Thu, 24 May, 2012, 7:10 AM EDT - Canadian Markets open in 2 hrs 20 mins

Financial News from Reuters

  • The euro hit a near two-year low against the dollar on Thursday after dire German economic data suggested no country in the region was immune from crisis, alarming investors already fretting over the risk ...

  • Royal Bank of Canada reported a 7 percent decline in quarterly earnings as an acquisition-related loss obscured strength in its domestic banking and capital markets-related businesses. RBC, Canada's largest ...

  • The euro hit a 22-month low and safe-haven German bonds achieved record low yields, after data showed Europe's economic woes worsening as business confidence is undercut by talk of a Greek exit and slow ...

  • Brent crude oil steadied above $105 per barrel on Thursday as reports of a hiccup in talks with Iran over its nuclear program balanced weak economic data from China and Europe. Iran accused world powers ...

  • QLT postpones agm as proxy battle looms Reuters - 2 hours 21 minutes ago

    Canadian pharmaceutical firm QLT Inc postponed its annual general meeting after receiving a raft of late director nominations from a group of institutional investors it believes is looking to gain control ...

  • China factory data signals weak first-half growth Reuters - 2 hours 33 minutes ago

    China's factories faltered in May as export orders fell to two month lows, a private sector survey showed on Thursday, suggesting surprise weakness in April's hard economic data persists even as policymakers ...

  • Hewlett Packard Co plans to lay off roughly 27,000 employees or about 8 percent of its workforce over the next couple of years to jumpstart growth and save up to $3.5 billion annually, sending its shares ...

  • The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and ...

  • Canada's main stock index advanced for the second straight day on Wednesday, rallying with gold and base-metal mining shares to dig itself out of an early hole as mounting fears about the euro zone economy ...

  • U.S. media executive Harry Sloan has approached private equity firm CVC Capital Partners to buy a controlling stake in its asset, Australia's debt-ridden Nine Entertainment, a source with direct knowledge ...

  • Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a fight between the two Silicon Valley ...

  • The head of global sales at Research In Motion Ltd has resigned to take on a leadership role in another industry, the BlackBerry maker said on Wednesday, a major blow ahead of make-or-break product launches ...

  • Hewlett Packard Co outlined a plan on Wednesday to lay off roughly 27,000 employees or about 8 percent of its workforce, generating annual savings of $3 billion to $3.5 billion as it exits fiscal 2014.

  • A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping ...

  • Kinder Morgan Energy Partners has reduced the size of a planned expansion of its pipeline to the Pacific Coast after fewer shippers than expected signed 20-year contracts that would allow surging Canadian ...

  • BP Plc on Wednesday said it will spend $400 million to install pollution controls at its giant Whiting, Indiana refinery, to allow it to process heavy crude oil from Canada, in a deal with U.S. and state ...

  • Canada's main stock index advanced for the second straight day on Wednesday, rallying with gold and base-metal mining shares to dig itself out of an early hole as mounting fears about the euro zone economy ...

  • Canadian retail sales bounced back in March after a weak February, but sales looked soft excluding the auto sector, and the figures sent mixed signals about first-quarter growth. The 0.4 percent increase ...

  • Locomotive engineers and conductors at Canadian Pacific Railway walked off the job on Wednesday after contract talks broke down, shutting down freight operations on Canada's second-biggest railroad. As ...

  • Top Spanish officials are at odds over how to help the country's highly indebted regions refinance 36 billion euros of debt this year, government sources told Reuters on Wednesday. The figure, revealed ...

  • Spain announced a 9-billion-euro bailout for troubled lender Bankia on Wednesday, while also seeking ways to help its highly indebted regions meet huge refinancing needs that threaten to drag the country ...

  • Talks between Canadian Pacific Railway Ltd and the Teamsters union, which represents striking locomotive engineers and conductors, ran into difficulties on Wednesday afternoon, in part over the issue of ...

  • Bank of Montreal's 2011 acquisition of U.S. lender Marshall & Ilsley helped drive its profit up by a higher-than-expected 27 percent in the second quarter, giving the bank's shares a slight boost despite ...

  • The Spanish government will inject at least 9 billion euros into nationalized lender Bankia to recapitalize it, Spain's Economy Minister Luis de Guindos said on Wednesday. The bank's directors will present ...

  • A strike at Canadian Pacific Railway Ltd , the country's No. 2 railroad, will delay at least 162,000 metric tons of grain sold to Canadian Wheat Board buyers, a senior CWB official said on Wednesday. The ...

  • Canadian retail sales bounced back in March after a weak February, but sales looked soft excluding the auto sector, and the figures sent mixed signals about first-quarter growth. The 0.4 percent increase ...

  • Oil fell on Wednesday as signs of a looming deal between Iran and the U.N. nuclear watchdog eased fears of a supply disruption, while the euro zone debt crisis and a slowing Chinese economy raised worries ...

  • Zale Corp reported a narrower third-quarter loss on Wednesday after another jump in sales in its fine brands segment, and the jeweler said momentum held up through the important Mother's Day period. Sales ...

  • Canada's CAE Inc , an aviation trainer and flight simulator maker, posted a higher quarterly profit, but said it would cut about 4 percent of its workforce as it expects reduced defense spending in Europe. ...

  • New single-family home sales rose solidly in April and prices pushed higher, offering further evidence the housing market was turning the corner. The Commerce Department said on Wednesday sales increased ...

  • Dell shares lower on weak forecast Reuters - 20 hours ago

    Shares of Dell Inc fell 15 percent on Wednesday after a weak revenue forecast and disappointing quarterly results triggered stock price target cuts by a slew of brokerages on the world's No. 3 personal ...

  • The euro plunged to a 21-month low against the dollar on Wednesday as investors dumped the currency on growing fears of a Greek euro zone exit and widespread doubts about the outcome of an EU summit later ...

  • Wells Fargo has tapped its own private equity veteran, Joseph Colianni, to lead the banking division for the company's new Abbot Downing family-wealth business catering to the richest families in the United ...

  • China signaled on Wednesday it wanted to boost private investment in its energy sector as Beijing makes its most determined push since joining the World Trade Organisation to reduce the role of the state ...

  • Canada's dollar extended losses against its U.S. counterpart on Wednesday, dragged down by broader concerns about Europe's financial stability, even as domestic data showed retail sales bounced back in ...

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