Canadian media company Bell Globemedia to acquire rival CHUM
Canadian media company Bell Globemedia to acquire rival CHUM

Wednesday, July 12, 2006 Canadian media company CHUM Limited has announced that it has agreed to be acquired by larger rival Bell Globemedia Inc. for $1.7 billion CAD cash, bringing the CTV and Citytv broadcast-television networks and such specialty channels as MuchMusic, TSN and Bravo! under the same corporate umbrella. Shareholders will receive $52.50 per […]

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Five biggest US banks told to raise $74.6 billion; fail “stress tests”
Five biggest US banks told to raise $74.6 billion; fail “stress tests”

Saturday, May 9, 2009 The five largest United States banks need a total of US$74.6 billion in extra funds to increase their cash reserves, according to so-called “stress tests” conducted by regulators to determine whether the banks have enough capital to survive the ongoing recession. “Our hope with today’s actions is that banks are going […]

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Wikinews Shorts: December 4, 2008
Wikinews Shorts: December 4, 2008

A compilation of brief news reports for Thursday, December 4, 2008. On December 2, the Toronto city council voted in favor of banning the sales and distribution of bottled water on city property. The council also agreed to provide public drinking fountains on their properties, as well as on a measure that would make shoppers pay […]

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