Venezuela to seize gold concessions as oil falls, Chavez says
December 28, 2008
Venezuela will seize several gold mining concessions that previous governments granted private operators, in a bid to supplement falling oil prices with proceeds from state-controlled gold, President Hugo Chavez said Saturday.
Venezuela to seize gold concessions as oil falls, Chavez says
Cuba growth slows on food costs, storms
December 28, 2008
Cuba is ending one of its toughest economic years since the collapse of the Soviet Union, as costly food imports and three devastating hurricanes held annual growth to 4.3 per cent, barely one-half the government forecast, top officials said Saturday.
Cuba growth slows on food costs, storms
No word yet whether GMAC has cleared final hurdle for bailout money
December 28, 2008
The financing arm of General Motors Corp. still wouldn't say Saturday if it had met a midnight deadline to clear a final hurdle in its bid to become a bank holding company and gain access billions in federal bank bailout money.
No word yet whether GMAC has cleared final hurdle for bailout money
Mexico suspends purchases from 30 U.S.meat plants
December 28, 2008
Mexico suspended meat imports from 30 processing plants in 14 U.S. states, including some of the country's largest, on Wednesday and Friday, according to a list posted on the U.S. Department of Agriculture Web site.
Mexico suspends purchases from 30 U.S.meat plants
Outlook cloudy for SKorea-US free trade agreement
December 28, 2008
Call it the free trade follies.
Outlook cloudy for SKorea-US free trade agreement
Wall Streets stocks up after GMAC lifeline, retail sales dip
December 28, 2008
Wall Street put together a moderate advance in light post-Christmas trading Friday after the government threw a lifeline to General Motors' financing arm, but gains were limited by dreary holiday shopping readings that dimmed the chance of a big year-end rally.
Wall Streets stocks up after GMAC lifeline, retail sales dip
King must sell Kadian assets to buy Alpharma
December 28, 2008
King Pharmaceuticals Inc. said Friday it will be allowed to buy Alpharma Inc. provided it sells some assets related to Alpharma's painkiller Kadian.
King must sell Kadian assets to buy Alpharma
Flaherty welcomes agreement on terms of non-bank ABCP restructuring
December 28, 2008
Federal Finance Minister Jim Flaherty is welcoming news of an agreement on the terms of the restructuring plan for non-bank sponsored asset-backed commercial paper.
Flaherty welcomes agreement on terms of non-bank ABCP restructuring
Retail gasoline prices drift to 58-week low; crude futures rise
December 28, 2008
Retail gasoline prices tumbled Friday to the lowest level in nearly four years. And while crude futures rose, analysts believed it was a temporary pause in an extended, downward arc as the recession spreads.
Retail gasoline prices drift to 58-week low; crude futures rise
GM sues bankrupt supplier for access to parts
December 28, 2008
General Motors Corp. is suing a bankrupt automotive supplier for immediate access to specialized parts and equipment, arguing that a delay would hamper the launch of its new Chevrolet Camaro, disrupt assembly operations and cause millions of dollars in damages it can ill afford.
GM sues bankrupt supplier for access to parts
Oil rebounds from sharp fall amid signs of OPEC compliance with cuts
December 28, 2008
Oil prices rebounded to above $36 a barrel Friday as key OPEC members were seen complying with promised output cuts.
Oil rebounds from sharp fall amid signs of OPEC compliance with cuts
Canada’s housing market turned to favour buyers in ‘08; prices to decline in ‘09
December 28, 2008
Canada's housing market made skeptics proud and put eternal optimists to shame in 2008 as the favour turned quickly to buyers, after years of smug sellers having the upper hand.
Canada’s housing market turned to favour buyers in ‘08; prices to decline in ‘09
Thai prime minister proposes $8.7 billion economic stimulus package
December 28, 2008
Thailand's prime minister said Friday the government wants to spend $8.7 billion US next year to jump-start the country's ailing economy.
Thai prime minister proposes $8.7 billion economic stimulus package
Japan shares rise despite plunge in factory output
December 28, 2008
Japanese shares rose Friday despite a slew of dismal economic data, including a record drop in the country's industrial output, as investors hunted for bargains in beaten-down auto and electronics stocks.
Japan shares rise despite plunge in factory output
Asian markets mixed in quiet holiday trade
December 28, 2008
Asian markets were mixed in quiet holiday trade Friday as investors picked up beaten-down shares despite new evidence that companies and consumers alike were struggling as the global economy slumps.
Asian markets mixed in quiet holiday trade
U.S. retailers slash prices to entice holiday shoppers on Boxing Day
December 28, 2008
Shoppers hit the stores early Friday to return unwanted gifts and take advantage of drastic price cuts offered by retailers desperate to get rid of old merchandise and boost their less-than-cheery holiday sales.
U.S. retailers slash prices to entice holiday shoppers on Boxing Day
Outlook for stocks glum in ‘09 as TSX loses about 40 per cent during 2008
December 28, 2008
The Toronto stock market is headed for a dismal 2009 as the tentacles of the global recession tighten.
Outlook for stocks glum in ‘09 as TSX loses about 40 per cent during 2008
Direct-seller Amway angling for a comeback in United States
December 28, 2008
Once a household name and reputedly the key to great fortune for modern salesmen hoping to live out a Horatio Alger myth, the Amway brand faded from the American market years ago, tarnished by legal and regulatory problems.
Direct-seller Amway angling for a comeback in United States
Many auto workers looking to leave increasingly uncertain sector for good
December 28, 2008
After 30 years of working in the manufacturing and auto parts industries, John Knelsen has seen the situation go from bad to worse.
Many auto workers looking to leave increasingly uncertain sector for good
Auto industry turns its back on a miserable 2008, focuses on new opportunities
December 28, 2008
The North American auto industry is hanging on by its fingernails as the smash-up derby that was 2008 crashes to a close.
Auto industry turns its back on a miserable 2008, focuses on new opportunities
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Canadian Tire
