Globalive says business at risk after regulator ruling
TORONTO, Nov 4 (Reuters) - Startup wireless carrier Globalive Communications says talks with new financial backers have stalled and its entire business is in danger following a ruling by Canadian regulators that found the company was controlled by foreigners.
"The whole business has been put at risk by this decision," Globalive chairman and founder Anthony Lacavera said in an interview. "We're not near resolving the financing issue and I don't see how we resolve it with this kind of pressure." (Reporting by Wojtek Dabrowski; editing by Rob Wilson)
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GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
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