http://businessnewsweblog.com Economic and Business Thu, 11 Mar 2010 07:33:04 +0000 http://backend.userland.com/rss092 en Canadian Prime Minister Stephen Harper’s five-year plan to cut defense spending, foreign aid and government operations won’t be rejected by opposition lawmakers, putting the country on course to be the first in the Group of Seven to erase its deficit. Finance Minister Jim Flaherty, 60, released a ... http://businessnewsweblog.com/canada-freezes-spending-to-be-first-in-g-7-to-erase-deficit/ Growth in the number of people tweeting and friending from their mobile devices is keeping pace with increases in subscribers to social networks. A new study by comScore shows that 4.7 million people accessed Twitter on their mobile phones in January 2010, up 347 percent jump compared to last ... http://businessnewsweblog.com/facebook-twitter-mobile-use-soars/ There was a time when Sarah Truckey had a close relationship with her blog. The St. Louis-based freelance writer visited it every couple of days, sharing stories and thoughts with anyone willing to read them. But today, the intervals between visits are growing longer as Truckey, 25, increasingly ... http://businessnewsweblog.com/still-blogging-fyi-its-old-news/ Programs at the University of Cincinnati and Miami University are among 14 Health Care/Biomedicine Centers of Excellence across the state announced by Ohio Gov. Ted Strickland. UC’s newly named state center of excellence, Transforming Health Care in the 21st Century, focuses on the neurosciences; environmental health and cancer; pediatrics; ... http://businessnewsweblog.com/uc-miami-rank-as-centers-of-excellence/ Just as they are contending with massive gaps in their operating budgets, states and localities must also deal with a $1 trillion deficit in public employees' retirement benefits' funds, a new report found.The shortfall amounts to more than $8,800 for every household in the nation, according to the ... http://businessnewsweblog.com/states-short-1-trillion-to-fund-retiree-benefits/ Wednesday marks the one-year anniversary of the stimulus bill, and from here on out the pace of spending should pick up, according to administration officials.The federal government expects to spend more money on projects -- such as high-speed rail -- rather than payments to states and individuals, according ... http://businessnewsweblog.com/stimulus-one-year-later/ London home sellers raised asking prices to a record high this month as they took advantage of a “stock-starved” housing market, Rightmove Plc said. The average cost of a home in the capital jumped 5 percent to 427,987 pounds ($671,000), the most since records began in 2002, ... http://businessnewsweblog.com/london%e2%80%99s-%e2%80%98stock-starved%e2%80%99-housing-market-reaches-price-record/ Chipotle Mexican Grill Inc. Thursday posted sharply higher fourth-quarter profit as restaurant openings and higher menu prices helped push revenue up 12 percent. The Denver-based fast-casual restaurant chain known for its bulging burritos (NYSE: CMG) posted quarterly net income of $31.6 million, or 99 cents a share, up from ... http://businessnewsweblog.com/new-stores-help-boost-chipotle-profit-revenue/ A decade-old medical technology startup called Disc Dynamics Inc. has closed its doors and is selling off its assets, according to reports. The Eden Prairie-based company was developing a treatment for lower back pain, but never got its product approved by the U.S. Food and Drug Administration. Former CEO ... http://businessnewsweblog.com/med-tech-firm-disc-dynamics-shutting-down/ Department of Transportation Secretary Ray LaHood said Wednesday that owners of Toyotas affected by the recall should bring their cars to a dealer."My advice is if you have one of these vehicles, if you have a doubt, take it to Toyota today," LaHood told reporters after a hearing ... http://businessnewsweblog.com/concerned-ask-your-toyota-dealer/