U.S. Economy: Confidence Sinks to Record Low on Jobs, Mortgages

Consumer confidence sank to the lowest level in at least 41 years this month as Americans grew more concerned about keeping their jobs and […]

Pound Poised to Gain as BOE Slows Pace of Rate Cuts

The pound may rebound from its worst year on record against the euro as investors start betting on a recovery in the U.K. economy, […]

Luxury tower rises above weak housing market

Describing it as a stealth project would be a stretch, considering it’s costing about $70 million and is under construction six days a week […]

Asia tech firms cut costs with forced leave for workers

When the global recession began to take a toll on high-tech manufacturers in Taiwan, the factories gave their workers a vacation that many would […]

Has the bling lost its lustre?

Luxury is out. Parsimony is in.
With a global credit crunch chopping the wealth of the world’s billionaires, it’s no longer fashionable to yak on […]

Brazilian unit of A-B InBev faces investigation in Brazil

Companhia de Bebidas das Americas — better known as AmBev, the Brazilian unit of the world’s biggest brewer — is being investigated on suspicion […]

Manufacturing sales slip in October

OTTAWA–Manufacturing sales decreased 1.8 per cent in October, bringing constant-dollar sales to their lowest monthly level since December 2001.
Statistics Canada reports the Canada-U.S. […]

U.S. must move first on auto aid: Clement

OTTAWA–A $3.4 billion bailout package from Ottawa and Ontario for the struggling Big Three Canadian automakers appears in flux as the Bush administration hesitates […]

No need to chop labour costs: CAW

The Canadian Auto Workers is insisting the union doesn’t need to cut wages and benefits to become "part of the solution" for massive public aid […]

Tribune Co. files for bankruptcy protection

NEW YORK – Media conglomerate Tribune Co. has filed for bankruptcy protection from creditors.
The privately held owner of the Chicago Tribune, the Los […]