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  • The AIG logo is seen at its building in New York's financial district
    AIG profit beats estimates, boosts buyback by $5 bln

    The results were primarily driven by investments in one of China's biggest insurers and earnings from the insurer's stake in aircraft lessor AerCap, but lower underwriting at most of its units caused concern. …

    The AIG logo is seen at its building in New York's financial district

    The results were primarily driven by investments in one of China's biggest insurers and earnings from the insurer's stake in aircraft lessor AerCap, but lower underwriting at most of its units caused concern. S&P Capital IQ analyst Cathy Seifert said AIG only beat because of income from a company it had essentially taken …

  • Jill Scott scores Billboard No. 1; Apple Music joins chart providers

    (Reuters) - R&B singer Jill Scott scored her second No. 1 album on the U.S. Billboard 200 with her new entry "Women" topping the chart this week, as streaming data from Apple Music joined the list of providers …

    (Reuters) - R&B singer Jill Scott scored her second No. 1 album on the U.S. Billboard 200 with her new entry "Women" topping the chart this week, as streaming data from Apple Music joined the list of providers who make up the chart. "Women," Scott's fifth studio album, sold some 60,000 units in its first week, according …

  • Canada's PM Harper takes part in a news conference at Rideau Hall after asking GG Johnston to dissolve Parliament, beginning the longest federal election campaign in recent history, in Ottawa
    Harper says optimistic about turnaround in Canadian economy

    Prime Minister Stephen Harper said Monday he was confident the Canadian economy would emerge from its slowdown, provided the government stayed the course. "We remain optimistic about the turnaround …

    Canada's PM Harper takes part in a news conference at Rideau Hall after asking GG Johnston to dissolve Parliament, beginning the longest federal election campaign in recent history, in Ottawa

    Prime Minister Stephen Harper said Monday he was confident the Canadian economy would emerge from its slowdown, provided the government stayed the course. "We remain optimistic about the turnaround that everybody's predicting," Harper said at a news conference on the second day of his reelection campaign, …

  • TSX set to open higher

    Stock futures pointed to a higher opening for Canada's main stock index on Monday, with September futures on the S&P TSX index up 0.75 percent at 7:15 a.m. ET. No major economic events are scheduled …

    A sign board displaying Toronto Stock Exchange stock information is seen in Toronto

    Stock futures pointed to a higher opening for Canada's main stock index on Monday, with September futures on the S&P TSX index up 0.75 percent at 7:15 a.m. ET. No major economic events are scheduled for the day . Canada's main stock index notched its fourth straight day of gains on Friday, led by the financials …

  • Modern Etiquette: Ten rules for success in the workplace

    Over a century ago, legendary magnate John D. Rockefeller said, “I will pay more for the ability to deal with people than any other skill under the sun.” Since then, studies by companies such as Google …

    The clock is ticking for stocks: Acampora

    Over a century ago, legendary magnate John D. Rockefeller said, “I will pay more for the ability to deal with people than any other skill under the sun.” Since then, studies by companies such as Google have echoed his thinking by pointing out that the most effective managers and executives possess strong interpersonal …

  • Greek stocks plunge after five-week closure

    Greece's stock market and banks were closed on June 29, when the government put limits on money withdrawals and transfers to keep a run on the banks from bringing down the financial system. Two surveys …

    Greece's stock market and banks were closed on June 29, when the government put limits on money withdrawals and transfers to keep a run on the banks from bringing down the financial system. Two surveys published Monday illustrate the extent of the damage wreaked on the Greek economy in July by the bank closures, money …

  • Greek blue chip stock index futures open down 15.2 percent

    ATHENS (Reuters) - Greek blue-chip stock index futures opened sharply down on Monday ahead of the stock market's open, with the nearest contract expiring on August 21 down 18 percent at 202 points, …

    A European Union flag flutters outside the Athens stock exchange

    ATHENS (Reuters) - Greek blue-chip stock index futures opened sharply down on Monday ahead of the stock market's open, with the nearest contract expiring on August 21 down 18 percent at 202 points, after falling 15.2 percent on the first trade. The stock market will open for trade at 0730 GMT (3:30 a.m. EDT) on Monday …

  • European regulators ask Halliburton for more merger information: company

    Oilfield services provider Halliburton Co announced in a statement on Sunday it had received a request from the European Commission for additional information about its proposed $35 billion merger with …

    The company logo of Halliburton oilfield services corporate offices is seen in Houston

    Oilfield services provider Halliburton Co announced in a statement on Sunday it had received a request from the European Commission for additional information about its proposed $35 billion merger with rival Baker Hughes Inc . According to the statement, the European Commission on Friday asked for more information about …

  • Beef prices could rise further with cruel Alberta drought

    The price of steaks, roasts and other cuts of beef are expected to increase further because of drought conditions in Alberta, although it may take about a year before consumers feel the full bite on store …

