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Most actively traded companies on the TSX, TSX Venture Exchange markets

The Canadian PressMay 21, 2013 18:00

TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,742.43 up 129.38 points): Goldcorp Inc. (TSX:G). Miner. Up 77 cents, or 2.90 per cent, at $27.35 on 30.83 million shares. The gold sector led advancers on the main index, up 3.16 per cent to 185.89 points. Eastern Platinum Ltd. (TSX:ELR). Miner. Unchanged at nine cents on 11.27 million shares.

Court revives lawsuit vs Electronic Arts over video game image

Thomson ReutersMay 21, 2013 17:46

By Jonathan Stempel (Reuters) - A divided federal appeals court has revived a lawsuit against Electronic Arts Inc by a former Rutgers University star football quarterback, who accused it of using his image in a video game without permission. By a 2-1 vote, the 3rd U.S. Circuit Court of Appeals said on Tuesday that Ryan Hart, who played for Rutgers from 2002 to 2005, may pursue allegations that EA misappropriated his likeness for its NCAA Football game, one of the nation's best-selling video games.

Prosecutors' subpoena of SAC's Cohen puzzles defense lawyers

Thomson ReutersMay 21, 2013 17:46

By Matthew Goldstein NEW YORK (Reuters) - The decision by prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads.

Is Sony un-Japanese enough to entertain change?

Thomson ReutersMay 21, 2013 17:46

By Tim Kelly TOKYO (Reuters) - Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value.

Disney-owned ESPN cutting hundreds of jobs: source

Thomson ReutersMay 21, 2013 17:15

By Liana B. Baker (Reuters) - ESPN, the sports channel that is Walt Disney Co's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts said. The job cuts, comprising 4 to 6 percent of ESPN's staff of 7,000, include open positions that will not be filled, said the source, who asked not to be named because the information is not public.

Fed officials dampen talk of imminent bond buying cutback

Thomson ReutersMay 21, 2013 17:15

By Jonathan Spicer and Paul Carrel NEW YORK/FRANKFURT (Reuters) - Two senior Federal Reserve officials on Tuesday played down the chances that the central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation the Fed's ultra-easy monetary policy might end soon.

Appeals court strikes down Arizona ban on abortions at 20 weeks

Thomson ReutersMay 21, 2013 16:47

By Dan Whitcomb (Reuters) - A federal appeals court struck down an Arizona law on Tuesday that bans abortions from 20 weeks gestation, saying it violated "unalterably clear" U.S. Supreme Court rulings that women have a right to terminate pregnancies until a fetus is viable.

Hezbollah sends new fighters to bloody Syria battle

Agence France-PresseMay 21, 2013 16:30

Elite Hezbollah fighters poured across the border from Lebanon into Syria on Tuesday, a watchdog and others said, bolstering Syrian regime forces battling to retake the key rebel stronghold of Qusayr. Washington condemned Hezbollah's direct intervention on the side of President Bashar al-Assad's regime and diplomats said the European Union was poised to place the Shiite militant group's military wing on its terror blacklist.

Iraq 'apologises' to Jordan after Saddam supporters beaten

Agence France-PresseMay 21, 2013 16:30

Jordan on Tuesday summoned the Iraqi charge d'affaires after employees at Baghdad's embassy beat and kicked Jordanian supporters of Saddam Hussein at a seminar on mass graves in Amman. "The foreign ministry today summoned the Iraqi charge d'affaires to condemn this assault that contradicts all diplomatic norms," Jordanian Foreign Minister Nasser Judeh told the lower house of parliament in a televised meeting. "The charge d'affaires was told that Jordan does not accept such actions."

Moniz, sworn in as energy secretary, delays action on LNG exports

The Canadian PressMay 21, 2013 16:16

WASHINGTON - Energy Secretary Ernest Moniz said Tuesday he will put on hold about 20 applications to export liquefied natural gas until he reviews studies by the Energy Department and others on what impact the exports would have on domestic natural gas supplies and prices. Moniz, who was sworn in Tuesday as the nation's new energy secretary, said he promised during his confirmation hearing that he would "review what's out there" before acting on proposals to export natural gas. Among the things Moniz said he wants to review is whether the data in the studies are outdated.