Archive for the ‘Business & Finance’ Category
Yup, Conrad Black can sue
Jacquie McNish and Cigdem Iltan – The Court of Appeal of Ontario has granted Conrad Black the right to pursue a libel action in Ontario against the directors and officers who accused him of running a “corporate kleptocracy” at Hollinger International Inc. In its ruling a panel of three appeal court judges said that although Lord Black [...]
Hayward has bags packed, will travel
By Harry Weber – Tony Hayward, the man who became the face of BP PLC’s failing efforts to contain the massive Gulf of Oil spill, will step down as chief executive officer in October and be offered a job with the company’s joint venture in Russia, a person familiar with the matter said Monday. The person spoke on [...]
Tony Hayward will leave BP
By Louis Perez – BP Plc Chief Executive Tony Hayward is discussing his departure from the company after a leak at one of its Gulf of Mexico wells caused the largest oil spill in U.S. history, two people familiar with the matter said today. Robert Dudley, director of BP’s oil spill response unit, is the [...]
Conrad Black to Stay in the US Shores
By Brent Palmer – Conrad Black is disallowed to leave the US until his next hearing on August 16. This, as US District Judge Amy St Eve in Chicago disclosed that she still needs more data from the Canadian-born media mogul’s financial activities before ruling on the controversial issues. On Wednesday, Black was released from [...]
What’s next for Conrad Black?
By Bill Myers – Conrad Black will likely be out on bail within days from the Florida jail that has been his home for the last 28 months. But it’s the bail conditions that will determine where he goes next. The bail conditions will be set by U.S. District Court Judge Amy St. Eve in [...]
Conrad Black Seeks Bail and Freedom
By Paul Waldie – Conrad Black is asking to be released on bail pending a review of his criminal convictions by an Appeal Court. Lawyers for Lord Black filed the application on Tuesday a couple of weeks after the United States Supreme Court redefined a key legal theory prosecutors used to convict him. In its [...]
Ontario, get ready for the HST: Monty Sands of Mortgage Matchmaker highlights new changes to housing industry
By Paul W. Fitzgerald July 1 is Canada Day. While millions of Canucks will be pulling out fireworks and barbecues and celebrating the day with their red and white maple leaf flags, there will be something new in the mix for this year’s national holiday for Ontario r (http://www NULL.mortgagematchmaker NULL.ca)esidents: the Harmonized Sales Tax [...]
G20 leaders pledge to slash deficits
The Group of 20 will adopt deficit- and debt-cutting targets proposed by Prime Minister Stephen Harper but allow governments to attack their fiscal gaps as their own economic dynamics dictate. G20 leaders pledge to “take all necessary steps … fully within agreed timelines,” according to a leaked draft of the summit communiqué. “Measures will need [...]
Protests turn violent in Toronto
By Morrow, Ann Hui and Jill Mahoney – Thousands of protesters have taken over the streets of downtown Toronto as isolated groups of demonstrators smashed windows and confronted riot police. A crowd of black-clad protesters with bandanas covering their faces moved around the city centre, damaging property along the way. Several police cruisers were vandalized [...]
Conrad Black Getting out of Jail?
By Bill Squire – The U.S. Supreme Court has handed Conrad Black a slight opening to win reversal of his fraud conviction. In a series of rulings this morning, the Court narrowed the interpretation of the “honest services” theory but did not throw out the theory altogether as some had suspected it would. Lawyers have [...]


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