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SNC-Lavalin CEO names 'project oversight' executive in effort to rein in costs

SNC-Lavalin CEO names 'project oversight' executive in effort to rein in costs

MONTREAL — The new head of SNC-Lavalin Group Inc. has named a senior executive to oversee big-ticket contracts in an effort to keep a lid on costs at the beleaguered company, which announced further streamlining Tuesday.

Most actively traded companies on the TSX

Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,503.35, up 149.90 points ). Stornoway Diamond Corp. (TSX:SWY). Materials. Up half a cent, or 25 per cent, to 2.5 cents on 27.4 million shares.
Ottawa estimates corporations dodged up to $11.4 billion in 2014 tax payments

Ottawa estimates corporations dodged up to $11.4 billion in 2014 tax payments

Corporations avoided paying Ottawa between $9.4 billion and $11.4 billion in taxes in 2014, according to a new federal estimate by the Canada Revenue Agency.
Teachers' drops sale of its stake in Hudson's Bay to HBC executive chairman

Teachers' drops sale of its stake in Hudson's Bay to HBC executive chairman

TORONTO — The Ontario Teachers' Pension Plan has terminated an agreement to sell its 10 per cent stake in Hudson's Bay Co. to a private entity controlled by the retailer's executive chairman, Richard Baker.
Boeing signs first deal for 737 Max jet since deadly crashes

Boeing signs first deal for 737 Max jet since deadly crashes

PARIS — Boeing is selling its 737 Max planes again.

AP names Michael Tackett deputy Washington bureau chief

WASHINGTON — The Associated Press on Tuesday named Michael Tackett, an award-winning journalist, as deputy bureau chief in Washington, directing coverage of the White House, Congress and politics.
Facebook plans its own currency for 2 billion-plus users

Facebook plans its own currency for 2 billion-plus users

SAN FRANCISCO — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too.

Kellogg cutting 150 jobs as part of Keebler sale

BATTLE CREEK, Mich. — Kellogg Co. is cutting 150 salaried jobs across North America as part of the previously announced sale of its cookie and fruit snack businesses.

Cobalt 27 to be bought by Swiss firm in deal that values it at $501 million

TORONTO — A Canadian cobalt speculation company is being bought by a Swiss firm in a deal that values the company at about $501 million. Toronto-based Cobalt 27 Capital Corp. says Pala Investment Ltd.
'The Profit' loses city vote against his huge US flag

'The Profit' loses city vote against his huge US flag

STATESVILLE, N.C. — A North Carolina city has voted against the flying of really big flags, holding its ground against a reality TV star's huge Stars and Stripes.
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