Northern Exposure: Could Canada’s Recovery Stall?

Canada’s job numbers are finally improving, but if its dollar stays strong against the U.S. greenback recession could quickly return

Arctic to be ice-free in summer in 20 years: scientist

LONDON (Reuters Life!) – Global warming will leave the Arctic Ocean ice-free during the summer within 20 years, raising sea levels and harming wildlife such as seals and polar bears, a leading British polar scientist said on Thursday.

New York Times scraps plan to sell Boston Globe

NEW YORK (Reuters) – The New York Times Co said it has given up its plan to sell The Boston Globe and related businesses after drastic cuts it imposed on the daily newspaper earlier this year improved its financial position.

Xstrata drops Anglo merger plan on "value"

LONDON (Reuters) – Mining group Xstrata Plc gave up pursuit of rival Anglo American on Thursday due to “value” issues after many Anglo shareholders rejected its merger of equals proposal and demanded a premium.

Buoyant earnings boost stocks, hit dollar

LONDON (Reuters) – Buoyant corporate earnings lifted investors sentiment again on Thursday, sending world stocks to near 13-month highs.

Private equity firms turn flexible to make deals: RBS

SEOUL (Reuters) – Private equity houses, including U.S. firms Blackstone and KKR , are showing greater flexibility in approaching target assets as they face more pressure to deploy their capital, an M&A banker said.

AB InBev sells eastern Europe ops to CVC for $2.2 billion

BRUSSELS (Reuters) – Anheuser-Busch InBev, has agreed to sell breweries in nine eastern European countries to CVC Capital Partners for an initial $2.23 billion, passing its target for divestments since its merger a year ago.