Articles Written by:    CP NEWS     

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Projections cast doubt on government pledges to keep deficits short-term

OTTAWA - Economic projections show the federal government is headed into a lengthy period of deficit budgeting and that's before Ottawa starts spending on stimulating the economy. TD Bank chief economist Don Drummond says the sharp downturn in the ...

From CP NEWS, Canadian Business Online,  19 Jan 2009
Related Topics: Don Drummond,  Jim Flaherty

Canadian dollar is trading at 79.65 cents US, down 0.48 cent at 11 a.m. ET

TORONTO - The Canadian dollar traded at 79.65 cents US, down 0.48 of a cent on Monday. The U.S. dollar was trading at C$1.2555, up 0.75 of a cent. Pound sterling was at C$1.8235, down 1.73 cents and US$1.4524, down 0.53 of a cent. The euro was at C$1.65 ...

From CP NEWS, Canadian Business Online,  19 Jan 2009

Merrill Lynch workers stand, applaud, say goodbye

NEW YORK - New York City investment bank Merrill Lynch has seen its last day. As of Thursday the company will be part of the Charlotte, N.C.-based Bank of America Corp. At the closing bell on New Year's Eve on the fifth floor of the World Financial ...

From CP NEWS, Canadian Business Online,  1 Jan 2009
Related Topics: Merrill Lynch,  Bank of America

Capstone Turbine files shelf registration with SEC to issue up to $150 million in shares

CHATSWORTH, Calif. (AP) - Capstone Turbine Corp. said Wednesday it filed a shelf registration statement with the U.S. Securities and Exchange Commission to sell up to $150 million of its securities from time to time. The mixed shelf includes common ...

From CP NEWS, Canadian Business Online,  24 Dec 2008

Treasurys little changed in shortened trading day; gov't reveals more gloomy economic readings

NEW YORK (AP) - Treasury prices finished Wednesday's shortened Christmas Eve session narrowly mixed after the government released more gloomy readings on the economy. The Labor Department reported that initial claims for jobless benefits rose last week ...

From CP NEWS, Canadian Business Online,  24 Dec 2008
Related Topics: Federal Reserve

Federal regulators approve hotly debated sale of railway line around Chicago

CHICAGO (AP) - Federal regulators have conditionally approved the hotly debated sale of a nearly 200-mile railway line that swings around Chicago and through dozens of suburban communities. In its Wednesday decision, the U.S. Surface Transportation ...

From CP NEWS, Canadian Business Online,  24 Dec 2008
Related Topics: Canadian National

Manager of failed money market fund says SEC to charge company with securities laws violations

NEW YORK (AP) - Reserve Management Co., which is facing a slew of investor lawsuits after its money market fund fell below a key safety benchmark, said late Tuesday the Securities and Exchange Commission plans to charge the company and its management ...

From CP NEWS, Canadian Business Online,  24 Dec 2008
Related Topics: Securities and Exchange Commission

Energy company Presco agrees to pay $138,000 in fines to Colorado for alleged violations

GRAND JUNCTION, Colo. (AP) - An energy company that wanted to drill close to the site of an underground nuclear explosion has agreed to pay $138,000 in fines for alleged violations at its former operations in Western Colorado. The state cited ...

From CP NEWS, Canadian Business Online,  24 Dec 2008
Related Topics: Noble Energy Inc.

Agriculture futures trade mixed on Chicago BOT; Livestock prices also mixed on Merc Exchange

CHICAGO (AP) - Agriculture futures were mixed in midday trading Wednesday on the Chicago Board of Trade. Wheat for March delivery edged up 1.75 cents to $5.77 a bushel, while March corn slipped 0.75 cent to $3.94 a bushel. March oats were unchanged at $ ...

From CP NEWS, Canadian Business Online,  24 Dec 2008
Related Topics: Chicago Mercantile Exchange

Pittsburgh plans to set aside $45.3 million budget surplus to pay off years of growing debt

PITTSBURGH (AP) - Pittsburgh will use a $45.3 million budget surplus to chip away at nearly $800 million in debt. The state's Intergovernmental Cooperation Authority says it approves of the city's plan to put the surplus money into a restricted account ...

From CP NEWS, Canadian Business Online,  24 Dec 2008
Related Topics: Luke Ravenstahl

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