Business

UK Firms Aviva, Friends Life in $8.8B Merger Talks

LONDON—Britain’s Aviva says it is in talks to buy another insurer, Friends Life for over 5.6 billion pounds ($8.8 billion) in a deal that would...


Most recent Business blogs and columns

  • Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 18, 2014 in New York City. US financial markets were mixed in early trading Thursday, Nov. 20, 2014, as soft economic data out of China and Europe stoked concerns about a global slowdown. (Spencer Platt/Getty Images)

    US Stock Market Back Up to Record Highs

    U.S. stocks rebounded Thursday, sending the Dow Jones industrial average and Standard & Poor’s 500 index back into record territory. It was the second record-high... Read more

  • Senate Commerce Committee member Sen. Bill Nelson (D-Fla.) displays the parts and function of a defective airbag made by Takata of Japan that has been linked to multiple deaths and injuries in cars driven in the US, Thursday, Nov. 20, 2014, during the committee's hearing on Capitol Hill in Washington, DC. (AP Photo/J. Scott Applewhite)

    Takata Chief Apologizes for Air Bag Problem

    WASHINGTON—The global quality chief of Takata Corp. apologized and an official from Honda acknowledged the automaker broke a disclosure law as a Senate committee put... Read more

  • Various prescription drugs on the automated pharmacy assembly line at Medco Health Solutions, in Willingboro, N.J., on June 14, 2011. Some low-cost generic drugs that have helped restrain health care costs for decades are seeing unexpected price spikes of up to 8,000 percent, prompting a backlash from patients, pharmacists and now Washington lawmakers. (AP Photo/Matt Rourke)

    Soaring Generic Drug Prices Draw Senate Scrutiny

    WASHINGTON—Some low-cost generic drugs that have helped restrain health care costs for decades are seeing unexpected price spikes of up to 8,000 percent, prompting a... Read more

  • Mount Redoubt bellows steam as seen from Kenai, Alaska Thursday, March 26, 2009. The volcano on the west side of Cook Inlet erupted Thursday morning sending ash clouds an estimated 65,000 feet into the air and is expected to affect the towns of Kenai and Homer. (AP Photo/Al Grillo)

    Volcano Eruptions in Alaska Could Cause Trans-Atlantic Chaos for Airlines

    A volcanic eruption in Iceland caused massive disruption throughout Europe in 2010. A huge ash cloud grounded more than 100,000 flights and delayed 10m passengers,... Read more

  • The Detroit skyline is seen on Nov. 7, 2014 in Detroit, Michigan. (Joshua Lott/Getty Images)

    What Are the Costs of Detroit’s Rise From Bankruptcy?

    Earlier this month, we learned that the biggest municipal bankruptcy in history would also be among the swiftest. The emergency manager for Detroit filed for... Read more

  • FILE - This Oct. 8, 2014 file photo shows a Wall Street address carved in the side of a building, in New York. U.S. financial markets were mixed in early trading Thursday, Nov. 20, 2014 as soft economic data out of China and Europe stoked concerns about a global slowdown. (AP Photo/Mark Lennihan, File)

    Wall Street Stock Indexes Edge Higher; Homebuilder Stocks Gain

    A pickup in U.S. home sales and figures showing a decline in weekly applications for unemployment benefits helped lift stocks in midday trading Thursday. Strong... Read more

  • In this Oct. 28, 2014 photo, customers shop at the Century 21 Department Store in Philadelphia. The Labor Department reports on October consumer prices on Thursday, Nov. 20, 2014. (AP Photo/Matt Rourke)

    Consumer Prices Unchanged; Zero Inflation

    WASHINGTON—U.S. consumer prices were unchanged in October as a fourth straight decline in gasoline costs helped to keep inflation at bay. The steady reading for... Read more

  • In this Oct. 23, 2014 photo, automotive service technology students work on a car at the Community College of Philadelphia, in Philadelphia. The U.S. Labor Department reports on the number of people who applied for unemployment benefits for the week ending Nov. 15 on Thursday, Nov. 20, 2014. (AP Photo/Matt Rourke)

    Unemployment Aid Applications Fall to 291,000

    WASHINGTON—The number of people applying for U.S. unemployment benefits declined slightly last week, suggesting that job gains should remain solid. Weekly applications for jobless aid... Read more

  • A man uses a mobile phone in front of an electronic stock indicator of a securities firm in Tokyo, Thursday, Nov. 20, 2014. Asian stocks faltered Thursday as China's manufacturing weakened and the latest Fed minutes reminded investors that U.S. interest rates are likely to rise next year. Japan's Nikkei 225 closed at 17,300.86 Thursday. (AP Photo/Shizuo Kambayashi)

    Global Stocks Dragged Down by Weak China, Europe Data

    Global stock markets mostly fell Thursday following soft Chinese and European economic data and ahead of U.S. inflation figures. Keeping Score: In Europe, France’s CAC... Read more

  • Cups of coffee sit on a counter in a Tim Hortons in Oakville, Ontario. The price of coffee will go up Nov. 26 by 10 cents on average. (The Canadian Press/Chris Young)

    Pit Stops at Tim’s to Cost More

    TORONTO—Your morning stop at Tim Hortons is about to get a bit more expensive. The restaurant chain says it plans to raise prices for both... Read more

  • A staff member counts money at a branch of the Bank of China in Lianyungang, Jiangsu Province of China. Increasingly, other currencies including the Canadian dollar will be taking the US dollar’s place in exchange for renminbi. (ChinaFotoPress/Getty Images)

    China’s Currency Gains Global Reach

    China is tirelessly working to promote the use of its currency, the renminbi, across the globe. It is making progress, even in North America.  Earlier... Read more

