TORONTO (Reuters) – Former Sino-Forest Corp [SCLC.UL] executives wilfully defrauded investors using elaborate schemes that artificially inflated the collapsed forestry company’s valuation, prosecutors with Canada’s biggest securities watchdog said on Tuesday.
At the opening of an Ontario Securities Commission (OSC)hearing, prosecutor Hugh Craig said he would show the executives allowed weak internal controls, back-dated documents, and secretly controlled companies to which Sino-Forest bought and sold assets.
TORONTO (Reuters) – Toronto Mayor Rob Ford has gained ground on challengers heading into an election this fall, according to a poll released on Thursday, but the boost was coupled with fresh claims about inappropriate behavior.
The city’s Catholic school authority released documents alleging that Ford had threatened a teacher, turned up late and inebriated to an important practice, swore at his players and made them roll in animal feces while working as a volunteer head football coach at Don Bosco Catholic Secondary School.
“Innumerable factors other than taxes influence a stock’s performance, no two of these deals are identical, complicating simple comparisons”
“It is impossible to know how the companies might have fared in the market had they not inverted.” 2/3
TORONTO, Aug 18 (Reuters) – BlackBerry Ltd said on
Monday it has created a new unit to house what many consider to
be among its most promising assets – cryptographic applications,
its QNX embedded software and Project Ion platform for
The Canadian smartphone maker, which CEO John Chen is trying
to revamp, said Sandeep Chennakeshu will start immediately as
president of the BlackBerry Technology Solutions unit. The
division will also include a portfolio of 44,000 patents and the
Paratek antenna tech company purchased by BlackBerry in 2012.