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Thursday, October 30, 2008

TOP STORIES

Ottawa shuns 'misguided' bids to balance federal budget

Acknowledging worsening financial woe, Finance Minister vows not to force a surplus

Loonie soars as U.S. dollar falls

Canadian dollar rises more than 2 U.S. cents from Wednesday's close

Exxon Mobil profit hits record $14.83-billion

Oil company's results also set record for U.S. corporations

Fed almost out of ammo

Plus: Evergreen Capital shuts down

Would you like a loan with that copier?

With banks turning off the spigots, HP becomes a financier to smaller tech companies

No amount of lipstick can save these pigs

In many ways these weren't hedge funds, they were sector funds


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Canadian Business

MDA profit falls, layoffs begin

Company cutting jobs because of weak housing markets in U.S., Britain

Evergreen Capital closes doors

Brokerage to cease operations immediately, IIROC says

CPPIB set to bargain-hunt for real estate

Canada Pension Plan Investment Board sets aside $1.4-billion for acquisitions in U.S., U.K. markets

Derivatives fees strengthen TMX profit

Group is in the middle of a price war with new stock markets that are popping up, which is keeping profit growth in check

Maple Leaf pushed to loss by listeria crisis

Meat division hurt as the food company suspended some operations

Restructuring erodes BCE profit

Canada's biggest phone company earned $248-million in third quarter, loss of residential phones continues to hurt

CIBC facing second overtime lawsuit

$360-million class action claims investment bankers, other employees regularly work overtime without getting paid

Energy & Resources

Oil rises on weak U.S. dollar

Fed rate cut strengthens sentiment that energy demand could recover swiftly

Copper down on higher stocks as demand fears return

Metals rises 3.5 per cent and then drops 5 per cent in volatile trading

Shell delays oil sand decision

CEO declines to say whether capital expenditure will be cut next year

Gold rises to one-week high

Despite gains, precious metal is on track for worst month since 1983

Agnico-Eagle profit helped by currency gain

Miner posts third-quarter earnings of $14-million

International Business

Newell Rubbermaid profit falls 65 per cent

Household products maker cuts forecast for fourth quarter

Deutsche Bank strikes downbeat note as trading slides

Bank dodges loss, thanks to new accounting rules; CEO signals dividend cut

Mitsubishi Motors, Mazda book profits

Both carmakers revise earnings forecasts lower for full year

Delta completes Northwest deal

$2.8-billion acquisition creates world's largest airline; companies to integrate over next 18 months

Visa posts slimmer quarterly loss

Adjusted results top expectations, but credit card company warns of weakness ahead

Investing

Large and late: Markets are real swingers

Liquidity woes, collapse of Lehman Brothers continue to take a toll

QTrade retains crown

The Globe and Mail's annual ranking of online brokerages

European stocks up after Dow surge

Japan's market the best performer with 7.7 per cent gain

Stock superstars share their wealth of knowledge

"They all have the confidence to follow through, to find the best ideas and go really big on them"

Technology

CRTC decision could expand choice – and cost

Federal regulator expected to make significant changes in television industry review handed down Thursday

BlackBerry fund picks top three

$150-million venture chooses from 3,000 applicants seeking backing for BlackBerry applications

Sony profit plunges 72 per cent on strong yen

Predicts poor holiday-season performance

There's trouble in mobile game land

Nokia's gaming head is gloomy on sales outlook; ‘We expect challenging times to continue'

Flat screen TV demand helps Corning results

Sales edged up to $1.56-billion

Toshiba posts quarterly loss on lower chip prices

Company blamed an appreciating yen and steeper-than-expected price declines for NAND flash memory

Managing

Talking Management: Managing amid turbulence

Karl Moore talks to noted author Henry Mintzberg

Strategy: How to succeed during the hurricane

Be nimble, be quick, be creative

Tough times don't last, but smart teams do

Plus: Tips for keeping your best people

Weekend Workout: How to navigate the job fair maze

Some are set up to troll for candidates, while others seem to have more of a marketing function for companies

Yesterdays Markets

Index Change Value
Thu Oct 30 08:23:17 EDT 2008
S&P/TSX +349.93 9501.56
DJIA -74.16 8990.96
S&P 500 -10.42 930.09
Nasdaq +7.74 1657.21
Venture +41.38 858.32

Commodities and Bonds

Index Change Value
Thu Oct 30 08:23:17 EDT 2008
Gold (NY) +13.50 754.00
Oil (NY) +4.77 67.50
CRB Index +15.32 274.34
30 yr Can. +.07 4.27
30 yr U.S. +.06 4.23

Currencies

More Foreign Exchange Rates and News
CDN$ buys
US$ +.0367 .8163
Yen +3.3900 79.4900
Euro +.0170 .6309
US$ buys
CDN$ -.0577 1.2250
Yen -.2400 97.3800
Euro -.0145 .7729

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