U.S. authorities in October 2017 filed fraud charges against London-based Rio Tinto, former chief executive officer Tom Albanese and former chief financial officer Guy Elliott, claiming they inflated the value of assets acquired in 2011 for $3.7 billion. U.S. District Judge Analisa Torres on Monday
The South Korean automakers have recalled more than 2.3 million vehicles since 2015 to address various engine fire risks in a series of recalls. In November, Reuters reported that federal prosecutors had launched a criminal investigation into Hyundai and Kia to determine if vehicle recalls linked to
The Wall Street bank, which last year said it wanted women to make up half of its entry-level workforce, now is aiming to ensure that 14 percent of new analysts and associates in the Americas are Hispanic or Latino and 11 percent of them black, according to the memo, which was seen by Reuters. In Britain
OTTAWA — Finance Minister Bill Morneau will release the Trudeau government's final budget of its mandate Tuesday, just seven months before the next federal election.Here are some things to watch for:A boost to skills trainingThe government says it wants to help workers adapt to the rapidly changing
MONTREAL — Despite low unemployment and a strong economy, Quebec continues to have problems generating wealth and its citizens have less money to save and spend compared with Canadians in every other province, says a new report by Universite de Montreal's business school.One of the main reasons for
A former vice-president at the United Auto Workers was charged Monday in a scheme with Fiat Chrysler executives to buy meals, golf and other perks with the automaker's money — the highest-ranking official snagged in an investigation that has exposed corruption between labour and management. The
Most voters in New York think it was bad for the state when Amazon dropped plans to put a second headquarters in Queens and many think U.S. Rep. Alexandria Ocasio-Cortez bears blame for the deal falling through, according to a new poll released Monday. The Siena College poll of registered voters in
The Ethiopian Airlines disaster eight days ago killed 157 people, led to the grounding of Boeing's marquee MAX fleet globally and sparked a high-stakes inquiry for the aviation industry. Analysis of the cockpit recorder showed its "angle of attack" data was "very, very similar"
Lyft officially kicked off the road show for its initial public offering, saying Monday it plans to put more than 30 million shares up for sale with an anticipated price of between $62 and $68 per share. It's the first time that Lyft has revealed how much money it hopes to raise in the IPO, and
Former Peruvian president Alejandro Toledo brushed off questions about his arrest on suspicion of public drunkenness during a radio interview. San Mateo County Sheriff's Office spokeswoman Rosemerry Blankswade says Toledo was arrested at a San Francisco Bay Area restaurant Sunday and spent the night
The U.S. Forest Service is planning the largest sale of Alaska old growth timber in years. The Prince of Wales Island Landscape Level Analysis project will harvest as much as 225 million board feet (about 53,094 cubic meters) of old growth lumber from Prince of Wales Island in Tongass National Forest
Foxconn Technology Group Ltd said on Monday it will complete work on a new factory in Wisconsin to assemble liquid crystal display screens and start production before the end of next year. Foxconn said the next phases of factory construction will begin by this summer "and the facility will begin
Alan Krueger, a groundbreaking Princeton University economist who served as a top adviser in two Democratic administrations and was an authority on the labour market, has died, according to a statement from the university Monday. The economist took his own life during the weekend, according to a separate
Government officials conceded that another vote on the agreement is now unlikely before Thursday’s European Union summit and the U.K. will have to seek an extension to its EU membership, potentially giving time to May’s opponents to force a rethink of the divorce. Bercow set a new test for the prime
Canada Pension Plan Investment Board is expanding its presence in the North American natural gas market through a $3.8 billion joint venture with U.S. energy firm Williams Cos Inc, which will hold pipeline assets in the Marcellus and Utica shale basins, the biggest gas-producing region in the United
FedEx reports earnings, and the Federal Open Market Committee kicks off its meeting. Here's what you need to know on Tuesday.
The New Jersey school announced his death on its website Monday. Police found Krueger inside his home on Saturday morning and he was later pronounced dead, said Sergeant Fred Williams, a spokesman for the Princeton Police Department.
___AP Source: Justice Dept. probing development of Boeing jetsWASHINGTON (AP) — U.S. prosecutors are looking into the development of Boeing's 737 Max jets, a person briefed on the matter revealed Monday, the same day French aviation investigators concluded there were "clear similarities"
Premier Rachel Notley has not yet set a date for the election, but Alberta law states it must be held between March 1 and May 31. Voters will be asked to cast their ballots at a time of controversial government intervention in Alberta's oil market that has drawn support from some major producers
OTTAWA — When the Liberals release the last budget of their mandate Tuesday, Canadians can expect to hear arguments that years of deficit spending have put the economy on stronger footing.Finance Minister Bill Morneau has promised the budget will contain help for workers in need of skills training, young
Firefighters are in “defensive mode” as they seek to contain a blaze that spread to seven tanks storing liquids used to make gasoline in Deer Park, near the city’s shipping channel, said Ray Russell, a spokesman for Channel Industries Mutual Aid, a petrochemical emergency response organization. The
Finance Minister Bill Morneau will unveil his fourth fiscal plan Tuesday amid an economic slowdown and a dip in the polls for Trudeau’s team amid allegations of judicial interference. The Liberal government has seen higher-than-expected revenues and has hinted there will be new measures on skills training
U.S. stock indexes finished modestly higher Monday, extending the market's solid gains from a rally last week. Energy companies notched the biggest gains after the price of U.S. crude oil closed above $59 a barrel for the first time since November. Smaller company stocks fared better than the rest
The Sharara field in southern Libya is currently pumping 260,000 barrels a day, and the state-run National Oil Corp. is working to raise production, NOC Chairman Mustafa Sanalla told Bloomberg Television in an interview. Libya, with Africa’s largest reserves, has endured major disruptions to its production