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Monthly Archive May, 2009

UAW agrees to cut GM’s labour costs

May 31, 2009

DETROIT–The United Auto Workers union has ratified a package of concessions designed to reduce General Motors Corp.’s labour costs.
UAW President Ron Gettelfinger said […]

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U.S. Economy Contracted at 5.7% Rate in First Quarter

May 30, 2009

The U.S. economy shrank at a 5.7 percent annual pace in the first quarter, capping its worst six- month performance in five decades and […]

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Canada’s dealers `expect more’

May 29, 2009

A salesman at a General Motors dealership has started a petition urging the automaker to reverse its decision to close hundreds of stores or face […]

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Opel race narrows to two but still no funding deal

May 28, 2009

As the battle for German carmaker Opel narrowed to a two-way race between Fiat and Magna, overnight talks to shield Opel from parent General […]

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Restructuring firm GLC to put money where its mouth is

May 27, 2009

Global Leveraged Capital, a private investment firm, said on Wednesday it is launching a new restructuring advisory group that will bring a different approach […]

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WestJet’s U.S. expansion suffers setback

May 26, 2009

WestJet Airlines Ltd.’s North American expansion plans have encountered a setback after a key U.S. low-cost airline partner said it was delaying a planned code-sharing […]

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business calendar

May 25, 2009

TODAY
Finance Minister Jim Flaherty: Meets with provincial and territorial finance ministers.
Earnings: First-quarter results expected from BTB Real Estate Investment Trust.
TUESDAY
The Automotive Parts Manufacturers’ Association: Holds […]

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Now’s time to shield RRSPs from creditors

May 24, 2009

Ontario should not fritter away an opportunity to bail out the retirement plans of voters who have no company pension plan.
It’s getting rather late, but […]

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Leading indicators suggest pickup in late ‘09

May 23, 2009

A forward-looking measure of the U.S. economy in April posted its first rise since June 2008, a private research firm said Thursday, suggesting a […]

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Schwarzenegger to discuss drastic California cuts

May 22, 2009

California Gov. Arnold Schwarzenegger said he would meet with state leaders Wednesday after voters panned a handful of ballot measures designed to pull the […]

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