  • David Friedman, the acting administrator of the National Highway Traffic Safety Administration, testifies at the Senate Commerce, Science and Transportation Subcommittee on Consumer Protection, Product Safety and Insurance, on Capitol Hill in Washington on Sept. 16, 2014. A showdown is looming between US safety regulators and a Japanese company that makes air bags linked to multiple deaths and injuries. (AP Photo/Lauren Victoria Burke)

    Showdown Looms Between US Gov’t, Air Bag Maker

    DETROIT—A showdown is looming between U.S. safety regulators and a Japanese company that makes air bags linked to multiple deaths and injuries. Car companies and... Read more

  • Federal Reserve Chairwoman Janet Yellen speaks during a meeting of the Board of Governors of the Federal Reserve System at the Federal Reserve in Washington on Oct. 22, 2014. The Federal Reserve releases minutes from its October interest-rate meeting on Wednesday, Nov. 19, 2014. (AP Photo/Susan Walsh)

    Fed Sees Solid US Economy, Despite New Threats

    WASHINGTON—Federal Reserve policy-makers discussed a variety of economic threats at their October meeting — from turbulent financial markets to overseas weakness — but decided to move forward... Read more

  • A man watches a JetBlue airplane take off from John F. Kennedy International Airport in New York on June 2, 2010. JetBlue Airways Corp. on Wednesday, Nov. 19, 2014, said that it will create three ticket classes, and only the top two include at least one free checked bag. The company didn't say what the bag fee would be for the cheapest flights. (AP Photo/Seth Wenig)

    JetBlue to Add Bag Fees on Cheapest Tickets

    It will soon cost you money to check a bag on JetBlue if you buy the cheapest level of tickets. JetBlue Airways Corp. said Wednesday... Read more

  • James Swartz, director of World Against Toys Causing Harm Inc., points out the term "Play Safe and Enjoy!!!" on the package for the Catapencil, a combination pencil and slingshot, at Children's Franciscan Hospital in Boston, Wednesday, Nov. 19, 2014. The consumer watchdog group has released its annual list of what it considers to be the 10 most unsafe toys as the holiday season approaches. (AP Photo/Charles Krupa)

    Consumer Group Lists ‘Ten Worst Toys’ for Kids

    BOSTON—A bow that shoots illuminated arrows its manufacturer says can fly up to 145 feet and the “Catapencil” — a pencil with a miniature slingshot-style... Read more

  • Construction continues on a boutique apartment building on the southeast corner of Florida Ave. and 14th Street NW, in Washington, on Nov. 4, 2014. Construction of new homes fell slightly in October after a big surge in the previous month, the Commerce Department reported Wednesday, Nov. 19, 2014, but the weakness was largely driven by the volatile apartment sector. (AP Photo/Pablo Martinez Monsivais)

    US Home Construction Drops 2.8 Percent in October

    WASHINGTON—Construction of new homes fell slightly in October after a big surge in the previous month, but the weakness was largely driven by the volatile... Read more

  • Senate Commerce Committee member Sen. Bill Nelson (D-Fla.) displays the parts and function of a defective airbag made by Takata of Japan that has been linked to multiple deaths and injuries in cars driven in the US, Thursday, Nov. 20, 2014, during the committee's hearing on Capitol Hill in Washington, DC. (AP Photo/J. Scott Applewhite)

    Takata Chief Apologizes for Air Bag Problem

    WASHINGTON—The global quality chief of Takata Corp. apologized and an official from Honda acknowledged the automaker broke a disclosure law as a Senate committee put... Read more

  • Cups of coffee sit on a counter in a Tim Hortons in Oakville, Ontario. The price of coffee will go up Nov. 26 by 10 cents on average. (The Canadian Press/Chris Young)

    Pit Stops at Tim’s to Cost More

    TORONTO—Your morning stop at Tim Hortons is about to get a bit more expensive. The restaurant chain says it plans to raise prices for both... Read more

  • David Friedman, the acting administrator of the National Highway Traffic Safety Administration, testifies at the Senate Commerce, Science and Transportation Subcommittee on Consumer Protection, Product Safety and Insurance, on Capitol Hill in Washington on Sept. 16, 2014. A showdown is looming between US safety regulators and a Japanese company that makes air bags linked to multiple deaths and injuries. (AP Photo/Lauren Victoria Burke)

    Showdown Looms Between US Gov’t, Air Bag Maker

    DETROIT—A showdown is looming between U.S. safety regulators and a Japanese company that makes air bags linked to multiple deaths and injuries. Car companies and... Read more

  • A man watches a JetBlue airplane take off from John F. Kennedy International Airport in New York on June 2, 2010. JetBlue Airways Corp. on Wednesday, Nov. 19, 2014, said that it will create three ticket classes, and only the top two include at least one free checked bag. The company didn't say what the bag fee would be for the cheapest flights. (AP Photo/Seth Wenig)

    JetBlue to Add Bag Fees on Cheapest Tickets

    It will soon cost you money to check a bag on JetBlue if you buy the cheapest level of tickets. JetBlue Airways Corp. said Wednesday... Read more

  • Consolidated Edison Inc. CEO Kevin Burke at a newly hardened power station at East 13th Street, New York, on May 28. (NTD Television)

    Solar Energy Co. SunEdison Buying Wind Power Co.

    Solar energy company SunEdison is adding some wind-fueled power to its business with a deal worth up to $2.4 billion. The St. Peters, Missouri-based company... Read more

  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City. (Mario Tama/Getty Images

    Can Muni Bonds Sustain Recent Gains?

