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WASHINGTON/NEW YORK – A U.S. congressional committee has demanded that former drug executive Martin Shkreli appear in a hearing on drug prices to testify about his former company’s decision to boost the cost of a lifesaving medicine by a lot more than 5,000 percent, congressional aides said on Wednesday. Shkreli, who is separately facing federal criminal charges that he defrauded ...

Americans are buying more pizza than ever before, but Pizza Hut – which has been feeding that appetite for over a half-century – is getting a shrinking slice from the pie. The leader in the industry, of Yum! Brands Inc., has a intend to reverse that decline, one that borrows in the upstarts nibbling at its market share. Texas may be ...

Brookfield Property Partners LP is looking for buildings in United states cities hardest hit through the oil slump, as pressure on the local economies creates discounts. Alberta is a place where Brookfield can find affordable prices on properties and energy-related businesses, chairman Ric Clark said in an interview in Dubai now, where the company announced intends to build a $1 billion ...

MONTREAL – Mayors from the greater Montreal area came out against TransCanada’s proposed Energy East pipeline. The Montreal Metropolitan Community (MMC), which represents 82 jurisdictions, says it is opposed to the project. Montreal Mayor Denis Coderre, the present president, told a news conference today the organization has determined the environmental risks far outweigh any economic benefits for that region. Related ...

Canadian Pacific Railway Ltd. is asking the U.S. Justice Department to research whether its competitors are conspiring to bar its proposed acquisition of Norfolk Southern Corp., accusing them of “unprecedented” and “likely illegal” actions. But two prominent U.S. rail lawyers say it is a difficult case to make, and CP’s rivals are most likely protected from any antitrust charges. In ...

Put it down as another example of a little Canadian technology company dealing with the big boys and the big boys doing their best to stretch the procedure out. A couple of years back it was i4i Inc. versus Microsoft once the Toronto-based content development firm brought a patent infringement action against Microsoft.  Microsoft lost and was ordered with a ...

Stephen Poloz is within a no-win situation. Bank of Canada warned rate cut will fan flames of loonie’s ‘unprecedented’ free fall The Canadian dollar is falling too much and too fast, damaging public and business confidence in Canada, say economists. Read on As the financial institution of Canada governor prepares to produce his rate of interest decision, forecasters are about ...

The first mantra from the oil crisis was “lower for longer.” Then “lower for even longer.” Now in Davos, oil executives are beginning to speak – in other words, whisper – in regards to a new nightmare scenario: “A great deal lower for a lot longer.” Oil executives, policy makers and banks said within the first times of the World ...