Exports fell and imports surged in Canada, fueling a trade deficit
Canadian exports fell in August while imports surged, resulting in the country’s first trade deficit in four months. August's C$610 million deficit contrasted with...
Salix and Cosmo Pharmaceuticals call off merger deal
Raleigh-based specialist drugmaker Salix Pharmaceuticals Inc. and Italian Cosmo Pharmaceuticals SpA have called off their $2.7 billion merger deal, in what is seen as...
Eurozone September PMI points to weakening economy
The Eurozone’s Composite Purchasing Manager’s Index (PMI) for September shows that the region’s economy continues suffering from declining output and poor new order growth...
Twitter Funds MIT social media project with $10 million investment
Twitter is investing $10 million in MIT Media Lab to create the Laboratory for Social Machines (LSM) which aims to make sense of semantic...
New factory orders fell 10.1 percent in August, United States
New factory orders fell by 10.1% in the United States in August, according to figures published on Thursday by the US Census Bureau, part...
GM recalling 117,000 vehicles because of a manufacturing defect
General Motors is recalling over 117,000 vehicles because of a manufacturing defect that can cause vehicles to stall because of an electrical short.
Vehicles that...
Berkshire Hathaway buying the auto dealeriship Van Tuyl Group
Warren Buffet’s multinational conglomerate, Berkshire Hathaway, is entering the automobile sales business by acquiring the car dealership company Van Tuyl Group.
Van Tuyl Group is...
JPMorgan cyberattack compromised more than 76 million bank accounts
Over 76 million bank accounts have been compromised following one of the biggest cyberattacks in history, with JPMorgan Chase, the largest bank in the...
Google lawsuit threat over leaked celebrity photos
Google has been threatened with lawsuits by Martin Singer, a lawyer who represents several female celebrities whose private pictures were hacked and posted online....
ECB holds rates – to start asset buying
The European Central Bank (ECB) decided to hold its benchmark interest rate at 0.05%, but announced it is to embark on an asset buying...