Business and Finance News
 Fund-poor schools close in Missouri
St Petersburg News.Net
In the US, the school board in Kansas City has decided to close 26 of the city's 59 public schools to keep the district afloat financially.
German Minister: Emf Aid Would Come With A Price
Seattle Post-Intelligencer
THE ASSOCIATED PRESS BERLIN -- Germany's finance minister says a proposed European Monetary Fund could grant troubled countries emergency aid but only under strict conditions and with a "prohibitiv...
Asian Stocks Mixed As Us Data Eyed; Europe Gains
Miami Herald
HONG KONG -- Asian stocks were mixed Friday as investors held out for additional clues to the strength of economic recovery. European shares rose in early trade.Markets in Asia opened higher but sold...
Ba Union Set To Announce Strike Dates
Guardian
BA aeroplanes at Heathrow. Strike action could take place as soon as next Friday. Photograph: Steve Parsons/PA The Unite trade union is set to announce strike dates by
Aga Profits Reduced By 97%
Guardian
Sales of Aga cookers are up over the past three months. Photograph: Martin Godwin Aga Rangemaster has seen its annual profits almost wiped out after a sharp drop in demand for its traditional cast i...
Bskyb Boosted By News Corp Bid Tale
Guardian
shares have moved sharply higher as speculation went round the market that Rupert Murdoch's News Corporation was considering taking the satellite broadcaster private.It climbed as high as 597.5p befor...
Union To Reveal Next Move In Ba Strike Row
Sky News
Leaders of British Airways cabin crew are poised to reveal their next move in the long-running dispute over cost-cutting which threatens disruption to flights later this month.
Fred Perry Back To Black With Amy Collection
Sky News
The 26-year-old singer has been "very involved" in creating a 17-piece women's wear line, which is mostly pink and black, said the company. The collection includes "dangerously short" pencil skirts a...
Big Funds Stalk Canwest Newspapers
Financial Post
The sale of Canada's largest English-language daily newspaper chain has attracted some of the country's financial heavyweights as potential suitors. Among the shortlist of bidders for Canwest Limited...
Potash Corp. Earnings Dramatically Improve
Financial Post
Potash Corp. dramatically improved its first quarter earnings guidance Thursday. The company said a sharp rebound in potash demand will help it earn between $1.30 and $1.50 a share. The new estimate ...
Murdoch Takes Aim At New York Times
Financial Post
NEW YORK -- Back in 1976 after he bought the New York Post, a confounded Rupert Murdoch asked the chairman of Bloomingdales why the upscale department store didn't advertise in his paper. According t...
Transat Strategy 'didn't Work'
Financial Post
Jean-Marc Eustache, Transat A.T. chief executive, admitted Thursday that his efforts to restore the profitability of the country’s largest tour operator fell flat this winter after just about ...
Goldcorp Q4 Profits Jumps On Rising Gold Prices
Financial Post
TORONTO -- Goldcorp Inc. delivered a solid fourth quarter as it continues to keep costs in check and benefit from near-record gold prices. The Vancouver-based giant reported adjusted Q4 earnings late...
Snc Ponders Bid For Highway 407 Stake
Financial Post
MONTREAL -- SNC-Lavalin Group Inc. is weighing whether to boost its investment in Toronto-area toll highway 407-ETR after Spanish infrastructure giant Ferrovial announced Thursday it would put a 10% s...
Siemens Closing Hamilton Gas Turbine Plant
Financial Post
TORONTO -- Giant industrial outfit Siemens AG announced Thursday it is closing its gas turbine plant in Hamilton, Ontario, cutting 550 jobs as the operation is relocated to Charlotte, N.C. The move i...
Tsx Ekes Out Small Gain In Mixed Trading
Financial Post
The Toronto Stock Exchange stayed close to home throughout most of Thursday's trading session, eking out a small gain by the end of it as several different developments cancelled each other out in ter...
Toyota Incentives Drive March U.s. Sales Up Sharply
Financial Post
DETROIT -- Sales incentives, including zero-percent financing offers, have boosted Toyota Motor Corp's U.S. sales by nearly 50%t in early March, an industry tracking service and dealers said Thursday....
Ferrovial Puts 10% Of Canada’s Etr On Sale
Financial Post
MADRID -- Debt-laden Spanish infrastructure giant Ferrovial said it has put 10% of its 407-ETR motorway in Canada up for sale and will use the proceeds to invest in new toll road projects and pay down...
Bp To Pay Devon Us$7-billion For Oil Fields
Financial Post
LONDON -- London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields. The compa...
Canadian Home Prices Rise 0.4% In January
Financial Post
OTTAWA -- Canadian home prices rose 0.4% between December and January, the same growth rate for the third consecutive month, according to a Statistics Canada report Thursday. The index saw the bigges...
Shares In Transat At Plummet
Financial Post
Shares in Transat AT collapsed Wednesday after the travel tour operator reported a much weaker-than-expected first quarter result Wednesday and issued a gloomy outlook for 2010.
Scotia's Thanachart Takes Away Siam City Bank
Financial Post
A pedestrian walks past the headquarters of Siam City Bank Pcl in downtown Bangkok, Thailand. Thanachart Bank, 49%-owned by Bank of Nova Scotia, has agreed to pay US$1-billion for a 47.6% stake in ...
Imax Rebounds To Profit, Sees Strong First Quarter
Financial Post
OTTAWA -- Giant-screen movie operator Imax Corp said on Thursday a strong slate of films, including the blockbuster "Avatar", helped it bounce back to a fourth-quarter profit and it forecast a "very s...
U.s. Jan Trade Gap Narrows Unexpectedly Due To Oil
Financial Post
WASHINGTON -- The U.S. trade deficit narrowed unexpectedly in January as oil imports fell to their lowest since February 1999, a government report showed on Thursday. The trade gap shrank 6.6% to US$...
Southgobi Says Conversion Will Give Cic 13% Stake
Fox Business
HONG KONG -- SouthGobi Energy Resources Ltd. said Friday that China Investment Corp., the country's sovereign wealth fund, plans to convert $250 million worth of its convertible bonds into common sha...
Report: Exxon Could Scuttle Part Of Devon-bp Deal
Fox Business
LONDON -- Part of the $7 billion deal between BP and Devon Energy could be scuttled by rivals should they want to exercise pre-emption rights over Azerbaijan assets worth an estimated $3 billion, The...
Iea Raises Forecast For 2010 Global Oil Demand
Fox Business
FRANKFURT -- The International Energy Agency revised up by 70,000 barrels a day its forecast for global oil demand for both 2009 and 2010, citing higher-than-expected non-OECD data, which largely off...
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