Twin car bombs hit a Protestant church in a major military establishment in northcentral Nigeria, officials said Sunday, a month after a church bombing in the same state killed at least seven people and injured more than a hundred others.
Canada bank profits seen rising despite housing woes
TORONTO (Reuters) – Slowing housing activity and uncertain financial markets will not stop Canada's banks from reporting solid increases in quarterly profit starting this week, although recent gains in their shares mean it migh t take blockbuster results to push the stocks much higher. Blockbuster earnings are plausible, given that Canada's big banks all topped estimates in the previous August reporting period. But few see that happening again in the banks' fiscal fourth quarter, due to an expected decline in trading revenue and higher expenses. … John Lewis weekly sales up 11 percent, hit November record
LONDON (Reuters) – Britain’s biggest department store group John Lewis saw sales rise 11 percent in the week to November 24 compared to a year ago, marking the first time ever that November sales rose above 100 million ($160 million). The company said on Sunday that department store sales in the week totaled 109.6 million pounds, 19.6 percent above the previous week’s figure. Sales were driven by strong demand for technology products such as tablet computers, radios, cameras and coffee-making machines, as well as items for the home such as furnishings and Christmas trees. …
Grammy-winning bassist injured in Swiss bus crash
Grammy-winning jazz bassist Marcus Miller and several members of his band were injured when their bus overturned Sunday on a busy highway in Switzerland, killing the driver, police said.
Official: Blast hits military church in northcentral Nigeria; casualties unknown.
LAGOS, Nigeria – A blast has hit a church in a major military establishment in northcentral Nigeria, an official said Sunday, a month after a church bombing in the same state killed at least seven people and injured more than a hundred others.
Argentina to appeal whole bond decision: media
BUENOS AIRES (Reuters) – Argentina will to go an appeals court in New York on Monday to challenge the ruling of a U.S. judge who last week issued a decision that raised the specter of a technical default by the South American country, a newspaper said. A decade after committing the biggest sovereign default in history, Argentina faces another crisis after a U.S. court ordered it to pay $1.3 billion to holders of defaulted bonds. About 93 percent of Argentine bondholders agreed in 2005 and 2010 to swap defaulted debt from the 2002 default for new paper at a steep discount. …
International arbitration for tax disputes, 'baseball' style
WASHINGTON (Reuters) – The United States is undefeated in the nearly two years since it began settling corporate tax disputes with Canada through a winner-takes-all process popularly known as baseball arbitration. Tax lawyers and accountants in both countries said the U.S. Internal Revenue Service had won three of the binding decisions and Canada none. They said the IRS had collected a significant sum of money, possibly in excess of $100 million. Launched in December 2010, the arbitrations follow the rules for resolving salary disputes between Major League Baseball players and their teams. …
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