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October building permits unexpectedly jump

October building permits unexpectedly jump

The value of Canadian building permits unexpectedly soared by 11.9 percent in October from September, as strength in the populous province of Ontario helped end three consecutive monthly falls, Statscan data indicated on Tuesday.

Bank of Canada holds rates, cites deeper euro crisis

The Bank of Canada kept its overnight interest rate at 1 percent on Tuesday, as expected, and gave no suggestion of an impending rate cut even though its view of the European debt crisis has clearly darkened.

Gilt Chairman Susan Lyne shares upside to failure

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Susan Lyne, chairman of Gilt Groupe, Inc. and former president of ABC Entertainment, talked about learning from failure and adjusting to digital realities during TheWrap's third-annual Power Women breakfast Monday morning at the Hotel Bel-Air.
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Financial Stocks End Strange Day on Odd Note

A strange and winding day for the shares of major U.S. financial companies ended as oddly as it began, as shares of major U.S. banks seemed to brush off bad news on sovereign debt ratings that rattled the wider market and shares of five of the biggest financial institutions traded on the New York Stock Exchange ended the session on a sell imbalance.
WestJet warns later bookings to hold back revenue

WestJet warns later bookings to hold back revenue

WestJet Airlines Ltd, Canada's No. 2 airline, said on Monday its flights in November were not as full as a year earlier and warned delayed holiday bookings would hold back a revenue benchmark in the current quarter.
HSBC

HSBC Faces Record Fine for ill-advising the Elderly

Europe's largest bank is facing a record fine of 10.5 million pounds ($16.4 million) for inappropriately advising over 2,000 elderly customers about bond investment between 2005 and 2010.The bank is also likely to pay another 29.3 million pounds in compensation to victims, according to Reuters.
eBay Inc.

EBay Shares Rise on 'Strong Buy'

EBay (NASDAQ: EBAY) was trading up $1.23, or 4.19 percent, to $30.83 before noon Eastern Time on Monday, in large part because of the report from Kessler. He said he expects this quarter to deliver solid results for eBay in ints marketplace division and PayPal, another division of eBay.
Ocean Parkway

Crimes of New York: Into the Mind of the Long Island Serial Killer

Police officials believe they are dealing with a single serial killer who will murder again. Without a physical description or any reliable leads, it has become difficult for police to make headway in the case. In situations like these, police officials turn to criminal forensic psychologist and criminal profilers.
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Coke Says Child's Death in China Not Linked to Product

Coca-Cola Co. defended on Friday the safety of its yogurt drinks sold in northern China, denying there was any link to the death of a child or the illness of three other people who had consumed the drinks, but said it removed the product from shelves in a precautionary move.
The MetLife building is seen in New York

MetLife sees 2012 growth, going back to Fed soon

MetLife expects operating earnings to rise as much as 7 percent in 2012, the largest life insurer in the United States said on Monday, though its forecasts for the fourth quarter and full-year 2011 were below expectations.
Dell

Sell HP, Buy Dell: Analyst

Deutsche Bank continues to recommend investors to buy into Dell, Inc. (NASDAQ: DELL) and sell Hewlett-Packard, Co. (NYSE: HPQ), saying HP was expensive, compared to Dell on Enterprise Value (EV) and Free Cash Flow (FCF) metrics.
Shareholders arrive for the SAP group general shareholder assembly in Mannheim

SAP to buy SuccessFactors for $3.4 Billion

Germany's SAP announced a $3.4 billion cash deal to buy U.S. Web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses.
Is Thrillist's Ben Lerer Silicon Alley's Original Rockstar?

New York Web: Is Thrillist’s Ben Lerer Silicon Alley’s Original Rockstar?

Rockstar entrepreneurs. That's what Internet startups are made of, and I'm sitting across from one of New York's first, Ben Lerer. Seven years ago, Lerer and his college friend Adam Rich started a men's lifestyle brand, Thrillist, born from an idea and $7 domain name. Fast-forward to today: Thrillist is reaching more than four million subscribers daily. It's an astounding number, especially for a city guide email, and Lerer, current CEO of Thrillist, looks back on the company's...
File photo of Lehman Brothers booth on the trading floor of the New York Stock Exchange

Bankrupt Lehman Brothers Close to Naming New Board: Report

Citing people familiar with the matter, The Wall Street Journal said the new Lehman board will be made up of seven experts in restructuring, real estate and derivatives but they don't have ties with Lehman. They'll reportedly oversee liquidation of billions of dollars in assets so that money can be dispensed among Lehman's many creditors.
GNH

Final MLR Rule Will Help Health Insurers Avoid Taxes

The Centers for Medicare and Medicaid Services issued its final rule on the minimum Medical Loss Ratio (MLR) regulation, including relatively minor technical adjustments and preserving the spirit of the regulation by requiring health plans to spend 80 to 85 percent of premiums on medical costs.

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