    One of the least glamorous investments has been on a tear this year. Year-to-date returns on municipal bonds, or debts issued by state or local... Read more

  • FILE - In this April 15, 2009, file photo, an unidentified worker passes a truck owned by Halliburton at a remote site for natural-gas producer Williams in Rulison, Colo. Halliburton is buying rival oilfield services company Baker Hughes in a cash-and-stock deal worth $34.6 billion, according to reports, on Monday, Nov. 17, 2014. The deal comes shortly after talks had stalled and Halliburton prepared to go hostile with its takeover bid. (AP Photo/David Zalubowski, File)

    Halliburton Paying $34.6 Billion for Baker Hughes

    NEW YORK—In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oilfield services company Baker Hughes... Read more

  • DreamWorks offices are shown in Redwood City, Calif., on July 26, 2010. Shares of DreamWorks Animation SKG Inc. are soaring in premarket trading, Thursday, Nov. 13, 2014, following a media report that toy company Hasbro is in discussions to buy the studio. (AP Photo/Paul Sakuma)

    Report: DreamWorks, Hasbro Talks Fade

    NEW YORK—A media report says that talks between Hasbro and DreamWorks Animation have faded and the toy company is unlikely to buy the animation studio... Read more

  • Mritunjaya Kumar (L), Moksha Shrivastav (C), and Pranay Shrivastav (R) the core team of Wheelstreet.in, India's first bike rental portal,
outside their office in Noida City on Nov. 2, 2014. (Venus Upadhayaya/Epoch Times)

    Tech Fueling Innovation Boom of Young Indians

    NEW DELHI—With education, a solid understanding of IT, and an unorganized market with tremendous possibilities, young Indians are churning ideas into successful businesses at a... Read more

  • This picture taken on April 16, 2014 shows the headquarters of Starbucks in Amsterdam. (Remko De Waal/AFP/Getty Images)

    Dutch Government Defends Starbucks Tax Deal

    AMSTERDAM—The Dutch government says it did nothing wrong when it struck a tax deal with Starbucks that the European Union Commission alleges is so favorable... Read more

  • Tianhe Chief Executive Wei Xuan shows journalists a sample of one of the specialty chemicals the company manufactures at its 800,000 square meter Jinzhou plant in China on Oct. 24, 2014. The pitch to investors described the company on the verge of spectacular success. Tianhe Chemicals Group Ltd. boasted rock-bottom labor costs, unique manufacturing techniques and net profit margins triple those of competitors. (AP Photo/Erika Kinetz)

    Morgan Stanley Pushes Murky Chinese Stocks to Market

    WASHINGTON—The pitch to investors described a company on the verge of spectacular success: a Chinese firm making sophisticated, high-end chemicals used to fight fires, stain-proof... Read more

  • Alison Sweeney supports bookstores amidst ongoing feud between her 'Scared Scriptless' publisher Hachette and Amazon at Barnes & Noble Union Square on June 5, 2014, in New York City. (Slaven Vlasic/Getty Images)

    Amazon, Hachette End Months-Long Dispute

    NEW YORK—One of publishing’s nastiest, most high-profile conflicts, the months-long standoff between Amazon.com and Hachette Book Group, is ending. Amazon and Hachette announced a multiyear... Read more

  • Duracell batteries in Richardson, Texas, on Nov. 13, 2014. Warren Buffett's Berkshire Hathaway Inc. is buying the Duracell battery business from Procter & Gamble Co. in a deal valued at approximately $3 billion. (AP Photo/LM Otero)

    Warren Buffett’s Berkshire Hathaway Buying Duracell From P&G in $3B Deal

    OMAHA, Neb.—Buying Duracell will provide a short-term charge for Warren Buffett’s company, but the battery maker could eventually wind up being a drain on Berkshire... Read more

  • Wheat. (Bluemoose/Wikimedia Commons)

    Monsanto to Pay Pacific Northwest Wheat Farmers

    ST. LOUIS—Monsanto Co. says it will pay $2.4 million to settle a dispute with farmers in the Pacific Northwest over genetically modified wheat. The discovery... Read more

  • An undated photo of Hangar One, stripped of its skin because of potentially hazardous substances. Google has pledged to renovate the historic structure as part of the lease agreement with NASA. (Courtesy of NASA)

    Google Leases NASA Airfield

    It was some time in the making, but Google made a bolt-on acquisition by leasing the 1,000-acre Moffett Airfield from NASA for 60 years and... Read more

  • Google DFP down

    Google Ad Server Down, Millions per Hour in Revenue Being Lost (Update)

    Update: Our team has worked quickly to fix the software bug. It’s now back up, so our publisher partners can return to funding their content... Read more

  • File photo of Rona president and CEO Robert Sawyer at the company’s annual meeting on May 13, 2014 in Boucherville, Que. (The Canadian Press/Paul Chiasson)

    ‘Disciplined Expansion’ Planned for Rona Next Year

    MONTREAL—Rona plans to reopen a couple of shuttered stores next year as the home renovation retailer, sporting improved results, begins to export its Quebec-based Reno-Depot... Read more

  • People walk in front of a Yahoo sign at the company's headquarters in Sunnyvale, Calif. Yahoo Inc. reports quarterly financial results on Tuesday, Oct. 21, 2014. (AP Photo/Marcio Jose Sanchez)

    Yahoo Buys Digital Ad Service BrightRoll for $640M

    SAN FRANCISCO—Yahoo is buying digital video advertising service BrightRoll for $640 million in the Internet company’s latest attempt to boost its revenue after years filled... Read more

  • In this Nov. 6, 2014 photo, Shawn Ebeler works on the door assembly on a new Ford F-150 truck is assembled at the Dearborn Truck Plant in Dearborn, Mich. It’s Ford Motor Co.’s biggest bet in decades: an aluminum-sided F-150 that could set a new industry standard _ or cost the company its pickup truck crown. (AP Photo/Carlos Osorio)

