European shares rise, London near 2009 high

AFP - LONDON (AFP) - Europe's main stock markets rose on Wednesday, with London closing in on a high for 2009, as share prices continued their impressive run higher since the start of the week.

Ford says Volvo sale to Geely is close, expects final deal in Q1 of 2010

The Canadian Press - STOCKHOLM, Sweden - Ford Motor Co. said Wednesday it is close to selling its loss-making Volvo unit to China's Geely and expects a final deal in the first quarter of 2010.

Russia's Supreme Court rules that 2003 arrest of tycoons partner was illegal

The Canadian Press - MOSCOW - Russia's Supreme Court has ruled that a lower court's 2003 decision to arrest Mikhail Khodorkovsky's business partner Platon Lebedev was illegal on procedural grounds.

Canada's Intrawest may be closer to default: report

Reuters - (Reuters) - Canadian ski resort operator Intrawest ULC, which owns some 2010 Winter Olympics venues, may default on a $1.4 billion loan and is in talks with its lenders about debt...

Lessons from the 2009 Recession that We Should Have Known

The global recession we are going through affected many people. In fact, it is stated as one of the worst recessions to hit the world since the Great Depression. Now I’m not sure about you, but I...