Enbridge Inc. is poised to win government approval as soon as today for its proposed Northern Gateway pipeline to the Pacific coast, a major step for the project that still faces opposition from aboriginal and environmental groups.
For 40 days, the Standard & Poor’s 500 Index has failed to post a gain or loss exceeding 1 percent, the longest stretch of calm since 1995. That’s squashing demand for options that protect against turbulence.
There’s an obvious reason why price tags read $19.99 or $9.99 rather than $20 or $10. That lost penny in sales, it’s believed, is more than made up for by the fact that a $19.99 item sounds a lot cheaper than a $20 item.
John Manley , who chaired a meeting of global executives that coincided with the Group of 20 leaders summit last month, said there is a consensus among business chiefs worldwide that government deficits are the biggest threat to an economic recovery.
U.S. stocks fell, after an earlier rally sent the Standard & Poor’s 500 Index above its closing record, as concern about escalating tension in Ukraine overshadowed data showing payrolls rose the most in two years.