October 25th, 2014

Business

Business Highlights

By The Associated Press on October 24th, 2014

___ Market jolt is reality check for investors NEW YORK (AP) – Sometimes a little fear is healthy for stock investors. A violent lurch lower nine days ago knocked the Standard & Poor’s 500 index down as much as 7.4 per cent from its September peak as fears of a global economic slowdown intensified. Stocks ... Read More »

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Google exec’s supersonic freefall from near-space sets skydiving records, breaks sound barrier

By The Associated Press on October 24th, 2014

ROSWELL, N.M. – Google executive Alan Eustace broke the sound barrier and set several skydiving records over the southern New Mexico desert early Friday after taking a big leap from the edge of space. Eustace’s supersonic jump was part of a project by Paragon Space Development Corp. and its Stratospheric Explorer team, which has been ... Read More »

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Canadian dollar flat ahead of Fed meeting, economic growth data

By Malcolm Morrison, The Canadian Press on October 24th, 2014

TORONTO – The Canadian dollar closed flat Friday with markets cautious ahead of key economic happenings next week. The loonie ended the session at 89.02 cents US. The interest rate meeting of the U.S. Federal Reserve is the major event as markets will be curious to see if the Fed decides to postpone the end ... Read More »

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Your ad here: Postmedia says luring advertisers a challenge as it posts Q4 loss

By David Friend, The Canadian Press on October 24th, 2014

TORONTO – Advertisers were still elusive for newspaper publisher Postmedia in the fourth quarter and executives say there hasn’t been much improvement ahead of the key Christmas holiday shopping season. “Unfortunately the weakness in print advertising has persisted into the early portion of the first quarter,” chief financial officer Doug Lamb told analysts on Friday, ... Read More »

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Google executive sets skydiving records over New Mexico desert with leap from near-space

By The Associated Press on October 24th, 2014

ROSWELL, N.M. – A Google executive has broken the sound barrier and set several skydiving records over the southern New Mexico desert after taking a leap from the edge of space. Alan Eustace’s supersonic jump early Friday from a high-altitude, helium-filled balloon is part of a project by Paragon Space Development Corp. and its Stratospheric ... Read More »

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French court rules in favour of extraditing Kazakh dissident banker to either Russia or Ukraine

By The Associated Press on October 24th, 2014

PARIS – A French appeals court has authorized the extradition to Russia or Ukraine of a Kazakh dissident banker whose legal case is tangled up in at least five countries. His lawyer immediately announced a decision to appeal, which blocks the procedure. Mukhtar Ablyazov fled Kazakhstan amid the nationalization of BTA Bank, which he once ... Read More »

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Postmedia reports fourth-quarter losses deepen to $49.8 million, revenue drops

By David Friend, The Canadian Press on October 24th, 2014

TORONTO – Postmedia Network Canada Corp. (TSX:PNC.B) (TSX:PNC.A) says its losses deepened in the fourth quarter as revenues dropped 13 per cent, weighed down by weaker print and digital advertising sales. The Toronto-based media company, owner of several newspapers and websites including the National Post, says it had a $49.8 million net loss, or $1.24 ... Read More »

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Canadian dollar higher ahead of Fed meeting, economic growth data

By Malcolm Morrison, The Canadian Press on October 24th, 2014

TORONTO – The Canadian dollar was higher Friday with markets cautious ahead of key economic happenings next week. The loonie gained 0.12 of a cent to 89.14 cents US. The interest rate meeting of the Federal Reserve is the major event as markets will be curious to see if the Fed may decide to postpone ... Read More »

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Postmedia reports fourth-quarter losses deepens to $49.8 million, revenue drops

By The Canadian Press on October 24th, 2014

TORONTO – Postmedia Network Canada Corp. (TSX:PNC.B) (TSX:PNC.A) says its losses deepened in the fourth quarter as revenues dropped 13 per cent, weighed down by weaker print and digital advertising sales. The Toronto-based media company, owner of several newspapers and websites including the National Post, says it had a $49.8 million net loss, or $1.24 ... Read More »

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Sales of new US homes tick up 0.2 pct. in September; revisions wipe away much of August surge

By Josh Boak, The Associated Press on October 24th, 2014

WASHINGTON – U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying. New-home sales edged up 0.2 per cent last month to a seasonally adjusted annual rate of 467,000, the Commerce Department reported Friday. The report also revised down the August ... Read More »

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