Wednesday, February 29, 2012
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Bernanke repeats Fed’s commitment to keep interest rate at record low

U.S. Federal Reserve Chairman Ben Bernanke testifies before the House Budget committee hearing on the state of the Economy on Capitol Hill in Washington, in this February 2, 2012 file photograph.

U.S. Federal Reserve Chairman Ben Bernanke testifies before the House Budget committee hearing on the state of the Economy on Capitol Hill in Washington, in this February 2, 2012 file photograph.

YURI GRIPAS/REUTERS
2012/02/29 11:20:00

Ben Bernanke says the Federal Reserve is sticking with its plan to hold interest rates at record-low levels until at least late 2014, despite a pickup in hiring that’s steadily lowered the unemployment rate.

Business

Torstar Corp. profits rise in Q4

David Holland, Torstar's president and chief executive officer, speaks at the annual general meeting in this 2009 file photo.
2012/02/29 07:51:00

Torstar Corp. profits rose in the fourth quarter on strong performance by Harlequin.

News | World

James Murdoch steps down as head of News International

James Murdoch, the youngest son of Rupert Murdoch is stepping down as executive chairman of News Corp.'s newspaper arm.
2012/02/29 11:18:00

James Murdoch, the executive at the epicentre of the phone-hacking scandal at his father's British newspapers, is stepping down as executive chairman... (0)

Business

European Central Bank hands out $712 billion in crisis loans to banks

2012/02/29 07:49:00

The European Central Bank has made €529.5 billion ($712.4 billion US) in low-interest loans to banks in the second round of a massive credit infusion that has been credited with easing the eurozone debt crisis.

Business

Gen Y and technology: I think therefore I text or harbingers of a new dark age

2012/02/29 13:59:00

Gen Y – are they nimble-fingered multi-taskers pushing human potential to new heights or impatient, sedentary time-wasters? Even tech experts are divided on the positive or negative consequences of constant technology on the online generation.

Business

Google Bucks stopped by pesky illegality

2012/02/29 13:55:00

Google considered issuing its own currency, Google Bucks, but gave it up when it realized the concept is illegal in most areas: Google chair Eric Schmidt, who also reportedly opined on telecoms being regulated to death and bandwidth woes.

Business

Cogeco sells Portuguese unit

2012/02/29 13:43:00

Cogeco Cable Inc. says it has sold its troubled Portuguese subsidiary for just over $59 million, ending years of difficulties with the European operation.

Business

Student summer job centres to be axed by Ottawa

Student job Centres will shut down after 40 years as Human Resources Minister Diane Finley looks to move the service online and save millions.
2012/02/29 13:41:00

Student summer job centres to be quietly closed by Ottawa for the first time in 40 years, while security breach shuts down online job bank. (9)

Business | Markets

OSC unveils plan to create modern regulator

2012/02/29 13:34:00

The Ontario Securities Commission is forging ahead with plans to become a more efficient and modern securities regulator as the idea of creating a national body to oversee financial markets remains on hold.

Business

Groupon buys online travel research firm Uptake

2012/02/29 13:02:00

Groupon adds travel research firm Uptake to two other acquisitions since going public recently.

Business

Google, Youtube, let’s forgive and forget: How to purge your history before the new privacy policy

2012/02/29 12:31:00

Want Google, You Tube to forget you? Here’s a step by step guide to purge your online past. But if you've been meaning to search something embarrassing, today is the day.

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