    Ford’s New Aluminum F-150 Hits Dealers Next Month

    DEARBORN, Mich.—It’s Ford Motor Co.’s biggest bet in decades: an aluminum-sided F-150 that could set a new industry standard — or cost the company its... Read more

  • French Foreign Minister Laurent Fabius delivers a speech during the inauguration of the Renault plant in Oran, western Algeria, Monday, Nov.10, 2014. The plant is due to produce the Renault Symbol especially for the Algerian domestic market. The first new Renault car rolled off the assembly lines on Monday. (AP Photo/Sidali Djarboub)

    Renault Opens New Plant in Oran, Algeria

    ALGIERS, Algeria—Algeria inaugurated a joint French-Algerian Renault car factory in the western city of Oran on Monday, marking the North African country’s first foray into... Read more

  • Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 18, 2014 in New York City. US financial markets were mixed in early trading Thursday, Nov. 20, 2014, as soft economic data out of China and Europe stoked concerns about a global slowdown. (Spencer Platt/Getty Images)

    US Stock Market Back Up to Record Highs

    U.S. stocks rebounded Thursday, sending the Dow Jones industrial average and Standard & Poor’s 500 index back into record territory. It was the second record-high... Read more

  • Various prescription drugs on the automated pharmacy assembly line at Medco Health Solutions, in Willingboro, N.J., on June 14, 2011. Some low-cost generic drugs that have helped restrain health care costs for decades are seeing unexpected price spikes of up to 8,000 percent, prompting a backlash from patients, pharmacists and now Washington lawmakers. (AP Photo/Matt Rourke)

    Soaring Generic Drug Prices Draw Senate Scrutiny

    WASHINGTON—Some low-cost generic drugs that have helped restrain health care costs for decades are seeing unexpected price spikes of up to 8,000 percent, prompting a... Read more

  • Mount Redoubt bellows steam as seen from Kenai, Alaska Thursday, March 26, 2009. The volcano on the west side of Cook Inlet erupted Thursday morning sending ash clouds an estimated 65,000 feet into the air and is expected to affect the towns of Kenai and Homer. (AP Photo/Al Grillo)

    Volcano Eruptions in Alaska Could Cause Trans-Atlantic Chaos for Airlines

    A volcanic eruption in Iceland caused massive disruption throughout Europe in 2010. A huge ash cloud grounded more than 100,000 flights and delayed 10m passengers,... Read more

  • The Detroit skyline is seen on Nov. 7, 2014 in Detroit, Michigan. (Joshua Lott/Getty Images)

    What Are the Costs of Detroit’s Rise From Bankruptcy?

    Earlier this month, we learned that the biggest municipal bankruptcy in history would also be among the swiftest. The emergency manager for Detroit filed for... Read more

  • In this Oct. 28, 2014 photo, customers shop at the Century 21 Department Store in Philadelphia. The Labor Department reports on October consumer prices on Thursday, Nov. 20, 2014. (AP Photo/Matt Rourke)

    Consumer Prices Unchanged; Zero Inflation

    WASHINGTON—U.S. consumer prices were unchanged in October as a fourth straight decline in gasoline costs helped to keep inflation at bay. The steady reading for... Read more

  • In this Oct. 23, 2014 photo, automotive service technology students work on a car at the Community College of Philadelphia, in Philadelphia. The U.S. Labor Department reports on the number of people who applied for unemployment benefits for the week ending Nov. 15 on Thursday, Nov. 20, 2014. (AP Photo/Matt Rourke)

    Unemployment Aid Applications Fall to 291,000

    WASHINGTON—The number of people applying for U.S. unemployment benefits declined slightly last week, suggesting that job gains should remain solid. Weekly applications for jobless aid... Read more

  • Federal Reserve Chairwoman Janet Yellen speaks during a meeting of the Board of Governors of the Federal Reserve System at the Federal Reserve in Washington on Oct. 22, 2014. The Federal Reserve releases minutes from its October interest-rate meeting on Wednesday, Nov. 19, 2014. (AP Photo/Susan Walsh)

    Fed Sees Solid US Economy, Despite New Threats

    WASHINGTON—Federal Reserve policy-makers discussed a variety of economic threats at their October meeting — from turbulent financial markets to overseas weakness — but decided to move forward... Read more

  • James Swartz, director of World Against Toys Causing Harm Inc., points out the term "Play Safe and Enjoy!!!" on the package for the Catapencil, a combination pencil and slingshot, at Children's Franciscan Hospital in Boston, Wednesday, Nov. 19, 2014. The consumer watchdog group has released its annual list of what it considers to be the 10 most unsafe toys as the holiday season approaches. (AP Photo/Charles Krupa)

    Consumer Group Lists ‘Ten Worst Toys’ for Kids

    BOSTON—A bow that shoots illuminated arrows its manufacturer says can fly up to 145 feet and the “Catapencil” — a pencil with a miniature slingshot-style... Read more

  • Construction continues on a boutique apartment building on the southeast corner of Florida Ave. and 14th Street NW, in Washington, on Nov. 4, 2014. Construction of new homes fell slightly in October after a big surge in the previous month, the Commerce Department reported Wednesday, Nov. 19, 2014, but the weakness was largely driven by the volatile apartment sector. (AP Photo/Pablo Martinez Monsivais)

    US Home Construction Drops 2.8 Percent in October

    WASHINGTON—Construction of new homes fell slightly in October after a big surge in the previous month, but the weakness was largely driven by the volatile... Read more

  • President Barack Obama pauses while speaking at the ConnectED conference in the East Room of the White House November 19, 2014 in Washington, DC. (Brendan Smialowski/AFP/Getty Images)

    Obama Wants US Schools Using 21st Century Technology

    WASHINGTON—President Barack Obama says the United States needs to bring its schools into the 21st century when it comes to technology. Obama says less than... Read more

  • Britain's Prime Minister David Cameron speaks during a press conference on the final day of the G20 Leaders' Summit in Brisbane on Nov. 16, 2014. (William West/AFP/Getty Images)

    Are We Facing Another Financial Crisis?

