GICs are safe, but don’t expect much

Investing in guaranteed investment certificates, or GICs, has been the safe choice ever since registered retirement savings plans became available in 1957.
But investment professionals say […]

Sberbank sounds note of caution on Opel deal

MOSCOW–Russian lender Sberbank warned Friday that a deal to buy Opel with Canada's Magna International Inc. could still fall through as a deadline to […]

Capital markets save dealmakers’ fees as M&A wilts

Dealmakers saw business pick up again in the second quarter as they helped companies raise cash in capital markets, but lucrative mergers and acquisitions […]

San Luis demolition plans move forward

Plans to demolish the vacant San Luis apartments moved ahead after the Archdiocese of St. Louis overcame objections to replacement of the 11-story Central […]

Toyota confirms Akio Toyoda as new president

Toyota Motor Corp confirmed Akio Toyoda as its new president on Tuesday, promoting the grandson of the company’s founder to guide the world’s No.1 […]

If you’re hungry for risk, emerging markets are on the menu

Emerging markets are like those giant slices of double-mud chocolate-brownie cake offered to you by restaurant servers at the end of your meal.
[…]

Unemployment of 10% Spreads, Risking U.S. Recovery

More than one-quarter of American states now have unemployment rates higher than 10 percent, and all but two saw a further job-market deterioration in […]

Germany Backs Curbs on Manager Pay Going Beyond U.S. Proposals

Chancellor Angela Merkel’s coalition voted through a law to curb manager pay at public companies in Germany, riling executives with a package of measures […]

Housing starts ratchet up in May

The nation’s builders boosted their production in May, starting new housing units at an annualized rate of 532,000, up 17.2% from the revised estimate […]

Obama to offer broad market overhaul

President Obama will release details on Wednesday of his proposed overhaul of how the government oversees banks and financial companies.
The aim is to […]