Can’t-miss stories from the web
Short interest on Research in Motion Ltd. has hit a record high, a sign investors are anticipating disappointing earnings as the wait for a new lineup of BlackBerry smartphones takes as long as six months.
Meet the man responsible for Facebook’s botched IPO
Who is to blame for Facebook’s staggering losses over the past 90 days? According to the New York Times’ Andrew Ross Sorkin, it's this guy.
Bristow Group grabs minority stake in Cougar Helicopters
The helicopter services company said it will invest $250-million in privately held Cougar Helicopters, gaining access to a growing Canadian exploration and production market.
Valeant’s acquisition strategy back on track
Valeant Pharmaceuticals International Inc.’s $2.6-billion agreement to purchase Medicis Pharmaceutical Corp. recharges an acquisition strategy that had stumbled with last year’s failed bid for Cephalon Inc.
Manulife may buy Japan, Southeast Asia ING units
ING Groep NV is pressing prospective buyers (including Manulife Financial Corp.) of its Southeast Asia and Hong Kong units to also acquire part of its Japanese unit, according to sources.
The implications of China’s slowdown
It’s big, intrinsic to the global economy and has the potential to cause serious harm to its trading partners in the event of a hard landing.
Large U.S. companies braced for Grexit
While politicians assure markets that a solution will be found, some companies are considering filling trucks with cash in order to pay their Greek employees.
Twin Butte Energy to pick up Waseca Energy
The $127-million deal is expected to close in November.
My big, fat Greek tax cheat map
Larissa is allegedly home to the highest number of tax dodgers in Greece.