News

Michael Graydon, Ex-Lottery Boss, Returns $55,000

huffingtonpost.ca - 1 hour 50 min ago
VICTORIA – The former boss of the B.C. Lottery Corporation has paid back $55,000 collected while he was found to be in a conflict of interest.

Michael Graydon left the Crown agency last February to become president of the newly formed PV Hospitality ULC, an affiliate of the Paragon Gaming Inc. developing a casino project adjacent to BC Place.

A government review found he’d been in negotiations for two months while still at the helm of the lottery corporation.

He did not disclose that fact to the lottery board.

And after he left he had access to the agency’s information system for another 10 days, though there was no evidence Graydon used insider information to benefit his new employer.

Graydon received a $125,000 severance package when he quit but he was not asked to repay $30,000 in vacation pay to which the agency said he was legally entitled.

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Hamas commander killed in air strike responsible for 2006 kidnapping of Gilad Shalit, Israeli army says

canada.com - 2 hours 17 min ago
The deaths of Mohammed Abu Shammala, Raed Al-Attar and Mohammed Barhoum marked the highest-ranking figures Israel has been able to kill in 45 days of warfare
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Man in charge of Ferguson security makes no apologies for use of heavily armed SWAT officers and tear gas

canada.com - 2 hours 47 min ago
'You go down to [where police reportedly came under fire] and those guys coming out with guns against you,' he told a reporter who challenged him on police actions
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Germany gives nod to RWE unit sale to Russian investor: sources

Reuters - 3 hours 4 min ago
FRANKFURT/BERLIN (Reuters) - Germany's economy ministry will approve the sale of utility RWE's oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis, two people familiar with the matter said.
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Deported Mexicans get new life in booming call centers that cater to American consumers

Fox Business - 3 hours 5 min ago
Thousands of Mexican citizens deported by U.S. authorities are finding refuge at call centers in Tijuana and other border cities.
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Driven: Uber's Campaign to Run Over Competitors and Win the World

Mashable - Thu, 08/21/2014 - 23:48

The cancellations started piling up in mid-January. More than 100 of Gett's black cars had customers pull their ride orders in New York during a three day period. Some of those rides were reportedly nixed at the last minute when the car was already at the pickup location. The culprit, as the startup soon figured out looking through its system, was Uber

Employees at Uber ordered and cancelled rides in order to ascertain the phone numbers for Gett's drivers. Uber's employees then tried to recruit those drivers away from Gett, a taxi startup that had only arrived in New York a few months earlier to compete with Uber. After Gett's CEO went public with the incident, Uber apologized, noting that "the sales tactics were too aggressive." That mea culpa didn't exactly do much to change the opinion of Uber within the industry. Read more...

More about Funding, Startups, Uber, and Business
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Cloud Behind The Latest Spate Of Mergers And Acquistions

Forbes - Thu, 08/21/2014 - 23:34
These days, everyone wants a piece of the cloud. Technology mergers and acquisitions are on a tear for a blockbuster year, and cloud computing is responsible for much of this burst of activity.
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Frequency Of Reported China Food Safety Problems May Be A Sign Of Progress

Forbes - Thu, 08/21/2014 - 23:17
High-profile reports of food safety problems at suppliers to McDonald’s, KFC and Heinz in China this month might lead to you to think food safety conditions in the country are worsening. Yet an increase in the discovery of food safety threats may also be a sign that public health offices and organizations are making progress in detecting problems.
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Ford, BMW See Success In The Relatively Serene Car-Sharing Scene

Forbes - Thu, 08/21/2014 - 23:08
While on the ride-sharing side of things Uber and Lyft bicker with each other and fight with the entire American taxi-driving fraternity, things are much smoother over on the car-sharing front. No one seems to be arguing, and a boom in the sector is lifting the auto companies that are participating.
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Winnipeg, Southern Manitoba Thunderstorm Leads To Major Flooding

huffingtonpost.ca - Thu, 08/21/2014 - 22:28
A severe thunderstorm left Winnipeg and other parts of southeastern Manitoba under water on Thursday evening, after an estimated 50 to 75 millimetres of rain fell on the region.

CBC News reports at least two vehicles were partly submerged due to flooding, at the popular underpass at Higgins Avenue and Main Street, in Winnipeg. According to the network, other cars and transit buses remained stuck in place nearby as the heavy rain shut down streets, overwhelmed storm sewers, and cut off power to street lights.

Soon after, residents took to Twitter to catalogue the effects of the storm.

"Guy now out and trying to salvage anything he can as his car sinks," tweeted Jeremy Desrochers. "Huge rains continue in #Winnipeg. #MBSTORM."

Guy now out and trying to salvage anything he can as his car sinks... Huge rains continue in #Winnipeg. #MBSTORM pic.twitter.com/iXl2ZVbG0f

— Jeremy Desrochers (@Cameraman_Jer) August 21, 2014


This flooding follows extreme weather warnings from Environment Canada, which wrote, "50 mm of rainfall had been received from southwestern portions of the city" by 6:45 p.m. CT.

"Elsewhere in the city reports of 25 to 50 mm have been received. This system is extremely slow moving and further rainfall amounts of 10 to 30 mm are possible."

The agency also calls for heavy rain on Sunday, and Monday.

Three cars completely submerged under main st. underpass. That sure escalated quickly #mbstorm @ctvwinnipeg pic.twitter.com/P84CQKkctE

— Julie Briggs (@JeBrigg13) August 22, 2014


Winnipeg police has cautioned drivers to stay off the road, and emergency workers are on the scene, reports CTV News.

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How A Chinese Meat Processor Survives the Shanghai Husi Scandal

Forbes - Thu, 08/21/2014 - 22:26
The Shanghai Husi scandal was a desperate time for McDonald’s and Yum! Brands, the parent company of KFC and Pizza Hut. But for Shandong Longda Meat Foodstuff, a little- known Chinese meat processing company that also does business with the Shanghai supplier, things aren’t that desperate.
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Reporter held by Islamic State has passion for Middle East

USA Today - Thu, 08/21/2014 - 22:25

Steven Sotloff, being held by the Islamic State, was drawn to the region's hot spots.

       
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Jack Ma-Backed Film Studio Huayi Brothers Reports Small 1st-Half Profit Gain

Forbes - Thu, 08/21/2014 - 22:17
Huayi Brothers Media, the Chinese movie studio led by billionaire Wang Zhongjun, said today first half net profit edged up by 3.6% from a year earlier to to 417.4 million yuan, or $68 million, amid a big drop in revenue.
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Hong Kong Stocks Rebound As China Mobile Advances

Fox Business - Thu, 08/21/2014 - 22:13
Hong Kong's Hang Seng Index stock benchmark bounced back above the key 25,000 mark Friday morning, rising 0.3% to 25,075.83 after losing 0.7% in the previous session.
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U.S. federal prosecutors questioning GM lawyers on vehicle recalls: source

Reuters - Thu, 08/21/2014 - 22:03
(Reuters) - U.S. federal prosecutors have learned that lawyers for General Motors Co were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation said.
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Asia Stocks: Latest Quotes

Fox Business - Thu, 08/21/2014 - 21:49
Here are the latest trading levels for Asia's major stock markets: Tokyo (Nikkei Average) up 0.1% ; Hong Kong (Hang Seng Index) up 0.3% ; Shanghai (Shanghai Composite Index) flat ; Sydney (S&P/ASX 200) up 0.3% ; Seoul (Kospi) up 0.6% Taipei (Taiex) up 0.8% Copyright © 2014 MarketWatch, Inc.
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