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Tuesday May 22, 2012
Business News
US sales of previously occupied homes rose in April to annual pace of 4.62 million
WASHINGTON - Americans bought more previously owned homes in April, a hopeful sign that the weak housing market is gradually improving....
TSX surges more than 200 points, bargain hunters move in after weeks of losses
TORONTO - The Toronto stock market surged Tuesday as traders caught up to solid advances made on global commodity and stock markets while the TSX was closed for Victoria Day....
OECD warns risk of severe recession in 17-country eurozone is rising as it cuts forecasts
PARIS - The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown ...
Canadarm on space station plays key role in first visit by commercial spacecraft
MONTREAL - The iconic Canadarm is expected to play a key role in the coming days in what's being described as another historic step in space exploration....
Rio Tinto selling Alcan Cable and its three Canadian sites for US$185 million
MONTREAL - Global mining giant Rio Tinto is selling Alcan Cable and its three Canadian operations to U.S.-based General Cable Corp. for US$185 million....
European leaders to discuss growth at summit but unclear if they'll be able to act fast enough
PARIS - The leaders of the 27 countries that make up the European Union are to meet in Brussels Wednesday to try and find a way to keep the debt crisis in Europe from spiraling out of control and promote jobs and growth....
