The news, when it came following a period of differences of view on strategy between the board and management was delivered very late Sunday night: CEO George Ogilvie was gone.
Vancouver's Pacific Wildcat faced millions in losses when Kenya cancelled its project, prompting cries of corruption, but that turned out to be just a precursor to something much worse.
Microsoft Corp. (NASDAQ:MSFT) agreed to buy LinkedIn Corp (NASDAQ:LNKD) for $26.2 billion in cash, the companies said in a statement on Monday.
The offer of $196 per share represents a premium of 49.5 percent to LinkedIn's Friday closing price.
Accounting firm PwC found the globe's 40 biggest miners made a collective loss of $US27 billion ($37 billion) in 2015, the first loss across the entire industry, hit by China's slowing economy and a 25 per cent fall in commodity prices last year.
Billionaires are dumping massive amounts of money into gold right now and seeing huge returns. They are now ahead of a game that has seen prices rise almost 14 percent this year—even with the recent correction.
MONTREAL - Dollarama's (TSE:DOL) cash registers rang up a strong first quarter with double-digit increases in both sales and profit.
The Montreal-based retailer's net income rose by 28.4 per cent to $83.2 million from $64.8 million.
Valeant Pharmaceuticals International Inc. cut its 2016 profit forecast as new Chief Executive Officer Joseph Papa starts his attempt to turn around the embattled drugmaker. The shares plummeted in early trading.
TORONTO - Centerra Gold Inc. (TSE:CG) says its Kumtor subsidiary is the target of a fresh criminal investigation by the Kyrgyz Republic and that several senior managers have been advised they won't be allowed to leave the central Asian country.
