Spending wisely is key to happier holidays

As long as we are doing it this year, why not do it always?
"This year, it all comes down to value and getting the best bang for your shopping dollar," said Tod Marks, senior editor of Consumer Reports.
He was referring to a survey by the magazine showing nearly two-thirds of Americans […]

Japan Prices Fall 2.2%, Reinforcing Deflation Concern

Japan’s consumer prices fell at a near record pace in October, reinforcing the government’s concern that deflation will hamper the economy’s recovery from its worst postwar recession.
Prices excluding fresh food slid 2.2 percent from a year earlier after dropping a 2.3 percent in September, the statistics bureau said today in Tokyo. That matched […]

Bombardier to lay off 715 workers in Montreal

MONTREAL–Bombardier Aerospace says it will lay off an additional 715 workers in its Montreal-area facilities as it reduces production of its CRJ regional jets.
The company says a tough economic and airline industry environment make it difficult to gain new aircraft orders. Executives have been warning of cuts to the company's workforce for some […]

Initial jobless claims down in Ohio, U.S.

The number of people making initial claims for unemployment payments fell in the week ending Nov. 21, the U.S. Labor Department reported Wednesday.
The advance figure for seasonally adjusted claims was 466,000, down from 501,000 in the week ended Nov. 14, according to a news release.
The total number of U.S. citizens receiving unemployment benefits as of […]

Giving gifts to customers can build your business

Small-business owners with cash flow problems might be tempted during yet another difficult holiday season to forgo gifts for clients or customers. Many look at gifts as budget items that just aren’t critical.
There’s another, bigger-picture way to look at business giving. Gifts selected with care convey to customers how important they are, and […]

Utility generates earnings

Ontario Power Generation Inc. had a $259 million profit in its latest quarter, although the provincial Crown corporation continued to feel the impact of reduced demand for electricity.
The profit for the three months ended Sept. 30 was an improvement on the $142 million net loss for the same period of 2008.
However, OPG said […]

Wal-Mart cuts money transfer fees for holidays

Wal-Mart Stores Inc, which has already cut prices on everything from toys to turkeys to TVs to win holiday shoppers, is now reducing the price it charges for money transfers.
Through January 31, U.S. Wal-Mart stores will charge customers a $7 fee to send up to $200 anywhere in the United States or abroad. Previously, […]

China Faces Asset-Bubble Risk, PBOC Adviser Fan Says

China is among the emerging markets facing risks of property and commodity market bubbles, central bank adviser Fan Gang said, joining officials from the region in expressing concern about surging asset prices.
“The real risk is really asset bubbles,” Fan, who heads the National Institute of Economic Research, said at a business conference in […]

Fortinet boosts size of IPO to up to $137.5M

Fortinet Inc. said Monday that it well sell 12.5 million shares in its initial public offering this week instead of the 12 million originally planned.
That raises the total value of the offering to up to $137.5 million at the expected initial price of between $9 and $11.
The change is entirely in the number of insider […]

EADS stays cautious on FY after Q3 dip

EADS unveiled a 77 percent drop in third-quarter core earnings on Monday, as it battled a downturn in civil aviation and damaging delays to its A400M program.
Europe’s largest aerospace group said earnings before interest and tax (EBIT), or operating income before impairments and certain exceptional items, fell to 201 million euros.
Analysts polled by Reuters […]