Money - Business

RIM downgraded on competition fears

Mon, 28 Nov 2011 09:37:46 EST

Sterne Agee downgraded Research In Motion Ltd to "neutral" from "buy," and said it expects increased competition to hurt the BlackBerry maker's margins.

Reuters

Flaherty aims to save business money with tariff cuts

Mon, 28 Nov 2011 09:04:46 EST

Finance Minister Jim Flaherty announced Sunday the government will scrap 70 tariff items to save Canadian businesses about $32 million a year.

Agence QMI

Twelve days of Christmas to cost 3.5% more

Mon, 28 Nov 2011 08:39:31 EST

Your partridge and your pear tree are going to cost about 3.5% more this year than last.

Agence QMI

U.S. sees record Black Friday sales

Mon, 28 Nov 2011 08:35:05 EST

U.S. retailers racked up a record $52.4 billion in sales over the Thanksgiving weekend, a 16.4% jump from a year ago, as early hours and attractive promotions brought out more shoppers.
Reuters

Outlook for Canadian banks sours as Euro woes weigh

Mon, 28 Nov 2011 08:29:41 EST

A volatile year for Canadian banking results is likely to end on a soft note, and the outlook for 2012 won't inspire confidence as Europe's debt troubles deepen and Canadian borrowers turn shy.

Reuters

Cameco pulls out of bidding war for Hathor

Mon, 28 Nov 2011 08:27:25 EST

Cameco Corp said Monday it is backing out of a bidding war for Hathor Exploration after Anglo-Australian miner Rio Tinto sweetened its bid to C$654 million.

Reuters

Bombardier wins $214M Indian train contract

Mon, 28 Nov 2011 08:25:23 EST

Bombardier Inc's train unit received a contract to make railway equipment for India's Mumbai Railway Vikas Corp(MRVC).

Reuters