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Telluride and Toronto standout and Indie Spirit nomination leader “The Last Station” is coming to the US this weekend in limited release...

SAN FRANCISCO — Nortel Networks Corp. said Monday it agreed to sell some of its next-generation packet core network components to Hitachi Ltd. for $10 million.

Under the deal's terms, Hitachi will get assets including software that can be used to transfer data over existing wireless networks and the next generation of wireless communications technology, Nortel said. This includes related non-patent intellectual property, equipment and other assets, and a non-exclusive license for the use of some related patents and intellectual property.

The deal still must be approved by a Delaware bankruptcy court, along with the Ontario Superior Court of Justice. It is expected to be completed this year.

Nortel, formerly a telecommunications equipment giant, filed for bankruptcy protection in Canada and the U.S. in January. The Toronto-based company has since been selling its operations piece by piece.

The deal was made by Nortel's main operating subsidiary, Nortel Networks Ltd., and its Nortel Networks Inc. subsidiary.

TORONTO — The head of Canada's central bank said Monday the global financial industry is in danger of becoming arrogant by resisting regulatory change and handing out bonuses that wouldn't be there if governments hadn't intervened during the financial crisis.

Bank of Canada Governor Mark Carney warned bankers not to underestimate the determination of G20 countries to enforce new rules on executive pay and bank capitalization.

Carney said large financial institutions benefited disproportionately from government intervention. He said the response has profoundly shifted risk from the private to the public sector.

Carney, a former Goldman Sachs executive, said all G-20 countries agree that bonuses should be tied to long-term performance. He said banks would be well advised to make sure they have the sufficient capital rather than pay themselves handsome bonuses.

"Relief is in danger of giving way to hubris," Carney said in a speech hosted by Quebec's securities regulator in Montreal.

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The gang goes traveling to Chicago and Toronto. ...

TORONTO — Mona Lisa has something new to smile about.

A portrait of a young woman thought to be created by a 19th century German artist and sold two years ago for about $19,000 is now being attributed by art experts to Leonardo da Vinci and valued at more than $150 million.

The unsigned chalk, ink and pencil drawing, known as "La Bella Principessa," was matched to Leonardo via a technique more suited to a crime lab than an art studio – a fingerprint and palm print found on the 13 1/2-inch-by-10-inch work.

Peter Paul Biro, a Montreal-based forensic art expert, said the print of an index or middle finger matched a fingerprint found on Leonardo's "St. Jerome" in the Vatican.

Technical, stylistic and material composition evidence – including carbon dating – had art experts believing as early as last year that they had found another work by the creator of the "Mona Lisa."

I'm working on my Happiness Project, and you could have one, too! Everyone's project will look different, but it's the rare person who can't benefit...

Some rival banks in southern New Jersey are using computer problems at TD Bank as a marketing tool to seek more customers, according to a report i...

SAN FRANCISCO — Some TD Bank customers cannot see up-to-date account information due to a glitch related to its combination with New Jersey-based Commerce Bank.

TD Bank spokeswoman Rebecca Acevedo said Wednesday that the bank is experiencing an overnight transaction posting delay. The delay occurred after the banks converted their two systems to one over the weekend, she said.

She said overnight transactions, which usually post by 4 a.m., were slow to post on Monday. The issue was resolved Tuesday, then resurfaced Tuesday night.

Affected customers' accounts currently just show their balances as of 6 p.m. Tuesday. The bank hopes to have it fixed by Wednesday evening.

Toronto-based TD Bank Financial Group, TD Bank's parent company, bought Commerce Bancorp for $8.5 billion last year.

TORONTO — Authorities say a Roman Catholic Bishop who oversaw his diocese's settlement with victims of sex abuse is facing child pornography charges.

Royal Canadian Mounted Police Sgt. Brigdit Leger confimer the charges against Bishop Raymond Lahey on Wednesday.

The accusations stem from the bishop's arrest following a random search of his laptop computer at Ottawa's airport earlier this month.

Lahey didn't mention the arrest when he resigned as bishop of the diocese of Antigonish in Canada's province of Nova Scotia this past weekend. Lahey said he was leaving for personal reasons.

Lahey recently oversaw a $15-million Canadian (US$14 million) settlement with people who said they had been sexually abused by priests dating back to 1950.

Travis Snider homered and had two RBIs, Scott Richmond won for the first time since June 24 and the Toronto Blue Jays completed a three-game sweep, beating the Baltimore Orioles 7-3 on Wednesday night.

Baltimore lost its season-high seventh straight and lost for the eighth time in nine games in Toronto this season. The Orioles have been outscored 48-19 over their losing streak.

Richmond (7-10) allowed three runs and five hits in five innings to win for the first time in 10 starts. The rookie, 0-6 since beating Cincinnati on June 24, walked four and struck out two.

Jeremy Guthrie (10-16), who has lost four of five, allowed seven runs, five earned, and eight hits in seven-plus innings.

Ryan Miller made 23 saves to help the Buffalo Sabres beat the Toronto Maple Leafs 3-2 in exhibition play Wednesday night.

Jason Pominville, Jochen Hecht and Cody McCormick scored for Buffalo (3-0-1), which played its second and final home game of the preseason.

Jiri Tlusty scored on a penalty shot and John Mitchell added a goal for Toronto (4-2-0). Joey MacDonald made 28 saves.

The Holocaust survivor was 6 on that spring day in 1945 when he last saw the U.S. Army soldiers outside Magdeburg, Germany.

Paul Arato was among 2,500 starving and sickly Jewish prisoners from the Bergen-Belsen concentration camp, their train abandoned by its crew and Nazi guards as Allied forces advanced. Two U.S. Army tanks on a scouting patrol – one of them commanded by Carrol Walsh, then 24 – came upon the stopped boxcars.

Arato, now 71, and Walsh, 88, met again this week.

"Please give me a hug. You saved my life," Arato told Walsh in an emotional reunion of concentration camp survivors and some of the veterans of the 30th Infantry Division who liberated them.

Arato, an industrial designer from Toronto, and Walsh, a retired state Supreme Court judge from Hudson Falls, came together for a Hudson Falls High School history symposium inspired by history teacher Matthew Rozell's original World War II project in 2007.

Aaron Schneider’s highly buzzed Toronto title “Get Low” has been acquired for North American release by Sony Pictures Classics.&am...

Jane Fonda, Danny Glover and Eve Ensler have joined the growing list of artists who are boycotting the Toronto Film Festival over a program honoring T...

The Toronto International Film Festival (TIFF) unveiled eleven new films in the Contemporary World Cinema category and seven films in the Visions ca...

Our Lady Peace, "Burn Burn" (Warner Independent).

Our Lady Peace maintains their status as one of Canada's strongest bands with the release of their seventh studio disc, "Burn, Burn."

The Toronto four-piece made a splash south of the border in the 1990s with their first two efforts – '94's "Naveed" and '97's "Clumsy" – but have since fallen into relative obscurity in the States.

That may not change too much with "Burn Burn," but the band's first disc since 2005's "Healthy in Paranoid Times" is a nice return to the soaring rock they made their name on.

Lead singer Raine Maida sounds more mature than ever – mostly forsaking his once eye-popping falsetto – and brings a poetic touch to his tales of everyday struggle and hope, and guitarist Steve Mazur offers plenty of fine lead work throughout.

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