COMPANIES

Q&A on RIM's secretive BlackBerry network

Blackberry Bold 9900
Research in Motion is blaming technical problems in its highly secretive communications network for a three-day disruption in service to millions of BlackBerry users around the globe.

Peanut Butter Prices to Skyrocket at Supermarkets Nationwide this Fall

Peter pan peanut butter
Thanks to a hot summer which devastated the peanut crop, peanut butter prices are set to inevitably skyrocket this fall at supermarkets nationwide, and possibly even double. Looks like November, which is National Peanut Butter Lover’s Month according to Chase’s Calendar of Events published by McGraw-Hill, will be pretty costly for consumers.
Air Canada, union offer conflicting strike messages

Air Canada, union offer conflicting strike messages

The government, Air Canada and one of its unions sent out conflicting signals on Wednesday on the chance of an Air Canada strike, prompting mass confusion from travelers booked to fly on the country's largest airline.
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US Takes Action Against Execs of Failed Calif. Bank

Two former executives of a bank that received a $300 million federal bailout before its collapse during the financial crisis are facing criminal and civil fraud charges for their role in trying to conceal loan losses.
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BoA-ML, TerraPass in California CO2 Offset Deal

Bank of America Merrill Lynch has joined forces with U.S.-based carbon portfolio manager TerraPass Inc in a bid to enter the nascent Californian emissions market, the bank said on Tuesday.
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Clean Diesel sees Q3 rev above estimates, shares jump

Clean Diesel Technologies Inc forecast third-quarter revenue above Wall Street expectations, helped by a 50 percent jump in sales at its heavy duty diesel systems unit (HDD), sending the emission control systems maker's shares up 33 percent.
Housing starts jump in September: CMHC

Housing starts jump in September: CMHC

Canadian housing starts jumped much more than expected in September, helped by a surge in the condominium sector, suggesting Canada's property boom stayed intact last month and should help the economy avert recession.
Tributes to the late Steve Jobs are left outside the Apple Store in London

Sony Intends to Make a Biopic on Steve Jobs

Sony is negotiating for the movie rights to the Steve Jobs' biography, the only authorized biography on Jobs. If Sony succeeds, the movie would like to be released late next year or the year after next.
WORKER ENTERS KODAK CORPORATE HEADQUARTERS IN ROCHESTER NEW YORK.

New Bankruptcy Ripples may Emerge in Tough Economy

Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.
A customer uses an automated teller machine at the headquarters of the Korea Exchange Bank in Seoul

Hana Willing to Renegotiate $4.1 Billion KEB Deal

Hana Financial Group is willing to renegotiate its agreed $4.1 billion deal to buy Korea Exchange Bank from Lone Star , should the U.S. fund decide not to appeal a court verdict against it, Hana's chairman said on Tuesday.
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Abound Solar names new CEO

U.S. solar startup Abound Solar said its chief executive will step down from that post for family reasons and become chairman.
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DVDs stay on Netflix website, Qwikster name dropped

Netflix Inc reversed an unpopular decision to put its DVD video rental business on a separate website and rename it Qwikster, saying both DVD and online streaming services will stay on the same website.
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Netflix Blinks: Abandons Separate Qwikster Service

Less than a month after renaming its physical DVD service Qwikster and separating it from the core Netflix brand, Netflix has reversed course, announcing that both the streaming and DVD services will operate from the Netflix website.
A sign is shown at the headquarters of Netflix in Los Gatos, California

Netflix reverses unpopular Qwikster DVD plan

Netflix Inc Chief Executive Reed Hastings reversed an unpopular decision to separate his company's DVD rental business and online video streaming service, sending the stock up 7 percent in early trading.
Shareholders

Firm Urges Investors to Remove News Corp. Directors

Proxy Advisory firm Glass Lewis & Co. has told shareholders of News Corporation that they should vote against six directors, including Chairman and CEO Rupert Murdoch's sons James and Lachlan, for re-election to the company board.
Starbucks CEO Howard Schultz

Starbucks close to cafe JV with Tata Coffee

Starbucks Corp is finalising an equity joint venture with Tata Coffee Ltd for opening coffee shops in Asia's third-largest economy, the Times of India reported on Monday.
U.S. Housing Sector

Home Prices: 5 Questions You Must Ask Before Buying a U.S. Home

Incredibly, U.S. home mortgage rates continue to trend lower -- the average 30-year, fixed rate is now 4.07 percent, and they could drop even lower. Still, given soft home prices, jumping into the housing market is hardly a slam-dunk no-brainer, and here are five factors to consider before buying a home.

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