    Taken at face value, David Cameron’s warning this week about risks in the global economy sounds like it might be wonderfully prescient. Here’s the country’s... Read more

  • Visitors look at displays of Japanese auto parts maker Takata Corp at a car showroom in Tokyo on November 11, 2014. Shares in Japanese auto parts firm Takata plunged nearly 17 percent in Tokyo on November 10 following calls for a criminal investigation into an airbag defect that has been linked to at least four deaths. (Kazuhiro Nogi/AFP/Getty Images)

    Exploding Air Bag Company Rejects US Call for Wider Recall

    DETROIT—A showdown is looming between U.S. safety regulators and a Japanese company that makes air bags linked to multiple deaths and injuries. The National Highway... Read more

  • The Wall Street entrance of the New York Stock Exchange, Thursday, Oct. 2, 2014. World stock markets were lackluster Wednesday Nov. 19, 2014 as investors digested a fall in Chinese home prices and Japan's scramble to overcome its economic malaise. (AP Photo/Richard Drew)

    Wall Street Stocks Drop Ahead of Latest Fed News

    U.S. stock indexes inched lower in afternoon trading Wednesday, ahead of the release of minutes from the Federal Reserve’s most recent policy meeting. Investors hoped... Read more

  • Japan's Prime Minister Shinzo Abe speaks during a press conference at his official residence in Tokyo on Nov. 18, 2014. Abe said November 18 he was delaying an expected sales tax rise and dissolving the lower house of parliament after figures showed Japan was in a recession. (Kazuhiro Nogi/AFP/Getty Images)

    Abe Takes a High-Stakes Gamble in Calling an Early Election in Japan

    It may seem politically counter-intuitive for a prime minister to seek an early election just when the economy has gone into recession. But following his... Read more

  • Trader Sean Spain, center, works on the floor of the New York Stock Exchange, Tuesday, Nov. 18, 2014. Stocks moved higher in late afternoon trading Tuesday, on track to deliver a record-high close for the Dow Jones industrial average and Standard & Poor's 500 index. (AP Photo/Richard Drew)

    US Stock Index Notch Latest Records; Relief Over Japan

    Investors remained in a record-setting mood Tuesday, edging the Dow Jones industrial average and Standard & Poor’s 500 index to their latest all-time highs. Pharmaceutical... Read more

  • This undated photo provided by the Insurance Institute for Highway Safety shows a crash test of a 2002 Honda CR-V, one of the models subject to a recall to repair faulty air bags. In a letter delivered Thursday, Oct. 23, 2014, US Senators Richard Blumenthal (D-Conn.) and Ed Markey (D-Mass.) are calling on regulators to issue a nationwide recall of cars with faulty air bags made by Takata Corp., questioning why automakers have been allowed to limit recalls to only certain locations with high humidity. (AP Photo/Insurance Institute for Highway Safety)

    Safety Agency to Push for National Air Bag Recall

    DETROIT—U.S. safety regulators are demanding that automakers and Takata Corp. expand nationwide a recall of vehicles with certain driver’s side air bags equipped with inflators... Read more

  • (Shutterstock*)

    Heating Costs Heading Up as Cold Grips Nation

    NEW YORK—The cold is back, and with it, rising heating bills. This winter was expected to bring much lower bills than last year because it... Read more

  • Former billionaire Eike Batista, a Brazilian tycoon once named No. 7 on Forbes' list of the world's richest people, attends a hearing at a federal criminal court in Rio de Janeiro, Brazil, Tuesday, Nov. 18, 2014. Batista went on trial Tuesday in an insider trading case that could make him the first person in the country to go to prison on such charges. (AP Photo/Felipe Dana)

    Brazilian Ex-Billionaire Eike Batista on Trial for Insider Trading

    RIO DE JANEIRO—Eike Batista, the flamboyant Brazilian tycoon once named No. 7 on Forbes’ list of the world’s richest people, went on trial Tuesday in... Read more

  • Traders gather at a post on the floor of the New York Stock Exchange, Tuesday, Nov. 18, 2014. Major US stocks opened higher on Tuesday, a day after the Standard & Poor's 500 index set its second record-high close in two days. (AP Photo/Richard Drew)

    US Stocks Get a Boost From Pharma Companies

    Stocks moved higher in late afternoon trading Tuesday, on track to deliver a record-high close for the Dow Jones industrial average and Standard & Poor’s... Read more

  • In this Wednesday, Sept. 17, 2014 photo, builders work on the roof of a new home under construction in Upper Makefield, Pa. The National Association of Home Builders/Wells Fargo releases its monthly index of builder sentiment on Tuesday, Nov. 18, 2014. (AP Photo/Mel Evans)

    Homebuilder Confidence Rebounds November

    WASHINGTON—U.S. homebuilders’ confidence rebounded in November as both sales expectations and buyer traffic improved. The National Association of Home Builders/Wells Fargo index rose to 58... Read more

  • Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 18, 2014 in New York City. US financial markets were mixed in early trading Thursday, Nov. 20, 2014, as soft economic data out of China and Europe stoked concerns about a global slowdown. (Spencer Platt/Getty Images)

    US Stock Market Back Up to Record Highs

    U.S. stocks rebounded Thursday, sending the Dow Jones industrial average and Standard & Poor’s 500 index back into record territory. It was the second record-high... Read more

  • FILE - This Oct. 8, 2014 file photo shows a Wall Street address carved in the side of a building, in New York. U.S. financial markets were mixed in early trading Thursday, Nov. 20, 2014 as soft economic data out of China and Europe stoked concerns about a global slowdown. (AP Photo/Mark Lennihan, File)

