VAUGHAN, Ont. – A mother who sought to have oak trees uprooted and replanted far away from her children’s Toronto-area school due to concern over acorn allergies says fierce public reaction and “cyber-bullying” has led her to drop her request.
UBS nears settlement with Swiss, British regulators on Adoboli case
ZURICH/LONDON (Reuters) – UBS is nearing a settlement in the coming days with regulators in Switzerland and Britain for control failures that led to a $2.3 billion (1.4 billion p ounds) rogue trading loss, a person familiar with the matter said on Thursday. The Swiss bank has finished its discussions with Finma, the Swiss regulator, and is finalizing a settlement with Britain's Financial Services Authority (FSA), the source said. The two regulators then plan to make a joint announcement. … Sarkozy dodges official inquiry in election funding scandal
BORDEAUX, France (Reuters) – French former President Nicolas Sarkozy has not been put under formal investigation by magistrates looking into whether he rec eived illegal campaign funds from France's richest woman in 2007, but has instead been designated a witness in the inquiry. Magistrates questioned Sarkozy for 12 hours as they tried to establish if he had received illegal campaign funding from Liliane Bettencourt, heiress of the L'Oreal cosmetics empire, when he ran for president in 2007. … Enbridge plans C$1.8 billion link between Alberta pipeline hubs
CALGARY, Alberta (Reuters) – Enbridge Inc said on Thursday it will build a C$1.8 billion ($1.8 billion) pipeline to ship 570,000 barrels per day of oil between Alberta’s two main storage hubs at Edmonton and Hardisty to accommodate rising output from the oil sands. The company plans a 179-km (111-mile), 36-inch (91-cm) line that will carry crude from Edmonton to Hardisty, the starting point for Enbridge’s Alberta Clipper pipeline, which takes 796,000 bpd of oil to Superior, Wisconsin, as well as TransCanada Corp’s 590,000-bpd Keystone pipeline and its planned Keystone XL line. …
Talks to defuse Iraq army-Kurdish standoff make little headway
BAGHDAD (Reuters) – Talks to defuse a standoff between Iraqi troops and forces from the country’s autonomous Kurdish region made little progress on Thursday with both sides further reinforcing positions on their disputed internal border. The second military build-up this year illustrates how far relations between Baghdad’s central government, led by Shi’ite Muslim Arabs, and ethnic Kurds have deteriorated, testing Iraq’s federal cohesion nearly a year after American troops left. …
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