Canadian Dollar Steady Today

Canadian dollar is mostly steady today. Amidst uncertainty about Europe, and concerns about what’s next, the loonie is managing to hold its own, especially against the US dollar. Risk aversion isn’t as big a deal as might have thought after the weekend in Europe. However, there is little domestic data to change the course of the Canadian dollar, and volumes are low due to a holiday close for the markets in London.Even though there is uncertainty...

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Canadian Dollar Steady Today

Canadian dollar is mostly steady today. Amidst uncertainty about Europe, and concerns about what’s next, the loonie is managing to hold its own, especially against the US dollar. Risk aversion isn’t as big a deal as might have thought after the weekend in Europe. However, there is little domestic data to change the course of the Canadian dollar, and volumes are low due to a holiday close for the markets in London.Even though there is uncertainty...

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BNP Paribas To Finish Restructuring In Coming Months

- New bank rules alter the way the economy is funded-- Clear shift by corporates toward bond markets-- BNP Paribas to focus on its fixed income business(Adds comment and detail throughout.)PARIS (Dow Jones)--BNP Paribas SA (BNP.FR) should complete its restructuring plan in coming months, freeing the French bank to focus on growing its presence in the currently booming fixed income market, Chief Executive Jean-Laurent Bonnafe told Dow Jones Newswires...

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BNP Paribas To Finish Restructuring In Coming Months

- New bank rules alter the way the economy is funded-- Clear shift by corporates toward bond markets-- BNP Paribas to focus on its fixed income business(Adds comment and detail throughout.)PARIS (Dow Jones)--BNP Paribas SA (BNP.FR) should complete its restructuring plan in coming months, freeing the French bank to focus on growing its presence in the currently booming fixed income market, Chief Executive Jean-Laurent Bonnafe told Dow Jones Newswires...

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Oil drops below $100 for first time since February

NEW YORK — Oil dropped below $100 per barrel for the first time since February following a disappointing U.S. jobs report and warnings of a weakening world economy.Benchmark West Texas Intermediate crude fell as low as $99.90 Friday before edging back to $100.21 per barrel in New York. Crude prices are down 2.3 percent for the day.Oil prices have been falling since Wednesday as analysts and traders increasingly focus on the economy. The Labor Department...

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Oil drops below $100 for first time since February

NEW YORK — Oil dropped below $100 per barrel for the first time since February following a disappointing U.S. jobs report and warnings of a weakening world economy.Benchmark West Texas Intermediate crude fell as low as $99.90 Friday before edging back to $100.21 per barrel in New York. Crude prices are down 2.3 percent for the day.Oil prices have been falling since Wednesday as analysts and traders increasingly focus on the economy. The Labor Department...

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UBS loses bid to dismiss FHFA mortgage debt case

span class="articleLocation">(Reuters) - A U.S. judge has rejected UBS AG's (UBSN.VX) bid to dismiss a federal regulator's lawsuit accusing it of misleading Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) into buying billions of dollars of risky mortgage debt.U.S. District Judge Denise Cote in Manhattan said on Friday that the Federal Housing Finance Agency may pursue claims that UBS violated federal securities laws by misleading Fannie Mae and...

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UBS loses bid to dismiss FHFA mortgage debt case

span class="articleLocation">(Reuters) - A U.S. judge has rejected UBS AG's (UBSN.VX) bid to dismiss a federal regulator's lawsuit accusing it of misleading Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) into buying billions of dollars of risky mortgage debt.U.S. District Judge Denise Cote in Manhattan said on Friday that the Federal Housing Finance Agency may pursue claims that UBS violated federal securities laws by misleading Fannie Mae and...

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Pension Plan Sues Wal-Mart Officials Over Failures

The pension plan, the California State Teachers’ Retirement System, owns about 5.3 million shares in Wal-Mart, worth about $313 million. Although that is a small stake — far less than 1 percent — the suit was filed on behalf of Wal-Mart itself against people the pension plan identified as having failed in their duties to the company.The suit names the company’s board and several current or former executives or board members as defendants.The type...

