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Updated: 18 min 48 sec ago

EU fines JPMorgan, UBS, Credit Suisse total $120 million

46 min 19 sec ago

BRUSSELS (Reuters) - The European Commission fined JPMorgan , UBS and Credit Suisse a total of 94 million euros ($120 million) on Tuesday for taking part in cartels in the financial sector. JPMorgan received a 61.7 million euro fine for rigging the Swiss franc Libor benchmark interest rate between March 2008 and July 2009. It was also fined 10.5 million euros for participating in a cartel on Swiss franc interest rate derivatives. UBS' penalty in the derivatives cartel came to 12.7 million euros and that of Credit Suisse was 9.2 million euros. ...


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Coca-Cola Co profit falls; company expands cost-cutting

51 min 22 sec ago

By Anjali Athavaley (Reuters) - Coca-Cola Co said on Tuesday that its quarterly profit fell 14 percent as sales of carbonated beverage volumes in North America declined. The company, whose shares fell 4 percent, also said it expected to miss its long-term earnings growth target in 2014, due in part to currency fluctuations. It forecast a 6 percentage point impact from currency on full-year operating income, which is on the high end of the outlook the company gave last quarter. The world's largest beverage maker said net income for the third quarter ended Sept. 26 declined to $2. ...


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CP Rail earnings rise, but miss expectations

55 min 45 sec ago

(Reuters) - Canadian Pacific Railway Ltd reported higher third-quarter earnings and revenue on Tuesday but the results fell slightly short of analyst expectations. The railway's operating ratio, a key measure of efficiency, improved 310 basis points to a record low 62.8 percent. The ratio expresses operating expenses as a percentage of revenue, so lower numbers are better. When Chief Executive Hunter Harrison took over CP in 2012 he vowed to bring the ratio down to 65 percent by mid-2016, but it actually hit 65.1 percent in the second quarter of this year. ...


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New Brunswick premier backs Energy East pipeline on Alberta visit

1 hour 5 min ago

New Brunswick premier Brian Gallant told his Alberta counterpart Jim Prentice that he favours the Energy East pipeline reversal project to allow exports of Alberta crude oil to his province's ports. Gallant began a four-day trip to Alberta on Monday by meeting with Premier Prentice in Calgary. The TransCanada Pipelines Energy East project would use 3,000 kilometres of existing gas pipeline and would require the construction of 1,400 kilometres of new pipeline.


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3 top Toronto mayoral candidates debating Tuesday morning

1 hour 7 min ago

There's not much time left for Toronto's mayoral candidates to make their case to voters, but they are still making time to mix it up with one another during debates.


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Canadian soldier dead after hit by 'radicalized' driver

1 hour 12 min ago

OTTAWA (Reuters) - One of two Canadian soldiers run down by a car driven by a suspected Islamic militant has died, police said on Tuesday, the first such incident in Canada since the country joined the fight against Islamic State militants. A police spokesman said the soldier died late on Monday. His name, age or rank were not released. The soldier was one of two walking near a Quebec strip mall when they were run down by the car. Quebec police shot and killed the 25-year-old driver after a chase following the incident on Monday. ...


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Researchers develop "smart blade" to measure routine impact on figure skaters

1 hour 17 min ago
VANCOUVER - Triple axel, death spiral, lutz, salchow, quadruple: figure skating even sounds painful.
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NYC exhibit of Louis Armstrong photographs by Jack Bradley includes rare, poignant images

1 hour 19 min ago

NEW YORK, N.Y. - Louis Armstrong sometimes referred to Jack Bradley as his "white son," inviting him to private rehearsals, recording sessions, on the road, his dressing room and home. Bradley had unrestricted access to his hero for 12 years, documenting the jazz legend through thousands of photographs and saving Armstrong's sound recordings, fan letters — and even handkerchiefs.


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Cost of making 3 'Hobbit' movies rises to $745 million as epic sets new spending benchmarks

1 hour 19 min ago

WELLINGTON, New Zealand - The movie trilogy "The Hobbit" has so far cost nearly three-quarters of a billion dollars to make as the epic continues to set new benchmarks for studio spending.


