N.Z. Manufacturing Sales Increase Most in 7 Years

New Zealand manufacturing sales increased the most in more than seven years in the fourth quarter, led by higher production in the meat industry.
Sales volumes adjusted to remove inflation rose 3.1 percent from the previous three months, when they fell a revised 1.7 percent, Statistics New Zealand said in a statement in Wellington […]

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Obama Seeks to Channel Reagan as Democrats Prepare for Election

President Barack Obama’s politics may be drawing inspiration from an unlikely source: Ronald Reagan.
The late Republican president may become Democrat Obama’s most relevant role model as the U.S. economic and political climate mirrors Reagan’s first term, which began in 1981.
While Republicans suffered losses in the congressional elections of 1982, the economy began […]

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Yahoo sides with Google over China cyber attack

Yahoo Inc. gave its support to rival Google Inc. Wednesday, denouncing an alleged cyber attack originating in China against Google’s network infrastructure.
"We condemn any attempts to infiltrate company networks to obtain user information," a Yahoo representative said in an e-mail statement. "We stand aligned with Google that these kinds of attacks are deeply disturbing […]

TSX higher on commodities

The Toronto stock market built on the solid gains of the previous session Tuesday morning thanks to a small upswing among mining stocks.
The S&P/TSX composite index was up 36.3 points to 11,903.2 after strong manufacturing data from the U.S. and China raised commodity prices and lifted the main index 121 points.
The Canadian dollar […]

Daw: Seven of 10 robot picks beat market

If only robots could skip, click heels or cock their elbows like celebrating hockey players. Surely our robotic stock selection tool would be that animated after posting such a great year.
Ten stocks a robotic or automated filtering technique helped us choose for 2009 would have turned a million dollars into $1.685 million, if we hadn’t […]

Google may help publishers

In a move that could help improve relations between Google Inc. and the media industry, the Internet search company is offering publishers a way to build more solid "pay walls" around their online stories while still appearing in search results.
In an official blog post Tuesday, Google said it will let publishers limit […]

Lambert to ink $40 million cargo development deal

St. Louis airport officials have been working for four years on a plan to develop new cargo facilities on the north side of Lambert-St. Louis International Airport.
Today, they expect to make that plan official.
At its meeting this afternoon, the Airport Commission is set to vote on a deal to redevelop 76 acres […]

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 […]

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 […]