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GM's Volt

The Detroit Three ... Two? One?

Bailout or no bailout, North American car makers will still be making vehicles in the next decade. But don't expect the auto industry of tomorrow to look anything like today's


APEC leaders vow to push free trade

Summit members agree to freeze new barriers to trade for 12 months; Harper says sound policies key to avoiding financial collapse similar to Great Depression


Crisis could benefit Chinese bargain hunters

Cheap prices, low interest rates and Beijing's insatiable appetite for raw materials are all likely to keep Chinese pocketbooks open


Sovereign fund hype subsides as cash ebbs

Future of state-owned funds less rosy as value of investments sink and governments eye extra capital for local economies


Global credit crunch hits microfinance

South Asians who have set up small businesses using small, collateral-free loans to be squeezed as credit dries up


Moving past denial on your portfolio

Financial yardsticks can measure objectively how badly you've done amid the market turmoil

Graphics and photos

For sale signs

Housing: Cyclical retreat or something worse? Popup

As Canada's real estate boom ends, how some economists are measuring the slowdown


Hedge funds

A 'closed' sign in Greenwich, Connecticut

Town that wealth built starts to feel the pain

Purse strings tighten in U.S. haven


Greece

A worker adjusts a container being loaded onto a ship at the port of Piraeus

Global shipping industry braces for rough waters

Falling dry cargo rates and weak demand sending industry into worst crisis in decades


The week

U.S. Navy photo shows hijacked Chinese fishing vessel in the Indian Ocean off the coast of Somalia Nov. 17

The top business news, in photos and stories Popup

Auto makers plead for a lifeline. Deflation now a top concern. And, pirates disrupt shipping


executivedecision

Kim Yost

Kim Yost: The Brick's own Urban renewal

The retailer launches a division catering to the growing business in downtown areas

 

Canadian Business 

Inflation drops to 2.6 per cent

Gasoline prices rise at slower rate than previously, while car prices decline

Loonie ‘firmer' after Thursday's plunge

Canadian dollar trades above 78 cents (U.S.) in early trading after Thursday's plunge to 77.31 cents

Private equity firms pull out of Angiotech restructuring

Vancouver-based company had warned that it was finding terms of the financing arrangement difficult to meet

Car dealers plead for government help

Aggressive measures needed to help ailing automobile industry, Canadian Automobile Dealers Association says

Sales, profit rise at Sears Canada

Same-store sales rise by 0.9 per cent

Wealthy business clan rides wave of panic selling

'When the seas are rough, we're out sailing,' says head of holding company who sees once-in-a-lifetime opportunity in market crisis


Energy & Resources 

Oil edges higher

Crude bounces off Thursday's low as stock markets recover

Ontario Power swings to $142-million loss

Utility had $113-million profit a year earlier

Red Back Mining raises issue to $60-million

Gold producer bumps up size of equity offering by half, citing strong demand

Gold rallies above $800

Bullion ends week 8 per cent higher on economic uncertainty, strong physical buying

Copper gains on bargain hunting

Benchmark metal, aluminum earlier touch new three-year lows


International Business 

Citigroup slides below $4 a share

Conference call with CEO disappoints investors expecting new strategy

Wal-Mart board picks Duke as CEO

Wal-Mart international head Mike Duke will succeed retiring Lee Scott February 1

Fed, Bank of Japan officials flag deflation risks

Fed's Bullard suggests liquidity injections to ward off deflation threat

AnnTaylor posts loss, sees weakness

Women's apparel retailer expects gross margin to remain under significant pressure

Cigna cuts full-year profit forecast

Health insurer affirms 2009 outlook

Frozen food sales push Heinz profit higher

More people are cooking at home as they look for ways to save money

Honda cuts more production