The Canadian Press June 30, 2008 - 7:47 a.m. OTTAWA - High commodity prices are covering up Canada's transgression socio-economic performance relative to other advanced countries, the Conference Board of Canada says. "We appear to be riding high directly to global demand for our resources, but this is not a sustainable course for our country," the think-tank's president, Anne Golden, stated Monday. Citing a "ill success to innovate," Golden uttered Canada is losing ground to other countries that better exploit their ...
Higher tax returns, sale of mortgage arm help H&R Block swing to 4Q profit
Jun 30 2008
David Twiddy June 30, 2008 - 07:18 a.m. KANSAS CITY, Mo. (AP) - H&R Block Inc., the nation's largest tax preparer, said Monday it swung to a fourth-quarter gain, helped by a record-setting tax season and the sale of its troubled mortgage furnish. The Kansas City-based company earned $543.6 million, or $1.66 by means of share, in the three months ended April 30 compared with a loss of $85.6 million, or 26 cents per share, during ...
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Stocks head for moderately lower open as oil tops $143; investors await manufacturing data
Jun 30 2008
Tim Paradis June 30, 2008 - 07:39 a.m. NEW YORK (AP) - Stocks headed for a moderately lower open Monday as oil prices set a new commercial record and investors awaited a regional manufacturing reading for hints about to what the market might be headed after last week's steep sell-off. Light, sweet crude traded above $143 per barrel for the first time early Monday before pulling back and trading up $2.11 at $142.32 in ...
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France Telecom drops 27-billion-euro takeover bid for TeliaSonera
Jun 30 2008
The Associated Press June 30, 2008 - 7:54 a.m. PARIS - France Telecom said Monday it has withdrawn its proposal for a 27-billion-euro (C$42-billion) takeover bid for TeliaSonera, which would have created Europe's largest telecommunications company. France Telecom stated that "the dialogue opened with the board of directors of TeliaSonera was impotent to reach agreement forward its monetary conditions." It also said the tie-up was "not essential to the pursuit of its strategy." A merger would have ...
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Steel magnate Lakshmi Mittal joins Goldman Sachs board
Jun 30 2008
The Associated Press June 29, 2008 - 10:49 p.m. NEW YORK - Goldman Sachs Group Inc. said Sunday that billionaire steel magnate Lakshmi Mittal has been elected being of the kind which an unrestricted director at the world's largest investing. bank. Mittal, who is chairman and chief executory of the world's largest steel producer, ArcelorMittal SA, joined Goldman Sachs' 13-member board Saturday and will serve on its audit, compensation and corporate governance and nominating committees. "Lakshmi Mittal has reshaped a global ...
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