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Toronto edges out Chicago as North America's 4th largest city

Toronto has overtaken Chicago as North America's fourth largest city after a sharp surge in downtown construction.

Iceland off the hook in Icesave case

Iceland is within its right to refuse payment to the British and Dutch governments for a financial bailout during the financial crisis a court has declared.

Starbucks profits soar on sales in US, Asia

Starbucks' profit jumped 13 percent in the latest quarter on domestic and global sales.

Ron Kirk, top US trade representative, stepping down from post

Top US trade representative Ron Kirk said Tuesday that he was stepping down from his position in February.

Lloyd Blankfein's massive bonus puts him back on top

Goldman Sachs CEO, Lloyd Blankfein, just got a little richer.

Dreamliner grounded by FAA over safety concerns

The Federal Aviation Administration in the US has halted all Boeing 787 Dreamliner flights among US carriers after safety concerns.

GlobalPost to Open New York Sales Office, Appoints John J. McMenamin Chief Revenue Officer

The award-winning world news site GlobalPost is opening a sales office in New York City and has appointed media-industry veteran John J. McMenamin as Chief Revenue Officer. It will be the first time GlobalPost has had a sales office in New York since it launched in 2009. 

Bank of America to pay Fannie Mae billions for bad mortgages

"A favorable resolution of this long-standing dispute between Fannie Mae and Bank of America is in the best interest of taxpayers," Bradley Lerman at Fannie Mae said.

Publisher Tribune leaves bankruptcy after 4 years

It's an especially happy New Years Eve for employees and new owners of the publisher Tribune Co. The parent company of the Chicago Tribune, The Los Angeles Times and several broadcast outlets emerged from Chapter 11 restructuring on Monday, four years after it first filed for bankruptcy protection. The Chicago-based media giant has a new board of directors and new ownership including the hedge fund Oaktree Capital and Angelo, Gordon & Co, and JPMorgan Chase & Co. 

Flying has never been safer, says new data

Those who are afraid of flying can take this to heart next time they board a plane: this year was the safest ever to fly.
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