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Pension Plan Sues Wal-Mart Officials Over Failures

The pension plan, the California State Teachers’ Retirement System, owns about 5.3 million shares in Wal-Mart, worth about $313 million. Although that is a small stake — far less than 1 percent — the suit was filed on behalf of Wal-Mart itself against people the pension plan identified as having failed in their duties to the company.The suit names the company’s board and several current or former executives or board members as defendants.The type...

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Brazil expects rates below 8 pct by year's end-paper

* Government sees 50 point cut in base rate in May* Government expects base rate at 7.5-7.75 pct by end 2012SAO PAULO May 5 (Reuters) - The Brazilian government expects its benchmark interest rate to fall below 8 percent by year's end after it modernized rules on domestic savings accounts earlier this week, the local Folha de S.Paulo newspaper said on Saturday.The government of President Dilma Rousseff also sees the central bank cutting the benchmark...

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FCC rejects Liberty Media bid for Sirius XM control

* John Malone company has 40 pct Sirius XM stake* Liberty Media claimed de facto control over Sirius XM* FCC dismisses Liberty Media applicationBy Liana B. BakerMay 5 (Reuters) - A federal regulator dismissed John Malone's Liberty Media Corp's application to take control of Sirius XM Radio Inc with its current stake of 40 percent.Friday's decision by the U.S. Federal Communications Commission came after Liberty Media, Sirius XM's largest shareholder,...

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FCC rejects Liberty Media bid for Sirius XM control

* John Malone company has 40 pct Sirius XM stake* Liberty Media claimed de facto control over Sirius XM* FCC dismisses Liberty Media applicationBy Liana B. BakerMay 5 (Reuters) - A federal regulator dismissed John Malone's Liberty Media Corp's application to take control of Sirius XM Radio Inc with its current stake of 40 percent.Friday's decision by the U.S. Federal Communications Commission came after Liberty Media, Sirius XM's largest shareholder,...

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• Stamp Out Hunger to collect food May 12

Need this information? You may purchase access to it by subscribing for one month to Reporter-Times.com/MD-Times.com at a cost of $6.95.This subscription gives you access to all content on our site, including story archives, and does not automatically renew.Subscribing to Reporter-Times.com/MD-Times.com gives you 24/7 access to our news, features, and story archives (back to 2003) from anywhere.To start a subscription, you will need a major credit...

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• Stamp Out Hunger to collect food May 12

Need this information? You may purchase access to it by subscribing for one month to Reporter-Times.com/MD-Times.com at a cost of $6.95.This subscription gives you access to all content on our site, including story archives, and does not automatically renew.Subscribing to Reporter-Times.com/MD-Times.com gives you 24/7 access to our news, features, and story archives (back to 2003) from anywhere.To start a subscription, you will need a major credit...

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LinkedIn raises outlook, beats on profit

* Q1 adj EPS 15 cents vs Street view 9 cents* Total revenue jumps 101 pct, beats expectations* Revises up 2012 revenue outlook* Shares rise 10 pct in after-hours trading* LinkedIn to buy SlideShare for $118.75 millionBy Jennifer SabaMay 3 (Reuters) - LinkedIn Corp raised its outlook after smashing first- quarter revenue and profit expectations, racking up strong growth from services that help companies find and hire employees."The guidance was surprisingly...

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LinkedIn raises outlook, beats on profit

* Q1 adj EPS 15 cents vs Street view 9 cents* Total revenue jumps 101 pct, beats expectations* Revises up 2012 revenue outlook* Shares rise 10 pct in after-hours trading* LinkedIn to buy SlideShare for $118.75 millionBy Jennifer SabaMay 3 (Reuters) - LinkedIn Corp raised its outlook after smashing first- quarter revenue and profit expectations, racking up strong growth from services that help companies find and hire employees."The guidance was surprisingly...

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TransCanada files new application for permit to build Keystone XL pipeline ...

WASHINGTON —The Canadian company seeking to build the Keystone XL pipeline submitted a new permit application on Friday for the segment proposed to carry crude from Alberta, Canada to Nebraska. The move sets off a new round of reviews by the U.S. State Department and triggered more criticism from environmental groups and landowners along the proposed route.TransCanada, which had its application rejected by the Obama administration in January because...

