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 Facebook stock climbs after rocky start with IPO, company faces shareholder lawsuitNEW YORK, N.Y. - Facebook's stock is climbing higher, a reprieve for shareholders after the stock's rocky inaugural trading day Friday was followed by a two-day decline. Facebook Inc.'s stock is up US$1.03, or 3.3 per cent, to US$32.03. That's still nearly 16 per cent below the initial public
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 Sino-Forest fraud huge, OSC allegesTORONTO -- After an exhaustive investigation involving many of its most senior people, the Ontario Securities Commission alleges the short sellers were right: Sino-Forest Corp. has committed a massive and complex fraud. The allegations, which took nearly a year to put together, imply a
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 Facebook might be bargain one day -- but not nowNEW YORK -- If you were thinking about buying shares of Facebook last week, when it went public at a price of US$38, you might be tempted now that the stock has fallen $7 in two days. But forget the dramatic drop. Investors should focus on the only question that matters: How much money will
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 CAE profit rises 17% to $53.2 million in fourth quarter, as revenue increasesMONTREAL - CAE Inc. (TSX:CAE) says its fourth-quarter profit rose to $53.2 million in the fourth quarter, as the company got higher revenue from its core civil and military operations as well as its new business segments. The Montreal-based company's profit amounted to 21 cents per share, up
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 European leaders to discuss growth at summit but unclear if they'll be able to act fast enoughPARIS - The leaders of the 27 countries that make up the European Union are to meet in Brussels Wednesday to try and find a way to keep the debt crisis in Europe from spiraling out of control and promote jobs and growth. On Tuesday the Organization for Economic Cooperation and Development warned
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 Resolute Forest Products says it will repurchase up to US$100 million in stockMONTREAL - Resolute Forest Products (TSX:ABH) says it will pay up to US$100 million to repurchase as much as 10 per cent of its common stock. The company, formerly known as AbitibiBowater Inc., said Tuesday that its board has approved the repurchase program that will be funded through its
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 Prospects look good for Winnipeg homebuildersWINNIPEG — The short- and long-term prospects look good for Winnipeg’s homebuilders, according to the latest monthly metropolitan housing starts report from the Conference Board of Canada. The board said today Winnipeg is one of 19 Canadian cities with positive short-term prospects,
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 Manitoba MoversPEOPLE Mark Zachanowich has joined Peak of the Market as vice-president, operations. Zachanowich was with The North West Company for 13 years, including six as director of operations with the Crescent Multi Foods perishable supply division. He was most recently with Cabelas Canada as
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 Best Buy 1Q profit falls, but adjusted profit, revenue beat Wall Street's expectationsMINNEAPOLIS - Best Buy Co.'s fiscal first-quarter profit dropped 26 per cent on restructuring charges as the struggling electronics retailer began implementing its turnaround plan. Its adjusted earnings and revenue both topped Wall Street's expectations. Best Buy's shares jumped $1.28, or 7 per
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 Dow, S&P 500 rise as economists see growth for jobs and housing; Facebook slidesNEW YORK, N.Y. - After a weekend that brought both fresh concerns about Europe and hopeful signs about China, investors decided to focus on the latter. All the major U.S. stock indexes climbed, as investors latched on to weekend statements from China's Premier Wen Jiabao, who promised to boost
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 BMO Harris buys naming rights to Bradley Center as Bucks push for new arenaMILWAUKEE - The Bradley Center has a new name and, perhaps, a more specific expiration date. BMO Harris Bank announced Monday that it bought naming rights to the home of the Milwaukee Bucks and Marquette men's basketball, which will now be known as the BMO Harris Bradley Center. It's part of a
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 Nasdaq modifies its IPO-related applications after embarrassing delay on Facebook's first dayNEW YORK, N.Y. - Nasdaq says it has modified its system for handling initial public offerings after technical glitches marred the debut of Facebook on Friday. The delay and other problems in one of the most highly anticipated IPOs in recent years were a setback for Nasdaq, which competes with
