Although this isn't the first time the Canadian dollar has surged in value over the last several years, it looks like this time around it will be a sustainable event and Canadian manufacturers are taking that into consideration in their operations and strategi...
Canada (Mar 17th, 10)
Rosneft, the Russian majority state-owned oil company, had its shares take a hit today as it announced a British court could seize assets of the company from the lawsuit filed by executives who used to work for Yukos Oil.
This particular case is an extension ...
United Kingdom (Mar 17th, 10)
Investors liked what they heard when Moody's increased the corporate credit rating of Ford Motor (NYSE:F) to B2, driving up not only the share prices to 5-year highs, but also their bonds rose as well on the news.
When Ford shares hit $14.02 at a little after...
Business (Mar 17th, 10)
The giant South African construction and engineering company Aveng Ltd. is looking beyond its borders to Australia for acquisitions, although it's keeping its eye on the South African market as well.
Specifically targeted industries Aveng is interesting in ac...
Business (Mar 17th, 10)
British Prime Minister Gordon Brown lashed out at criticism from the EU Commission over the growing deficit in the U.K., which they are responding to much too slowly, according the the Commission.
A report due to be released on Wednesday was leaked early, whi...
United Kingdom (Mar 16th, 10)
Desperate for ways to cut costs and generate revenue, airlines around the world have been changing the practice of offering free meals on their flights, with the latest airline to begin charging for meals being Continental Airlines (NYSE:CAL).
The changes wil...
Airlines (Mar 16th, 10)
Today both JPMorgan Chase (NYSE:JPM) and U.S. Bancorp (NYSE:USB) declared quarterly dividend of 5 cents a common share, making the annual dividend 20 cents a share for each company.
JPMorgan's dividend is payable on April 30, 2010 for shareholders of record o...
Banking (Mar 16th, 10)
Investors liked what they heard from Royal Dutch Shell (NYSE:RDS-B) concerning the need to contain costs while increasing profits, as Shell said they're increasing their new projects and looking to cut a number of jobs to contain costs.
Investors and sharehol...
Energy (Mar 16th, 10)
Evidently on behind the scenes pressure from the United States, Britain, Canada and Australia are investigating UBS (NYSE:UBS) over alleged allegations it has aided U.S. customers in ducking their taxes for many years.
After the deal made between the United S...
Banking (Mar 15th, 10)
AIG (NYSE:AIG), now ignorantly owned by the U.S. government, may have to wait some time before they close the books on bonuses originally going to be paid out to former employees of $21 million, which are now being withheld by the giant insurer.
Supposedly wi...
Insurance (Mar 15th, 10)
Progenics Pharmaceuticals (NASDAQ:PGNX) released its fourth-quarter results today, and the company was able to decrease its losses in the fourth quarter from last year, ending down by $639,000, or 2 cents a share.
Revenue for the quarter was over double it wa...
Healthcare (Mar 15th, 10)
Citigroup (NYSE:C) analyst Deborah Weinswig gave Wal-Mart (NYSE:WMT) a boost today as she upgraded the stock based on further grocery discounts and their continual pursuit of wealthier customers with their apparel department and changes in store design.
Weins...
Business (Mar 15th, 10)
It's incredible that people with any common sense would pay for the millions in municipal bonds Goldman Sachs (as lead) is partnering with the city of Detroit to pay for its over quarter of a billion in debt.
The debt of Detroit at this time is rated below in...
Investment Banking (Mar 14th, 10)
Citigroup (NYSE:C) CEO Vikram Pandit has been all over the media lately touting the future fortune of the company, and seemingly attempting to keep the focus of the media, analysts and investors off of the extraordinary risk the company still faces.
The strat...
Banking (Mar 14th, 10)
According to British transportation secretary Andrew Adonis in an interview with the BBC, the proposed strike by workers for British Airways (LSE:BAY) is unjustified and could end up destroying the company in the future.
"I believe if they could continue thes...
United Kingdom (Mar 14th, 10)
Telstra Corp. is the largest telecommunications company in Australia, and run by Chief Executive Officer David Thodey. In a recent interview with the Wall Street Journal, Thodey talked about the challenges he faces as the legacy business of the company continu...
Telecommunications (Mar 14th, 10)
As measured by market capitalization, Wal-Mart (NYSE:WMT) was surpassed by Apple (NASDAQ:AAPL) on Friday, as the pre-orders for iPad generated a lot of interest in the stock.
In less than an hour, close to 2 million shares of Apple changed hands, as the price...
Technology (Mar 13th, 10)
Charlotte, North Carolina will be the beneficiaries of a new push by Siemens Energy (NYSE:SI) to expand its operations in gas turbines, as they will plow $170 million into the expansion of a gas manufacturing facility, creating 825 new jobs in the area over th...
Canada (Mar 13th, 10)
Apple Inc. (Nasdaq:AAPL) seemingly has another big hit on its hands, as the pre-orders for iPad have been announced as very strong after Friday, which was the first day consumers could pre-order the device.
After about the first six hours pre-orders were avai...
Technology (Mar 13th, 10)
It was inevitable that it would come, and it may have arrived already: the fatigue of an endless amount of products and services businesses and consumers can no longer keep up with. To that end, IBM (NYSE:IBM) has been acquiring a series of companies over the ...
Technology (Mar 13th, 10)
