Ontario Lottery and Gaming looking for private companies to run casinos
Keith Leslie, The Canadian Press
17 May, 2012 0
TORONTO - Ontario Lottery and Gaming announced Thursday it was looking for private companies to run casinos in different areas of the province, including Toronto and Ottawa and as far north as Thunder Bay. OLG issued a request for information from the private sector after dividing the province int
Facebook set to price initial public offering, could raise $16 billion or more
Barbara Ortutay, The Associated Press
17 May, 2012 0
NEW YORK, N.Y. - Facebook's initial public offering is shaping up to be one of the largest in history. It's expected to be a big payoff for a company that started out eight years ago with no way to make money. Facebook Inc. will likely price its IPO late Thursday, meaning that the investment banks o
Kobo investor Rakuten invests US$100 million in social media site Pinterest
The Canadian Press
17 May, 2012 0
TORONTO - The Japanese e-commerce firm that bought e-reader company Kobo Inc. is now picking up a major stake in social media site Pinterest. Tokyo-based Rakuten Inc. will invest US$100 million into the website, which launched in 2010 but has experienced a surge in popularity this year. Pinterest is
Gold, energy stocks support TSX; market held back by financials on Greek anxiety
Malcolm Morrison, The Canadian Press
17 May, 2012 0
TORONTO - The Toronto stock market held onto a small gain Thursday afternoon as energy and gold stocks advanced after worries about the future of the eurozone had pushed commodity prices to multi-month lows earlier this week. The S&P/TSX composite index climbed 26.76 points to 11,352.84. But that wa
Rogers shows off new model for retail stores, to be rolled out in 6 provinces
The Canadian Press
17 May, 2012 0
TORONTO - As the last of its DVD rentals are sold off, Rogers is showcasing the new design of its retail stores, which the company says will provide a more tailored service to customers. The telecom giant held a tour of its new concept store in downtown Toronto on Thursday, a day before the location
Review: Facebook archive underscores how network is about connections, not data
Anick Jesdanun, The Associated Press
17 May, 2012 0
NEW YORK, N.Y. - In my five years on Facebook, I've shared a lot of photos, links and other tidbits about my life. I've commented on what my friends share, and I've endorsed plenty of their posts by hitting the "like" button. I've gained Facebook friends over the years, and I've lost some. With Face
Sears Canada shares drop 13 per cent as U.S. holding company plans to cut stake
The Canadian Press
17 May, 2012 1
TORONTO - Shares of Sears Canada dropped more than 13 per cent Thursday after its U.S. parent announced plans to dramatically reduce its holdings in the troubled department store chain ahead of a possible complete divestment. Sears Canada shares were down $1.76 at $11.39 in early afternoon trading o
Oil dips below US$93 as traders monitor effect of Greek turmoil on eurozone
The Associated Press
17 May, 2012 0
NEW YORK, N.Y. - Oil remained below US$93 a barrel Thursday as prices failed to gain much traction amid a sharp, two-week sell-off as traders monitored Europe's debt crisis and its potential impact on global growth. Benchmark West Texas Intermediate crude for June delivery was up eight cents at $92.
New Brunswick proposes to fine companies up to $1M if they break energy rules
The Canadian Press
17 May, 2012 0
FREDERICTON - New Brunswick is proposing to fine energy companies up to $1 million if they violate new rules governing the province's oil and natural gas industry. That is one of 116 recommendations contained in a discussion paper released today by the provincial government. The recommendations addr
European crisis forces Canadian investors to endure another roller coaster ride
Ross Marowits, The Canadian Press
17 May, 2012 0
MONTREAL - Here we go again. Canadian investors are enduring another white-knuckled roller coaster ride as markets feel the pinch from Europe’s economic turmoil. The situation may not be as devastating to Canada as the 2008-2009 financial crisis, but the value of individual investments are being hur
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