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January 17, 2018 9:20 PM Home Capital vows to defend itself against short seller's lawsuit

Short seller claims misrepresentations in company's financial reporting cost him millions Home Capital Group days it vows to defend itself against misrepresentation claims in a $4-million lawsuit filed by a short seller against the alternative lender and three of its former executives. The company issued a response after California-based short seller 15

January 17, 2018 6:49 PM Loblaw, CRA face off in court in $404-million dispute over tax avoidance allegations

The Canadian Revenue Agency alleges the grocery giant is using its Barbadian banking subsidiary in order to circumvent tax rules. Loblaw Companies Ltd. and the Canada Revenue Agency faced off in a Toronto court today, the latest in an ongoing battle involving allegations that the grocery giant’s Barbadian banking subsidiary was misused for tax avoidance 14

January 16, 2018 12:09 AM U.S. lawsuit alleges 6 Canadian banks manipulated an interest rate benchmark

BMO, Bank of Nova Scotia, CIBC, National Bank of Canada, Royal Bank of Canada and TD have allegedly manipulated the Canadian dealer offered rate from at least Aug. 9, 2007, to June 30, 2014, the lawsuit claims. WHITE PLANES, N.Y.—A class-action lawsuit filed in a U.S. court alleges six Canadian banks and three others conspired to increase the profitability 11

January 15, 2018 5:50 PM Tahoe Resources cutting 250 jobs at Guatemala silver mine amid legal fight

Company suspended operations at the mine last July after ruling by Guatemalan court Tahoe Resources Inc. says it has cut 250 jobs at its Escobal silver mine in Guatemala as a legal battle to reopen the mine drags on. The company says it was forced to suspend operations at the mine last July after the Supreme Court of Guatemala issued a provisional decision 9

January 15, 2018 1:36 PM U.K. construction company Carillion’s collapse puts 43,000 jobs worldwide at risk

Carillion Plc filed for compulsory liquidation after failing in a last-ditch effort to shore up finances and get a government bailout. Carillion Plc, a U.K. construction company with government contracts in everything from hospitals to the HS2 high-speed rail project, filed for compulsory liquidation after failing in a last-ditch effort to shore up finances 12

January 13, 2018 8:20 PM Unruly passenger charged after New York-Zurich flight diverted to Newfoundland

Police say a 24-year-old man was arrested and charged under the Aeronautics Act. They say the man has been taken into custody and is scheduled to appear in court on Monday. GANDER, N.L.—A man from New York has been arrested after police say a Swissair plane was forced to land in Gander, N.L., due to the passenger’s unruly behaviour. RCMP say the flight 12

January 11, 2018 9:59 PM Roger Federer's bid for 20th Grand Slam could include matches vs. Raonic, Djokovic

Canada's Milos Raonic will open the Australian Open against Slovakia's Lukas Lacko on Sunday, while compatriot Denis Shapovalov makes his tournament debut when he takes on Stefanos Tsitsipas of Greece. Roger Federer found himself in a slightly awkward position before the Australian Open draw. A few minutes later when the formalities were completed, Federer 8

January 11, 2018 2:19 PM Walmart raises minimum hourly wage to $11 for U.S. workers, hands out $1,000 bonuses

BENTONVILLE, ARK.—Walmart, the world’s largest private employer, is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time cash bonus of up to $1,000 to eligible employees and expanding its maternity and parental leave benefits. The retailer said Thursday that changes to its compensation and benefits policy will impact more than a million 11

January 10, 2018 7:49 PM Two men found guilty in murders of family on central Alberta farm

Jason Klaus and Joshua Frank were found guilty of first-degree murder for shooting Klaus’ parents and sister on a central Alberta farm. RED DEER, ALTA.—Two men have been found guilty of first-degree murder for shooting one of the men’s parents and sister on a central Alberta farm. Jason Klaus and Joshua Frank sat silently with no expression as the verdicts 8

January 10, 2018 5:53 PM Crane climber pleads guilty: ‘I thought it would make me feel more alive’

“Climbing that crane was a terrible idea, it was a terrible mistake,” Marisa Lazo told the court in a lengthy apology. Marisa Lazo, who was dramatically rescued from a downtown Toronto crane last year, received an absolute discharge late last month after pleading guilty to two counts of mischief. While Lazo’s crane climb captured international attention 10