London Free Press

Nissan to recall 194,434 vehicles

By REUTERS

Nissan Motor Co is to recall 194,434 vehicles of the Caravan model and the Como, a van supplied to and sold by Isuzu Motors Ltd, because of defective parts, according to a filing with Japan’s transport ministry on Thursday.

Foreign investment in the oilsands a win-win

By Michel Kelly-Gagnon, QMI Agency

According to a recent report by the environmentalist group ForestEthics Advocacy, 71% of oilsands production is owned by non-Canadian shareholders, with foreign-headquartered companies controlling 24% of the sector's production. The group concludes that Canadians benefit very little from the industry's production on account of this high degree of f

Retail sales signal modest growth

By Louise Egan, REUTERS

Retail sales bounced back in March after a weak February, but sales looked soft excluding the auto sector, and the figures sent mixed signals about first-quarter growth.

Rich-poor gap could spark financial crisis in Canada: Report

By QMI Agency

The gap between the rich and the poor in Canada is getting wider and could eventually lead to an economic collapse, according to a new report by a left-wing think-tank.

OECD hawkish on BoC rate hikes

By REUTERS

The Bank of Canada should resume raising interest rates this autumn to help cool the country’s hot housing market and allow the bank to reach its inflation target, the Paris-based OECD said on Tuesday in a report more hawkish than most market players.

Growing local sector in ship shape

By NORMAN DE BONO, The London Free Press

London is building on its transportation industry by adding two new shipping businesses.

Facebook sinks below IPO price

By Chuck Mikolajczak and John McCrank, Reuters

Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks.

Facebook's debut is modest, high volumes cause problems

By Alexei Oreskovic, Reuters

Facebook Inc shares rose less than expected on their first day of trade on Friday and huge order volume caused technical problems that marred the coming out party of the No. 1 online social network.

Inflation stronger than expected in April

By Reuters

Canadian inflation was slightly stronger than expected in April, pushed higher partly by gasoline prices, but the annual rate matched the Bank of Canada’s target of 2.0 percent, up from 1.9 percent in March, Statistics Canada data showed on Friday.

Sears selling off much of Canada stake

By Phil Wahba, Reuters

Sears Holdings Corp said on Thursday it will spin off a large part of its stake in its Canadian unit, which Chairman Edward Lampert had spent years trying to gain control of, to better focus on its U.S. business.

CP Rail CEO Fred Green quits

By Nicole Mordant and Scott Haggett, Reuters

Canadian Pacific Railway Ltd Chief Executive Fred Green resigned on Thursday, handing activist shareholder William Ackman a clear victory after a bruising proxy battle for control of Canada’s second biggest railroad.

RBC eyes BofA wealth units: Sources

By Saeed Azhar and Denny Thomas, Reuters

Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America in a deal that could be worth about $2 billion, sources said.

Movin' on up

By HANK DANISZEWSKI, The London Free Press

Big-ticket public projects like the John Labatt Centre, more housing and a focus on commercial offices, have helped to lift London's downtown, a just-released national report says. Reporter Hank Daniszewski looks at how London compares with nine other cities whose core areas the Canadian Urban Institute also surveyed.

Europe fears send loonie to 16-week low

By Claire Sibonney, Reuters

The Canadian dollar hit a 16-week low against the U.S. dollar on Wednesday as fears of a Greek exit from the euro zone and a worsening debt crisis facing other European nations gripped financial markets.

Caviar condos set to flood Toronto market

By Andrea Hopkins, REUTERS

Five months after buying one of Toronto’s new luxury hotel condominiums, Oliver Baumeister is girding for a glut of suites like his to hit the market as the biggest names in the hotel business open hundreds of units in Canada’s largest city.

Loonie slides on political impasse in Greece

By Claire Sibonney, REUTERS

The Canadian dollar erased earlier gains against its U.S. counterpart on Tuesday but surged to a 16-month high against the euro after Greece said it would hold new elections and worries mounted about its possible exit from the euro zone.

Yahoo investors applaud change, fear limbo

By Alexei Oreskovic, REUTERS

Yahoo Inc’s choice of interim chief executive is a signal the company is returning to its roots selling brand advertising on its consumer websites, analysts say, even as a deal with an activist hedge fund raises new questions about its future.

Banks introduce mobile payment guidelines

By Alastair Sharp, REUTERS

Canadian banks presented a blueprint on Monday that will enable consumers to pay for goods with a tap of their smartphones, as financial institutions seek to take advantage of existing infrastructure that can support mobile payments.

A ‘huge gap’ in the HR world was filled by local startup

By KELLY PEDRO, The London Free Press

When Tony Boyle says he wants more fun, he means it.

Business buzz

By HANK DANISZEWSKI, The London Free Press

New day awning

Save now, go later best vacation strategy

Travel, fun, new experiences in new places, a few days in paradise. Is that your definition of the perfect vacation?

Working toward a better online brand identity

By GEOFF EVANS, Special to QMI Agency

After observing a number of different London businesses using Gmail and Hotmail as their primary business e-mail addresses, I started to wonder if other people shared my perspective on using "web mail" in business.

What’s that sound? A trademark

By David Canton, Special to QMI Agency

When one thinks of trademarks, the usual things that come to mind are word marks (the name of a company or product such as "Harrison Pensa" or "President's Choice") or design marks (the logo for a company or product such as the Ford blue oval or the McDonald's arches).

Yahoo CEO out, investor Loeb gets board seats

By Alexei Oreskovic, REUTERS

Yahoo Inc is replacing its CEO for the third time in as many years, and giving three board seats to a hedge fund led by Daniel Loeb, putting him in a strong position to influence strategy at the struggling Internet company.