Business News
Oracle names ousted HP CEO Mark Hurd co-president, board member; co-president Phillips resigns
SAN FRANCISCO - Oracle Corp. has announced former Hewlett-Packard Co. CEO Mark Hurd is joining the database software maker as co-president. Oracle said in a statement Monday that Hurd will also ser...
Detroit's loss is Abu Dhabi's gain: Gulf sovereign wealth fund hires GM top economist Ted Chu
DUBAI, United Arab Emirates - The Mideast's biggest sovereign wealth fund has hired General Motors' top economist to help it decide how it invests the hundreds of billions of dollars it manages. Th...
WTO chief wants G20 leaders to discuss pushing forward global trade deal
SEOUL, South Korea - Group of 20 leaders should use their November summit to make a serious push for the conclusion of stalled global trade negotiations, the head of the WTO said Monday. World Trad...
GM's Opel chooses Eurovision Song Contest winner 'Lena'to boost its brand's image
BERLIN - General Motors' subsidiary Adam Opel GmbH says it has signed-up the winner of the European Song Contest as its new brand image. Opel spokesman Christof Birringer said Sunday singer Lena Me...
Uncertainty surrounds rate announcement; markets try to counter September effect
TORONTO - The Canadian dollar could be in for some volatility this coming week as the Bank of Canada comes out with its latest announcement on interest rates Wednesday. The dollar ended last week a...
Despite some hiring, nation's unemployment rate seems frozen at more than 9 per cent
WASHINGTON - U.S. unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people...
Battle brewing between Canadian gold miners over promising Argentina mine
A takeover battle is brewing between Canadian gold companies Goldcorp Inc. and Eldorado Gold Corp. over the U.S. owner of a promising mine in Argentina. Goldcorp. said Friday it had found a "perfec...
TSX closes up amid encouraging jobs data, major deal making in gold sector
TORONTO - The Toronto stock market closed modestly higher Friday with the TSX failing to get much traction from an American jobs report which blew past expectations. The S&P/TSX composite index clo...
Stocks pare early gains, service sector data takes shine off employment report
TORONTO - The Toronto stock market was modestly higher Friday afternoon as enthusiasm over an American jobs report which blew past expectations was tempered by a weaker than expected reading on the U....
UPS cargo plane with 2 crew on board crashes near Dubai airport; no word on casualties
DUBAI, United Arab Emirates - A UPS cargo plane with two crew members on board crashed shortly after takeoff Friday outside Dubai, officials said. There was no immediate word on casualties. The pla...
