Caparo slashing 452 jobs, latest blow to the UK steel industry
Caparo Industries is slashing 452 jobs across the UK in the latest blow to the country’s crippling steel industry.
Administrators PwC said that there will...
Husky Energy cuts 1,400 jobs, posts loss of C$4.1 billion
Husky Energy reported a loss of C$4.1 billion in the third-quarter and said that it has cut about 1,400 jobs in an effort to...
Canadian economy expanded a modest 0.1 percent in August
The Canadian economy expanded a modest 0.1 percent in August, representing the third straight month of growth after a five month period of contraction.
According...
EPA wants to ban a common pesticide called chlorpyrifos
The US Environmental Protection Agency announced on Friday a proposal to ban a common pesticide called chlorpyrifos which is commonly used for fruits, almonds...
US banks need to raise further $120 billion under new Fed rules
Eight of the largest banks in the US will have to raise a further $120 billion under new rules proposed by the Federal Reserve on...
SEC approves more flexible crowdfunding rules
The US Securities and Exchange Commission (SEC) approved new crowdfunding rules which will allow startups to raise funds from investors over the internet.
The SEC...
Dow Jones posts biggest monthly gain in four years
The US Dow Jones Industrial Average climbed up 8.5% in October, the biggest monthly increase in four years as markets rebounded from summer lows.
According...
Chevron plans on cutting up to 7,000 jobs
Chevron Corp cut its 2016 capital budget by 25 percent and plans on slashing up to 7,000 jobs, or 11 percent of its workforce,...
Better Eurozone inflation and unemployment news
After posting a 0.1% price decline year-on-year in September, October’s Eurozone inflation (year-on-year) improved slightly, registering 0.0%. While still well below the European Central...
Volkswagen cheating costing 60 premature deaths in USA
The use of software by automaker giant Volkswagen to evade emission standards in over 482,000 diesel cars sold in the United States will contribute...