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Prison term, $7-billion bill for French trader

Prison term, $7-billion bill for French trader

The Paris appeals court on Wednesday ordered former Societe Generale trader Jerome Kerviel to spend three years in prison and pay back a staggering $7 billion in damages for one of the biggest trading frauds in history.

Orr Butchers closes three stores

After 34 years, Ronald Orr and Son Family Butcher has closed its doors for good. Hand-written signs thanking customers for their patronage over the years appeared on the doors of the family-owned stores in Brentwood Bay, Sidney and Saanich.

Canfor reports loss of $4.6M

Canfor Pulp Products Inc. reported a net third-quarter loss of $4.6 million, or $0.06 per share. Lower shipments, restructuring costs and one-time costs associated with new five-year collective labour agreements were contributing factors.

Pine beetles hit Prairie province

Saskatchewan is trying to stop the spread of the mountain pine beetle by hiring a B.C. company to help cut, pile and burn infested trees in the province's southwest.

Emaar profits dip

The Dubai-based developer of the world's tallest building reported a drop in net profit, citing a seasonal slowdown, but said the balance sheet for the year remained strong. Emaar Properties reported a 4.
Apple won't start price war with debut of iPad Mini

Apple won't start price war with debut of iPad Mini

Bigger screen and higher price tag than rival tablets on the market

Cruise ship season ends

Holland America's Zaandam pulls into Ogden Point this morning, marking the end of Victoria's cruise ship season. The 777-footlong Zaandam is expected to be docked from 8 a.m. to 2 p.m. and then leave for San Diego.

Whirlpool hit hard

Whirlpool's net income dropped 58 per cent in the third quarter from results a year ago. But its adjusted results beat Wall Street's expectations and the world's largest appliance maker lifted its forecast for full-year adjusted earnings.

Mom guilty of oilfield threats

An Alberta woman who admitted to uttering threats against an oilfield company has been sentenced to a year of probation. Kimberly Mildenstein pleaded guilty to the charge when she made a court appearance in Dids-bury, Alta.
After 16 years, new owners for Chinatown restaurant

After 16 years, new owners for Chinatown restaurant

Customers are stopping in at the Forum Chinese Seafood Restaurant to say goodbye to Marie and Charles Yang, who have sold their popular Chinatown eatery. "It's time for us," Marie said Tuesday.