Ontario workers feel recession’s wrath

Posted by Financial Service News on June 6th, 2009

Canada's manufacturing heartland continued to feel the full force of the economic downturn after suffering another month of massive job losses in May, pushing the national unemployment rate to an 11-year high.

Feds consider cuts in snow crab harvest to rebuild stock

Posted by Financial Market News on June 6th, 2009

A rebuilding plan for Bering Sea snow crab, valued at about $100 million in 2008, proposes to greatly reduce the recommended harvest for 2009-2010. Staff members from the Alaska Fisheries Science Center in Seattle, a branch of NOAA's National Marine Fisheries Service, recommended at a mid-May meeting of the North Pacific Fishery Management ...

US job losses slowed in May

Posted by Financial Service News on June 6th, 2009

Anthony Solis looked over job postings inside the Riverside Workforce Development Center in Riverside, Calif., this week.

A good bond proves harder to find

Posted by Financial Market News on June 6th, 2009

The seemingly safest of bonds look like they've been transformed from security blankets into bombs.

FDIC stops efforts to sell failed Silverton Bank

Posted by Financial Service News on June 6th, 2009

Federal regulators have abandoned efforts to sell failed Silverton Bank in Georgia to investors and are shutting the temporary "bridge bank" they set up to replace it last month.

Rio Tinto Scraps Chinalco Deal for $21 Billion Offering, BHP Iron Venture

Posted by Financial Market News on June 6th, 2009

Rio Tinto Group , the worlda s third- largest mining company, scrapped an investment from Aluminum Corp.

Search On for Man Charged with Threatening Obama

Posted by Financial Service News on June 6th, 2009

An arrest warrant has been issued for a gun owner who cleaned out his savings account and allegedly told a bank teller he was on a mission to kill President Barack Obama.

Merrill Lynch could face massive insider trading charges

Posted by Financial Market News on June 6th, 2009

A court case in Australia involving Merrill Lynch and the son of a national bookmaking legend could entangle the global bank in a giant insider trading probe.

FDIC seizes Lincolnwood bank

Posted by Financial Service News on June 6th, 2009

A bank in Lincolnwood was being shutdown Friday evening by federal regulators. The Bank of Lincolnwood is being taken into receivership by the Federal Deposit Insurance Corporation.

All Business: Bond-market rout lifts mortgage cost

Posted by Financial Market News on June 6th, 2009

But this and other big government spending programs are turning out to have the opposite effect.


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