IBT Staff Reporter

48811-48840 (out of 154943)

Canada Eyes Stimulus as Europe Crisis Spreads

The Canadian government is open to the idea of including additional economic stimulus in its next budget if the European debt crisis threatens to derail the country's relatively successful recovery.

Groupon Shares Down Once Again Friday

Shares of the Chicago-based daily deals site fell once again Friday, closing down 0.88 percent to $16.81. Shares fell as low as $16.20 earlier in the day before the price went up near market close.

Euro Crisis Puts Company Funding in Tight Spot

LONDON, Nov 25 - European companies are in for a tough time next year. The euro zone debt crisis is sparking caution on all fronts, as consumers keep their cash in their pockets, corporate treasurers take a knife to investment plans and investors desperately seek a haven for their wealth.

Awful Italy debt sale heightens euro zone stress

Italy paid a record 6.5 percent to borrow money over six months on Friday and its longer-term funding costs soared far above levels seen as sustainable for public finances, raising the pressure on Rome's new emergency government.

Canadian troops, doughnuts leaving Kandahar

Coffee and doughnut chain Tim Hortons is closing its Kandahar outlet after five years in the war zone, shuttering its store on a Canadian military base as the country's troops leave Afghanistan.

Loonie slips past 7-week low as Italy yields surge

The Canadian dollar touched its lowest level in more than 7 weeks against the U.S. dollar on Friday as record borrowing costs for Italy stoked fears that the euro zone's spiraling debt crisis would lead to a break-up of the currency bloc

Ontario Teachers' to hold on to Maple Leaf Sports

The Ontario Teachers' Pension Plan has shelved plans to sell its 80 percent stake in Maple Leaf Sports and Entertainment Ltd, which owns Toronto's National Hockey League and National Basketball Association teams.

Crowds hit stores for Black Friday deals

Retailers may not reap hefty gains from the longer lines of shoppers snaked around malls across the U.S. at the traditional post-Thanksgiving start of the holiday shopping season; broader bargain hunting driven by budgetary fears may depress overall holiday spending.

EU's Barroso says still no solution to debt crisis

Europe has still not found a solution to its sovereign debt crisis that would restore investor confidence, European Commission President Jose Manuel Barroso said on Friday, advocating greater integration as the way to move forward.

Wall Street rebounds after six losing sessions

Stocks rose on Friday, on course to snap a six-session losing streak, as a buoyant start to the holiday shopping season helped offset fears about the euro zone's debt crisis after another leap in Italian bond yields.

Mitt Romney 2012: What Are His Positions?

Mitt Romney, the former governor of Massachusetts and a front-runner for the Republican presidential nomination, has been accused of flip-flopping on a number of issues. So what are his political positions?

HTC Tumbles Again; Growth Potential in Doubt

Unnerved by a second profit warning in a month, investors sent HTC Corp shares tumbling for a second straight day on Friday on concern the world's No.4 smartphone maker may be running out of ideas in an increasingly competitive market.

Euro zone debt worries set to punish stocks, again

Stock index futures pointed to a seventh straight session of losses on Friday, their longest losing streak in four months, as fears about the euro zone's debt crisis overshadowed what appeared to be a buoyant start to the holiday shopping season.

Ex-Olympus CEO says willing but not begging to return

The British ex-CEO of Japan's Olympus Corp emerged from a frosty meeting of directors on Friday convinced its board would eventually quit over an accounting scandal engulfing the firm, but he said he wasn't begging to return and clean up the mess.

AT&T braces for T-Mobile deal collapse

AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, a tacit recognition of the dwindling chances that the deal will get through U.S. regulators who say it would destroy jobs and curb competition.

Fair value accounting rule tweak raises concerns

A global accounting rule that was rehashed under pressure from policymakers in the financial crisis has to be revised, sparking industry fears it could make standard setters vulnerable again to political influence.

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