    Wall Street Stock Indexes Edge Higher; Homebuilder Stocks Gain

    A pickup in U.S. home sales and figures showing a decline in weekly applications for unemployment benefits helped lift stocks in midday trading Thursday. Strong... Read more

  • A man uses a mobile phone in front of an electronic stock indicator of a securities firm in Tokyo, Thursday, Nov. 20, 2014. Asian stocks faltered Thursday as China's manufacturing weakened and the latest Fed minutes reminded investors that U.S. interest rates are likely to rise next year. Japan's Nikkei 225 closed at 17,300.86 Thursday. (AP Photo/Shizuo Kambayashi)

    Global Stocks Dragged Down by Weak China, Europe Data

    Global stock markets mostly fell Thursday following soft Chinese and European economic data and ahead of U.S. inflation figures. Keeping Score: In Europe, France’s CAC... Read more

  • A staff member counts money at a branch of the Bank of China in Lianyungang, Jiangsu Province of China. Increasingly, other currencies including the Canadian dollar will be taking the US dollar’s place in exchange for renminbi. (ChinaFotoPress/Getty Images)

    China’s Currency Gains Global Reach

    China is tirelessly working to promote the use of its currency, the renminbi, across the globe. It is making progress, even in North America.  Earlier... Read more

  • The Wall Street entrance of the New York Stock Exchange, Thursday, Oct. 2, 2014. World stock markets were lackluster Wednesday Nov. 19, 2014 as investors digested a fall in Chinese home prices and Japan's scramble to overcome its economic malaise. (AP Photo/Richard Drew)

    Wall Street Stocks Drop Ahead of Latest Fed News

    U.S. stock indexes inched lower in afternoon trading Wednesday, ahead of the release of minutes from the Federal Reserve’s most recent policy meeting. Investors hoped... Read more

  • Trader Sean Spain, center, works on the floor of the New York Stock Exchange, Tuesday, Nov. 18, 2014. Stocks moved higher in late afternoon trading Tuesday, on track to deliver a record-high close for the Dow Jones industrial average and Standard & Poor's 500 index. (AP Photo/Richard Drew)

    US Stock Index Notch Latest Records; Relief Over Japan

    Investors remained in a record-setting mood Tuesday, edging the Dow Jones industrial average and Standard & Poor’s 500 index to their latest all-time highs. Pharmaceutical... Read more

  • Traders gather at a post on the floor of the New York Stock Exchange, Tuesday, Nov. 18, 2014. Major US stocks opened higher on Tuesday, a day after the Standard & Poor's 500 index set its second record-high close in two days. (AP Photo/Richard Drew)

    US Stocks Get a Boost From Pharma Companies

    Stocks moved higher in late afternoon trading Tuesday, on track to deliver a record-high close for the Dow Jones industrial average and Standard & Poor’s... Read more

  • Specialists Michael O"Mara, left, and Michael Gagliano, work at their posts on the floor of the New York Stock Exchange Monday, Nov. 17, 2014. U.S. stocks are mostly lower in early trading following a sharp drop in Japan overnight. (AP Photo/Richard Drew)

    Wall Street Stocks Edge Lower Following Drop in Japan

    Japan’s slide into recession added to investors’ concerns over a slowing global economy, sending U.S. stocks slightly lower in midday trading Monday. The decline followed... Read more

  • FILE - This Oct. 8. 2014, file photo, shows a Wall Street address carved into the side of a building in New York. U.S. stocks are little changed, on Friday, Nov. 14, 2014, a day after the Dow Jones industrial average eked out another record high. Energy companies rose as the price of crude oil turned higher. (AP Photo/Mark Lennihan, File)

    Wall Street Stock Indexes Little Changed in Noon Trading

    NEW YORK—U.S. stocks wavered between small losses and gains on Friday, a day after the Dow Jones industrial average eked out another record high. Virgin... Read more

  • FILE - This May 11, 2007, file photo shows a Wall Street sign near the flag-draped facade of the New York Stock Exchange. Stocks are opening higher Thursday, Nov. 13, 2014, as traders welcome some more positive corporate earnings news. (AP Photo/Richard Drew, File)

    Wall Street Stock Trading Opens With Little Change

    NEW YORK—U.S. stocks are little changed a day after the Dow Jones industrial average eked out another record high. Virgin America rose 28 percent in... Read more

  • An Indian man looks at a digital display showing the rolling share price information on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, Thursday, Nov. 13, 2014. Global stocks were mostly higher Thursday after Japan reported a surprise rise in machinery orders as investors looked ahead to the latest U.S. employment and retail sales data. (AP Photo/Rajanish Kakade)

    Global Stocks Mostly Rise on Europe Growth Data

    LONDON—World stocks were mostly higher Friday after a report showed economic growth in the eurozone was slightly better than expected, though still sluggish by global... Read more

  • Specialist William Geer works at a post on the floor of the New York Stock Exchange on Oct. 16, 2014. (AP Photo/Richard Drew)

    Why Chinese Stocks Leave US Investors Vulnerable

    WASHINGTON—Something about the deal smelled fishy. China Marine Food Group Ltd., a Chinese company then on the New York Stock Exchange, spent $27 million in... Read more

  • Traders David O'Day (L) and Peter Tuchman (C) gather on the floor of the New York Stock Exchange on Oct. 31, 2014. US stocks ended October solidly higher, up 2.3 percent. The Dow Jones industrial average capped the rally by rising 195.10 points, or 1.1 percent, to end at 17,390.52 on Friday. (AP Photo/Richard Drew)

    US Stocks Close Higher as Dow Jones Hits Record

    NEW YORK—Stocks wavered between small gains and losses on Thursday to close little changed as traders weighed generally strong earnings reports against the falling fortunes... Read more

