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Auto Outlook: Toyota bullish on U.S. comeback
OTTAWA, July 28 (UPI) -- The Canadian government said it would review the sale of technology giant Nortel Networks Corp. to a Swedish company to see if it fit national interests.
"The issue will come up as to whether this is a bid that is acceptable to the government of Canada under the Investment Canada rules," Industry Minister Tony Clement said.
The Toronto Star reported the Swedish company, Ericsson, has bid $1.13 billion for the Canadian firm. But pressure had mounted for the government to review the sale.
Liberal Party leader Michael Ignatieff had pressed for a review "on behalf of all Canadians … to ensure that the intellectual property developed with the investment of taxpayers' dollars continues to benefit us all."
"Canada has a long tradition of welcoming foreign direct investment," Ignatieff said. However, "we must also be certain we can intervene to ensure Canadian interests," he said.
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BOGOTA, Feb. 14 (UPI) --
Colombia's energy industry is heading toward a price fall because of oversupply of electricity, which could bodes ill for the expanding power generation sector.
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The first international version of Raytheon's APY-10 maritime surveillance radar is to be installated on a P-8I patrol aircraft being built for the Indian navy.
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Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
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President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
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