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Afternoon meeting: Barclay’s pays record fine in interest rate manipulation case

Joanna Wnuk/Getty Images/Hemera

In the first settlement of a widespread investigation involving many of the world's biggest banks, Barclays has agreed to pay more than $450-million to resolve accusations that it attempted to manipulate key interest rates.

Also, Zero Hedge has details from a series of embarrassing emails.

'Pugnacious' hedge fund manager faces SEC lawsuit
As if Harbinger Capital Partners' Philip A. Falcone didn't have enough to worry about, the SEC looks set to sue him for taking a personal loan from his hedge fund and giving preferential treatment to Goldman Sachs.

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Almost half of Canadian stock trades may be high frequency
High frequency traders using computers to flip stock in a fraction of a second may be generating as much as 42 per cent of all trades in Canadian stocks.

Glencore considers changes to Xstrata deal
Commodities trader Glencore International said Wednesday that it is considering changes in incentives for senior employees of Xstrata as a shareholder revolt over its proposed takeover of the mining company gathered steam.

MacDonald Dettwiler to buy Loral unit for $875-million
Loral Space & Communications Inc. has agreed to sell its satellite manufacturing subsidiary, Space Systems/Loral (SS/L) to Canadian communications rival MacDonald, Dettwiler and Associates Ltd. for about $875-million.

Rick George quits Canadian Pacific Railway board
The former chief executive officer at Suncor Energy Inc. has resigned from Canadian Pacific Railway Ltd.'s board of directors. Mr. George's departure comes on the heels of the exit of another CP director, David Raisbeck.

Court rules Goldcorp acquisition of Chilean copper, gold deposit 'proper'
Goldcorp Inc. has won a court battle against larger rival Barrick Gold Corp. over ownership of the potentially massive El Morro copper-and-gold deposit in Chile, a potentially massive deposit that could become a mine as early as 2017 and keep running for nearly 20 years.

Heat wave hammers U.S. corn supplies
U.S. corn supplies are declining at the fastest pace since 1996 just as a Midwest heat wave damages the world's largest harvest for a third consecutive year.

Suncor seeking Chinese partnerships for oil sands projects
Suncor Energy is looking to China for help as Canada's top oil producer and refiner struggles with ballooning cost inflation.

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