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Canada slaps sanctions on Russian oil industry

OTTAWA — Canada announced new sanctions against Russia on Friday, including additional restrictions on the export of technology used in the oil and gas industry, saying it was important to speak truth to power. 176 more words

Energy

American Apparel Inc founder Dov Charney working on takeover bid with private equity partner, source says

NEW YORK — American Apparel Inc. founder Dov Charney, who was fired by the company this week, is working with private equity firm Irving Place Capital on a bid to acquire the retailer, according to a person familiar with the situation. 358 more words

Breaking

FBI: NORTH KOREA OFFICIALLY BEHIND SONY HACK

The FBI has confirmed that North Korea is the primary agent responsible for the hacking of Sony, and subsequent threats resulting in the cancellation of the highly anticipated Judd Apatow comedy, “The Interview” 62 more words

International

Man Dies After Falling From Roof In Hazelwood

PITTSBURGH (KDKA) – Neighbors and co-workers are devastated after a man fell from the roof of a duplex Friday morning in Hazelwood and died from severe head injuries. 342 more words

News

Unilever pulls lawsuit against Just Mayo maker Hampton Creek

Unilever, the maker of Hellmann’s mayonnaise, withdrew a lawsuit against startup Hampton Creek Foods Inc. over the labeling of its Just Mayo product.

A unit of London- and Rotterdam-based Unilever, the world’s biggest seller of mayonnaise, had accused San Francisco-based Hampton Creek of misleading consumers because its Just Mayo implies the product is mayonnaise, even though it doesn’t contain eggs. 195 more words

Breaking

Russian lawmakers just agreed in a single day to bail out the country's banks: 'Those against are Bolsheviks'

A bill authorizing a 1-trillion ruble recapitalization of banks was rushed through Russia’s lower house of parliament.

Legislators in the State Duma approved the bill in all three readings today, allowing the Finance Ministry to issue new OFZ bonds that will be exchanged for subordinated bonds of recapitalized banks. 710 more words

Economy

TSX racks up fourth day of advances

TORONTO — The Toronto stock market closed sharply higher Friday, adding to a string of solid gains as investors continue to buy up stocks oversold in the course of a fall sell-off. 504 more words

Investing