Flaherty expects growth later this year, despite this quarter

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Obama to tap Krueger for economic post

A White House official says President Barack Obama will name labor economist Alan Krueger to a top administration post.
Obama will nominate Krueger to head the […]

St. Louis pizza scion branches into biodiesel

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World stocks slip as Bernanke offers no new aid

European and U.S. stocks fell on Friday after Federal Reserve Chairman Ben Bernanke indicated the central bank would take no new steps to boost the […]

Payless Shoes owner considering sale of company

Collective Brands Inc. says it will close 475 stores and look to sell the company after posting a big second-quarter loss.
The Topeka, Kansas-based parent of […]

China starts bullet train safety inspections

China has begun inspections of all its showcase bullet train lines following a crash last month that killed 40 people, as authorities try to work […]

Germany’s Merkel renews rejection of eurobonds

German Chancellor Angela Merkel is insisting that introducing eurozone-wide government bonds wouldn’t solve the current debt crisis.
Merkel also said in an interview with ZDF television […]

Business owners shocked by electricity bills

Two months have passed since Toronto Hydro overhauled its billing system, but sticker shock continues to jolt many of its customers.
Earlier this week Lois Macaulay […]

Biden, Chinese VP call for improved relations

Stressing the importance of personal ties, Vice President Joseph Biden sat down Thursday with his Chinese counterpart and the country’s leader-in-waiting for talks that will […]

Gert weakens, Fernanda strengthens far from land

Former Tropical Storm Gert continues to weaken as it heads northeast into the open waters of the Atlantic after skirting past Bermuda.
The storm had maximum […]