  • Tianhe Chief Executive Wei Xuan shows journalists a sample of one of the specialty chemicals the company manufactures at its 800,000 square meter Jinzhou plant in China on Oct. 24, 2014. The pitch to investors described the company on the verge of spectacular success. Tianhe Chemicals Group Ltd. boasted rock-bottom labor costs, unique manufacturing techniques and net profit margins triple those of competitors. (AP Photo/Erika Kinetz)

    Morgan Stanley Pushes Murky Chinese Stocks to Market

    WASHINGTON—The pitch to investors described a company on the verge of spectacular success: a Chinese firm making sophisticated, high-end chemicals used to fight fires, stain-proof... Read more

  • Specialists Paul Cosentino (L) and William Geer work at a post on the floor of the New York Stock Exchange, Thursday, Oct. 16, 2014. US stocks drifted between small gains and losses in late afternoon trading Thursday, struggling to remain in positive territory after a steep slide early in the day. (AP Photo/Richard Drew)

    US Stocks Flip Between Gains and Losses in Afternoon Trading

    NEW YORK—U.S. stocks wavered between small gains and losses in afternoon trading Thursday amid generally positive corporate earnings results. DreamWorks soared on a report that... Read more

  • Specialist Charles Boeddinghaus is reflected in one of his screens at his post on the floor of the New York Stock Exchange on April 28, 2014. The most widely used benchmark for investment funds, the Standard & Poor's 500 index, is up 104 percent since Ben Bernanke outlined QE2 in August 2010, powered by a stronger economy, higher spending and record corporate profits. (AP Photo/Richard Drew)

    US Stocks Edge Higher in Midday Trading as Latest Earnings Impress

    NEW YORK—Stocks are edging mostly higher as traders welcome more positive corporate earnings news. Media conglomerate Viacom rose 5 percent Thursday, the most in the... Read more

  • People are reflected on the electronic board of a securities firm in Tokyo, Thursday, Nov. 13, 2014. Asian stocks were subdued Thursday after Wall Street retreated following five days of record gains but Tokyo gained after a surprise rise in Japan's machinery orders. (AP Photo/Shizuo Kambayashi)

    Global Stock Markets Turn Lower on US Jobless Claims Data

    LONDON—Global stocks turned lower on Thursday after soft U.S. jobless claims figures and despite earlier gains in Asia. Wall Street was expected to open flat... Read more

  • The New York Stock Exchange in New York on July 15, 2013. Big banks led the market lower in early trading Wednesday, Nov. 12, 2014, pulling indexes down from record highs. Regulators in the US and Europe fined five major banks more than $3.4 billion for manipulating foreign-currency trading. (AP Photo/Mark Lennihan)

    A Deep Look at Foreign-Currency Markets Manipulation Scandal

    LONDON—Traders with nicknames like the “Three Musketeers” and the “A-Team” plotted over Internet chat rooms to manipulate currency markets for years, profiting at the expense... Read more

  • The New York Stock Exchange in New York on July 15, 2013. Big banks led the market lower in early trading Wednesday, Nov. 12, 2014, pulling indexes down from record highs. Regulators in the US and Europe fined five major banks more than $3 billion for manipulating foreign-currency trading. (AP Photo/Mark Lennihan)

    5 Major Banks Fined $3.4B for Manipulating Foreign-Currency Trading as US Stocks Edge Lower

    NEW YORK—Big banks weighed on the stock market Wednesday, tugging major indexes back from record highs. Regulators from the U.S., Switzerland and the U.K. fined... Read more

  • U.S. stocks dropped slightly from record levels on Tuesday, Nov. 11, 2014, as energy stocks continued to slump along with falling oil prices. (AP Photo/Richard Drew)

    Wall Street Stocks Open Lower as Oil Prices Slide

    NEW YORK—U.S. stocks dropped slightly from record levels on Tuesday, as energy stocks continued to slump along with falling oil prices. Keeping Score: The Standard... Read more

  • The exterior of Biyu at The Colours of Emerald City, a 13-storey mid-rise building that will have suites ranging from 506 square feet to 1,265 square feet with nine-foot ceilings, laminate flooring in principal rooms, and a choice of broadloom in the bedrooms. (Emerald City Developments)

    Emerald City Brings Big Changes to Don Mills and Sheppard

    Barbara Lawlor has been thrilled to witness the birth of ELAD Canada’s Emerald City. “It’s incredibly exciting to watch a new community come alive,” says... Read more

  • Tom Cruise's Telluride, Colo., home is on the market for $59 million. (Courtesy of Sotheby's International Realty)

    Tom Cruise Lists Mountain Estate in Telluride, Colorado for $59 Million

    Tom Cruise is looking to sell his estate in the mountains outside Telluride, Colorado, for $59 million, because he doesn’t have time to use the... Read more

  • George Cope, president and CEO of Bell Canada, speaks to local business leaders in Ottawa on Nov. 12, 2014 (Epoch Times)

    Economic Outlook Bright for Innovation-Driven Ottawa

    OTTAWA—The economic outlook is bright in the nation’s capital. Local business leaders gathered at the Ottawa Convention Centre on Wednesday, Nov. 12, for an update... Read more

  • 10dollarapartment

    Man Rents Manhattan Apartment for $10 a Month (Video)

    A median apartment in the West Village usually fetches several thousands of dollar per month in rent, but one clever guy managed to sign a... Read more

  • Fall foliage colors are covered with heavy wet snow in the Berkshire Mountains as a person walks along a road in Williamstown, Mass., on Oct. 30, 2011. (AP Photo/Pat Wellenbach)

    Search for the Perfect Vacation Home Leads to the Discovery of a Hidden Jewel in Williamstown, Mass.

