Wednesday October 01, 2014

National Business

top story

Ford Canada adding 1,000 new jobs at its Oakville, Ont., facility

OAKVILLE, Ont. - Ford Motor Co. of Canada says it is adding 1,000 jobs at its plant in Oakville, Ont. to build the 2015 Ford Edge crossover SUV....

posted: October 1,2014

National Business

France's Socialists take axe to welfare spending with planned cuts in 2015 budget

PARIS - France's Socialist government has detailed a 21 billion-euro ($26.5 billion) cost-cutting plan, the biggest in the country's modern history, saying it will focus on trimming welfare benefits....

Poland's new PM wants greater US military presence in the country due to Ukraine conflict

WARSAW, Poland - Poland's new prime minister says she will seek a greater U.S. military presence in Poland because the conflict in neighbouring Ukraine has made Poland's security and the U.S.-Polish relationship even more important....

General Mills plans to eliminate approximately 700 to 800 jobs, mostly in the US

NEW YORK, N.Y. - General Mills plans to cut approximately 700 to 800 jobs, the second time it's trimmed its work force in a month, as the food company adjusts for a shift by U.S. consumers away from boxed or frozen meals....

Between wealth and Wahhabism, Saudi urban overhaul transforms Islam's holiest city Mecca

MECCA, Saudi Arabia - As a child, Osama al-Bar would walk from his home past Islam's holiest site, the Kaaba, to the market of spice and fabric merchants where his father owned a store. At that time, Mecca was so small, pilgrims could sit...

Myanmar awards first licenses to foreign banks in a half-century

YANGON, Myanmar - Myanmar awarded licenses Wednesday to the first foreign banks allowed to operate in the country in a half-century....

Tesco says UK authorities to investigate after profits were overstated

LONDON - Tesco, one of the world's largest food retailers, says U.K. authorities are conducting a full investigation after its half-year profit was overstated by 250 million pounds ($407 million)....

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