by Russ Wiles - Jul. 25, 2008 08:31 PM Banking regulators Friday closed Scottsdale-based First National Bank, arranging a purchase of all deposits by Mutual

By John Poirier WASHINGTON (Reuters) - US regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank

TORONTO (Reuters) - Even if high-profile Canadian companies turn in a stellar performance this earnings season they are unlikely to prevent the Toronto Stock Exchange from succumbing to the economic gloom drifting up from the United States. Market heavyweights like EnCana Corp and Potash Corp of Saskatchewan Inc posted rosier than expected quarterly results this week. But if there was any ensuing cheer among investors there was little sign of it on the market.
Ottawa holds Air Canada to layoff rule obligations
ns are expected to remain under pressure for the rest of this year.