Sony reports record annual loss
Business News

Sony Corp. racked up a record annual loss of 457 billion yen ($5.7 billion Cdn) in its fourth straight year of red ink as the once-glorious maker of the Walkman and PlayStation struggles toward a turnaround under a new president.


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Greek unemployment hits new record
Business News

Greece's unemployment rate reached a record high in February, according to date released Thursday, as Europe's politicians continued to discuss how to resolve the region's debt crisis.


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Office layoffs a long, demoralizing process
Business News

The layoff notices are out and you didn't get one, but the worry and angst may not be over yet because in practice the process throws workplaces into a lengthy game of dominos.


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U.S. jobless claims fall more than expected
Business News

A better-than-expected decline in U.S. jobless claims Thursday eased concerns the U.S. labour market is slowing down after a poor jobs report in April.


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Facebook to launch app store
Business News

Facebook will launch a new hub for its users to find social apps "in the coming weeks," the social media site says.


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Canadian farms decline by 10%
Business News

The number of farms in Canada fell 10.3 per cent from 2006 to 2011, Statistics Canada says in its latest agricultural census released Thursday.


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