Business News
Stock markets stay in the red after gloomy Bernanke speech
TORONTO - The Toronto stock market endured another day in the red Tuesday as investors worried that a move by the U.S. Federal Reserve to buy commercial paper won't be enough to unfreeze credit market...
TSX drops below 10,000 even as Bernanke hints at interest rate cut
TORONTO - The Toronto stock market slipped below 10,000 points for the second time in as many days even as U.S. Federal Reserve chairman Ben Bernanke hinted that an interest rate cut is coming. Tor...
Pfizer continues realigning with three new units
TRENTON, N.J. - Pfizer Inc., continuing its drive to create more focused business units, told employees worldwide Tuesday it is replacing its current geographic divisions with new ones centred on prim...
U.S. Federal Reserve to buy massive amounts of short-term debt
WASHINGTON - The U.S. Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy. ...
German auto industry downshifts: GM, Ford, BMW, Daimler curb production
FRANKFURT, Germany - Germany's automaking titans announced production cuts Tuesday, as the global financial crisis rattled unabated across one of Europe's key industries. General Motors Corp. (NYSE...
Price of oil rebounds after falling to eight-month low
NEW YORK - Oil prices rebounded slightly Tuesday, briefly rising back above US$90 a barrel after some stability returned to the shaky financial system and prodded investors to put money back into the ...
Diagnos brings out system for identification of diabetic eye problems
BROSSARD, Que. - Artificial intelligence developer Diagnos Inc. (TSXV:ADK) has launched a computer-aided system for the identification of diabetic retinopathy and other eye-related ailments. The Qu...
Federal Reserve chairman Bernanke: More economic pain ahead
WASHINGTON - U.S. Federal Reserve chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened America's current economic performance but also could prolong the pain. The Fe...
GLV's Water Treatment Group wins $26 million in contracts in U.S.
MONTREAL - GLV Inc. (TSX:GLV.B), a company that provides industrial and environmental cleanup equipment, says its Eimco water treatment group has won $26 million in new contracts. The contracts awa...
DBRS rates BCE Acquisition secured debt BBB (low), just above junk
TORONTO - DBRS has placed a bare investment-grade credit rating on secured debt of BCE Acquisition Inc., which is to borrow $32 billion to take over Canada's largest phone company in the biggest corpo...
Lottery results for Tue, Oct 07
