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One would be hard-pressed to find a single government forecast for the Sea-to-Sky highway project ($195 million over its first estimate), the Port Mann or the South Fraser Perimeter Road that has been met.
For some of us, denim is a lifestyle choice. Sporting our prized jeans during work and play, it's only natural that maintaining our baby blues is part of life's daily routine. Bordering on an obsession similar to that of wine aficionados, 'denimheads' also thrive on a high that comes from seeking, enjoying and preserving special washes, cuts, vintages and grades of denim. There's just one problem: luxury denim is notoriously expensive. And now, there's a solution.
NEW YORK -- Oprah Winfrey is paying about $43.2 million for a 10 per cent stake in Weight Watchers and is joining the weight management company's board. The company's shares are up almost 48 per cent...
This was the first chilling example as to how cyber terrorism could bring down the financial system, or specific institutions or persons. Obviously, new safeguards must be put in place by legitimate media brands, regulators, new media outlets like Twitter, markets, corporations and governments.
On May 25, I questioned and debunked Facebook's "active users" number of 900 million in a column. This month, the company admitted that their unaudited numbers are wrong and misleading. Zuckerberg may be a technological whiz kid, but he has yet to demonstrate that he can run a public company.
A recent glimpse into a frightening future occurred on August 1 when a computer glitch at Knight Capital Group Inc., that handled 11 per cent of all U.S. stock trading, was obliterated by an unproven algorithm. In less than an hour, the firm's new "program" bid for 150 stocks incorrectly. Immediately, rival computers traded against the bids and, by the end of the day, Knight had lost $440 million and had to be rescued. Clearly, the regulators must smarten up and impose Draconian measures to end this hyper trading-for-trading's-sake abuse of markets and investors.
Who is listening to the folks camping out in downtown Manhattan? President Obama should call out the root cause of his shortcomings at the polls, but is otherwise engaged in retaining Wall Street support for his re-election campaign. And what of us, informed and active, democracy-loving citizens?
TORONTO - The capital markets division of Royal Bank (TSX:RY) has agreed to pay US$30.4 million to settle charges by the U.S. Securities and Exchange Commission over allegations it sold unsuitable inv...
Some of the country's best-known multinational corporations closely guard a number they don't want anyone to know: the breakdown between their jobs here and abroad. So secretive are these companies t...
The Securities and Exchange Commission is scrutinizing the method Standard & Poor’s used to cut the U.S.’s credit rating and whether the firm properly protected the confidential decision, according to...
NEW YORK, N.Y. - The husband of former Playboy Enterprises CEO Christie Hefner has been accused of using inside information in making more than $100,000 trading Playboy stock. The Securities and Excha...