Colfax to buy Charter Intl in $2.4 B deal

Pump and valve maker Colfax Corp. says it will buy Irish engineering businesses owner Charter International PLC in a cash-and-stock deal valued at $2.4 billion.
Colfax, […]

Double-dip recession is unlikely, economists say

WASHINGTON

Pledge of common tax in Euro zone not enough to boost wallowing markets

Stock markets stayed stuck in negative territory Tuesday, wallowing in a spate of bad economic news that stretched from the U.S. to the European Union.
First […]

U.S. House approves bill debt bill, Senate rejects it

WASHINGTON

Canada

Income inequality in Canada is widening as the rich get richer and poor and middle-income Canadians lose ground, says the Conference Board of Canada in […]

Merger to create discount real-estate powerhouse

The Canadian real-estate market is expected to get much more competitive with a new discount agency partnership that would offer cheaper real-estate fees to consumers […]

Republicans bail on budget talks, blame Democrats

Republicans pulled out of debt-reduction talks led by Vice President Joe Biden with a flourish on Thursday, blaming Democrats for demanding tax increases as part […]

World stocks down amid Greek bailout impasse

World stocks were mostly lower after European finance ministers delayed a decision to extend emergency help to prevent Greece from defaulting on its debts.
Oil slipped […]

Toyota promises shareholders revival from disaster

President Akio Toyoda promised shareholders a revived Toyota despite the production disruptions from the earthquake and tsunami that decimated northeastern Japan on March 11, and […]

Postal strike hit Toronto tonight

The union representing 48,000 postal workers says Canada Post is trying to provoke a full walkout by cutting delivery to three days a week.
“Canada Post […]