- Toronto mayor avoids questions about crack video
TORONTO (AP) — Toronto Mayor Rob Ford continued to duck questions Tuesday about a video that purportedly shows him smoking crack cocaine despite calls by allies and rivals for further comment.
- SolarWinds to buy Canadian company for $120M
SolarWinds Inc. has agreed to buy a Canadian software maker for $120 million.
Austin-based SolarWinds (NYSE: SWI) last week agreed to acquire N-able Technologies International Inc., which develops remote monitoring and management and service automation software for managed service providers, according to a Tuesday filing with the U.S. Securities and Exchange Commission.
The filing doesn’t indicate when the deal is scheduled to close.
Ottawa-based N-able was founded in 2000.
- D.C. organizing biz trade missions to Colombia, South Africa, Toronto
Interested in globe hopping for the sake of your business? Now's your chance, with ExportDC.
The District's Department of Small and Local Business Development on Tuesday released its calendar of upcoming trade missions to the membership of the D.C. Chamber of Commerce. Between June and September, they'll hit four continents, a pair of Caribbean islands and, for those wanting to stay closer to home, Raleigh, N.C.
Through ExportDC — a partnership of the District, the Small Business Administration…
- Bank of Canada's Carney says Europe needs big reforms
By Leila Lemghalef MONTREAL (Reuters) - Europe could face a decade of stagnation unless it makes big reforms and should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to bolster growth. In his final speech as Canadian central bank chief before taking over the Bank of England on July 1, Carney said Europe's recessionary economy is being held back by fiscal austerity, low confidence and tight credit conditions. "Deep challenges persist in its financial system. ...
- Carney to Europe: Learn from Japan the dangers of half measures
OTTAWA (Reuters) - Europe could face a decade of stagnation unless it makes big reforms and should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to bolster growth. In his final speech as Canadian central bank chief before taking over the Bank of England on July 1, Carney noted that Europe's recessionary economy is being held back by fiscal austerity, low confidence and tight credit conditions. "Deep challenges persist in its financial system. ...
- Canadian PM says growing expenses scandal a distraction
OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper dismissed a mushrooming expenses scandal in the Senate as a distraction on Tuesday and urged his Conservative legislators to focus on the economy. But Harper, facing the biggest crisis since he won power in early 2006 with promises to clean up government, also said he was "very upset" by the behavior of some parliamentarians and officials in his office. ...
- TSX may open higher in catch up after long weekend
(Reuters) - Canada's main stock index looked set to open slightly higher, catching up with gains in global equity markets following a Canadian long weekend, as investors cautiously awaited the release on Wednesday of minutes from the latest U.S. Federal Reserve meeting. TOP STORIES * British inflation fell twice as fast as expected last month, giving incoming Bank of England governor Mark Carney more leeway to support the economy with more stimulus should the recovery weaken. ...
- Canada's Harper under cloud after chief of staff resigns
By Randall Palmer OTTAWA (Reuters) - Canada's Conservative Prime Minister Stephen Harper was under intense pressure on Monday to reassure voters that his administration is above reproach amid questions surrounding a secret check paid to Senator Mike Duffy. "There's been nothing under this prime minister's watch that's tied him so closely to such a massive ethical scandal. We need to see him show leadership," opposition New Democratic Party Member of Parliament Charlie Angus told a news conference. ...
- Grade this elevator pitch from Canada's immigration minister (Video)
The man behind Canada’s effort to lure immigrant entrepreneurs renewed his pitch this morning in Silicon Valley.
Canadian immigration minister Jason Kenney chatted with me at Silicon Valley Business Journal event in Palo Alto as part of his effort to add momentum to Canada’s startup culture (and to capitalize on the almost completely nonsensical U.S. immigration scheme).
Read more: Canada pitches startups with lower taxes, instant residency
“I met a guy who had been here 12 years who…
- Actavis acquiring Warner Chilcott for $8.5 billion
Parsippany, N.J.-based Actavis is purchasing Warner Chilcott in an all-stock deal valued at $8.5 billion.
The Arizona Daily Sun reports the deal will create the third-largest specialty pharmaceutical company in the U.S. The move comes after Actavis rebuffed takeover bids from companies such as Mylan Inc. and Canadian drugmaker Valeant Pharmaceuticals International Inc. Read more at the link below.
- Fan Outfitters sports clothing chain sold to Indy company
Fan Outfitters, a Lexington-based chain of sports clothing stores that includes two Louisville locations, has been sold to an Indianapolis company for an undisclosed price.
The Lexington Herald-Leader reports that Lids Sports Group, a subsidiary of Nashville, Tenn.-based Genesco Inc. that operates more than 1,000 retail stores in the United States, Puerto Rico and Canada, is the new owner.
Fan Outfitters was started by two members of the Dawahare family, which once operated 31 department stores…
- Canadian prime minister's top aide quits over expenses scandal
By David Ljunggren OTTAWA (Reuters) - The top aide to Canadian Prime Minister Stephen Harper abruptly resigned on Sunday over his role in a mounting expenses scandal which is threatening to undermine the Conservative government. Nigel Wright, Harper's chief of staff, quit after secretly giving a C$90,000 ($87,000) check in February to Mike Duffy, a member of the upper Senate chamber, to help him cover living expenses he had improperly claimed. News of the gift leaked late on Tuesday. ...
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