TORONTO—The Canadian dollar reached its highest level against its U.S. counterpart in nearly three months on Thursday after new U.S. jobless data and Wednesday’s move by the Federal Reserve to keep rates low signaled the U.S. economic recovery may be faltering.
The loonie rose 0.21 of a cent to 99.86 cents US after going as high [...]
WASHINGTON — Ward Connerly, the black businessman who has been the face of the movement to end affirmative action for nearly two decades, is facing accusations from a prominent former ally that he has mismanaged — and exploited for his own benefit — donations to that cause made by fellow conservatives.
Mr. Connerly has faced accusations [...]
The mounting pile of evidence against for-profit institutions, a new report from the National Bureau of Economic Research finds a grim future for students who attend for-profit schools.
The study, written by a trio of Harvard researchers,Are these institutions “nimble critters” smartly capitalizing on the increased demand for college degrees by providing educational opportunities to students [...]
ALAMINOS CANYON BLOCK 857, GULF OF MEXICO (AP) — Two hundred miles off the coast of Texas, ribbons of pipe are reaching for oil and natural gas deeper below the ocean’s surface than ever before.
These pipes, which run nearly two miles deep, are connected to a floating platform that is so remote Shell named it [...]
The performance of the country’s top tier information technology companies is expected to be muted for the quarter to December 2011, following seasonal weakness due to holidays coupled with uncertainty over the impact of a weak rupee on their profits.
These companies are expected to maintain a cautious outlook for the remainder of this fiscal. This [...]
The stocks of public sector units, or PSUs, are getting curious looks from investors. Spooked by the volatile market and the uncertainty in the global scenario, most investors are looking for ideas to weather the storm. One such idea currently doing the rounds is picking up stocks with strong intrinsic value. That would explain why [...]
Christmas trees at the Capitol, carols at the National Cathedral–and another partisan catfight over taxes.Last year, Democrats and Republicans rang in the season with a bitter fight over extending the Bush tax cuts.
This December, lawmakers are bickering over another expiring provision: the payroll tax cut. Over the short term, allowing this cut to expire would [...]
A lot of Americans are ticked off at their banks, and a new survey puts some numbers to that sentiment. Consulting firm cg42 says big bank customers will collectively withdraw $185 billion in deposited funds in 2012, and a total of $399 billion is “in jeopardy,” meaning that customers are considering making a switch to [...]
There’s been a lot of media coverage lately about Americans switching from big banks to community banks, credit unions and online banks. That may be a good move for some people, but we’ll come right out and say it: Some consumers need a big bank. Maybe you travel a lot for work and need to [...]
The NBA lockout keeps eating away at the regular season, like the revolting tapeworm that it is. Regular season games had been scheduled to start last week. Now all November games have been canceled. As the stalemate drags on, lament the lack of basketball — but don’t believe it’ll do major damage to local economies.
Conventional [...]
