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
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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
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
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