Sunday, May 03, 2009

It's the economy (May 2009)

We continue on with our examination of the economic tumult and the reporting of such for the month of May.

The New York Times

May 31-- Deal With G.M. Bondholders Sets Stage for Bankruptcy
May 31-- Across Europe, Ripples From the Opel Deal
May 30-- Industry Fears Americans May Quit New Car Habit
May 30-- What About the Valley After the Rally?
May 29-- In Opel Talks, a High-Stakes Game of Poker
May 29-- Ireland Injects $5.6 Billion Into Bank
May 28-- The Big Inflation Scare
May 28-- Another Rescue?
May 28-- Bondholder Group Reaches Deal for Up to 25% G.M. Stake
May 28-- Tata Unveils Truck Lineup
May 27-- Chrysler Cures a Bankruptcy, but Tests Loom
May 24-- State of Paralysis
May 22-- Blue Double Cross
May 18-- U.S. to Issue Tougher Fuel Standards for Automobiles
May 18-- Ford Rejects Big Cuts in Dealer Network
May 18-- Overhaul Likely for Credit Cards
May 18-- Home Depot Girds for Continued Weakness
May 17-- The Perfect, the Good, the Planet
May 14-- Fiscal Suicide Ahead
May 12-- Ships Tread Water, Waiting for Cargo
May 12-- Trade Numbers Reflect Scope of Slump
May 12-- Insolvency for Social Security and Medicare Is Seen Closer
May 10-- Rising Credit Card Losses Are Next Challenge for Banks
May 10-- Obama Adviser Sees Unemployment Rising Until 2010
May 10-- China Emerges as a Leader in Cleaner Coal Technology
May 10-- Harry, Louise and Barack
May 7-- U.S. Says Ailing Banks Need $75 Billion
May 7-- Stressing the Positive
May 7-- GMAC, Among the Weakest, Seems in Line for a Bailout
May 7-- G.M., Leaking Cash, Faces Bigger Chance of Bankruptcy
May 7-- Markets in Asia Are Flat
May 7-- Central Banks in Europe Ease Credit Policies Again
May 5-- U.S. Says Bank of America Needs $33.9 Billion Cushion
May 5-- Asian Markets Jittery Over U.S. Bank Stress Tests
May 5-- Plan to Sell Chrysler to Fiat Clears Bar
May 5-- India, Suddenly Starved for Investment
May 5-- Bernanke Sees Hopeful Signs but No Quick Recovery
May 5-- Bright Spot in Downturn: New Hiring Is Robust
May 4-- Falling Wage Syndrome
May 3-- Tests of Banks May Bring Hope More Than Fear
May 3-- Worries Rise on the Size of U.S. Debt
May 3-- Buffett Criticizes Bank Stress Tests
May 2-- Chrysler’s Fall May Help Obama to Reshape G.M.

