Investors sour on Canadian banks ahead of earnings
TORONTO (Reuters) – Investor sentiment in Canadian banks has begun to sour ahead of earnings this week as short interest positions in the stocks have jumped and analysts have begun to get increasingly skittish about their prospects in a weakening Canad…
Fed rate rise timing back in the spotlight
LONDON (Reuters) – Greece’s struggles with its euro zone creditors may have grabbed much of the world’s attention, but U.S. Federal Reserve Chair Janet Yellen is likely to reclaim the spotlight this week with testimony on a long-anticipated shift in po…
U.S. refinery strike spreads to one-fifth of national capacity
HOUSTON (Reuters) – The largest U.S. refinery strike in 35 years entered its fourth week as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines as of 12 a.m. CST (0600 GMT) on Sunday, according to…
CN Railway urges union to agree to arbitration as lockout looms
TORONTO (Reuters) – Canadian National Railway Co on Saturday again urged Unifor, the union representing 4,800 of its mechanical, clerical and intermodal staff, to agree to binding arbitration and renewed its threat to lock out those workers on Monday.
West Coast ports to begin tackling backlog after labor deal
LOS ANGELES (Reuters) – U.S. West Coast ports will resume full operations from Saturday evening after a tentative labor deal was reached between a dockworkers union and a group of shippers, easing months of disruptions to trans-Pacific trade that have …
U.S. refinery strike widens to include nation’s largest plant
HOUSTON (Reuters) – The U.S. refinery strike widened on its 20th day, with workers at the nation’s largest refinery walking off jobs and joining picket lines on Saturday as the United Steelworkers union (USW) pushes for a new contract that improves wag…
Valeant nears deal to buy Salix for about $10 billion: WSJ
(Reuters) – Valeant Pharmaceuticals International is near a deal to buy Salix Pharmaceuticals Ltd for about $10 billion, the Wall Street Journal reported on Saturday.
Tsipras declares victory as Greece dodges financial ruin
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras declared victory on Saturday after agreeing a conditional financial rescue deal with Europe and despite making big concessions to avert a banking collapse within days.
West Coast port dispute costing Honda 25,000 vehicles
WASHINGTON (Reuters) – Honda Motor Co on Saturday praised an agreement to end a labor dispute at U.S. West Coast ports but said shipping delays will cost the company about 25,000 vehicles this month.
Brazil prosecutor looks to block corruption leniency deal: report
RIO DE JANEIRO (Reuters) – A Brazilian prosecutor sought to block a possible government leniency deal with construction and engineering companies implicated in a giant bribery and money laundering scheme at state-run oil company Petrobras, according to…
