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R.R. Donnelley ups bid for Quebecor World
U.S. printing company R.R. Donnelley & Sons. Co. of Chicago has increased its offer for competitor Quebecor World, a filing with U.S. regulators shows.
Donnelley, which originally bid $1.3 billion US for Montreal-based Quebecor, has added about $200 million in cash and stock to its offer and “confirmed our intention to assume significant pension liabilities,” it […]
Pace of job losses in U.S. slowed in May
Employers in the United States in May cut their payrolls by 345,000 — a much smaller drop than the 520,000 reduction expected by economists — but that was the smallest job loss since September.
While the pace of layoffs in the U.S. may be showing signs of easing, the unemployment rate in the U.S. rose by […]
Canadian companies sell more bonds, borrow less cash in Q1
Canadian companies sliced their corporate borrowings by more than half in the first three months of the year, Statistics Canada said Tuesday.
The agency said Canadian non-financial firms borrowed $25.5 billion for the first quarter of 2009. That represented a decline of more than 55 per cent from the October-to-December period of 2008, when companies tapped […]