Energy 98.5 - Ft. St. John - Business News

Silver State Bank in Nevada is shut

Sat, 06 Sep 2008 02:47:04 +0000

WASHINGTON - Nevada regulators have shut down Silver State Bank. It was the 11th failure this year of a federally insured bank in the U.S. The Federal Deposit Insurance Corp. was appointed receiver...

Funeral held Friday for Thomas Bata, 'shoemaker to the world'

Sat, 06 Sep 2008 00:19:07 +0000

TORONTO - Friends, family members, and colleagues of the Canadian business legend Thomas Bata gathered in Toronto on Friday to mourn the loss of the man who built his namesake company into the world's...

Funeral held Friday for Thomas Bata, ?shoemaker to the world?

Fri, 05 Sep 2008 23:50:13 +0000

Funeral held Friday for Thomas Bata, "shoemaker to the world"

Fri, 05 Sep 2008 23:34:07 +0000

Markets still rocky but underlying environment 'benign': Deutsche Bank chief

Fri, 05 Sep 2008 22:53:24 +0000

CALGARY - The global financial system has been "pushed to the brink" in its most severe downturn since the Great Depression, although the actions of American policy makers have averted disaster, the h...

Oil prices drop as U.S. jobs data add to demand worries

Fri, 05 Sep 2008 22:24:37 +0000

NEW YORK - Oil prices sank to a five-month low Friday as a jump in the U.S. unemployment rate signalled to traders that Americans might keep paring back their energy use to save money. The U.S. Lab...

Union says 174 workers at Sklar Furniture workers to lose jobs despite concessions

Fri, 05 Sep 2008 22:24:40 +0000

AJAX, Ont. - The United Steelworkers' union says it has been advised that Sklar Furniture in Ajax, Ont., has declared bankruptcy and 174 workers there will lose their jobs. The Steelworkers say uni...

U.S. prosecutors say loss from AIG scheme over US$1 billion

Fri, 05 Sep 2008 22:24:38 +0000

NEW HAVEN, Conn. - U.S. prosecutors in Connecticut say a scheme to manipulate the financial statements of the world's largest insurance company, American International Group Inc., resulted in a loss o...

Toyota Canada to delay startup of second shift at Woodstock, Ont., plant

Fri, 05 Sep 2008 22:24:41 +0000

TORONTO - Toyota Canada is delaying the startup of a second shift at its new plant in Woodstock, Ont., in a move that indicates the economic slowdown is affecting more than just the North American aut...

Economy cranks out 15,200 jobs in August, but shakiness persists

Fri, 05 Sep 2008 21:45:26 +0000

OTTAWA - Canada's economy exhibited signs of coming back to life in August with the first job gains in three months, but mounting bankruptcies and further slippage in the stock market suggest the coun...

Is the financial crisis over? Not so fast

Fri, 05 Sep 2008 21:08:05 +0000

CERNOBBIO, Italy - Oil prices are down, the U.S. dollar is up, and U.S. growth and exports have perked up a little. So is the global financial crisis winding down anytime soon? Top economists and busi...

TSX closes flat following three triple digit tumbles;NY mixed on jobs data

Fri, 05 Sep 2008 21:07:52 +0000

TORONTO - The Toronto stock market managed a flat close Friday, capping one of the worst weeks on record for the TSX in a commodity-sector led selloff. 'If you look at all the numbers, you have to ...

U.S. home loan troubles break records again

Fri, 05 Sep 2008 21:08:03 +0000

WASHINGTON - The source of trouble in the U.S. mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballo...

Investor fear understandable amid tumbling markets but far from panic:experts

Fri, 05 Sep 2008 21:07:59 +0000

TORONTO - Nervous investors have reason to be pessimistic after a week of steep losses on the Toronto stock market, experts say, but they warn people must keep the swings in perspective and remember t...

TSX down, off early lows as energy losses moderate;NY weak on job losses

Fri, 05 Sep 2008 19:19:23 +0000

TORONTO - The Toronto stock market was in the red Friday afternoon on deepening investor pessimism about economic conditions but well off the worst levels of the session. 'If you look at all the nu...