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U.S. hedge fund reports owning more than a 5% stake in Obsidian Energy

U.S. hedge fund reports owning more than a 5% stake in Obsidian Energy

CALGARY — Activist investor FrontFour Capital says it will attempt to influence decisions at Calgary-based Obsidian Energy Ltd. (TSX:OBE) after accumulating more than 27 million shares. The Greenwich, Conn.

Nevsun Resources loses B.C. appeal to move human rights lawsuit to Eritrea

VANCOUVER — The British Columbia Court of Appeal has dismissed an appeal by Nevsun Resources (TSX:NSU) to have a human rights case against the miner moved to the Eritrea.

State gives initial OK for $5.6M to help Icahn raze casino

ATLANTIC CITY, N.J. — A New Jersey redevelopment agency has given preliminary approval to a $5.6 million payment to billionaire investor Carl Icahn to help pay for the demolition of part of Atlantic City's former Trump Plaza casino.
TSX up in broad-based advance, as U.S. stocks hit new record highs

TSX up in broad-based advance, as U.S. stocks hit new record highs

TORONTO — It was a positive day on both sides of the border as Canada's main stock index pushed higher and U.S. stocks hit new record highs. The S&P/TSX composite index advanced 72.25 points to 16,076.

Most actively traded companies on the TSX

Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,076.65, up 72.25 points) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 22 cents, or 3.76 per cent, to $6.07 on 12.5 million shares.
RBC added to Financial Stability Board list of 30 systemically important banks

RBC added to Financial Stability Board list of 30 systemically important banks

TORONTO — The Royal Bank of Canada is the first Canadian lender to be added to the Financial Stability Board's list of global systemically important banks, which are deemed too big to fail.

Hulu sued for not offering audio service for blind customers

BOSTON — Advocacy groups have sued Hulu in an effort to force the subscription streaming service to provide an audio track that helps people who are blind or visually impaired enjoy TV shows and movies.
George Weston to close unprofitable bakery in U.S. amid frozen food challenges

George Weston to close unprofitable bakery in U.S. amid frozen food challenges

TORONTO — George Weston Ltd. (TSX:WN) says it will close an unprofitable frozen cake factory in the United States by the end of the first quarter of 2018 as it reviews its strategy in light of challenges in its frozen food business.
Nations decide to increase quota for Atlantic Bluefin tuna

Nations decide to increase quota for Atlantic Bluefin tuna

MARRAKECH, Morocco — Countries fishing the eastern Atlantic and the Mediterranean agreed Tuesday to expand the annual quota for prized Bluefin tuna to reflect an improvement in their stocks.
CBS News and PBS cut ties to Rose following sex allegations

CBS News and PBS cut ties to Rose following sex allegations

NEW YORK — CBS News and PBS both cut ties to Charlie Rose on Tuesday, less than 24 hours after several women who worked with him on his PBS interview show alleged a pattern of sexual misconduct, including groping and walking naked in front of them.