    Thirty-five years ago, Lillian Gilden and her family were intrigued by the idea of designing and building a second home. She started on a quest... Read more

  • Tillary Street in Downtown Brooklyn, New York City on May 27. (Brendon Fallon/Epoch Times)

    Online Rental Listings: Renting the Light of Dead Stars

    The great French novelist Andre Schwarz-Bart once wrote, “Our eyes register the light of dead stars.” He was referring, of course, to the fact that... Read more

  • Artist's rendering of The Residences of 488 University Avenue, a 55-storey mixed-use project at the northwest corner of University Ave. and Dundas St. West in Toronto. (Amexon Development Corporation)

    The Residences of 488 University Avenue Boasts Prime Location, Ample Amenities

    The success of The Residences of 488 University Avenue by Amexon Development Corporation has exceeded the expectations of Jason Shiff, executive sales manager for the... Read more

  • VOX Condos, a 35-storey glass tower at 28 Wellesley St. East, will be completed by 2017. (Cresford Developments)

    Toronto’s VOX Condos Sells out in Three Days

    It didn’t take long for purchasers to buy up all the available suites for sale at VOX Condos, a new 35-storey glass tower by Cresford... Read more

  • A model apartment on the the 58th floor of One57.

    Inside Extell’s One57

    Extell Development’s One57 has been somewhat of a trendsetter, marking the start of glassy, super-luxury  high-rises on 57th Street and beyond.  First the obvious units... Read more

  • The iconic 5th Avenue clock in the Flatiron District of Manhattan. (Benjamin Chasteen/The Epoch Times)

    Flatiron, Increasingly Residential, Comes Into View

    NEW YORK—Flatiron is the kind of neighborhood where, once you step into it, everything seems to slow down just a bit. “It’s easy,” says Rebecca... Read more

  • Background: United States Federal Reserve Bank building in Washington, DC. (Shutterstock*) Top right: Dr. David Wyss. (Courtesy of David Wyss)

    Professor David Wyss on US Economic Recovery, QE, Housing

    Dr. David Wyss believes the Fed is “hitting it as hard as they can,” but the half-speed economic recovery is not only due to the... Read more

  • Brett Immel, senior partner at Growth Equity Group, at the World MoneyShow in Toronto on Oct. 17, 2014. (Epoch Times)

    Getting Back to Basics in US Real Estate Investing

    TORONTO—Investing successfully in U.S. real estate is increasingly about fundamental principles rather than capitalizing on existing opportunities that existed as the nation slowly started emerging... Read more

  • A single family home in Toronto, one of the three cities, along with Calgary and Vancouver, that make it seem as though Canada's housing market is overvalued. (Epoch Times)

    Canada’s Housing ‘Dual Market’ Poses Difficult Policymaker Challenge

    Canada’s housing market has cooled off slightly from this summer, but regional disparities make one-size-fits-all approaches to controlling it difficult. The Canadian Real Estate Association... Read more

  • Roger Federer of Switzerland returns a shot during his final match against Gilles Simon of France during the day 8 of the Shanghai Rolex Masters at the Qi Zhong Tennis Centre, Shanghai, China on Oct 12.  (Zhong Zhi/Getty Images)

    Federer Wins the Shanghai Masters

    SHANGHAI—Tennis fans around the world witnessed some spectacular tennis at the ATP Shanghai Rolex Masters. Eighteen players from the world top 20 were in the... Read more

  • Chinese Premier Li Keqiang speaks at a news conference with German Chancellor Angela Merkel during German-Chinese government consultations on Oct. 10, 2014 in Berlin, Germany. Premier Li has reiterated the support of the Chinese authorities for “one country two systems” policy in Hong Kong. (Adam Berry/Getty Images)

    Chinese State-run Media Mum on China Premier Li Keqiang’s Views on Hong Kong Pro-Democracy Umbrella Movement

    While Chinese Premier Li Keqiang was on a three-day visit to Germany, he made a significant statement about the political situation in Hong Kong. Somehow... Read more

  • In2ition: (L-R) Liana Pronio, Director of Sales, Lysha DeFreitas, Director of Operations, Jackie Pezer-Lilic, Director of Design Services, Debbie Cosic, CEO & Founder, Vesna Sola, Director of Sales.

    In2ition: Powerful Women of Canadian Real Estate

    Real estate is an industry where Canadian women have carved out a strong presence. Traditionally, female consumers have made the final decision on home choice,... Read more

  • Women of Baker Real Estate: (L-R) Krista Jackson, Barbara Lawlor (President), Kathy Grant, Kimberly Crescini.

    Baker Real Estate: Successful Women in Toronto Real Estate

    Great leaders create a culture of success in their organizations. In Canada, many of our corporate leaders are men. What kind of environment do successful... Read more

  • To be a successful real estate investor, you need a clear idea of the right strategies and objectives that are appropriate for your situation. (Fotolia)

    Six Considerations Before Starting to Invest in Real Estate

    Before you dive headfirst into real estate investing, there are a number of things you need to think about. Real estate investing is not just... Read more

  • What if subprime mortgages made a comeback?

    The United States subprime mortgage crisis was an extraordinary event that coincided with the recession in 2007. The catastrophic results triggered a significant decline in... Read more

  • In this file photo, Alicia Glen, MayorBill de Blasio's pick for Deputy Mayor for Housing and Economic Development, speaks to reporters in Brooklyn, New York, Monday Dec. 23, 2013. (Shenghua Sung)

    Brooklyn Front and Center in NYC’s Housing Strategy

    NEW YORK—Since Downtown Brooklyn was rezoned a decade ago, the ripple effect of the entrepreneurial spirit that flooded into the borough has turned Brooklyn into... Read more


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