A unique initiative to improve labour relations at auto parts giant Magna International is fizzling.
Aurora-based Magna and the Canadian Auto Workers say they continue talking about expanding the
LONDON
Germany has reported another three deaths in its E. coli outbreak _ bringing the total to at least 47.
The Robert Koch Institute, Germany’s disease control center, said Monday that 46 deaths have now been reported in the country. One person has died in Sweden, and officials say one death in the U.S. may be linked to the outbreak.
The number of new infections has declined significantly over recent weeks but overall numbers are still rising _ due largely to delays in notification guaranteed payday loans.
The disease control center says 3,801 people have been reported sick in Germany. That includes 834 suffering from a complication that can lead to kidney failure.
A further 119 cases have been reported in 15 other countries.
The source has been traced to a sprout farm in northern Germany. It’s unclear how the sprouts were contaminated.
39 Stereotaxis-17.3%
40 Build-A-Bear Workshop-17.4%
41 Insituform Technologies-17.5%
42 Reliv International-18.7%
43 MEMC Electronic Materials-30.1%
44 Isle of Capri Casinos-31.4%
45 Furniture Brands International-33 Low fee payday loans.0%
46 Brown Shoe-40.9%
47 CPI-49.2%
48 Spartech-49.8%
TMX Group Inc. says London Stock Exchange Group plc has agreed to pay a special cash dividend of $4 per share, sweetening its bid for the Canadian stock market operator by $660 million.
TMX says its shareholders will get the special payment of $4 a share in cash when the proposed merger closes.
The move sweetens the friendly merger
Kevin Garland still remembers the pessimistic prediction of a well-wisher when she took over as executive director of the National Ballet of Canada a decade ago.
OTTAWA—The Harper government will bring in back-to-work legislation Monday to end the postal strike and get mail moving again.
Declaring that the two sides have had “ample amount of time” to reach a settlement, Labour Minister Lisa Raitt said she would force an end to the Canada Post labour dispute if necessary.
The government was preparing to introduce the legislation Monday afternoon though it could take several days to become law.
The move sparked an angry reaction from New Democrats who accused the Conservatives of meddling in collective bargaining loan for people with bad credit.
It’s possible NDP MPs could delay a legislated end to the dispute.
Interim Liberal Leader Bob Rae accused the Conservatives of doing little to safeguard defined benefit pensions, one of the issues at the heart of the Canada Post dispute.
Investors largely put aside their concerns about the Greek financial crisis Monday and focused instead on value. Stocks rose broadly after the market shook off its longest weekly losing streak in nearly a decade.
The downturn brought the S&P 500 close to its average level over the prior 200 days. So long as the index doesn’t sink far below that level, many technical traders see it as a sign to start buying stocks again. The S&P is now 6 percent below the 2011 high it reached on April 29.
“In the short term, stocks have been oversold, and you’re going to get some sort of bounce, whether justified or not, just for technical reasons,” said Paul Simon, chief investment officer for Tactical Allocation Group, which has $1.5 billion in assets under advisement.
The S&P 500 index rose 6.86 points, 0.5 percent, to close at 1,278.36. The Dow Jones industrial average added 76.02 points, or 0.6 percent, to 12,080.38. The Nasdaq composite gained 13.18, or 0.5 percent, to 2,629.66.
Health care companies like Aetna Inc. and Humana Inc. rose 1 percent, the largest gain among the 10 industry groups that make up the S&P 500 index. Financial companies like Morgan Stanley, which lost 1.9 percent, were the only group to lose ground.
The S&P 500 notched its third straight day of gains, the longest stretch of increases in the stock market for nearly a month. The index eked out a tiny gain last week, breaking a six-week losing streak driven by concerns that U.S. economic growth would falter in the second half of the year and that Greece’s debt crisis would spread. It was the S&P’s longest slide since 2002.
Signs that the European financial crisis may be contained helped ease investors’ concerns. European Union officials in Luxemburg said Monday that the EU would take steps to prevent Greece’s debt problems from affecting other struggling countries like Ireland and Portugal.
European leaders failed over the weekend to agree on releasing more financial aid to Greece, saying the country must first agree to more budget cuts. Greece’s recent efforts to slash spending have led to street protests and political turmoil in Athens. The Greek government faces a confidence vote on Tuesday.
Prime Minister George Papandreou’s newly-reshuffled government is expected to prevail in the vote, and officials say they expect Greece to get its next installment of emergency loans in July. If Greece were to default, it could trigger losses for the banks that hold Greek bonds and more turmoil in financial markets.
Some analysts say investors are ready to move beyond the Greek crisis and focus on corporate earnings and the U.S. economy.
“There’s a little fatigue about hearing about the same problems, and there’s no shock factor anymore,” said Oliver Pursche, president of Gary Goldberg Financial Services. Traders are now starting to look ahead to the Federal Reserve’s two-day policy meeting, which begins Tuesday, and the next round of corporate earnings reports that begin in July, he said.
Analysts expect that operating earnings per share for companies in the S&P 500 index rose 14 percent in the second quarter. They also expect the Fed to keep interest rates at nearly zero, a record low.
Among U.S. companies, PNC Financial Services Group Inc. fell 2 percent after saying it would buy the U.S. retail operations of Royal Bank of Canada for $3.45 billion. The deal will make PNC the fifth biggest U.S. bank with 2,870 branches.
Whole Foods Market Inc. gained 2.2 percent after a BMO Capital Markets analyst upgraded the stock following a recent sell-off. And Wal-Mart stores Inc. rose 0.4 percent after the Supreme Court blocked a sex discrimination lawsuit brought against the retailer by a large group of female employees.
Two stocks rose for every one that fell on the New York Stock Exchange. Consolidated volume came to 3.1 billion shares.
After two years without seeing an increase in their Social Security checks, more than 59 million retirees and other beneficiaries can expect a bump up in benefits next year.
The Social Security trustees’ annual report released last month estimates that the cost-of-living adjustment in next year’s checks will be 0.7 percent. The increase, which will be announced in October, could be higher, depending on where prices head in the coming months.
Still, experts say, retirees could see all or some of that raise eaten up by higher Medicare premiums.
News of the potential rise in benefits didn’t generate much excitement last week among seniors at the Allen Center, a Baltimore senior center, although some retirees say they would be grateful for any boost.
“If it was $5 more, I would be happy,” Frances McCready, 69, a retired cashier, said about her monthly benefit Same day payday loans. “I would dance a jig.”
The past two years have been “very bad,” said McCready, who receives $616 a month from Social Security and about $400 working for the Department of Aging.
She said she lives with her son and his wife, who help her pay her bills.
“If it wasn’t for them, no way in the world could I make it,” she said.
The Social Security trustees projected the cost-of-living adjustment using inflation assumptions from December. Since then, the price of gas has spiked and then pulled back. If fuel prices tick up again, beneficiaries could see as much as a 2 percent increase.
The actual cost-of-living increase will be based on the inflation rate in July, August and September, and how it compares with the rate during the third quarter of 2008
South Carolina Gov. Nikki Haley and other Republican governors are calling on the National Labor Relations Board to dismiss its complaint against Boeing.
Haley and 15 other GOP governors wrote to the board’s general counsel, Lafe Solomon, on Thursday saying the probe hamstrings governors who are trying to create jobs.
The letter was released Friday as the U.S. House Committee on Oversight and Government Reform held a hearing in North Charleston on the complaint.
The labor board alleges Boeing built an assembly line for its new 787 aircraft in South Carolina to avoid unionized workers in Washington state. Boeing has challenged the complaint, saying no union workers lost jobs.
Haley and Solomon are scheduled to testify during the hearing.
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