The National Post

May 30-- Magna seals deal for Opel
May 30-- Roger's tall challenges: New CEO takes it slow and steady
May 29-- Canada in deficit for the first time in a dozen years
May 29-- Chrysler bankruptcy forces Lee Iacocca to park his free car for life
May 29-- Suncor, Petrocan need each other's assets
May 29-- Loonie highest since October 7
May 29-- Writedown triggers loss for Royal Bank
May 29-- Tensions clog Opel talks
May 29-- 'Drag Me To Hell': Canadians buying into ailing automakers
May 29-- Canwest newspaper subsidiary defers interest payment
May 29-- Wanted: 'rusty' tool to cool Canadian dollar
May 29-- Magna to take over Opel: German officials
May 29-- Scotiabank strategy for credit losses will 'hurt': Desjardins
May 29-- Can money really buy happiness? Depends …
May 28-- Ottawa can sell the CANDU
May 28-- Bid to kill 'buy U.S.' hinges on provinces
May 28-- Flaherty won’t resign over $50B deficit: 'not a time for partisan games'
May 28-- The Conservative revolution flies under the radar
May 28-- CIBC narrows loss, TD grows adjusted profit
May 28-- GM sweetens deal for bondholders
May 28-- Economy's good. Gone fishin'
May 28-- Merkel urged to choose Magna as Opel buyer
May 27-- GM bond deadline passes, bankruptcy seen near
May 27-- What's Bank of Canada's take on the loonie?
May 27-- Canada poised to take stake in ailing GM
May 27-- Chrysler May sales tank, crucial bankruptcy ruling awaited
May 27-- Don't blame it on the economy
May 27-- U.S. faces Zimbabwe-sized inflation rate, Faber warns
May 27-- U.S. existing home sales rise 2.9% in April
May 26-- China's smart recovery
May 26-- B.C. deficit could be four times government estimates, forecasters predict
May 26-- Canfor Pulp downgraded to a 'sell'
May 26-- Canada deficits affordable, short-term: PM
May 26-- Germany presses Opel suitors, China bid emerges
May 26-- Flaherty warns deficit may top record $50-billion
May 26-- Brace for larger deficit: Flaherty
May 26-- Don’t blame deficit on the economy
May 26-- Bank of Montreal cuts 1,100 jobs as profit falls 44%
May 26-- CAW members approve GM deal
May 25-- GM's mom and pop investors gird for battle
May 22-- GM, Canadian auto workers reach pact to cut costs
May 22-- GM bondholders to reject offer, gird for bankruptcy
May 22-- Windsor eyed for electric car plant
May 22-- Magna gets early nod in race for GM's Opel
May 22-- U.S. to work with GM ahead of June 1 deadline
May 22-- GM slashes 240 dealers from Canada
May 22-- Manufacturing seen as smaller part of economy
May 22-- Canada well-placed for economic rebound: IMF
May 22-- Harper rejects call to ease job benefit rules
May 21-- Ottawa introduces new credit card regulations
May 21-- Canadians ignoring low-interest credit cards
May 21-- How your credit card bill profiles you as a consumer (or debtor)
May 20-- Day of reckoning for the U.S. dollar
May 18-- GM, Chrysler borrow from Toyota's playbook
May 18-- Oil sands output could rise to 6.3-million barrels a day: U.S. report
May 18-- American Express to cut 4,000 jobs
May 18-- World Bank: Global growth may resume late '09
May 16-- China holds sway over US$
May 15-- GM, CAW talks going in to the night
May 15-- GM to drop one in six dealers in the U.S.
May 15-- Oil sands crucial to energy mix: Imperial CEO
May 15-- Top Petro-Canada supporter against Suncor deal
May 13-- U.S. shoppers trample market's 'green shoots'
May 12-- Foreign bids for Nortel may be welcome
May 12-- Caisse ignored warning signs, committee hears
May 12-- Personal bankruptcies jump 57% in Canada
May 12-- Suzuki suspends output at Ingersoll plant
May 12-- Commodities help TSX get on an even keel
May 12-- Robert Friedland steps in as Potash One moves to raise funds
May 12-- Porter proves stiff competition for Air Canada, WestJet
May 11-- GM boss prepared to leave Detroit
May 11-- Economist sees signs strong rebound taking root
May 11-- Clement wants warning of GM Chapter 11
May 11-- Chrysler lawyers ask judge to pay them first
May 11-- Ford to sell 300 million common shares
May 11-- Nortel sells buildings, land to Calgary for $97-million
May 11-- Microsoft to raise US$3.75-billion in first bond offering
May 11-- Repair fight: Dealer purge raises service question
May 11-- Canada should stress trade with U.S. outside NAFTA: report
May 10-- Hiring people as 'upgrades to their desk'
May 10-- The best tax break you’ve never heard of
May 10-- Let's steal Florida Part IV
May 9-- The end of the road for GM; a new path for Chrysler
May 8-- ‘Esthetic of poverty’
May 8-- Canadians embracing a do-it-yourself recovery
May 8-- Debt holders battle political, judicial forces
May 7-- Potash expects supply to be tight for up to 10 years
May 7-- Here's the new boss, same as the old boss
May 7-- Ten U.S. banks need to raise a total of US$75B
May 7-- Let the curtain rise on GM, the drama
May 7-- Manulife, Sun Life hit by market losses
May 7-- Canada kicks off trade fight with U.S.
May 6-- Washington courts Bay Street to buy banks
May 6-- TSX closes above 10,000 as investors turn bullish
May 6-- Economy faces more shocks and setbacks, Carney warns
May 6-- Recession robs Canadians of sleep and productivity
May 6-- Clement 'playing hard ball' with Stelco owner
May 6-- Enbridge outlines plans for four pipeline projects
May 5-- The 'steady midnight guy' waits on Chrysler
May 5-- Bernanke sees U.S. recovery this year
May 5-- Libor falls to historic low as credit thaws
May 5-- Fed says U.S. decline slowing; no further debt buying
May 5-- Home sales uptick hints of slump easing
May 5-- Bernanke sees U.S. recovery this year
May 5-- WestJet earnings fall, but beat estimates
May 5-- Detroit adapts to the new reality
May 5-- EU votes to ban seal products
May 5-- Chrysler lenders seek secrecy in bankruptcy case
May 4-- Chrysler gets court OK on loan
May 4-- Chrysler must restructure in 60 days or die, court hears
May 3-- Conditions right for economic recovery later in year: BOC's Carney
May 3-- Technology the new engine of central Canada
May 2-- Chrysler socialism is real capitalism
May 1-- The Road Ahead: Honda, Toyota and Ford are now in the spotlight
May 1-- 'We are done with the freefall': Scotia's Jestin

