Montreal-based SNC-Lavalin Group Inc. and two of its divisions have been charged with corruption and fraud, the RCMP says.
Category: Business
German-Led Bloc Willing to Let Greece Leave Euro: Malta – Bloomberg
Telegraph.co.ukGerman-Led Bloc Willing to Let Greece Leave Euro: MaltaBloomberg(Bloomberg) — Greek Finance Minister Yanis Varoufakis returns to Brussels for a third meeting in two weeks with his euro-area counterparts in an effort to strike a deal that will let Europe's most-indebted country avoid default. The …
Sports Authority said to be at ‘high’ risk of default
Sports Authority is the latest retailer to find itself at risk of running out of cash.
Apple sued by A123, accused of poaching auto battery engineers
Battery maker A123 Systems is suing Apple, claiming it aggressively poached some key staff members in violation of their nondisclosure and noncompete agreements when they left A123. According to a lawsuit filed in U.S. District Court in Massachusetts, A123 is seeking a restraining order and preliminary injunction to stop …
Google is going to end mobile wireless data charges for millions of new customers (GOOG)
Google is planning to end charges for data usage on Android apps in developing countries, according to a report from The Information. It’s in keeping with what we know of Google’s long-term strategy for dominance. The practice of waiving data charges is called a “zero rating.” It’s a …
Greece bailout talks collapse
Talks between Greece and eurozone finance ministers over the country’s debt broke down on Monday when Athens rejected a proposal to request a six-month extension of its international bailout as “unacceptable”.
European Stocks Shrug Off Greece Fears – Wall Street Journal
Wall Street JournalEuropean Stocks Shrug Off Greece FearsWall Street JournalEuropean equity markets largely shrugged off the collapse of crucial negotiations over a new financing deal for Greece, with the euro chalking up strong gains as investors continue to bet that a deal will be reached to secure the country's …
Oil Rises as OPEC Producers Signal Optimism Over Market Recovery
Futures advanced as much as 1.2 percent, gaining for the third time in four days. There’s a sense of optimism in rising prices and the trend has changed over the past two weeks, Qatar’s Energy Minister Mohammed bin Saleh Al Sada said on Monday.
Princeton receives record $300 million donation in rare books
Princeton University just received the largest gift in its 269-year history: $300 million worth of rare books and manuscripts, including the first printed editions of the Bible and the Declaration of Independence.
Greek economy shrinks 0.2 percent quarter-in-quarter in fourth quarter of 2014 – Reuters
ReutersGreek economy shrinks 0.2 percent quarter-in-quarter in fourth quarter of 2014ReutersATHENS (Reuters) – Greece's economy contracted slightly in the last quarter of 2014 compared to the previous three-month period, a flash estimate by the European Union's statistics service Eurostat showed on Friday. The estimate on gross domestic product, ……
Oil just spiked
The oil market is moving. WTI crude just jumped by a dollar to $52.88 per barrel, which is 3{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} higher from yesterday’s close. More to come…Join the conversation about this story » NOW WATCH: Nationwide’s Super Bowl commercial about dead children is about corporate profits … in a way that …
Why Target Canada discounts are so meagre during liquidation sale
They expected door crashers and deep price cuts, but a little more than a week into Target Canada’s liquidation sales, some shoppers are complaining about what they didn’t expect: meagre discounts.
U.S. carriers meet voluntary deadline for unlocking mobile phones
Unlocking a mobile phone from a single U.S. carrier has caused consumers headaches in recent years, but seven major carriers on Wednesday met a voluntary, industry-created deadline to set conditions for unlocking to occur. The Federal Communications Commission congratulated the carriers in a blog .
The Upload: Your tech news briefing for Tuesday, February 10 – PCWorld
LivemintThe Upload: Your tech news briefing for Tuesday, February 10PCWorldQualcomm pays up to end investigation in China. The Chinese goverment has fined chip-maker Qualcomm about US$975 billion for abusing its dominant position in the market, including overcharging local mobile device manufacturers. Qualcomm's …With Antitrust Deal Done, Qualcomm Still …
Tesla is at a crossroads (TSLA)
Tesla reports fourth-quarter earnings this week. For the most part, analysts and observers of the electric-car maker’s fortunes are expecting CEO Elon Musk to report that Tesla delivered fewer cars in the last three months of 2014, and for the whole of the year, than predicted. But whether Tesla…
Ottawa’s anti-terror, corruption crackdowns show the problem with rushing in
Ottawa has taken two strong initiatives linked to the troubled world, one designed to counter corruption by Canadian firms abroad, the other to confront the jihadist threat at home. Both have gaps with how the world really operates, Brian Stewart writes.
DBS Posts Lowest Profit Since 2012 as Trading Income Slumps
Net income including one-time items fell to S$838 million for the three months ended Dec. 31 from S$973 million a year earlier, the Singapore-based bank said in an exchange statement Tuesday. That missed the average forecast of S$1 billion in a Bloomberg survey of four analysts, and was the …