IBT Staff Reporter

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Canada outshines U.S. with stunning jobs growth

Canada churned out a stunning 60,900 jobs in September, once again outshining the United States with an economy that is humming along even as other rich nations struggle with debt and slumping confidence.

Sony to be Sony Ericsson owner in six months: poll

Analysts see a strong chance that Japanese consumer electronics giant Sony <6758.T> will succeed in buying out its joint-venture partner in mobile phone handset maker Sony Ericsson in the next half-year for around 10.6 billion Swedish crowns ($1.5 billion).

Fed's Fisher worried about jobs, not inflation

The most urgent threat to the U.S. economy is joblessness, not inflation, but there is little more the Federal Reserve can do to help, a top Fed official, known for his hawkish views on inflation, said on Friday.

Oshkosh, UAW reach tentative agreement on contract

Defense contractor Oshkosh Corp and the United Auto Workers union reached tentative agreement on a new five-year contract late Thursday night after resolving issues related to hiring temporary workers, a local UAW official said.

Ontario Liberals win third straight term in office

Ontario Liberals scored a third straight victory in a provincial election in Canada's economic center on Thursday, but fell one seat short of a majority and will need support from opposition legislators to stay in power.

Netflix strikes expanded agreement with AMC

Netflix and AMC Networks Inc have signed an expanded licensing agreement that gives the popular streaming video service exclusive rights in the United States and Canada to the hit show The Walking Dead.

Payrolls rise in September, jobless rate steady

Employers hired more workers than expected in September and job gains for the prior months were revised higher, according to a report on Friday that eased fears the economy was heading into recession.

Wall Street Flat after 3-Day Rally

Stocks were little changed on Friday following a three-day rally after more jobs were created than expected in September, helping to ease concerns the economy was heading back into recession.

Exclusive: Gold to stay strong, top performing funds say

Gold will stay strong due to a lack of alternative havens for investors operating in a slowing global economy, top performing commodity fund managers told Reuters after taking a defensive approach and going into cash during September's gold sell off.

Wall Street set to jump after payrolls data

Stocks were set to open higher on Friday, extending a three-day rally after more jobs were created than expected in September, helping to ease concerns the economy was heading back into recession.

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