Skechers to pay $40M to settle government charges over claim shoes toned muscles
Jennifer C. Kerr, The Associated Press
16 May, 2012 0
WASHINGTON - The government wants you to know that simply sporting a pair of Skechers' fitness shoes is not going to get you Kim Kardashian's curves or Brooke Burke's toned tush. Skechers USA Inc. will pay $40 million to settle charges by the Federal Trade Commission that the footwear company made u
CAE enters pilot sourcing business with $314 million acquisition
Ross Marowits, The Canadian Press
16 May, 2012 0
MONTREAL - CAE Inc. is expanding it global flight training capabilities and entering the pilot outsourcing business by acquiring Oxford Aviation Academy and a subsidiary for $314 million. The Montreal-based company said Wednesday the addition of seven training centres will increase its global networ
TSX gives up early gains on worries about possible Greek exit from eurozone
Malcolm Morrison, The Canadian Press
16 May, 2012 0
TORONTO - The Toronto stock market gave up solid gains Wednesday afternoon as anxiety over Greece's possible exit from the eurozone trumped early moves to buy up stocks beaten down during a string of losses. The S&P/TSX composite index had ran ahead as much as 131 points during the morning but by mi
Fed says several members could support additional efforts to boost economy if needed
Martin Crutsinger, The Associated Press
16 May, 2012 0
WASHINGTON - Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate. Minutes of the central bank's April 24-25 meeting stated that "several members" thought additional Fed support could be needed if the recovery lost momentum or i
Oil prices down about 12 per cent since the beginning of May as U.S. stockpiles grow
Chris Kahn, The Associated Press
16 May, 2012 3
NEW YORK, N.Y. - The price of oil continues to decline as U.S. stockpiles continue to expand and global economic prospects remain uncertain. Benchmark U.S. crude was down 57 cents at US$93.41 a barrel in early afternoon trading Wednesday on the New York Mercantile Exchange after having dipped to a s
Canadian dollar heads lower, traders avoid risk amid Greece political turmoil
Malcolm Morrison, The Canadian Press
16 May, 2012 0
TORONTO - The Canadian dollar was lower Wednesday as concern over a possible Greek exit from the eurozone continued to weigh on investors' appetite for risk. The loonie fell 0.32 of a cent to 99 cents US as investors continued to avoid risky assets such as equities and commodities in favour of perce
Factory sector bounces back as economy recovers from February swoon
Julian Beltrame, The Canadian Press
16 May, 2012 0
OTTAWA - A new report on manufacturing suggests the Canadian economy rebounded in March, reversing the previous month's surprising contraction and pointing to a resumption of modest growth. Statistics Canada said Wednesday that factory shipments rose by a bigger than expected 1.9 per cent to $49.7 b
Business Report with Mike Eppel
16 May, 2012 14
May 16: Senior business editor Mike Eppel discusses with Breakfast Television slumping markets due to uncertainty in Greece.
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