A Mogul’s Last Big Deal: Peter Munk to Sell Montenegro Marina

i

Barrick Gold founder Peter Munk is selling his last significant investment, Porto Montenegro, the superyacht marina and resort that he built as a Mediterranean rival to Cannes, to Investment Corp. of Dubai for an undisclosed amount. Mr. Munk would not comment on the sale, which had been widely rumoured and was leaked over the weekend in the Montenegro newspaper Vijesti. ...

Read More »

Docking Mike Duffy’s Pay Well Within Senate Rules: Housakos

i

The chair of the committee that manages the internal workings of the Senate says the decision to dock Mike Duffy’s pay over expense irregularities was well within the rules, and although Mr. Duffy has been cleared of criminal wrongdoing, there is little desire among senators to see him reimbursed. Mr. Duffy, the former broadcast journalist who was acquitted two weeks ...

Read More »

Ontario Tries to Allay Auto Sector Fears Over Climate Change Plan

i

The Ontario government has moved to reassure the auto sector that it considers the industry crucial to the province’s economy amid a controversy stirred up by a draft action plan on climate change and comments critical of auto companies and executives by Environment Minister Glen Murray. The government has taken the unusual action of issuing a joint statement to the ...

Read More »

As Raptors Move to Decisive Game 7, Many Wonder if they’ll Fall Again

i

As the Toronto Raptors approach Game 7 of their dramatic up-and-down playoff series with the Indiana Pacers, many may be experiencing déjà vu. The Raptors were in this very position two years ago during their opening-round playoff series with the Brooklyn Nets. They went into that series the higher-seeded team, but struggled to play their best in the post-season. They ...

Read More »

Toronto Maple Leafs win NHL Draft Lottery, Pick First at Draft

i

Not since 1985 have the Toronto Maple Leafs chosen first in the NHL entry draft, but that is all about to change. After a season of longing, anticipation, hope and pain, the Leafs won the NHL draft lottery Saturday night, turning a 20 per cent chance at choosing first overall into the winning ticket. For Toronto, the prize in this ...

Read More »

Halliburton and Baker Hughes Scrap $28-Billion Merger

i

Oilfied services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28-billion merger deal on Sunday after opposition from U.S. and European antitrust regulators. The tie up would have brought together the world’s No. 2 and No. 3 oil services companies, raising concerns it would result in higher prices in the sector. It is the ...

Read More »

Australian Craig Wright Says he is Bitcoin Creator

i

Australian tech entrepreneur Craig Wright has told the BBC he was the creator of controversial digital currency bitcoin after years of speculation about a person who until now has gone by the name of Satoshi Nakamoto. The BBC reported on Monday that Wright gave some technical proof demonstrating that he had access to blocks of bitcoins known to have been ...

Read More »

It’s Never Okay to be ‘Just Okay’ at Your Job

i

If you are one of those people who gets out of bed every morning to make a difference, your commitment to entrepreneurship is alive and well. And if your energy is rooted in audacity, you’re ahead of the game. Some may consider audacity to be a negative concept associated with attitude or edge, but it’s your willingness to challenge assumptions ...

Read More »

Can We Put One Partner on Notice to Boost our Sale Price?

i

Three partners purchased a small company in unequal shares (65/25/10 per cent). Two partners are employees of the company, one for about 20 years. The purchase objective was to enhance efficiency and expand the company, and within three years sell it. Because of his long tenure, one partner (25 per cent) may be able to secure a significant severance package ...

Read More »

Wastewater Discharge Into Streams can Lead to Rapid Antibiotic Resistance, Bacterial Infections and Disease

i

Discharges from wastewater treatment plants (WWTPs) may be a major contributor to the evolution of antibiotic resistance in the wild, according to a study partially funded by the European Regional Development Fund. Bacteria naturally possess an intrinsic resistance to toxic chemicals, including antibiotics, and new resistance may also develop naturally through mutation. But scientists agree that widespread overuse of antibiotics ...

Read More »