Canadian Retailers To Offer Large Holiday Discounts To Counter Weak Consumer Confidence

AHN Staff Toronto, Ontario (AHN) - With barely a month to the holidays and sales in malls and department stores still slow, Canadian retailers will offer large discounts to counter the weak consumer confidence.Wal-Mart Canada said it will drop...

Flaherty To Issue Credit, Debit Card Code Of Conduct

AHN Staff Ottawa (AHN) - Canadian Finance Minister Jim Flaherty released on Thursday a proposed code of conduct for the credit and debit card industry in the country. The code is based on discussion with merchants and consumer association in...

European Stocks Extend Declines Into Fourth Day

Melvin Baker - AHN Reporter London, UK (AHN) - European stocks were down overall on Friday. The four-day losing streak was the longest decline for the Continent's regional indices in four months.The Dow Jones Stoxx 600 Index slipped 2...

Bill Would Restrict Fed, Audit Policies

Melvin Baker - AHN Reporter Washington, D.C. (AHN) - The Federal Reserve would have its regulatory power constrained and forced to undergo an audit of its monetary policies under a bill being considered by a House committee.The House Financial...

Smoking Pays Off Big For Former Smoker

Hansen Sinclair - AHN Reporter Fort Lauderdale, FL (AHN) - The bad news: After her quarter-century addiction to smoking, Cindy Naugle has developed acute emphysema, is confined to a wheelchair and lugs around an oxygen tank everywhere she goes....

Asian Stocks Fall For Fourth Day

Melvin Baker - AHN Reporter Hong Kong (AHN) - Asian stocks were mostly down on Friday, falling for a fourth day.The S&P/ASX 200 declined 63 points, or 1.3 percent, to end trading at 4,685.78 in Sydney. The drop was the biggest for the index...

Canada Registers 0.1 Inflation Rate In October

AHN Staff Ottawa, Ontario (AHN) - Canada registered a 0.1 percent inflation rate in October. The return to positive digits reverses the negative 0.9 percent consumer price index recorded in September.It is the first time in a year that...

Toronto Transit Commission Approves Fare Hike, To Take Effect Jan. 3

AHN Staff Toronto, Ontario (AHN) - The Toronto Transit Commission approved on Tuesday a fare hike which will take effect Jan. 3, 2010. The increase adopts the recommendation made by the transit's staff on Nov. 4.Under the approved fare, the...

Oldest Black Newspaper Marks 125th Year With Gala For 1,250 Guests

Windsor Genova - AHN News Writer Philadelphia, PA (AHN) - The Philadelphia Tribune, the nation's oldest and the Greater Philadelphia region's largest newspaper serving the African-American community, will celebrate its 125th year on...

Mortgage Delinquencies Hit Record 14.4 Percent

Melvin Baker - AHN Reporter Chicago, IL (AHN) - Breaking a record set only three months ago, the share of mortgage loans in foreclosure or with at least one payment past due hit 14.4 percent in the third quarter, the Mortgage Bankers...

Report: Toronto Has Potential As Global Financial Hub

AHN Staff Toronto, Ontario (AHN) - Toronto has a potential to be in the league of New York and London as one of the global top 10 financial hubs. To reach that point, Toronto has to improve its competitiveness and initiate measures in several...

U.S. Stocks Drop Sharply After Asia, Europe Declines

Melvin Baker - AHN Reporter New York, NY (AHN) - U.S. stocks fell sharply on Thursday, following a decline set earlier in the day by Asian and European stocks.The Nasdaq Composite Index lost the most ground, shedding 36 points, or 1.7 percent,...

Truck Inspections Causing Havoc, Delays Along Saudi-UAE Border

The Media Line Staff Between 4000 - 5000 trucks are stuck in 15 mile queues without access to shelter or provisions at a Saudi - U.A.E. border crossing due to new Saudi customs checks.Drivers and suppliers are worried fruit and vegetables cargo...

AOL To Shed 2,500 Jobs In Prep For Spin-Off

Melvin Baker - AHN Reporter New York, NY (AHN) - Thousands of AOL employees can expect an unmerry Christmas next month as the company announced Thursday it will lay off or fire up to 2,500 employees in the coming weeks.In a filing with the...

Penn Traffic Voluntarily Files to Reorganize Under Chapter 11