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Giving thanks for big stock gains

NEW YORK - U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.

Recent Business News

Aviva in $8.8 billion deal to buy Friends Life after pensions shake-up

LONDON - British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for 5.6 billion pounds ($8.8 billion) as British pension reforms put pressure on insurance companies to find new business.

21 Nov 2014

American Airlines unit to transfer 50 regional aircraft, cut jobs

- American Airlines Group Inc subsidiary Envoy Air plans to transfer at least 50 Embraer 145 aircraft to other regional carriers beginning in early 2015 in a move that will lead to job cuts, according to an internal letter reviewed by Reuters.

21 Nov 2014

Honda in talks with other suppliers for Takata air bag fix: WSJ

DETROIT - Honda Motor Co is in talks with two air bag suppliers to help it stock replacement parts for defective Takata Corp air bags, the Wall Street Journal reported on Friday, citing people aware of the planning.

21 Nov 2014

Canada sees Burger King/Tim Hortons decision before Christmas

VANCOUVER - The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc of Canada's iconic coffee-and-donut Tim Hortons Inc , Industry Minister James Moore said on Friday.

21 Nov 2014

Bank of America hires U.S. officials for financial crime team

- Bank of America has hired two U.S. government officials to join its financial crimes team, according to three people familiar with the matter, as banks are under increasing pressure to police their transactions for suspicious activity.

21 Nov 2014

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