The Canadian Press November 17, 2008 - 10:25 p.m. CALGARY - Enbridge Inc. (TSX:ENB) said Monday it has agreed to invest US$500 million in Enbridge Energy Partners LP to increase its stake to 27 per cent. Under the deal, Enbridge will buy 16.25 million units in Enbridge Energy Partners at a price of $30.76 per unit. Enbridge's subsidiary Enbridge Energy Company Inc., the general partner of EEP, which will also invest $10 million. "Enbridge Partners has an attractive slate of growth ...
SEC charges Dallas Mavericks owner Mark Cuban with insider trading
Nov 18 2008
Marcy Gordon, The Associated Press November 17, 2008 - 10:34 p.m. WASHINGTON - Federal regulators in the United States charged Dallas Mavericks owner Mark Cuban on Monday with insider trading for allegedly using confidential information on a stock sale of a Quebec company to avoid more than US$750,000 in losses. Cuban disputed the U.S. Securities and Exchange Commission's allegations and said he would contest them. In a civil lawsuit filed in federal court in Dallas, the SEC alleged that ...
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Shares of Theravance rise on FDA review of antibiotic, despite agency’s safety concerns
Nov 18 2008
Matthew Perrone November 17, 2008 - 7:56 p.m. WASHINGTON (AP) - Shares of drugmaker Theravance surged Monday on the release of a federal review of the company's experimental antibiotic, despite concerns about the product's risks to pregnant women. Theravance shares rose 42 cents, or 6.8 percent, to $6.58. Cowen Co. analyst Rachel McMinn wrote in a research note the Food and Drug Administration's review contains "nothing shocking," contemptuous opposition highlighting potential safety issues for ...
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Citigroup to shed another 53,000 jobs in coming quarters
Nov 18 2008
Madlen Read, The Associated Press November 17, 2008 - 8:25 p.m. NEW YORK - Citigroup Inc. is shedding approximately 53,000 other employees in the coming quarters as the banking giant struggles to unremitted itself after suffering massive losses from deteriorating debt. The New York-based bank, which has already reduced its assets by about 20 per cent since the first quarter of the year, also plans to trim expenses by 19 per cent in 2009 from third-quarter levels, to US$50 ...
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Editorial: OK, let’s talk NAFTA
Nov 18 2008
Editorial: OK, let's talk NAFTA <!-- Editorial: OK, let's talk NAFTA NAFTA, Free trade, Barack Obama, John McCain 20081110 Barack Obama, if he’s president, would like to renegotiate NAFTA. Perhaps Canada should welcome the chance. /after_hours/opinions/ --> Now that Canadian voters have opted for more of the same, we turn to the more riveting election down south. What was once a neck-and-neck horse race is turning into a rout. At press time, Democratic candidate Barack Obama appears ...
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