Funds find value in bombed-out MBS market

Asset managers who bought into the bombed-out mortgage-backed securities (MBS) market after the subprime implosion are hoping that their patience will be rewarded now […]

EnCana operating profit, production up

CALGARY–EnCana Corp. has booked third-quarter net earnings of US$3.55 billion, up from $934 million a year ago largely thanks to a $2-billion unrealized hedging […]

Ottawa posts $1.7B deficit in August

OTTAWA–The federal government posted a $1.7-billion deficit in August – a signal that Ottawa may have difficulty balancing its books this year.
The monthly […]

Strike snarls Boeing future

SEATTLE — Negotiations that begin today to end a machinists union strike that has shut down commercial aircraft factories at Boeing Co. have gained […]

Luxury goods expected to slow in 2009

The luxury goods market is expected to see slowing growth this year and a possible downturn in 2009 as the global crisis and weaker […]

South Korea's Won, Stocks Gain on $130 Billion Financial Rescue

South Korea's won and stocks rose after the government announced Asia's biggest financial rescue package to open access to overseas credit markets and allay […]

Luxury goods industry ready for hard times

CRAMANT, France–Savouring a rustic lunch of tuna salad, veal stew and red wine, Benoit Gouez, chief vintner at Champagne house Moet & Chandon, took […]

Sarkozy, Merkel Call for Joint Action by Europeans

The leaders of France and Germany renewed calls for joint action by European governments to tackle the financial crisis, saying the 15 nations that […]

Citi drops out of Wachovia talks

Wells Fargo & Co. has apparently won the battle for Wachovia Corp.
Citigroup Inc. has withdrawn from negotiations brokered by federal regulators that sought a compromise […]

Nations rush to prop up financial institutions

Stocks around the globe plunged again Tuesday as central bankers around the world rushed to bolster deteriorating financial institutions and restore lending to companies […]