Business RSS
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TMX Group sees sharp drop in listings, trade volumes due to market uncertainty
TORONTO – A drop in new listings, financings and trade volumes hurt the operator of Canada’s largest stock exchange in the first quarter. And Thomas Kloet, chief executive officer of TMX Group Limited (TSX:X), says market uncertainty is expected to continue in the near term. “We are continuing to carefully manage our costs,” Kloet said
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Sophisticated network of global thieves drains cash machines in 27 countries of $45M
NEW YORK, N.Y. – The sophistication of a global network of thieves who drained cash machines around the globe of an astonishing $45 million in mere hours sent ripples through the security world, not merely for the size of the operation and ease with which it was carried out, but also for the threat that
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Dollar rises above 100 yen for 1st time in 4 years on US economy hopes, Japan monetary easing
TOKYO – The dollar soared above 100 yen for the first time in more than four years Friday, driven by aggressive credit-easing aimed at reviving Japan’s sluggish economy and improved U.S. economic figures. The U.S. dollar rose as high as 101.30 yen, the first time since April 2009 that the greenback has traded above 100
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Speedy gang stole $45M worldwide through ATMs after hacking into prepaid debit cards, feds say
NEW YORK, N.Y. – A worldwide gang of criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said Thursday — and outmoded U.S. card technology may be partly to blame. Seven people are under
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Michael Jackson makeup artist testifies AEG executive pushed singer to attend rehearsals
LOS ANGELES, Calif. – Michael Jackson’s longtime makeup artist testified Thursday that she overhead an executive for concert promoter AEG Live insist that the singer rehearse despite signs of Jackson’s declining health. Karen Faye, who worked with Jackson for more than 27 years, told jurors she became increasingly concerned about Jackson’s health and agreed with
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Social media credited for drawing eyes to Disney’s ‘Day of the Dead’ trademark try, reversal
ALBUQUERQUE, N.M. – When Lalo Alcaraz learned this week that Disney was seeking to trademark “Dia de los Muertos,” the name of the traditional “Day of the Dead” celebrated by millions in Mexico and the U.S., the cartoonist had an idea. The trademark was for an animated movie by Disney and Pixar Animation Studios Inc.
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US wholesale stockpiles up 0.4 per cent in March, but sales fall by largest amount in 4 years
WASHINGTON – Wholesale businesses stepped up their restocking of supplies in March, but their sales fell sharply. The Commerce Department said Thursday that stockpiles held by wholesalers rose 0.4 per cent in March compared with February, when they had fallen 0.3 per cent. Sales in March dropped 1.6 per cent, the biggest setback since March
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We’re spending more on cell phone services: survey
An annual survey by JD Power & Associates finds spending has gone up $9 to an average of $77 a month. But just under half have a data package, which boosts their average phone bill to $86 a month.
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Agrium first-quarter earnings down as spring arrives late in North America
CALGARY – Agrium Inc. says spring’s late arrival to North America could be a major challenge, as farmers who buy fertilizers, seeds and other agricultural products from the company have less time to get their crops in the ground. “The weather has clearly not been conducive to farmers preparing and feeding their fields across North
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Weekly US unemployment aid applications fall to 323,000, lowest in more than 5 years
WASHINGTON – The number of Americans who applied for unemployment benefits fell by 4,000 last week to a seasonally adjusted 323,000, a five-year low. Layoffs have returned to pre-recession levels, a trend that could lead to more hiring. The Labor Department said Thursday that the less volatile four-week average dropped 6,250 to 336,750. That the
