Results for Canada
- Ciena Beats Nokia-Siemens to Nortel Unit
Ciena Corp was cleared to acquire a unit of bankrupt Nortel Networks Inc. for $769 million after fighting off a legal challenge by Nokia Siemens Networks, Reuters reported. Network equipment maker Ciena trumped an offer by Nokia Siemens and its financial ...
Daily Headline - global.abi.org - 12/03/2009 - 09:13 - 0 comments
- Court Asked to Reopen Nortel Sale
The battle over Nortel Network's optical network division may not be over, The Ottawa Citizen reported. Nokia Siemens Networks said in a U.S. bankruptcy court filing Tuesday that it, not Ciena Corp., was the top bidder in the auction that ended ...
Daily Headline - global.abi.org - 12/02/2009 - 10:51 - 0 comments
- Ottawa Freezer Factory Iced
W.C. Wood Corp., which owned a freezer factory in Ottawa, announced it couldn't find a buyer in time to avoid liquidating the entire company, Industrial Laser Solutions reported. A Canadian court placed the company in receivership, leaving the Ottaw ...
Daily Headline - global.abi.org - 11/18/2009 - 10:46 - 0 comments
- U.S., U.K. Split Over Bank-Tax Proposal at G-20
U.K. Prime Minister Gordon Brown and U.S. Treasury Secretary Timothy Geithner clashed over potential taxes on bank transactions at a weekend meeting here of finance policy makers from the Group of 20 leading economies, The Wall Street Journal reporte ...
Daily Headline - global.abi.org - 11/09/2009 - 11:56 - 0 comments
- Goldman Sachs Says Canwest Made Secret Moves to Shutter Specialty Division
A legal fight between U.S. investment bank Goldman Sachs and insolvent Canwest Global Communications Corp. is brewing after Goldman filed court documents suggesting creditors of the media conglomerate have been making moves without telling them, The Cana ...
Daily Headline - global.abi.org - 11/04/2009 - 10:47 - 0 comments
- CanWest Cleared to Shuffle National Post
An Ontario judge has approved a proposal by CanWest Global Communications Corp. to shift its flagship National Post newspaper to a subsidiary that contains the company's other newsprint assets, such as the Vancouver Sun and Ottawa Citizen, The Glo ...
Daily Headline - global.abi.org - 11/02/2009 - 07:40 - 0 comments
- Canwest Says It Must Shift National Post to Holding Company, or Shut It Down
Canwest Global Communications will tell an Ontario court Friday that it will be forced to shut down the National Post, which has lost $62 million in the last four years, if the newspaper isn't shifted into a company that holds its other dailies, The ...
Daily Headline - global.abi.org - 10/30/2009 - 08:00 - 0 comments
- Do Not Underestimate 'Historic' Restructuring Ahead: Carney
Bank of Canada governor Mark Carney said Canadians should not underestimate the "historic" restructuring ahead for the economy as it needs to adapt to a reshaped global marketplace in the post-financial crisis era, the Financial Post report ...
Daily Headline - global.abi.org - 10/26/2009 - 06:51 - 0 comments
- Jaguar Financial Says Proposed Takeover of Canadian Royalties is Unfair to Debtholders
Jaguar Financial Corp. is opposing a proposed $192-million takeover of base metals company Canadian Royalties Inc. by Jien Canada Mining Ltd., saying it's unfair to debtholders, The Canadian Press reported. Canadian Royalties, a Quebec-based company ...
Daily Headline - global.abi.org - 10/23/2009 - 09:52 - 0 comments
- Canada Provinces Accused of Misusing JTI Bankruptcy
Canadian provinces, seeking more than C$80 billion ($76 billion) from tobacco companies for treatment of smoking-related illnesses, are attempting to improperly use the bankruptcy process to force Japan Tobacco Inc.’s JTI-MacDonald unit to settle, a comp ...
Daily Headline - global.abi.org - 10/21/2009 - 09:57 - 0 comments