Premier Foods in mafia-style extortion shakedown?
After being caught allegedly shaking down its suppliers for investment money, otherwise they would be ‘de-listed’, Premier Foods plc, the maker of Ambrosia, Mr...
US consumers increased borrowing in October, says Fed
US consumers increased their borrowing in October, but at a slightly slower rate than in September as credit card use declined.
According to the Federal...
National Bank posts higher profit and hikes dividend
National Bank of Canada (NA.TO) reported a 14 percent increase in adjusted quarterly profit to $330 million (91 Canadian cents per share), up three...
Dow and S&P 500 closed at record highs on Friday
American markets closed at record highs on Friday, representing the seventh consecutive week of gains.
The Dow Jones Industrial Average and the S&P 500 both...
Canada’s trade surplus narrowed sharply in October to $99m
Canada’s trade surplus with the world narrowed sharply in October to $99 million from $307 million in September. Imports rose by 0.5% to $44.8...
Scotiabank posts 14% lower profit in 4th quarter due to job cut charges
Bank of Nova Scotia, commonly known as Scotiabank, posted a 14% lower fourth quarter profit, caused by workforce reduction costs and branch closures. Net...
German GDP growth forecast halved by Bundesbank
Germany’s central bank, the Bundesbank, reduced its growth forecast for the country’s economy for 2015 from 2% to 1%, despite factory orders jumping by...
Songbird rejects QIA’s and Brookfield’s raised £2.6bn bid
Songbird Estates, which controls Canary Wharf Group, has rejected a sweetened bid of £2.6 billion ($4.1 billion) from Qatar Investment Authority (QIA) and Brookfield...
Qatar Fund and Brookfield Property raise Canary Wharf owner bid to £2.6bn
Qatar Investment Authority (QIA) and Brookfield Property Partners have increased their bid for Songbird Estates, the majority owner of the Canary Wharf Group, to...
Canadian government approves Burger King’s takeover of Tim Hortons
The Canadian government has given the green light for Burger King’s takeover of Tim Hortons, but it established some conditions that will protect workers...