The Globe and Mail

May 31-- GM set for bankruptcy protection
May 31-- Can the Volt recharge GM?
May 31-- Canada should use its Detroit foothold
May 31-- U.S. economy on the mend, Geithner says
May 31-- U.S. economic slump eases
May 31-- 'We want to build Opel cars in Canada'
May 31-- Two German states approve Opel funding
May 31-- Canada gets no respect – from Canadians
May 29-- Royal Bank loses $50-million
May 29-- Canadian dollar on a roll
May 29-- U.S. economic slump eases
May 29-- Fiat boycotts Berlin meeting on Opel
May 29-- Canada set to take large stake in GM
May 29-- Tata Motors profit plunges 51 per cent
May 29-- Air Canada 'on the ropes,' WestJet CEO says
May 29-- Oil surges above $65
May 28-- Arctic contains 13% of remaining oil
May 28-- $1.4-million for every job saved
May 28-- Canadian taxpayers to hold GM shares
May 28-- Auto bailout costs soar
May 28-- Deficit means years of restraint
May 28-- From surplus to deficit
May 28-- Liberals go for jugular
May 28-- Charges send CIBC to $51-million loss
May 28-- Pension woes grip Air Canada
May 28-- Costco sales continue to soften
May 28-- Obama says U.S. economy is “back from the brink”
May 28-- Dell profit plummets 63 per cent
May 28-- More than 70 CBC workers take retirement
May 27-- EI claims soar but pace of layoffs eases
May 27-- GM's bond swap fails; bankruptcy is next step
May 27-- GM pools Opel and Vauxhall ahead of sale
May 27-- Buying Opel: A look at the four bidders
May 27-- Deficit swells from $34-billion to $50-billion – in 4 months
May 27-- It's deep breath time
May 27-- Most U.S. economists see recession's end this year
May 27-- Stocks dip as GM gets closer to bankruptcy
May 27-- Canadian corporations feel the recession's bite
May 27-- Catalyst Paper plans to cut 100 jobs
May 26-- Goodale’s gotcha?
May 26-- S&P starts Canadian stock index defined by Islamic law
May 18-- ‘Tiny steps of progress' in GM, CAW talks
May 18-- Goldman, Morgan seek to repay TARP
May 18-- Volkswagen, Porsche tie-up looks less likely
May 18-- Model economy? Consider Italy
May 18-- Greenpeace targets Statoil's oil sands plans
May 18-- Casinos pinched by stumbling economy
May 18-- American Express to cut 4,000 jobs
May 12-- GM chiefs dump their shares, and investors follow
May 12-- ‘All is not on the mend in Canadian trade'
May 12-- Aeroplan on shopping trip
May 12-- Consumer bankruptcies soar
May 12-- Non-bank ABCP seemed solid, Caisse says
May 12-- Oil hits $60-a-barrel mark
May 12-- Desjardins raises target prices for Canadian banks
May 12-- The rich, shadowy Bilderberg group
May 12-- Bakery business sale boosts George Weston
May 11-- Canada still in 'strong slowdown:' OECD
May 11-- Ford offers 300 million new shares
May 11-- GM bankruptcy likely, CEO says
May 11-- China to surpass U.S. as main economic driver, Soros says
May 11-- China confident on economic upturn
May 11-- New home prices edge lower
May 11-- AIG sells Japan headquarters for $1.2-billion
May 11-- CanWest offered lifelines
May 11-- Bombardier confirms $1.1-billion Paris deal
May 11-- Its superstores stalling, Canadian Tire gets 'smart'
May 11-- World markets dip as rally runs out of steam
May 9-- Victoria Times Colonist to scrap Monday edition
May 9-- Vancouver scores coup with Pixar studio
May 9-- Dissident Chrysler debt holders disband
May 8-- 'Glimmers of hope' as some find work, others work for themselves
May 8-- Leak discounted in sudden rise of the loonie
May 8-- At Manulife, new rules for a new game
May 7-- Stress test results provide ‘clarity'
May 7-- BCE, Telus join forces on satellite TV
May 7-- GM bankruptcy likely, CAW says
May 7-- GM's loss hits $6-billion
May 7-- 'So lucky we didn't get it'
May 7-- Fiat head Sergio Marchionne to become Chrysler CEO
May 7-- Canadian gas stations in decline: survey
May 7-- Potash Corp. forecasts tight potash supply
May 7-- A bit more traffic, much more spending at Shoppers
May 7-- Inflation worries push gold higher
May 7-- Tim Hortons profit rises
May 6-- How a good plan went bad
May 6-- Markets maintain heady pace, but is all this optimism justified?
May 6-- As foreigners walk, Ottawa's talk turns tough
May 6-- Bank backstops needed at least until next year: Carney
May 6-- Pass or fail, U.S. banks bow again to Washington
May 6-- Magna halts dividend as sales plunge
May 6-- Abitibi wins Quebec debtor funding
May 6-- Oil surges to 2009 high
May 5-- Recession over this year, Bernanke says
May 5-- Markets ‘just drifting around' after Monday's gains
May 5-- Chrysler may not repay government loans: Flaherty
May 5-- 'Low likelihood' Chrysler loans will be repaid
May 5-- Food inflation lifts Loblaw
May 5-- CanWest faces new debt deadline
May 5-- Life insurers face $1.6-billion in losses
May 5-- Quebec risks jobs over Abitibi clause, court told
May 3-- Fiat in talks to buy GM Europe
May 3-- How Walter's dream became a nightmare
May 3-- The auto industry's future: Virtual mergers
May 2-- Buffett praises government actions on economy
May 2-- Shaw's TV deal is all about the optics
May 1-- An auto maker ‘clearly in a different place'
May 1-- A courtship that spanned the globe
May 1-- Ex-Abitibi head joins creditor queue
May 1-- Parts shortage halts Chrysler plants
May 1-- Not cleared for takeoff
May 1-- Canfor to restart Mackenzie mill
May 1-- Canadian auto sales fall 17.8 per cent
May 1-- Consumer insolvencies to skyrocket: TD

