Business RSS
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TD Bank reports $1.7 billion in net income, share buyback planned
TORONTO – TD Bank Group (TSX:TD) says it had $1.723 billion in net income in its second quarter, up nearly two per cent from a year earlier. The bank also announced its adjusted earnings were $1.8 billion, or $1.90 per common share. While the adjusted earnings were also up from a year ago, they were
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Japanese stocks plunge 7.3 per cent on bond yields, worse-than-expected China manufacturing
BANGKOK – Japan’s benchmark stock index has plummeted after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors. The Nikkei 225 in Tokyo nosedived 7.3 per cent to close Thursday at 14,483.98 after a session of volatile trading. Markets elsewhere in Asia sank after a survey showed China’s manufacturing contracted in
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UN forecasts slow global growth in 2013; austerity hurts Europe, US spending cuts a risk
Global economic growth is projected to gain slow momentum for the rest of the year, a United Nations economic forecast said Thursday. The U.N.’s Development Policy and Analysis Division released a mid-year update forecasting world gross product growth at 2.3 per cent in 2013, “a subdued pace” characterized by sub-par expansion and weak employment prospects.
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Jennifer Lopez to open cellphone stores aimed at Latinos, selling Verizon service
NEW YORK, N.Y. – “Jenny from the Block” wants the block to buy Verizon phones from her. Singer and actress Jennifer Lopez on Wednesday announced she’s opening a chain of 15 cellphone stores and a website under the Viva Movil brand. The aim is to sell Verizon phones and services to Latinos. The first store
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Stocks fall after Fed minutes show policymakers had weighed a pullback on its stimulus program
NEW YORK, N.Y. – Stocks are closing lower on news that several Federal Reserve policymakers favoured cutting back on stimulus programs as early as June if the economy continues to improve. The release of minutes of the Fed’s April 30-May 1 meeting reversed a surge earlier in the day. The Dow Jones industrial average fell
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Oil falls near $94 on small decline in supplies, signs of weak demand for gas
NEW YORK, N.Y. – The price of oil fell near US$94 a barrel Wednesday as U.S. crude oil supplies fell less than expected and demand for gasoline remained weak. Benchmark crude for July delivery declined $1.90 to close at $94.28 a barrel on the New York Mercantile Exchange. The U.S. Energy Department said U.S. oil
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Fed minutes showed some officials willing to consider trimming bond purchases as early as June
WASHINGTON – Several Federal Reserve policymakers this month favoured slowing the Fed’s efforts to maintain record-low long-term interest rates as early as June — if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains. Minutes of the Fed’s April 30-May 1 meeting released Wednesday
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Stocks rise after Bernanke signals no quick end to stimulus and home sales rise
NEW YORK, N.Y. – Stocks are moving higher after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its massive economic stimulus programs. Investors were also encouraged by news that sales of previously occupied U.S. homes rose last month to the highest level in three and
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Rail line reopens in southeastern Saskatchewan after derailment that spilled oil
JANSEN, Sask. – A rail line has reopened in southeastern Saskatchewan after a derailment that resulted in a spill of more than 91,000 litres of oil. Canadian Pacific Rail (TSX:CP) says the tracks near the village of Jansen have been repaired and inspections have been done. The company says cleanup is progressing and no issues
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Council wants another opinion on food trucks at Market Square boardwalk
SAINT JOHN, N.B.- At least one member of Common Council feels the owners of Market Square are being unreasonable when it comes to the potential for food vendors on the boardwalk.
