CALGARY – With the Alberta budget due in less than a month, a revenue shortfall continues to damage Alberta’s bottom line.
London regains crown as most expensive market for office space -report
NEW YORK (Reuters) – London elbowed its way past Hong Kong to regain the title as the world's most expensive market in which to rent office space, while Rio de Janeiro jumped to the No. 3 spot from No. 8, accordi ng to a report by global real estate services firm Cushman & Wakefield. It was the first time since 2008 that London took the top spot. Competition for the scarce high quality office space in London fuelled office rents by 2 percent in the city's West End bolstering rents sufficiently to leapfrog over Hong Kong, according to the report on Tuesday. … Ontario government reaches out to opposition, backs spending restraint
TORONTO (Reuters) – Ontario's Liberal government with its newly minted female premier pledged on Tuesday to work with its opposition parties to bring its spending under control. Ontario, Canada's richest province, kicked off its new legislative session with a traditional speech from the throne that outlined the priorities of Premier Kathleen Wynne's government that could soon face a vote of confidence. … Dell revenue falls 11 percent amid attempt to go private
SAN FRANCISCO (Reuters) – Dell Inc on Tuesday reported an 11 percent drop in revenue, hurt by a shrinking consumer business, as investors weighed founder Michael Dell's offer to buy out the world& #039;s No.3 personal computer maker. Michael Dell, teaming up with private equity firm Silver Lake and software maker Microsoft, is offering $13.65 a share to buy out the company, but at least four of its largest investors are opposed to the $24.4 billion deal. Dell said revenue in its fiscal fourth quarter fell to $14.3 billion, slightly higher than the average analyst estimate of $14. … Calpers votes to sell stake in two gun makers
SACRAMENTO, California (Reuters) – The investment committee of Calpers, the biggest U.S. pension fund, voted on Tuesday to divest its holding in two manufacturers of guns and high-capacity ammunition clips banned i n California. The move affects about $5 million in investments in Smith & Wesson Holding Corp and Sturm, Ruger & Co at the $254 billion California Public Employees' Retirement System, best known at Calpers. … AP study: As MLB arbitration hearings drop to record low, Buster Posey earns steepest rise
NEW YORK, N.Y. – San Francisco catcher Buster Posey received the steepest increase among players in salary arbitration this year.
In info age, Belgian diamond heist is a throwback
LONDON (AP) -- At a time when many robberies take place at the click of a mouse, a group of jewel thieves has shown there's still a potential payoff for old-fashioned criminals willing to use disguises, planning and pluck to nab their loot. TransCanada: Pipeline would not affect climate
WASHINGTON (AP) -- A top executive of a Canadian company that has proposed an oil pipeline from western Canada to Texas says the project will have no measurable effect on global warming.
Little audience - but plenty of criticism - for 'Zero Dark Thirty' in Pakistan
ISLAMABAD – Pakistan stars in “Zero Dark Thirty,” from early scenes at a detention site to the dramatic closing minutes as Navy SEALs assault the hideout of Osama bin Laden. But the Academy Award-nominated film about hunt for the al-Qaida leader has sparked a controversy here about its portrayal of the country, and it will likely not be shown on the local big screen anytime soon.
$50 million heist challenges Belgian diamond industry, Antwerp most to lose
Only "a few minutes": That is all the time that thieves needed to steal an estimated $50 million worth of diamonds from Brussels Airport in Belgium.
Cyprus socialists sit on fence in runoff vote
NICOSIA (Reuters) – Cyprus's socialist party sat on th e fence on Tuesday for upcoming elections closely watched by investors as the island teeters on the brink of default, saying it could not back either candidate in a presidential runoff scheduled for February 24. Sunday's vote pits Nicos Anastasiades, a conservative in favor of a swift bailout deal with international lenders, against Communist-backed Stavros Malas, who supports a bailout but with fewer austerity measures. … Trudeau takes positions on provincial issues during Quebec visit
MONTREAL – Liberal leadership favourite Justin Trudeau waded into two areas of provincial policy today in Quebec.
What's next for Chávez and Venezuela?
Fireworks and tweets reverberated through Caracas early yesterday morning, alerting Venezuelans that their president had unexpectedly returned home after spending two months convalescing in a Havana hospital.
Keystone XL proponents fight back, dispute claims against pipeline, urge approval
WASHINGTON – Two days after thousands amassed in the U.S. capital to protest TransCanada’s Keystone XL pipeline, the project’s proponents gathered Tuesday to extol its virtues and accuse its foes of playing fast and loose with the facts.
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