General Motors Financial Co. Inc., a unit of automaker General Motors Co. (NYSE:GM), said it agreed to acquire FinanciaLinx Corp. to expand its product offerings in Canada.
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Posts Tagged ‘Canada’
GM Financial To Buy Canada’s FinanciaLinx
March 31st, 2011 
admin 
Posted in Auto News 
Tags: Canada, Corp, Financial, FinanciaLinx, General, general motors, gm, NYSE, post, Product, product offerings, unit, View 
Comments OffFord recalls 34,000 US, Canada trucks on fire risk
March 2nd, 2011 admin Ford has recalled 34,100 trucks in the United States and Canada due to two defects which could cause a fire, the automaker said today.
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Schools in Ontario, Atlantic provinces close due to snowstorm
December 9th, 2010 admin Vittorio Hernandez – AHN News News Writer
London, Ontario, Canada (AHN) – Schools in Ontario were closed again Wednesday following the snowstorm that battered the province. The affected schools are in London, Middlesex and Elgin counties as well as the University of Western Ontario and Fanshawe College.
Some of these areas got about a meter (39.4 inches) of snowfall, forcing residents to stay away from school and offices. The amount of snowfall in London the past two days is the equivalent of snowfall from December to March.
London Mayor Jose Fontana, however, said the situation does not warrant the declaration of a state of emergency in the city even if the cold weather conditions caused the paralysis of land transportation in parts of London.
In Eastern Canada, aside from snow, there were high winds and rains which caused not only the shuttering of schools but also inundation and a power outage on Monday.
Aside from partially flooded streets, Halifax and parts of Nova Scotia have collapsed power poles and lines. The power outage affected 30,000 customers in Nova Scotia and 2,500 in New Brunswick.
Water transport between Caribou in Nova Scotia and Wood Islands in Prince Edward Islands were cancelled and ferry schedules between Nova Scotia and Newfoundland and Labrador were disrupted.
Environment Canada forecast that the extreme cold weather alert will be lifted Thursday morning. The weather agency said it expects temperature of minus 4 degrees Celsius (24.8 Fahrenheit).
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Posted in Uncategorized Tags: AHN, Atlantic, Canada, close, cold weather conditions, Eastern Canada, elgin counties, extreme cold weather, fanshawe college, Jose, Labrador, London, london ontario canada, Newfoundland, News, Nova Scotia, Ontario, outage, power, Prince Edward Islands, provinces, Schools, snowfall, snowstorm, Vittorio, weather, Wood Islands Comments OffOntario Teachers Sell Stake In Maple Leaf
November 24th, 2010 admin AHN News Staff
Toronto, Ontario, Canada (AHN) – The Ontario Teachers Pension Plan announced Wednesday it sold all its stake in Maple Leaf Foods Incorporated. The shares were sold at a 17 percent discount.
BMO Capital Markets and TD Securities, underwriters of the deal, bought 34.5 million common shares of Maple Leaf at $10.50 per common shares. The transaction grossed $362.4 million. The sold share represent 25.2 percent stake in Maple Leaf.
The underwriters originally said they would purchase only 15 percent of the teachers’ share in Maple Leaf, but eventually bought all the stocks of OTPP.
Before the announcement of the sale, Maple Leaf shares traded at $12.70. The stock sold only an average daily trading volume of 135,508 shares the past six months.
The sell-off ends a long relationship between the meat processor and teachers. Relationship between the two groups soured in summer because the OTPP was not happy with Maple Leaf’s attempt to boost stock price and the teachers were against a shareholders right plan adopted by Maple Leaf in June.
The teachers were also opposed to plans to spend $1.3 billion restructuring and modernizing the food firm’s processing plants to hike the volume of ready-made products, while cutting Maple Leaf’s traditional pork and poultry operations.
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Posted in Uncategorized Tags: AHN, Canada, Leaf, Maple, maple leaf foods, Ontario, ontario teachers pension, ontario teachers pension plan, OTPP, percent, plan, poultry operations, Sell, Share, Stake, Teachers, teachers pension plan, Toronto, toronto ontario canada Comments OffCanadian-Japanese Team Digs Frozen Gas Hydrates In Arctic
November 15th, 2010 admin AHN News Staff
YellowKnife, Northwest Territories, Canada (AHN) – A joint Canadian and Japanese team will announce this week details of their frozen gas hydrates discovery in the Arctic region. Gas hydrates looms as a new energy source, produced using conventional techniques.
