Oil prices rebound in Asian trading
Oil prices sunk in early Monday morning trading in Asia (by as much as 2.5 percent) to record 5-1/2 year lows before rebounding. US benchmark...
PetSmart being acquired for $8.7 billion
PetSmart is going to be acquired for $8.7 billion by a group of investors led by BC Partners. PetSmart agreed to be acquired for...
No oil production cut, regardless of price, OPEC emphasizes
OPEC’s Secretary General, Abdallah Salem el-Badri, reiterated firmly that OPEC has no intention of reducing production to reverse plummeting oil prices. The United Arab...
Fire was mastered about 350,000 years ago, Tabun study suggests
Humans started using fire regularly about 350,000 years ago, suggests a team of researchers from the University of Haifa, Israel, who examined artifacts at...
Minneapolis Federal Reserve President stepping down in 2016
Narayana Kocherlakota announced that he would be stepping down as president the Federal Reserve Bank of Minneapolis when his term ends in February 2016.
He...
US Consumer Sentiment hit an almost 8-year high in December
US consumer sentiment continues improving, reaching an almost 8-year high in December, according to the Thomson Reuters/University of Michigan's preliminary reading released on Friday,...
Dow Jones has worst week since 2011
The Dow Jones Industrial Average declined by 3.8% in one week, its steepest one-week fall since November 2011, despite the US economy doing well...
35 CN train cars derail in Saskatchewan
Canadian National Railway said that 35 cars, including one car transporting dangerous goods, slid off the tracks near Raymore, Saskatchewan.
The incident occurred at 9:45...
Tax helplines cut off one third of callers, UK Government vows to improve
After a Which? undercover test showed that almost one third of HM Revenue and Customs (HMRC) Helpline calls were cut off because there were...
LCBO and Beer Store ‘sweetheart deal’ lawsuit calls for $1.4 billion in damages
A secret deal signed in 2000 between the LCBO and the Beer Store, limiting competition between Ontario’s provincial and private alcohol monopolies, has resulted...