Golden Girls Actress Dies
Famous TV star Rue McClanahan passed away due to a brain hemorrhage at New York-Presbyterian Hospital. She helped make The Golden Girls one of the longest running shows on television. She played the acclaimed Southern belle Blanche Devereaux and her character was liked by audiences across the country.
Sci-Fi Movies Raises Many Questions
A new sci-fi movie raises a lot of disturbing issues and will surprise most of the viewers. The movie looks like it has been inspired from Frankenstein.
During G20 via Rail to Close at Union Station
It has been reported that Via Rail trains will go around Toronto's Union Station at some point in part of the G20 summit week.
The rail Company said in a release on Thursday, that Via trains will not arrive or depart from Union Station from Thursday, June 24, through June 27,
Creation of 25,000 new jobs in May Seen by Canada
It was announced by Statistics Canada on Friday, that about 25,000 jobs have been added by Canada's economy in May for a fifth successive month of service gains.
According to Government agency, the national unemployment rate, however, did not change at 8.1%, since more people came back to the employment market.
Arizona’s Immigration Law Receives Widespread Criticism
The proposed immigration measures of Arizona have been severely criticized by religious leaders in the US and Latin America. They have generated a lot of controversy and have been even attacked by US President Barack Obama who felt that the law is misguided.
Reviving Economy in US to See Rise in Interest Rates
It has been indicated by three top Federal Reserve officials on Thursday that interest rates might elevate in some time as the economic recovery in the United States is gaining pace, however it is noticeable that the rates of unemployment in the country are still high.
Nicholas Carr’s the Shallows Highlights the Impact of Internet on Lives
The most talked about topic, which most likely all of us come across now-a-days, is the increasing invasion of internet into our lives.
The discussion is so prominent that now people have started joking around about the topic. Many thinkers have been writing about the good and the bad effects of the excessive internet use.
McDonald’s Warns Consumers Stop Buying Drinking Glasses
McDonald's which is the world's biggest restaurant chain is recalling its drinking glasses, which are being sold at their restaurants are believed to be unsafe. The painted designs of the movie characters on glassware found to have cadmium in it.
TechTeam Announces Sale of Government Solutions Unit to Jacobs Engineering Group
IT giant TechTeam Global Inc. has confirmed that it is going to sell its government solutions unit Jacobs Engineering Group Inc. for an amount worth $59 million, on Friday.
TechTeam's board has decided to sell off the unit and shift the focus to the commercial market. The unit employs 500 people with federal, state and local agencies.
431K Jobs Added in Economy but Less in Private Sector
Since the start of the year, as a wave of census hiring lifted payrolls by 431,000 in May, Job creation by private companies grew at the slowest speed. As people gave up searching for job, the unemployment rate dipped to 9.7%.
"True Compass” Author Joins Simon & Schuster
Simon & Schuster has appointed Jonathan Karp, the author of Edward M. Kennedy's "True Compass”, who will be replacing David Rosenthal. Karp had been working with wide range of workers over the last 13 years.
LeBow to be the New CEO of Borders
The Ann Arbor-based has got a new C. E. O, Mr. Bennett S. LeBow. A while ago Mr. Bow had invested $25 million in the Company and became the largest shareholder of the chain.
Crude Oil Shows a Promising Outcome
Signs of recovery are being shown by crude oil in the US, the world’s biggest energy consumer. According to a report by the Energy Information Administration, the economic recovery is accelerating.
OMNI Energy Services Corp. to Be Sold for Almost $66.3 M
OMNI Energy Services Corp., an environmental services provider to the oil and gas industry, finally settled to be vended out for approximately $66.3 million to an affiliate of Wellspring Capital Management LLC.
The offer price of $2.75 is at a 29.7 percent premium to OMNI's Thursday closing price of $2.12 on Nasdaq. The stock was up by 22% before the bell on Friday.
Eurozone’s GDP Data Verify Slothful Growth
Little-revised first-quarter information on gross domestic product that released on Friday gave confirmation that the 16-nation euro zone's financial recovery continued at a lethargic speed in the first three months of the year.
N.B. Indefinitely Delays Solar Plant
The New Brunswick Government has announced that it will help Miramichi rebound after it faced another hit when a Norwegian-based solar Company took a $700-million project to produce solar panel material in Miramichi.
Wholesale Prices Climbs in March, Exceeds Expectation
Wholesale prices in Canada registered a climb surpassing expectation in March, triggered by the machinery, equipment and building materials sectors, Statistics Canada revealed Wednesday.
Its sales are reported to rise 1.4% to $44.4-billion, marking the fourth increase in five months. However, economists had augured a gain of 0.6% in March.
Nexen to Sell its Heavy Oil Properties in Western Canada
Nexen Inc. (NXY) is reported to sell its heavy-oil assets in western Canada for a worth C$975 million (US$934 million), thereby fulfilling its aim of generating C$1 billion in proceeds from the sale of non-core assets.
Native leaders Raise Voice Against Eco-groups Over Mining
Hereditary chiefs from Ahousaht First Nation are reported to have raised a voice against environmental groups, accusing them of tampering with traditional decision-making as concerns emerge over the possibility of a copper mine on Catface Mountain.
Recreational Properties Report Rise in Many Canadian Markets
The 2010 ReMax Recreational Property Report released Thursday has revealed that recreational property sales in majority of Canadian markets have registered a rise this year compared with a year ago.
However, has failed to keep pace with the wide housing sector, as fewer Americans venture north and more Canadians prefer south for vacation properties.