Deborah Allan News
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Computer Sciences Corp. agreed to pay $97.5 million to settle a class-action lawsuit over alleged false statements about accounting and the company’s performance on a multibillion-dollar contract.
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Ron Mock, senior vice president of fixed income and alternative investments at Ontario Teachers’ Pension Plan, will succeed Jim Leech as chief executive officer and president next year.
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Ontario Teachers’ Pension Plan, Canada’s third-biggest retirement fund, is seeking more investments for its natural-resource unit after closing its first deal.
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Ontario Teachers’ Pension Plan will search for a new head of private equity after Erol Uzumeri said he’s leaving the Toronto-based pension fund manager.
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McGraw-Hill Cos. may accelerate its plan to spin off businesses, under pressure from hedge fund Jana Partners LLC, which bought a stake in the textbook publisher and owner of Standard & Poor’s.
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Ontario Teachers’ Pension Plan, Canada’s third-largest retirement fund, plans to open a Hong Kong office next year as it diversifies its investments and bridges funding shortfalls.
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McGraw-Hill Cos. may be forced to sell its education business, and some of the pressure is coming from Canadian teachers seeking to bolster their pension.
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Rogers Communications Inc. may bid for the Toronto Maple Leafs hockey team and the Raptors basketball club for about C$1.3 billion ($1.28 billion), the Toronto Star reported, which would add sports programming to keep pace with competitors such as BCE Inc.
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BCE Inc., Canada’s largest telecommunications operator, is leading a group that’s close to acquiring Web-services company Q9 Networks Inc. for at least C$1 billion ($960 million), the Globe and Mail reported.
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Manabi SA, the first Brazilian iron- ore company to go public since 2006, is counting on Ontario Teachers’ Pension Plan to spark investor interest in its share sale after Brazil’s benchmark stock index entered a bear market.
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