Canada extradites German businessman Schreiber, accused of role in Kohl scandalMUNICH — Karlheinz Schreiber, a key figure in a political party financing scandal involving former Chancellor Helmut Kohl, was extradited to Germany from Canada to face criminal charges after losing a decade-long court battle. Businessman Schreiber being extradited from Canada to GermanyTORONTO — German-Canadian businessman Karlheinz Schreiber is being extradited to Germany, Canada’s justice department has confirmed. Canadian judge denies German businessman’s bid for injunction to halt extraditionTORONTO — A Canadian judge has denied a German-Canadian businessman’s request for an injunction to stop his imminent extradition to Germany. Canadian media favours protectionism, wants Nortel sale cancelledTORONTO - Taking protectionism and nationalism to absurd levels, the Canadian media has now joined opposition parties to pressure the government to stop sale of Nortel assets to Ericsson. The Swedish telecom major acquired Toronto-based Nortel’s wireless business for $1.3 billion at a court-supervised auction in New York Friday. Former official with US consulate in Toronto sentenced to one year in visa bribery schemeWASHINGTON — A former official at the U.S. consulate in Toronto was sentenced to a year in prison Wednesday for expediting visas in exchange for gifts of jewelry and trips with exotic dancers. Scientists can now catalogue plants worldwideTORONTO - Botanists have identified a pair of genes which can help catalogue plants worldwide, using a technique known as DNA bar coding. Courts approve Nortel sale; Canada’s opposition says stop itTORONTO - Even as courts in Canada and the US Tuesday approved Ericsson’s $1.13-billion bid last week to acquire the wireless business of Nortel, the 127-year-old Canadian corporate icon, political leaders here are putting pressure on the government to stop the sale. I am in race to become governor: Indian American womanTORONTO - Yet another Indian American, this time a woman born to Sikh parents from Amritsar, is in the race to become governor of a US state. Canada says tourism from US near all-time low; recession blamedTORONTO — Canada’s tourism association says the number of U.S. tourists visiting Canada is at a 37-year low and declining, mainly due to the recession, but stricter new U.S. passport rules are also to blame. Private-label soda sales in US add pop to Cott’s second-quarterTORONTO — Private-label beverage manufacturer Cott Corp. reported Monday that its second-quarter results vastly exceeded expectations as more U.S. shoppers opted for lower-priced versions of their favorite soft drinks. Ericsson buys Nortel’s wireless business for $1.13 bnTORONTO - Swedish telecom major Ericsson has bought Nortel’s wireless business for $1.13 billion. In a statement Saturday after Friday’s court-monitored auction in New York, Ericsson said it has acquired Nortel’s CDMA and futuristic long term evolution (LTE) technology. Nortel’s end begins with auction of wireless business
Canada’s national passenger rail service shuts down after engineers walk off the jobTORONTO — The majority of Canada’s national passenger rail service across Canada effectively shut down on Friday after locomotive engineers at Via Rail Canada went on strike. Canada’s national passenger rail service shuts down after locomotive engineers walk off jobTORONTO — Locomotive engineers at Via Rail Canada are on strike, shutting down the bulk of the national passenger-rail service across Canada. Ericsson also bidding for Nortel’s wireless businessTORONTO - Sweden’s Ericsson has entered the bid to acquire the next-generation wireless business of Nortel. Hezbollah plans to hit Western targets if Iran attacked: Canadian intelligence reportsTORONTO - Hezbollah has plans to hit Western targets if the US tries to destroy Iran ’s nuclear programme, Canadian intelligence reports say. Rising casualties among NATO troops raise doubts abroad on Afghan warBERLIN — Rising casualties in Afghanistan are raising doubts among U.S. allies about the conduct of the war, forcing some governments to defend publicly their commitments and foreshadowing possible long-term trouble for the U.S. effort to bring in more resources to defeat the Taliban. Research In Motion hangs tough on Nortel Networks wireless bid, says fight for assets not overTORONTO — Communication industry analysts say Research In Motion is refusing to budge in its pursuit of Nortel Networks’ wireless business because its key technology patents could help secure RIM’s future as a mobile phone technology leader. Canada close to procurement deal from US companies in response to ‘Buy American’ rulesTORONTO — Several Canadian provinces are close to signing a deal that would open up public procurement more broadly to both Canadian and U.S. firms in reaction to “buy American” rules, Canada’s trade minister said Wednesday. Canada’s Magna, Russian bank bid for 55 percent stake in OpelTORONTO - Canadian auto-parts giant Magna and the Savings Bank of the Russian Federation (called Sberbank) have jointly submitted a bid to acquire a 55 percent stake in the troubled General Motors’ Opel. Belgium’s investor RHJ International and China’s Beijing Automotive Industries are the other two bidders. Global recovery has begun, says Bank of CanadaTORONTO - The Bank of Canada, the central bank of the most robust of the G8 economies, has said that global recovery from the financial crisis has begun. Canada’s central bank keeps interest rate steady, raises economic outlookTORONTO — Canada’s central bank said Thursday the Canadian economy could be bouncing back stronger than previously believed. Shared birthdays, personal connections can improve salesTORONTO - If a salesperson shares a birthday or a birthplace with you, you’re more likely to make a purchase and feel good about it, according to a study. Dying Nortel sells business to rival for $475 mnTORONTO - Nortel, the once global telecom equipment giant that declared it would liquidate itself last month, has announced that it was selling its enterprise business to rival Avaya Inc. for $475 million. Early experience linked to chronic diseases in later lifeTORONTO - Experiences in early life stick to people into adulthood and may render them more susceptible to many of the chronic diseases of ageing, according to a new study. North American customers biased towards white male service providersTORONTO - A new study suggests that customers in North America are more likely to be satisfied when white males provide them with any service, instead of a woman or minority. Canada’s annual inflation rate falls below zero for first time in 15 yearsTORONTO — Canada’s annual inflation rate dipped below zero for the first time in 15 years in June, as the low cost of filling up at the gas station dropped the overall index to minus 0.3 percent, Statistics Canada said on Friday. Why women are 27 times more likely to be attracted to own sex than men-to-menTORONTO - While women won’t mind kissing other ladies for the sake of curiosity or fun, men would think a thousand number of times before even considering the offer to smooch another guy. Now, a researcher has tried to find the reason behind it. An android toll collector: How cool would that be?TORONTO - Scientists say humanity is still 50 years from developing robots that will be able to speak in ‘human-like’ voices, mimic our motions and interact with us. How will we then react to these robots, that have been named androids? As death toll of Canadian soldiers in Afghanistan mounts, opposition grows toward missionTORONTO — As the death toll of Canadian soldiers and their NATO allies mounts in Afghanistan, so does the growing opposition to Canada’s mission there. |
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TORONTO - The liquidation of Canada’s fabled Nortel began Friday.