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Fracturing rule offers a concession

MUCH of our economic debate implies we must choose between going green or going for growth. There is now hard evidence that the real choice is between green growth or no growth at all.For the first time in the postwar period, energy and other commodity prices are unusually high for this point of the global recovery. Normally the cost of basic materials falls in real terms for at least two years after a recovery begins. In the past, this boosted real...

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Fracturing rule offers a concession

MUCH of our economic debate implies we must choose between going green or going for growth. There is now hard evidence that the real choice is between green growth or no growth at all.For the first time in the postwar period, energy and other commodity prices are unusually high for this point of the global recovery. Normally the cost of basic materials falls in real terms for at least two years after a recovery begins. In the past, this boosted real...

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Carry-ons to cost as much as $100 on Spirit Airlines

LOS ANGELES — Have an unexpected carry-on you need to bring on your flight? If you’re traveling with Spirit Airlines Inc., it’ll cost you $100.On Thursday, visitors to company’s website found that fees for baggage and other consumer services are going to jump on Nov. 6 — nearly across the board.Carry-on bag fees at the gate will cost travelers $100 — more than double the $45 they pay now. Carry-ons noted during an online reservation will cost $35,...

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Carry-ons to cost as much as $100 on Spirit Airlines

LOS ANGELES — Have an unexpected carry-on you need to bring on your flight? If you’re traveling with Spirit Airlines Inc., it’ll cost you $100.On Thursday, visitors to company’s website found that fees for baggage and other consumer services are going to jump on Nov. 6 — nearly across the board.Carry-on bag fees at the gate will cost travelers $100 — more than double the $45 they pay now. Carry-ons noted during an online reservation will cost $35,...

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Next up to take on Europe's debt crisis: Democracy

LONDON — For more than two years now, they have all imposed their will on Europe's raging debt crisis: German leaders. Panicked governments. Jittery financial markets. Bossy international agencies.The people? Not so much.Across the continent, officials have forced through brutal budget cuts despite mass protests from Paris to Prague. In Greece and Italy, technocratic prime ministers have been installed without a single citizen going to the polls....

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Next up to take on Europe's debt crisis: Democracy

LONDON — For more than two years now, they have all imposed their will on Europe's raging debt crisis: German leaders. Panicked governments. Jittery financial markets. Bossy international agencies.The people? Not so much.Across the continent, officials have forced through brutal budget cuts despite mass protests from Paris to Prague. In Greece and Italy, technocratic prime ministers have been installed without a single citizen going to the polls....

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BBC News See realtime coverage Rosneft and Statoil in Arctic exploration deal

Russian oil giant Rosneft has signed a deal with Norway's Statoil to explore the sea around the Arctic.It is the third deal Rosneft has signed in the past month, after Arctic exploration agreements with Italy's Eni and US giant Exxon Mobil.Norway's state-held firm will get ownership of a third of a new joint venture that will explore one of Rosneft's fields in the Barents Sea.The deals are a sign of Rosneft's growing global ambitions.The Statoil...

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BBC News See realtime coverage Rosneft and Statoil in Arctic exploration deal

Russian oil giant Rosneft has signed a deal with Norway's Statoil to explore the sea around the Arctic.It is the third deal Rosneft has signed in the past month, after Arctic exploration agreements with Italy's Eni and US giant Exxon Mobil.Norway's state-held firm will get ownership of a third of a new joint venture that will explore one of Rosneft's fields in the Barents Sea.The deals are a sign of Rosneft's growing global ambitions.The Statoil...

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The Economist See realtime coverage Putting Our Slow Jobs Recovery Into Perspective

Disappointing, but not shocking. The government’s report Friday that the economy created fewer jobs than expected in April—115,000—showed an unwelcome deceleration of America’s job-creating machine. Economists surveyed by Bloomberg News had a median forecast of 160,000 jobs created. In the big picture, though, the nearly three-year-old expansion is proceeding at the same pace as the previous two. Slow recovery, in other words, is the New Normal.The...

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