The team invested $48 million on the venture, which had researchers drilling over two winters over a kilometer into a 150-meter thick layer on the edge of the Beaufort Sea at Mallik. The area has the most known concentrated deposit of frozen fuel in the world.
Previous drilling attempts produced gas from hydrates for only a few hours, but the Mallik drilling provided steady and sustained flow for six days.
Hydrates build up in large quantities under oceans and permafrost. The pressure traps gas in small cages or crystals made of water molecules, which when brought to the surface the cages melt and release methane gas that burns when lit with a match and generate a fiery ice.
It produces 40 percent less carbon dioxide than oil or coal when burned.
About 300 scientists and engineers are involved in the Mallik 2002 Gas Hydrate Production Research Program. The lead agency behind the program is Natural Resources Canada. Other agencies participating in the venture are the Japan National Oil Corporation, GeoForschungsZentrum Potsdam, the U.S. Department of Energy, the India Minister of Petroleum and Natural Gas-Gas Authority of India and the BP-Chevron Texaco Mackenzie Delta Joint Venture.
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Posted in Uncategorized Tags: AHN, Arctic, Beaufort Sea, Canada, CanadianJapanese, chevron texaco, Digs, drilling, Energy, Frozen, Hydrates, India, japan national oil corporation, mackenzie delta, Mallik, methane gas, national oil corporation, Northwest Territories, northwest territories canada, oil, Potsdam, Team, U.S. Department, Venture Comments OffBC Woman Files Lawsuit To Open Sperm Donor Records
October 26th, 2010 admin AHN News Staff
Vancouver, British Columbia, Canada (AHN) – A British Columbia woman filed a lawsuit to force the opening of sperm donor records in the Canadian province. Journalist Olivia Pratten, who filed the lawsuit, is a sperm donor offspring but she is no longer keen on finding out the identity of her biological father.
However, she wants that option open to other BC babies conceived through artificial insemination, and who may want to eventually know and meet the man who donated his sperm.
Current laws do not make the records of the sperm donors available to their offsprings. In most cases, the documents are even destroyed. Pratten sought a new law that would mandate doctors to keep records and make them available to children of sperm donors, if the children request the information.
Pratten’s lawyer, Joseph Arvay, pointed out that while adopted children have the right to know their biological parents, the same rights are not extended to people conceived through artificial insemination using sperm donors.
Pratten said she filed the lawsuit because despite her communication with various government institutions since the 1990s to protect sperm donor files and make the documents available to offsprings, she was informed the matter was beyond their jurisdiction.
The husband of Pratten’s mother became infertile as a complication of bladder surgery, so Shirley Pratten agreed to artificial insemination using a sperm donation. The Pratten couple initially hid the fact from Olivia upon advice of their doctor, but eventually changed their mind and sought more information about the sperm donor.
However, the doctor said the donor’s record was destroyed after the legal requirement to keep the document for six years lapsed. Based on scant information available, the sperm donor is Caucasian, was a medical student then, and had brown hair, blue eyes and type A blood.
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Posted in Uncategorized Tags: AHN, artificial insemination, bladder surgery, British Columbia, british columbia canada, Canada, doctor, Donor, Files, information, insemination, Joseph Arvay, Lawsuit, Olivia, Olivia Pratten, Open, Records, Shirley, Sperm, sperm donors, Vancouver, vancouver british columbia, vancouver british columbia canada, Woman Comments OffAnother Canada Privacy Commission Probe Looms Over Facebook
October 22nd, 2010 admin AHN News Staff
Ottawa, Ontario, Canada (AHN) – Barely a month after the Privacy Commissioner of Canada completed a review of social networking site Facebook and concluded the latter met expectations under Canada’s privacy law, the commission said on Monday it was considering holding another investigation on Facebook.
The warning was triggered by reports in a business daily that Facebook has been sending the personal information of members to Web tracking firms. Dozens of Facebook applications, including 10 of the sites most popular games, have reportedly been secretly transmitting information to advertising and internet tracking companies.
The secret transmission is a violation of the privacy guidelines of Facebook, which has more than 500 million users worldwide.
In 2008 Canadian Privacy Commissioner Jennifer Stoddart initiated an investigation into Facebook’s privacy practices after her office received complaints of violations of the country’s privacy law. Stoddard cleared Facebook last month after the social networking site put in place several measures to limit the sharing of personal information with third party application developers.
