BP profit halves, beats forecasts on cost cuts

BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward’s restructuring plans were delivering results, with cost […]

Fast traders push alternative risk oversight plan

A handful of companies, including high-frequency traders, have asked the U.S. stock clearinghouse to act as a market-wide monitor, to guard against the risk […]

Battle-tested IMF emerges with bigger global role

The International Monetary Fund is evolving into a “central clearing house” that will help manage the global economy, the head of the IMF’s policy-steering […]

Fidelity Magellan dials up on growth, bounces back

In the 1980s, when stocks mostly surged, a few mutual fund managers became the equivalent of rock stars.
Tops among them: Peter Lynch, who […]

TSX rises as jobs data spur optimism

The Toronto stock market closed higher yesterday as investors reacted to better-than-expected August employment reports in Canada and the United States.
The S&P/TSX composite index […]

Hyundai to offer up to $1000 to scrap old cars

Hyundai Auto Canada is offering $500 to $1,000 to motorists to scrap their older vehicles and buy the company's new models.
In announcing its “clean air […]

New CEO rebuilds The Brick

 
The gravel tone in Bill Gregson’s voice reflects the long hours he’s logged this week talking to suppliers, investors and lenders as he moves […]

New-house sales are on the rebound

Home is where the heart is, but it hasn’t been much of a profit center lately.
Recession and declining property values have hit […]

Southwest courts business travelers

LaGuardia Airport is the smallest of the three major airports in the New York area, with just two main runways. Planes often sit in […]

Recall details

Consumers are being advised to take any Nestle Toll House refrigerated cookie dough products back to retailers, where they will receive a full refund. […]