at the U.S. Congress

Americans, it would appear, are about to give the world another lesson in their self-proclaimed exceptionalism. What other democratic nation's leaders, after all, would deliberately design a fiscal disaster and aim the country's economy straight for...

22.39 | 0 komentar | Read More

Obama, congressional leaders to meet as 'fiscal cliff' looms

U.S. President Barack Obama has asked congressional leaders to convene Friday at the White House for last-minute talks on a "fiscal cliff" deal that avoids automatic tax increases and broad spending cuts that threaten the economy's nascent recovery....

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Oil surges to 2-month high above $91 a barrel

Oil prices jumped more than $2 a barrel Wednesday as commodity markets viewed the early return to Washington of U.S. President Barack Obama from his Hawaiian vacation as a positive development in the search for a deal to avert the so-called "fiscal cliff."...

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Boxing Day shoppers lured by bargains

Canadians headed out in search of Boxing Day bargains, with some eager shoppers camping overnight outside stores to get the first chance at massive deals. Retailers in most provinces offered deep discounts and extended shopping hours in an attempt to...

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$1B settlement in Toyota recall case

Toyota Motor Corp. said Wednesday it has reached a settlement worth more than $1 billion in a case involving hundreds of lawsuits over acceleration problems in its vehicles. The company said in a statement that the deal will resolve cases involving...

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U.S. jobless claims fall to almost 5-year low

The average number of people seeking unemployment benefits in the United States over the past month fell to the lowest level since March 2008, a sign that the job market is healing. The Labor Department says weekly applications dropped 12,000 to a seasonally...

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Obama, some senators return to face 'fiscal cliff'

President Barack Obama cut short his holiday and was returning to Washington today as no deal appeared in sight to avoid the year-end "fiscal cliff" of higher taxes and deep spending cuts that could spin the still-fragile back into a recession. Treasury...

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Obama pushes smaller-scale budget deal as fiscal cliff looms

U.S. President Barack Obama has throttled back his ambitions for a sweeping budget bargain with Republicans, calling for a scaled-back measure sufficient to prevent the so-called fiscal cliff in January by extending tax cuts for most taxpayers and forestalling...

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