The Toronto Star

May 31-- GM's rebirth begins now
May 31-- Opel newest gem in Frank Stronach's crown
May 31-- Real estate bidding wars make a comeback
May 30-- WestJet's commission cut dismays travel agents
May 30-- UAW agrees to cut GM's labour costs
May 30-- Royal Bank reports first loss since 1993
May 29-- GM now a penny stock
May 29-- Crisis to ease by early 2010, IMF chief says
May 29-- WestJet CEO swipes at Air Canada
May 29-- Banks told to act on card concerns
May 29-- Canadians may own 10% of new GM
May 29-- U.S. economy shrinks 5.7 per cent
May 28-- Port of Montreal container traffic down 10% in Q1
May 27-- Exxon shareholders reject climate change resolutions
May 27-- GM bankruptcy likely after plan rejected
May 27-- Global economy worse than expected, UN says
May 27-- Stocks lower as U.S. bond prices slump
May 27-- Chrysler in court for key bankruptcy hearing
May 27-- Layoffs loom as BMO profits shrivel
May 27-- Laurentian Bank profit slips to $21.2M
May 9-- Big spike in number of homes lost in GTA
May 9-- Buy Canadian, unions tell Canada Post
May 9-- Dissidents abandon Chrysler court fight
May 8-- Fannie Mae seeks $19B in additional aid
May 8-- Chinese auto sales hit record high
May 8-- Air Canada plunges on soaring loss
May 7-- Credit card promotion alarms independent grocers
May 7-- CAW fears GM bankruptcy
May 7-- Sun Life blames loss on poor market conditions
May 6-- Canada issues warning to U.S. Steel
May 6-- Canada starts free trade talks with EU
May 6-- U.S. bank stress tests released Thursday
May 3-- Ruling casts chill over ability to collect legal fees
May 3-- The boom, bust and echo of the Emerald economy
May 2-- Is history repeating itself?
May 2-- Ontario resorts brace for rocky summer
May 2-- Vehicle sales and leases fall 17.8%
May 2-- Chrysler to close five more plants by the end of 2010

Vancouver Papers

May 31-- GM trundles toward bankruptcy, but questions remain
May 28-- Province's property tax meddling yields predictable unfairness
May 28-- Vancouver tops losers in housing slump
May 27-- There's light at the end of the economic tunnel, and it's not a train
May 25-- World economy seen behaving like a teenager
May 8-- B.C. gains 17,000 new jobs as Metro Vancouver unemployment drops
May 8-- Pixar to open satellite studio in Vancouver
May 8-- Gaming with Microsoft
May 7-- B.C. exports expected to fall 23%
May 6-- NDP candidate 'convicts' forestry of stumpage abuses
May 6-- Value of Metro Vancouver building permits plunges in March
May 6-- B.C. housing prices still under pressure to fall, Scotia Economics says
May 5-- eBay to close Burnaby facility; about 700 jobs lost
May 5-- B.C. housing prices still under pressure to fall: Scotia Economics
May 5-- Vancouver stock promoter offers to buy Mackenzie pulp mill
May 5-- B.C. mining industry posts record financial results
May 3-- Brace yourself - more job numbers coming up

No comments: