California sues Countrywide

Countrywide Financial Corp. is accused of using misleading advertising and other unfair business practices to trick borrowers into taking on risky home loans they […]

CME plans $1.1B shares buyback

CME Group says it will repurchase $1.1 billion in shares and pay a $5 special dividend.
The operator of the Chicago Mercantile Exchange and Chicago […]

House prices, consumer confidence dive

Consumer sentiment slid to a 16-year low in June while house prices suffered record annual drops in April, according to data Tuesday that suggested […]

Morgan Stanley earnings plunge despite asset sales

Morgan Stanley on Wednesday said quarterly earnings dropped by more than 50 percent on trading losses and a slowdown in investment banking, even after […]

Court will rule on bid to end GM blockade

General Motors may have breached a union contract in the way it handled the closure of an Oshawa truck plant but that doesn’t justify […]

Corporate Express accepts $2.7B Staples offer

AMSTERDAM–The Dutch office supplies distributor Corporate Express NV accepted a sweetened buyout offer Wednesday of about $2.7 billion from U.S. office supplies retailer Staples […]

U.S. to keep currency pressure on China

WASHINGTON–Treasury Secretary Henry Paulson says the administration intends to keep pursuing a policy of "robust engagement" with China that will include filing unfair trade […]

Oil price falls but pump price still increasing

Oil prices fell to the US$122 level today after the U.S. Energy Department said gasoline demand fell sharply last week while fuel inventories jumped […]

Soaring fuel costs ground airline profits

Oil prices in the $130 (U.S.) a barrel range are far from ideal for any airline, but observers say Canada’s two biggest carriers are in […]