Business

November 29, 2011

Stocks rally on robust Black Friday sales

U.S. stocks posted sharp gains Monday, following reports of strong Black Friday weekend sales and amid optimism that European leaders may be working toward a solution to the continent's debt crisis. The Dow Jones industrial average (INDU) soared…

November 27, 2011

Cyber Monday outlook: big deals, record sales

Analysts are expecting an abundance of deals to bring in record online sales this…

November 27, 2011

Oil near US$97 a barrel

Oil rose yesterday in post-holiday, low-volume trading, but was down slightly for the week. The benchmark for crude oil in the US rose 60 cents to settle at US$96.77. It dropped US$1.84 on Wednesday, before markets in the US were closed for the…

November 27, 2011

Hungary’s debt downgraded by Moody’s to junk status

Moody's has cut its rating of Hungarian government debt to junk status. The ratings agency blamed Hungary's high levels of debt and weak prospects for growth, as well as uncertainty about whether the government can achieve its goals for the…

November 27, 2011

Scotiabank gives $1.2m to Salvation Army Kettle Appeal

The Salvation Army's 2011 Christmas Kettle Appeal has received a $1.2 million jump-start towards its $12-million target from an associated partner, Bank of Nova Scotia (Scotiabank). Michael Shaw, district vice-president for Scotiabank's northern…

November 27, 2011

Black Friday sales hit record, says report

Preliminary reports for Black Friday indicate that retailers may have seen their strongest sales ever during the all-important kick-off to the holiday shopping season. Retail sales on Black Friday climbed 6.6% this year to an estimated $11.4…

November 25, 2011

France and Germany plan changes to EU treaties

Germany's Angela Merkel and France's Nicolas Sarkozy are to propose modifications to EU…

November 25, 2011

AT&T and T-Mobile USA withdraw merger application

US telecoms giant AT&T and Deutsche Telekom have cast doubt over the $39bn (£25bn) sale of T-Mobile USA by withdrawing their merger application to the industry regulator. AT&T also said it would include a $4bn charge in its fourth-quarter…

November 25, 2011

Barbados steps up business competitiveness with free Wi-Fi

The vision of Barbados as a 24-hour work hub has moved closer to reality as the Barbados Entrepreneurship Foundation (BEF) reports that almost 60 per cent of the island is now wireless fidelity (Wi-Fi) accessible. This was the position achieved…

November 25, 2011

N&M CEO warns business sector: T&T in for ‘a storm’

Gervase Warner president and group chief executive officer of Neal and Massy Holdings Ltd is warning all businessmen to get their act together as the country is in for more troubled times. Describing the troubling time ahead as “a storm,” Warner…