Business News

Global economy needs 'urgent action': OECD

ABJ - November 28 - Decisive policies must be urgently put in place to stop the euro area sovereign debt crisis from spreading and to put weakening global activity back on track, says the OECD’s latest Economic Outlook. The euro area ...
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October numbers: Jobless rate down in 36 states

ABJ - November 25 - Regional and state unemployment rates were generally little changed or slightly lower in October, according to the U.S. Bureau of Labor Statistics. Thirty-six states and the District of Columbia recorded unemployment rate decreases, five states posted rate increases, and nine ...
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More Black Friday shoppers expected

ABJ - Nov 24 - Though there are already plenty of great deals on everything from e-readers and smartphones to apparel and toys, Americans know there is only one Black Friday-and the best is yet to come. According to a preliminary Black Friday shopping survey, ...
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Deere’s Year: Record earnings reported in 2011 Q4

ABJ - November 23 - Net income attributable to Deere & Company was $669.6 million, or $1.62 per share, for the fourth quarter ended October 31, compared with $457.2 million, or $1.07 per share, for the same period last year. For fiscal ...
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Poll: Canadians stick to holiday budget with cash, not credit

ABJ - November 22 - A new CIBC Poll conducted by Harris/Decima reveals 65 per cent of Canadians are planning to stay on budget by using cash or debit to pay for the majority of their holiday spending this year. The poll also revealed the ...
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Gross job gains decrease in 2011 Q1

ABJ - November 21 - From December 2010 to March of this year the number of gross job gains from opening and expanding private sector establishments was 6.3 million, a decrease of 671,000 jobs compared to the previous quarter, the U.S. Bureau of Labor Statistics ...
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Providence Equity acquires Istituto Marangoni

ABJ - november 18 - Career Education Corporation has announced that it has sold Istituto Marangoni to an investor group led by affiliates of Providence Equity Partners, a Providence, R.I.-based private equity firm holding more than $23 billion of capital commitments. Terms of the deal ...
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Home Depot improves on 2010 Q3

ABJ - November 17 - The Home Depot, the world's largest home improvement retailer, has reported third quarter of fiscal 2011 net earnings of $934 million, or 60 cents a diluted share, compared with net earnings of $834 million, or 51 cents diluted share, in ...
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Limited environmental impact from Keystone Pipeline: report

ABJ - November 16 - TransCanada Corporation announced that the Final Environmental Impact Statement (FEIS) for the Keystone XL crude oil pipeline has reaffirmed the environmental integrity of the project. This is the third Environmental Impact Statement that the U.S. Department ...
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Wal-Mart’s turnaround: improved quarterly results

ABJ - Nov 15 - Wal-Mart Stores, Inc. has reported financial results for the third quarter ending October 31. Net sales for the third quarter of fiscal year 2012 were $109.5 billion, an increase of 8.2 per cent from $101.2 billion in net sales in ...
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