Business News
Ternium asks Venezuela government to resume talks on Sidor
CARACAS, Venezuela - Ternium SA said Friday it has asked the Venezuelan government to restart stalled talks on a compensation deal for the nationalization of the country's largest steelmaker, Sidor. ...
Turkmenistan set to boost agreed gas supplies to China
ASHGABAT, Turkmenistan - Energy-rich Turkmenistan signed a deal to boost its annual delivery of natural gas supplies to China to 40 billion cubic meters, an increase of 10 billion cubic meters over th...
Teamsters union now represents the majority of workers at CNR
OTTAWA - More than 3,000 Canadian National (TSX:CNR) conductors, trainmen, yardmen and yardmasters have voted to join the Teamsters Canada Rail Conference, the union said Friday. The workers were r...
U.S. federal judge approves Ford health care trust that will pay retiree bills
DETROIT - Ford Motor Co. says a federal judge has approved a trust fund set up by the automaker and the United Auto Workers that will pay retiree health care bills for union members. Dearborn-based...
Integrity Bank of Alpharetta, Ga., fails, 10th bank in U.S. to do so this year
NEW YORK - Integrity Bank of Alpharetta, Ga., on Friday became the 10th U.S. bank to fail so far this year, done in by the very business it was built on - real estate lending. Regions Bank of Birmi...
Machinists union leaders call for Boeing strike after latest offer
SEATAC, Wash. - Leaders of Boeing Co.'s Machinists union called for a strike Friday after deciding a proposed labour contract the aerospace company called its "best and final" offer wasn't good enough...
Personal incomes in U.S. drop sharply in July while spending slows
WASHINGTON - Consumer spending slowed to a crawl and personal incomes plunged in July, reflecting the waning impact of US$93 billion in economic stimulus payments. The U.S. Commerce Department repo...
Nissan North America preparing Mississippi plant for hurricane Gustav
NEW YORK - Nissan North America Inc. said Friday that it's making preparations at a Mississippi assembly plant in case hurricane Gustav hits the Gulf Coast next week. Company spokesman Fred Standis...
French nuclear engineering firm Areva net profit soars in first half
PARIS - French state-controlled nuclear engineering firm Areva SA said Friday net profit skyrocketed in the first half of the year as strong sales at its nuclear fuel and uranium enrichment division o...
Quebec court issues seizure order against Bombardier planes destined for Iraq
MONTREAL - Quebec Superior Court has granted Kuwait Airways an order preventing the delivery of several Bombardier (TSX:BBD.B) planes to be built for Iraqi Airways. The aircraft being assembled in ...
Britney Spears may get mixed reviews these days, but the pop star definitely has support from hip-hop star Pharrell Williams. He told
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