Business torrents

BONN–Deutsche Post AG is poised to announce thousands of job cuts at its DHL Express operations in the United States, possibly as early as […]

Retailers may have to scrap their growth plans and shrink in 2009 to survive as they face the grimmest economic environment since the early […]

The global economic slowdown and the fall in prices for commodities such as oil on world markets have prompted outspoken CIBC World Markets chief economist […]

Home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.
“The […]

A 5.9 billion pound ($11.4 billion) writedown on risky assets sent Royal Bank of Scotland (RBS.L: Quote, Profile, Research, Stock Buzz) to a first-half […]

DETROIT – Ford Motor Co. plans to conduct involuntary layoffs of salaried employees by August as part of a restructuring in the face of […]

OTTAWA–Newfoundland and Labrador led the country in labour productivity growth in 2007, while Alberta had the largest decline.
Conventional crude-oil extraction influenced both developments.
[…]

ERIE, Pa. – General Electric CEO Jeff Immelt said today that the U.S. economy is the worst its been since the burst of the […]

WASHINGTON–Consumers, beset by a credit crunch, rising energy and food costs and a prolonged housing slump, boosted spending only slightly in March with the gain […]

CALGARY–Shaw Communications Inc.’s chief executive says the company may take a run at entering the wireless business, and the Calgary-based cable, satellite and digital-phone provider […]