Merkel Finance Chief Sees No Chance for Balanced Budget in Term

German Chancellor Angela Merkel’s Finance Minister-designate Wolfgang Schaeuble said there’s no way he’ll balance the budget in four years as he enacts 24 billions […]

Fidelity Magellan dials up on growth, bounces back

In the 1980s, when stocks mostly surged, a few mutual fund managers became the equivalent of rock stars.
Tops among them: Peter Lynch, who […]

Strong loonie poses risk, bank warns

OTTAWA–The Canadian dollar jumped more than a US cent today even though the Bank of Canada sent out a warning about the loonie's persistent […]

U.S. trade gap widens on record import surge

The U.S. trade gap widened dramatically in July as imports surged and dealers stocked up on cars for the “cash for clunkers” program, while […]

Busch slips off stage despite positioning for role in InBev spotlight

Nine months ago, a historic meeting was breaking up in the ballroom of a Secaucus, N.J., hotel. Anheuser-Busch shareholders had just agreed to sell […]

Markets upbeat on U.S. Fed comments

HONG KONG – World stock markets jumped Monday as upbeat comments from the U.S. Federal Reserve's chairman and signs the American housing industry was […]

Keep Nortel assets in Canada, RIM says

OTTAWA– Mike Lazaridis of Research in Motion today urged the federal government to restructure the sale of Nortel assets to avoid the loss to foreign […]

Bank of America may slim down branch network

Bank of America Corp. could eventually shrink its 6,100-branch network by about 10 percent as consumers utilize other methods of banking, a spokesman said […]

Granite war being waged on Bloor St.

Near the northwest corner of Bloor and Church Sts., there are wooden pallets laden with two types of granite, all of it precision-cut into sidewalk […]

U.S. deficit tops $1 trillion for first time

WASHINGTON – Nine months into the fiscal year, the federal deficit has topped $1 trillion (U.S.) for the first time ever.
The imbalance is […]