Motorola sees more phone weakness, delays spinoff
SINEAD CAREW
Reuters
October 30, 2008 at 12:09 PM EDT
NEW YORK — Motorola Inc. warned its fourth-quarter results would miss expectations and said its struggling mobile phone business would weaken further in 2009, forcing the company to delay its plan to spin off the unit.
Shares of Motorola fell by [...]

By Doug Alexander
Oct. 27 (Bloomberg) — Manulife Financial Corp. and Sun Life Financial Inc. may need to raise capital to bolster their balance sheets after global equities plunged, according to RBC Capital Markets analyst Andre-Philippe Hardy.
Declining stock prices, combined with rising credit spreads and a higher risk of defaults have put pressure on Canadian [...]

Profits at the Winnipeg-based insurance giant, Great-West Lifeco slipped by five per cent hampered by credit and money market volatility.
The company’s net income for the quarter ending Sept 30, 2008 was $436 million compared to net income of $461 million reported a year ago.
The decline was partially created because the company was forced [...]

Andrew Willis, today at 1:59 PM EDT
The big dog among energy trusts just signalled to the rest of the pack that caution and prudence should guide distribution policies.
Canadian Oil Sands, the largest energy trust, cut its distributions by more than expected late Wednesday, and it moved earlier than analysts had forecast. These are conservative moves [...]

Spooked investors have been stampeding for the exits, purging their portfolios of anything they can sell. This reaction wasn’t supposed to be part of the plan.
By Gordon Powers
October 16, 2008
As many as 80 per cent of investors are stressed about their personal finances and the economy, according to a recent survey conducted by the [...]

THE CANADIAN PRESS
October 30, 2008
TORONTO - The Canadian dollar continued its revival today, though its upward momentum slackened as the day went on and there are indications its strength may not last.
The currency opened with a gain of more than two cents on top of Wednesday’s startling 3.67-cent surge, but by midafternoon it was at [...]

Kristine Owram, THE CANADIAN PRESS
October 28, 2008
TORONTO - A storied Canadian retailer known for stocking its aisles with hockey sticks and brake pads is taking a shot at what analysts call the growing consumer demand for true one-stop shopping.
Canadian Tire (TSX:CTC.A) calls its latest experiment the “smart store” - outlets that will offer an expanded [...]

John Porretto, THE ASSOCIATED PRESS
October 30, 2008
HOUSTON - Exxon Mobil Corp. (NYSE:XOM), the world’s largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning US$14.83 billion in the third quarter.
The Irving, Texas-based company has reported unprecedented back-to-back quarters, the end of [...]

Paint your own house? That might be a bit much, but several everyday tasks can cost less if you take matters into your own hands.
By Liz Pulliam Weston
October 17, 2008
You can make a good argument for hiring out certain tasks because it frees your time or because the person you hire will do a better [...]

THE ASSOCIATED PRESS
October 17, 2008
NEW YORK - Warren Buffett has been moving his personal investments from safe U.S. treasury bonds into U.S. stocks, he wrote in an opinion piece in Friday’s New York Times.
“If prices keep looking attractive, my non-Berkshire net worth will soon be 100 per cent in United States equities,” he wrote.
The piece, [...]