News

Richard Curtin

US consumer sentiment hits 7-year high driven by cheap gas and low unemployment

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Consumer sentiment in the United States in November has jumped to a 7-year high as citizens express greater optimism due mainly to cheaper gasoline...
Héroux-Devtek Inc.

Héroux-Devtek posted strong sales and profit, but missed share estimate

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Canadian aerospace and industrial products company Héroux-Devtek Inc. posted strong sales and profit in the second quarter, but it missed its share estimate. Sales jumped...
virgin america

Virgin America IPO raises $300 million, stock soars

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Virgin America, which start trading Friday on Nasdaq, gained more than 25% from its IPO price of $23, raising over $300 million. The US...
Canada

Canada factory sales jumped 2.1% in September driven by aerospace business

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Canadian factory sales increased by 2.1% in September to $46.57 billion, which was higher than the 1% average economists at the Royal Bank of...
ScottishPower

Scottish Power facing sales ban for poor customer service and Ofgem probe

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Scottish Power Ltd. has been threatened with a sales ban unless it can fix some serious problems regarding customer service, the UK government regulator...
Oil Prices

Oil price decline set to continue, warns the International Energy Agency

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The oil price decline that started in June this year is set to continue, warns the Paris-based International Energy Agency (IEA), in its latest...
Germany third quarter gdp

Germany grows by 0.1 percent in third quarter, avoids recession

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Germany posted 0.1% GDP growth in the third quarter, meaning it just avoided falling into recession after contracting by a revised -0.1% in the...
American Stocks

Dow industrials closed at record high, up 40.59 points

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The Dow industrials closed at a record high on Thursday, up 40.59 points, or 0.23 percent, to 17,652.79, driven by major gains in Wal-Mart,...
Bitcoins

Bank of Canada considers issuing e-money

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The Bank of Canada says it’s looking at the possible benefits of issuing electronic money. Senior Deputy Governor Carolyn Wilkins highlighted the risks associated with...
Oil

Oil prices drop to four year low, Brent below $80 per barrel

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Oil prices have dropped by around 4 percent to four-year lows on Thursday, with benchmark Brent took down to below $80 per barrel. Benchmark U.S....