Canadian media executive Paul Godfrey and a group of bondholders agreed to buy Canwest Global Communications Corp. ’s newspaper chain for C$1.1 billion ($1.1 billion), beating an offer from rival Torstar Corp.
Hedge funds, broker-dealers and mortgage companies may face unprecedented demands for data on everything from risk exposure to trading partners as U.S. regulators seek to identify firms that pose a potential threat to the financial system, a confidential government report says.
Canwest Global Communications Corp. and dissenting shareholders continued talks to resolve a dispute over the sale of the company’s television assets to Shaw Communications Inc. for C$2 billion ($1.9 billion), delaying a scheduled court hearing.
Federal Deposit Insurance Corp. Chairman Sheila Bair has taken herself out of the running to lead the new U.S. consumer-protection agency after her name was put forward by Senate Banking Committee Chairman Christopher Dodd , a person with direct knowledge of the matter said.
“The Forest,” a serious comedy by Aleksandr Ostrovsky (1823-86), goes some way to rectify a neglect that has limited the Russian dramatist’s American reputation to “The Storm,” on which Janacek based his magnificent opera, “Katya Kabanova.”
Congressional negotiators meeting to resolve differences over bank-regulation legislation are likely to retain a proprietary-trading ban and higher capital standards while stripping a measure that would bar commercial lenders from running swaps desks, said lawmakers and analysts.