New home sales in September reach six-year high, US
New home sales in the United States in September hit a six-year high. According to the US Census Bureau, a total of 467,000 new...
Enbridge insists its Line 9 pipeline meets all safety standards
Enbridge insists that its Line 9 pipeline through southern Ontario is well designed and has the proper shut-off valve configuration, minimizing the risk to reservoirs...
Procter & Gamble to spin off Duracell battery business
Procter & Gamble is to spin off its Duracell battery business in order to bolster its share price and cut the number of outstanding...
Ford income falls due to costs of its new F-150 pickup truck
Ford’s net income slipped by 34 percent, down to $835 million in the third quarter, with the costs of launching its new pickup truck,...
Shire posts upbeat guidance despite being jilted by AbbVie
Dublin based pharmaceutical multinational Shire plc raised its 2014 guidance on Friday, despite being jilted by AbbVie on a $55 billion acquisition deal earlier...
Canadian Saks will use Pusateri’s to operate food halls
Saks Fifth Avenue, soon opening in Canada, will be partnering with the upscale food merchant Pusateri's as the operator of Saks food halls in...
Bristol-Myers third-quarter net income up 4.2 percent to 721m dollars
New York City-based Bristol-Myers Squibb posted a third-quarter net income of $721 million (43 cents per share), which was 4.2% up on the $692...
Canada closer to becoming yuan hub
Canada is moving closer to becoming a yuan hub, which will facilitate trade between the loonie (Canadian dollar) and China’s currency, according to the...
UK faces 1.7 billion pound penalty for economic success by EU
The UK’s economic success comes at a price, as far as the European Union is concerned. Britain has been told by the EU that...
UK GDP growth slows to 0.7% in third quarter
UK GDP growth in the third quarter slowed to 0.7%, which translates into an annual increase of 3%, according to data published on Friday...