Business and Finance news

The majority owner of the Maple Leafs says it rejected

South Korea’s main opposition party said Wednesday it will not support a free trade deal with the United States unless a key sticking point is addressed, dimming prospects for a quick approval.
President Barack Obama signed off on the deal after congressional approval last month. But South Korea’s opposition lawmakers have refused to ratify the deal, […]

His legacy tarnished and his hopes of clinging to power dashed, Silvio Berlusconi faces daunting legal and financial challenges now that he has left office and the prospect of life outside the international spotlight.
He has vowed he won’t run again for office, though few expect he’ll abandon Italian politics for good. Berlusconi himself has already […]

A spokesman says business is back to normal at the Warsaw’s Frederic Chopin airport, which shut down for some 30 hours after a plane was forced to land on its belly because its landing gear failed.
Przemyslaw Przybylski said Thursday that both runways were in use and that there was no damage to the runway used […]

Stocks edged between small gains and losses Friday afternoon as traders scrutinized a plan to contain Europe’s debt crisis that sent the market soaring a day earlier.
The Dow Jones industrial average ended up nearly 23 points at 12,231. The Dow surged 339 points the day before, its biggest gain since Aug. 11. The Dow is […]

EU finance ministers neared agreement Saturday on forcing banks to raise just over euro100 billion ($140 billion) to make sure they have enough reserves to weather further losses on their Greek debt holdings and market turmoil, a European official said.
Finance ministers from the 17 nations that use the euro decided Friday that banks must take […]

The protesters at the heart of the Occupy Wall Street movement were planning a day of rest Sunday, a day after rallies across the globe drew thousands who marched and chanted and, in some cases, grew violent.
In New York City, the group that insists on being leaderless had nothing on its agenda save its nightly […]

MONTREAL

Revolutionary fighters are shelling Moammar Gadhafi’s hometown of Sirte ahead of a renewed push on the city, one of the last bastions of support for the fugitive leader.
Anti-Gadhafi forces have pushed to within less than half a mile (kilometer) from loyalist fighters dug in around the Ouagadougou conference center and Green Square in the heart […]

Stocks are closing sharply higher for a third straight day after U.S. retailers reported stronger September sales and the European Central Bank moved to support that region’s lenders.
Target, Nordstrom, Macy’s and other retailers reported sales that beat Wall Street’s expectations. Analysts said the results suggested the U.S. was not in another recession.
In Europe, investors cheered […]