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Canadian Pacific Q3 profit, revenue up from a year ago but below estimates

1 hour 43 min ago
CALGARY - Canadian Pacific Railway (TSX:CP) says it had $400 million of net income or $2.31 per diluted share in the third quarter — up from last year but short of estimates.
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Mental health part of new phys ed curriculum

1 hour 47 min ago
A new physical education curriculum for grade 10 classes on P.E.I. is shifting some of the focus away from fitness and competitive sports, and more toward student wellness and mental health. The new curriculum was rolled out provincewide this fall. It includes components on healthy eating, conflict resolution and community service.
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Clarence-Rockland cancels online, phone voting 1 week before election

1 hour 52 min ago
With less than a week until Monday's municipal elections, the city of Clarence-Rockland, Ont., has cancelled online and telephone voting because voter PIN numbers were being compromised. The municipality's clerk, Monique Ouellet, announced the news at a city council meeting Monday night. In a statement, the municipality said the new "emergency plan has been put in place in order to ensure the credibility" of the election.
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Rookie city councillors reflect on first year since election

2 hours 46 sec ago
In newly-elected mayor Don Iveson’s speech on Oct 21, 2013, he promised a fresh new approach to city politics. "Our promises to you are based on your imagination, your ambition, your new feeling of hope and optimism in Edmonton," Iveson said. Along with Iveson, Edmonton also welcomed six fresh, new faces to council.
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Kinder Morgan Canada pipeline plans hits a mountain of opposition

2 hours 21 min ago

By Julie Gordon VANCOUVER (Reuters) - A Western Canadian pipeline once seen as the best near-term hope for sending more of the country's controversial tar sands crude to Asia has hit another snag: aboriginal communities intent on using the courts to block the proposed expansion. Kinder Morgan Energy Partners' C$5.4 billion ($4.8 billion) Trans Mountain expansion would twin a 60-year-old line running from the oil-rich province of Alberta to the coastal city of Vancouver, tripling its capacity. The pipeline expansion had been seen as sure bet because it uses an existing route. ...


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Designer Oscar de la Renta, beloved by first ladies, socialites and starlets, dead at 82

2 hours 22 min ago

NEW YORK, N.Y. - At his Fashion Week runway show in September, Oscar de la Renta sat in his usual spot: in a chair right inside the wings, where he could carefully inspect each model just as she was about to emerge in one of his sumptuous, impeccably constructed designs.


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Air France KLM, Delta, Alitalia offer concessions to settle EU probe

3 hours 42 min ago

BRUSSELS (Reuters) - Air France KLM , Delta Air Lines and Alitalia have offered to give up slots at three airports and made other concessions to settle a European Union antitrust investigation, the European Commission said on Tuesday. "The commitments are primarily aimed at enabling competing airlines to start operating or extend existing operations on the affected routes by lowering barriers to entry or expansion," the EU competition watchdog said in a statement. The carriers are also prepared to let rivals sell tickets on their flights and facilitate their access to connecting traffic. ...


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Exclusive: ECB looking at corporate bond buys, could move as soon as December - sources

3 hours 53 min ago

FRANKFURT (Reuters) - The European Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December with a view to begin buying early next year, several sources familiar with the situation told Reuters. The ECB has already carried out work on such purchases, which would widen out the private-sector asset-buying program it began on Monday - stimulus it is deploying to try to foster lending to businesses and thereby support the euro zone economy. ...


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Designer Oscar de la Renta, beloved by first ladies, socialites and starlets, dead at 82

4 hours 2 min ago
NEW YORK, N.Y. - At his Fashion Week runway show in September, Oscar de la Renta sat in his usual spot: in a chair right inside the wings, where he could carefully inspect each model just as she was about to emerge in one of his sumptuous, impeccably constructed designs.
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CDC releases new Ebola gear guidelines for health workers; monitoring ends for some in Dallas

4 hours 3 min ago

ATLANTA - Federal officials are going on the road with new guidelines to promote head-to-toe protection for health workers treating Ebola patients.


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Oscar Pistorius sentenced to 5 years in prison for killing girlfriend Reeva Steenkamp

4 hours 4 min ago
PRETORIA, South Africa - Oscar Pistorius was sentenced Tuesday to five years in prison for killing Reeva Steenkamp by a South African judge who cited the "gross negligence" the runner showed when he shot his girlfriend multiple times through a toilet cubicle door in his home.
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