    Beef prices could rise further with cruel Alberta drought

    The price of steaks, roasts and other cuts of beef are expected to increase further because of drought conditions in Alberta, although it may take about a year before consumers feel the full bite on store shelves. Retail beef prices hit record highs early this year and have continued to climb since then as the number of …

  • Verizon's workers say no strike for now, union talks continue

    Verizon Communications Inc and the unions representing its wireline unit employees on the U.S. East Coast said work will go on and talks continue after their current contract expired. Since June, the …

    Verizon workers take part in a rally as they negotiate a union contract in New York

    Verizon Communications Inc and the unions representing its wireline unit employees on the U.S. East Coast said work will go on and talks continue after their current contract expired. Since June, the unions have been in talks with Verizon over the company's plans to cut costs by controlling healthcare and pension-related …

  • GM Financial customer details 'inappropriately accessed' by ex-employee

    GM Financial says information about approximately 2,200 of its customers was "inappropriately accessed" by a former employee who was recently charged in connection with an identity theft scheme, …

    GM Financial says information about approximately 2,200 of its customers was "inappropriately accessed" by a former employee who was recently charged in connection with an identity theft scheme, CBC News has learned. 

  • Greece may seek up to 24 billion euros in first new aid tranche: paper

    Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said …

    Greek flag flutters in the wind above tourists visiting the archaeological site of the Acropolis hill in Athens, Greece

    Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said in its early Sunday editions. Athens is now in talks with the European Commission and the International Monetary Fund …

  • Kraft Dinner's KD name change bets money on nostalgia

    A gooey, orange bowl of macaroni and cheese may be a staple of many Canadian childhoods (and dorm rooms), and the company serving the dish is trying to capitalize on that meal-time nostalgia with its new …

    A gooey, orange bowl of macaroni and cheese may be a staple of many Canadian childhoods (and dorm rooms), and the company serving the dish is trying to capitalize on that meal-time nostalgia with its new name.

  • Pacific Rim free trade talks fall short of deal

    Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over …

    Japanese Economy Minister Akira Amari and US Trade Rep. Michael Fromam participate in a press conference in Lahaina, Maui, Hawaii

    Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations …

  • E&Y Japan arm launches internal probe of Toshiba audit

    The Japanese affiliate of Ernst & Young LLC has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker's $1.2 billion accounting scandal, a person with knowledge …

    A logo of Toshiba Corp is seen next to an advertisement board for its Regza television in Tokyo

    The Japanese affiliate of Ernst & Young LLC has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker's $1.2 billion accounting scandal, a person with knowledge of the matter said. Ernst & Young ShinNihon LLC has established a team of about 20 executives to investigate whether …

  • Goldman tentatively agrees to pay $270 million to settle lawsuit: source

    Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Pension funds led by NECA-IBEW Health & Welfare …

    A Goldman Sachs sign is seen over the company's trading stall on the floor at the New York Stock Exchange

    Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Pension funds led by NECA-IBEW Health & Welfare Fund of Illinois accused the bank of misleading investors about the risks associated with mortgage securities offerings. …

  • Chrysler's recall woes, cord-cutting continues & Windows 10 launch: BUSINESS WEEK WRAP

    Called Windows 10, it's the first major launch since Windows 8 a few years ago, which went over with consumers like a lead balloon. Not even the Transport Minister knows. "I simply was left blindsided on …

    Called Windows 10, it's the first major launch since Windows 8 a few years ago, which went over with consumers like a lead balloon. Not even the Transport Minister knows. "I simply was left blindsided on this issue," Lisa Raitt told us this week, saying she only heard about the fine and recall news when she read reports …

  • Don't fear potash takeover, Saskatchewan premier tells Germany

    The man who was instrumental in blocking a foreign takeover five years ago of Canada's Potash Corp, the world's No. 2 producer of the crop nutrient potash, says Germany need not fear Potash's move to buy …

    Chris McKay, PotashCorp load-out supervisor at the Cory Mine, examines potash inside one of the storage facilities near Saskatoon

    The man who was instrumental in blocking a foreign takeover five years ago of Canada's Potash Corp, the world's No. 2 producer of the crop nutrient potash, says Germany need not fear Potash's move to buy German potash miner K+S AG. In 2010, Brad Wall, premier of the Western Canadian province of Saskatchewan, campaigned …

  • TSX rally pushes on with aid of banks, miners

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index notched its fourth straight day of gains on Friday, with the heavily weighted financials and materials sectors leading the way as investors …

    A man walks past an old Toronto Stock Exchange sign in Toronto

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index notched its fourth straight day of gains on Friday, with the heavily weighted financials and materials sectors leading the way as investors sought value after a bleak couple of months. The index had slipped below 14,000 for the first time since mid-January …

  • Energy East pipeline will cost more than $12 billion, TransCanada says

    Pipeline company TransCanada Corp. (TSX:TRP.TO - News) says it earned $429 million in its latest quarter, up from $416 million a year ago.

    This week in business: Canadian oil companies release earnings

    Pipeline company TransCanada Corp. (TSX:TRP.TO - News) says it earned $429 million in its latest quarter, up from $416 million a year ago.