Cybersleuth offers to help cops nab Russian thieves who stole 1.2 billion...
LAS VEGAS, Nev. - The hackers are a tight knit group, ten or 11. They live in a Russian town, and have real jobs. But in their down time, the cybercriminals have spent the past seven months gathering a...
View ArticleUS mortgage giant Freddie Mac earns $1.4B in 2Q; will pay gov't $1.9B
WASHINGTON - Mortgage giant Freddie Mac posted net income of $1.4 billion for the April-through-June period, aided by a strengthening housing market. The government-controlled company has turned a...
View ArticleMcCain Foods Closing P.E.I. Plant, 121 Jobs Lost
BORDEN-CARLETON, P.E.I. - McCain Foods is blaming a shift in the market for French fries and the stronger Canadian dollar for its decision to close a plant in Prince Edward Island.When the plant in...
View ArticleVigilance key to avoiding being stung by Ponzi and pyramid schemes
MONTREAL - Time has yet to heal the painful financial and emotional wounds inflicted on a victim of one of Canada's most notorious Ponzi fraudsters."It's five years ago now that it happened to us with...
View ArticleWorld Trade Organization appeal body upholds ruling against China's 'rare...
BERLIN - The World Trade Organization has upheld a ruling that China violated international trade rules with restrictions on the export of "rare earths," the minerals used in mobile phones, hybrid...
View ArticleWhat We Don't Know About Canada's Housing Market Could Sink Us
Is Canada in a major housing bubble? Without crucial data that lenders and government are withholding, it’s practically impossible to tell. In this series, HuffPost Canada examines the gaps in our...
View ArticleNAFTA Environmental Watchdog Wants To Probe Oilsands Tailings Leakage
Investigators from an environmental watchdog set up as part of the North American Free Trade Agreement want to investigate whether Canada is enforcing its laws on toxic leakage from giant oilsands...
View ArticleSelf-Assembling Robots Probably Can't Start Apocalypse So Long As They're...
WASHINGTON - In what may be the birth of cheap, easy-to-make robots, researchers have created complex machines that transform themselves from little more than a sheet of paper and plastic into walking...
View ArticleArcelorMittal locks out workers at Quebec plant in labour dispute
CONTRECOEUR, Que. - Employees of ArcelorMittal Montreal have been locked out by the global steel giant after they rejected the company's last contract offer.The company said in a statement Thursday it...
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Recent First-Time Home Buyers ‘Particularly Vulnerable' To A Debt Shock: RBC
The group of people who did the lion’s share of first-time home buying in recent years have racked up far more debt than those who came before them, according to a report from RBC. The bank’s analysis...
View ArticleGoogle revises Internet search formula to prod other websites to strengthen...
SAN FRANCISCO - Google is wielding the power of its dominant Internet search engine to push more websites into protecting the people using their services.The move, announced late Wednesday, involves a...
View ArticleUS consumer borrowing up $18.3B in June; slower pace may signal restrained...
WASHINGTON - U.S. consumers expanded their borrowing at a slower rate in June compared to the prior month.Overall credit rose by $18.3 billion in June to a total of $3.17 trillion, the Federal Reserve...
View ArticleRio Tinto's Kitimat aluminum smelter upgrade price tag rises to US$4.8 billion
MONTREAL - Rio Tinto will pump another US$1.5 billion into the aluminum smelter upgrade at Kitimat, B.C., increasing the total project cost to US$4.8 billion, as the mining giant says it remains...
View ArticleLululemon founder Chip Wilson sells half his stake in Lululemon for $845 million
VANCOUVER - Founder Chip Wilson has sold half his stake in Lululemon Athletica (Nasdaq: LULU) to private equity firm Advent International for US$845 million.The Vancouver-based yoga-wear company said...
View ArticleHeroux-Devtek deepens Boeing ties with contract to supply components for 787
MONTREAL - Aerospace manufacturer Heroux-Devtek is deepening its relationship with Boeing after being awarded a multi-year contract to produce components for its 787 Dreamliner.The Quebec-based maker...
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Chip Wilson's War With Lululemon Averted As Founder Sells Half His Stake
Chip Wilson has averted war with Lululemon after agreeing to sell half of his 27 per cent stake in the company to a private equity firm. The man who founded the yogawear giant is selling a 13.85 per...
View ArticleSNC-Lavalin may sell stake in Highway 407 toll road quicker than planned
MONTREAL - Engineering consulting and construction firm SNC-Lavalin says a decision on selling its investment in Ontario's Highway 407 toll road is proceeding quicker than planned."We still expect that...
View ArticleTop Canada Finance Official Quits For Private Sector: Sources
Jean Boivin, the Canadian Finance Ministry's second most powerful official and who has been seen as a potential candidate to head the Bank of Canada one day, is unexpectedly quitting to take a job in...
View ArticleAir Canada union takes cut of flight attendants to court
The union representing 7,000 flight attendants at Air Canada is asking Federal Court to review a decision allowing fewer flight attendants on aircraft. The Canadian Union of Public Employees (CUPE)...
View ArticleCanada's Manufacturing Crisis Worst Among 19 Industrialized Countries
We’re often told that Canada’s crisis in manufacturing is a global problem, one that we alone can do little to address. Competition from developing countries with cheaper labour, combined with...
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