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AOL buying HuffPost for US$315 mil
CBJ – Feb. 7 – In a bid to reclaim some of its bygone Internet glory, AOL Inc. is acquiring the Huffington Post for US$315 million, the former American Online announced today. “The acquisition of the Huffington Post will create a next-generation American media company ...California is king in most miserable cities list
CBJ – Feb. 4 – The good weather isn't good for much – according to a new list from Forbes, California is one miserable place to live. Its list of America's 20 Most Miserable Cities, released this week, featured eight California cities – including the ...
U.S. gov't report backs Canadian oil pipeline
CBJ – Feb. 4 – A 2,700-kilometre pipeline between Alberta's oilsands and Texas would reduce the United States' reliance on oil from overseas, according a report drafted for the U.S. government. The 124-page report, written by Massachusettes company EnSys Energy and Systems, was released to ...Verizon to turn down taps on heavy iPhone users: report
CBJ – Feb. 3 – Verizon Communications Inc. is instituting a new policy that will slow connection for its most data-hungry users as it gears up for its launch of Apple Inc.'s iPhone. Basking Ridge, N.J.-based Verizon (NYSE: VZ), the nation's No. 1 carrier, will ...
Newmont Mining buys Fronteer Gold for $2.3B
CBJ – Feb. 3 – Newmont Mining Corp. is spending CDN$2.3 billion to wrest control of Fronteer Gold Inc.'s key holdings in Nevada and spinning off the rest, the companies said today. At the heart of the acquisition of Vancouver-based Fronteer (NYSE Amex, TSX: FRG) ...Snow batters United States, paralyzes Chicago
CBJ – Feb. 2 – A harsh winter storm has engulfed most of the Midwest and Eastern United States, cancelling flights and bringing traffic to its knees in Chicago. Chicago's Lake Shore Drive was closed since last night until at least this afternoon, according to ...Fannie Mae, Freddie Mac hike risk fees
CBJ – Feb. 2 – Mortgage associations Fannie Mae and Freddie Mac are raising risk fees for the first time since 2009 and adding risk fees to more loans, USA Today is reporting. The changes will make getting a mortgage more expensive – even for ...Pfizer lopping off one quarter of 2012 R&D spending
CBJ – Feb. 1 – Pharmaceutical giant Pfizer Inc. will reduce its research and development budget in 2012 by as much as nearly a quarter, the company said today. “We continue to closely evaluate our global research and development function and will accelerate our current ...
BP in the red for fiscal 2010
CBJ – Feb. 1 – As expected, the Deepwater Horizon disaster took a serious toll on BP Plc's bottom line, with the oil giant posting a US$4.9-billion loss in 2010. In a statement today, BP CEO Bob Dudley said “2010 will rightly be remembered for ...Toshiba treating women unfairly, US$100-mil lawsuit charges
CBJ – Jan. 31 – Computer and tech gadget maker Toshiba is the subject of a lawsuit that alleges the company doesn't pay or promote its female employees as well as men, Reuters is reporting. Former human resources manager Elaine Cyphers is suing for US$100 ...
Production of the penny ends this year and it's gradually being phased out of public circulation. Is the government doing the right thing?
