Category: Headlines
In a good spot — Oil-heavy Aroway is a likely takeover target
With no end in sight to uneconomical natural gas prices, Canadian energy companies strive ceaselessly to improve their oil-to-gas production ratios
Case questions IIROC jurisdiction
Barry Critchley: One month ago, Mark Rotstein and Jessica Zackheim, formerly with RBC Dominion Securities and now with Scotia Capital, reached a settlement with the Investment Industry Regulatory Organization of Canada over passing off their signatures as those of their clients. But a letter from a person claiming to be a former RBC broker raised some interesting questions about the process behind IIROC’s decision
Bombardier launches new Learjet business jets
Bombardier Inc. launched two new Learjet business jets Monday that will replace its smallest entry-level executive jets, while Qatar Airways said it would buy 10 of its new larger Global executive jets
Cameco to buy uranium broker for US$136M
Saskatoon uranium producer Cameco Corp. said Monday it has agreed to purchase Nukem Energy GmbH, a broker of nuclear fuel products and services for US$136-million
Best Buy investigation finds former CEO, chairman of the board acted inappropriately
Best Buy Co. Inc said that former Chief Executive Officer Brian Dunn violated company policy by engaging in an extremely close personal relationship with a female employee and that the chairman of the board acted inappropriately when he failed to bring the matter to the audit committee when he first learned about it
Australia says shale could double its gas resources
Australia, the world’s fourth-largest exporter of liquefied natural gas (LNG), could have enough shale gas resources to double its gas resource base and expand its growing export industry, a government report said on Monday
Eurozone collapse could play out in a matter of months: Krugman
Economist Paul Krugman has some news for those shrugging off Greece’s exit from the eurozone: he says if the country leaves, it’s taking the whole eurozone with it
Spain banks set aside extra US$19-billion for clean up
Spain’s top five lenders will set aside an extra 15-billion euros (US$19.4-billion) in provisions to cover risky property deals, heaping pressure on their finances as the country battles to restore confidence in its banking industry
Ally Financial’s mortgage unit files for bankruptcy
Ally Financial Inc’s mortgage unit on Monday filed for bankruptcy and the auto lender said it will sell some international operations to help it get on a path to repaying US$12-billion in bailout money
Silver Wheaton posts record first-quarter revenues, profit
Silver Wheaton Corp. reported a first-quarter profit of US$147-million, or 42 cents per share, Monday morning, an increase of 20% from $122-million during the same period last year