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 Spain says no need for European funds to help banks; nationalized bank requires $9.6 billionMADRID - Spain's economy minister says a nationalized bank laden with toxic real estate assets will require a fresh injection of public money of up to
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 Campbell reports lower third-quarter net income on sluggish sales, higher costsCAMDEN, N.J. - Campbell Soup Co.'s net income slipped by 5 per cent in the latest quarter as it struggled to balance higher costs for ingredients and sluggish soups sales, the company said Monday. The Camden, New Jersey-based company, which is known for its red and white soup cans, is trying to
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 Report: Germany's central bank chief Weidmann warns against raising Greek risk exposureBERLIN - Bundesbank President Jens Weidmann has warned Europe's central banks not to increase their exposure to Greece because of the high level of political uncertainty there ahead of next month's elections. In an interview with German Sunday newspaper Frankfurter Allgemeine Sonntagszeitung he
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 Facebook founder and CEO Mark Zuckerberg marries longtime girlfriendPALO ALTO, Calif. - Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday. Zuckerberg and 27-year-old Priscilla Chan tied the knot at a small ceremony at his Palo Alto, Calif., home, capping a busy week for the couple, according to a guest authorized to speak for
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 Inflation-rate rise minimal in AprilOTTAWA -- Inflation in Canada appears to have entered a period of stability near the Bank of Canada's two per cent sweet spot, providing little impetus for interest rate hikes any time soon. Statistics Canada said Friday annual inflation edged up one-tenth of a point to two per cent in April,
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 Ottawa funded research on Dutch diseaseOTTAWA, Ont. -- The Harper government has funded research that argues Canada's economy suffers from so-called Dutch disease, an economic theory the prime minister and other senior officials ridiculed when raised recently by NDP Leader Tom Mulcair. Industry Canada paid three academics $25,000 to
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 IPO values Facebook at $105B Firm's stock closes just 23 cents up from openingNEW YORK -- After all the hype, Facebook's first day as a public company ended where it began. Its stock closed at $38.23, up 23 cents after pricing Thursday night at $38 per share. After an anxiety-filled half-hour delay, Facebook stock began trading on the Nasdaq stock market for the first
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 Eight years of non-stop growthEight years of non-stop growth Key developments in the eight years since Facebook Inc.'s creation: February 2004: Mark Zuckerberg starts Facebook as a sophomore at Harvard University. March 2004: Facebook begins expand-ing to other colleges and universities. June 2004: Facebook moves
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 $800M overpaid to EI claimants: OttawaOTTAWA -- As the Conservative government proposes major reforms to the employment insurance system, new figures show Canadians made hundreds of thousands of fraudulent EI claims over the past four years and received nearly $800 million in total overpayments. While the federal government
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 New crepe eatery to be unveiled for EsplanadeIF Esplanade Riel is the gateway to St. Boniface, what better way for people to be greeted than with French crepes? La Cr?perie du Pont on the Esplanade Riel's east plaza is opening on Thursday, a throwback to the former La Creperie on Provencher Boulevard that was a favourite before the new
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 Ripples from Greece can hit here: expertsWhen you look at Canada's direct exposure to the Greek debt crisis, the risks don't look very great. But what if tiny Greece were to make the giant Chinese economy stumble? It's not as improbable as it might sound, and the impact on us could be quite significant. At first glance, Canada looks
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 Obama, citing JPMorgan Chase trading loss, says it's time to put in place new banking rulesWASHINGTON - President Barack Obama says the big trading loss at JPMorgan Chase shows the need for Congress to finally put in place banking rules he signed into law two years ago. He also is calling on lawmakers to stop trying to weaken the regulations. The $2 billion loss has renewed calls by
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 600 employees at contractors servicing Rogers customers could strike next monthTORONTO - The union representing employees at four contractors who service Rogers Communications Inc. (TSX:RCI.B) customers across Ontario says workers have voted for a strike mandate. The Communications, Energy and Paperworkers Union of Canada says some 600 employees who supply telephone and
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