Prior to the news report that one of the top distributors of Facebook applications have been secretly transmitting the Facebook identification number of users and friends to at least 25 advertising and data firms, which build profiles of the internet users by monitoring their web habits, Stoddart’s office had began another probe on the site. The investigation covered Facebook’s “Like” button and invitation features that suggest new friends to members.
Facebook immediately responded to the news report. The site said there was no evidence any personal information was misused, but Facebook will come up with new technologies to prevent the sharing of members’ IDs. However, Facebook admitted it was aware that the IDs of some members could have been inadvertently shared to advertisers, but it would also address this issue.
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Posted in Capital Tags: AHN, Another, Canada, canadian privacy commissioner, Commission, Commissioner Jennifer Stoddart, Facebook, information, investigation, Looms, News, Ontario, Ottawa, ottawa ontario canada, over, Privacy, privacy commissioner of canada, Probe, site, social networking site, web habits Comments OffOctober Annually Most Dangerous Month for Teen Drivers
October 15th, 2010 admin Ayinde O. Chase – AHN News Editor
Bloomington, IL, United States (AHN) – According to insurance claims data, October remains the most dangerous month of the year for teen driver crashes. Reviewing claims data spanning the last seven years, the highest instance of injury or collision claims filed by 16- and 17-year-old drivers annually spikes nearly 15 percent in October, versus other months of the year.
State Farm evaluated its extensive claims database from 2003 – 2009, and in every year, October continues to register the most claims across the United States and portions of Canada.
Additionally, 70 percent of states show October as being among its top three months for teen accident claims.
Car crashes remain the number one killer of teens and fall is a time that many new drivers hit the roads returning to school, attend homecoming functions and resume other back-to-school busy schedules.
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Posted in Uncategorized Tags: Annually, Ayinde, Bloomington, Canada, car crashes, collision claims, Dangerous, driver crashes, Drivers, Editor, insurance, month, Most, News, O. Chase - AHN, October, old drivers, percent, returning to school, Teen, United States, year Comments OffMore MS Patients in Canada Pin Hopes on Bulgaria
October 10th, 2010 admin A controversial treatment for multiple sclerosis patients, which is available in Bulgaria, is gaining popularity in Canada, all the more so after the country’s major federal funding agency refused to provide money for it. A Corner Brook man is one of the dozens, who says he’s heading for Destination Liberation in the Bulgarian capital Sofia. The procedure, called “Liberation Treatment”, consists of putting stents in the veins of the neck to drain the blood from the brain properly….
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Posted in Car Finance Tags: agency, Bulgaria, bulgarian capital, Canada, controversial treatment, corner brook, country, funding, Hopes, Liberation, More, Patients, popularity, sclerosis, sclerosis patients, Sofia, stents, treatment, veins Comments OffQuebec Justice Upholds U.S. Court Decision Ordering Spammer To Pay Facebook $873 Million
October 6th, 2010 admin AHN News Staff
Montreal, Quebec, Canada (AHN) – A Canadian court upheld a 2008 U.S. Court ruling ordering a Canadian spammer to pay Facebook $873 million in damages.
Adam Guerbuez of Montreal was ordered to pay the record-high damage to the popular social networking site where he posted over 4 million ads for penis-enlargement and erectile dysfunction drugs.
A California court found Guerbuez had violated U.S. anti-spam laws and was ordered to pay Facebook at the rate of C$100 for damages and C$100 for penalties for each of the more than 4 million spams he sent, which appeared in inboxes and walls of Facebook members.
Guerbuez denied sending the spam. His lawyer, Eric Potvin, said the U.S. decision was by default because Guerbuez did not provide a defense. Guerbuez appealed the California court ruling at the Quebec Superior Court.
Fournier also banned Guerbuez – who claims to be an internet marketing professional – from maintaining a Facebook account or being involved in any manner with the site.
However, Guerbuez had declared bankruptcy for his company Atlantis Blue Capital, so he could not pay the $873 million damage, Potvin said. The case, though, led to a possible book deal for Guerbuez.
Facebook last year won a similar case against another spammer who was fined $711 million by a U.S. court.
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Posted in Uncategorized Tags: $873, Adam Guerbuez, AHN, California, california court, Canada, Court, damage, decision, Eric Potvin, Facebook, Justice, Million, Montreal, montreal quebec canada, Ordering, potvin, Quebec, quebec superior court, ruling, site, social networking site, spam laws, Spammer, U.S., Upholds Comments Off
