Business News

Rio Tinto Announces Spending Cutbacks

ABJ – Dec. 4 – With much of the international resources market still on shaky ground, mining giant Rio Tinto plans to drastically cut its capital expenditures on such things as aluminum and coal production. Rio Tinto CEO Sam Walsh says ...
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Detroit Remains Under Bankruptcy Protection

ABJ – Dec. 3 – A U.S. bankruptcy judge in Michigan ruled this morning that the city of Detroit can remain under bankruptcy court protection, where it’s shielded from lawsuits or other actions that could jeopardize its ability to get back ...
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BofA Settles Freddie Mac Mortgage Dispute

ABJ – Dec. 2 – South of the border, Bank of America has settled all claims with Freddie Mac arising from residential mortgages sold to the American government-backed housing agency through the end of 2009. BofA has agreed to pay $404 million ...
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Black Friday

ABJ – Nov. 29 – Frantic shoppers are scurrying about today looking for bargains and discounts off normally high-priced merchandise on the day following Thanksgiving in what has become the biggest shopping extravaganza of the year.    With six fewer shopping days ...
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Further Shakeups at BlackBerry

ABJ – Nov. 25 – The changes are coming fast and furious at BlackBerry, which this morning announced a management shakeup that includes the departure of three top executives. Just recently the company ousted Thorsten Heins as CEO and replaced him with John Chen, who ...
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Iran Deal Sends Oil and Gold Lower

ABJ – Nov. 25 – The proposed deal that would see Iran give up its nuclear ambitions is great for world peace and reduces tensions worldwide, but not so great for oil and gold prices, which both fell significantly today. Brent ...
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Kennedy Assassination: 50 Years Later

ABJ – Nov. 22 – The world's fascination with President John F Kennedy's assassination 50 years ago seems to actually grow as time goes on, with many conspiracy theorists maintaining there is far more to the sordid story than we’ve ever been told. Whether that ...
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Samsung to Appeal $290M Payment to Apple

ABJ – Nov. 22 – Samsung has already indicated it will appeal a jury’s decision that has awarded Apple $290 million in a damages retrial after being found guilty in a global patent litigation case. The verdict was announced in a San ...
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Berkshire Hathaway Increases Oil Stake

ABJ – Nov. 18 – Berkshire Hathaway has acquired a new $3.45 billion stake in Exxon Mobil with the purchase of 40.1 million shares in the world's largest publicly traded oil company. Although the investment represents just less than 1 per cent ...
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CME Computers Hacked

ABJ – Nov. 18 – CME Group had its computer systems hacked this past summer and certain customer information for its ClearPort platform was compromised. The operator of the world’s largest futures market and owner of the Chicago Mercantile Exchange said there’s ...
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