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Found 19 results

  1. MONTREAL, July 6, 2016 /CNW Telbec/ - Technoparc Montreal is pleased to present its activity report of 2015 via its annual report. The annual report describes the activities of 2015, a definite year of building! During the year, three major industrial projects (amongst the largest in Greater Montreal) were launched. These projects are the installation of the North American headquarters of Green Cross Biotherapeutics, the installation of ABB's Canadian headquarters and the construction of Vidéotron's 4Degrés data centre. These three major projects can be added to the list of companies that have chosen to locate their activities at the Technoparc. According to an analysis conducted by E&B DATA in 2015, the future construction of the new buildings at the Technoparc will generate $580 million to Quebec's GDP, $109 million to Quebec's public administration revenues and $37 million to federal public administration revenues. According to Carl Baillargeon, Technoparc Montreal's Director – Communications & Marketing "These projects represent the creation of more than 1,000 new jobs at the Technoparc, an investment of $400 million and the addition of 600 000 square feet to the real estate inventory. These are indeed excellent news for the economy of Montreal and the province of Quebec. This also confirms Technoparc's role as an important component of the economical development. In addition, the recent announcement of the proposed Réseau Électrique Métropolitain (electric train) by the CDPQ Infra, in which a station is planned at the Technoparc, reinforces the strategic location of the site and will thereby facilitate the access to the site via transportation means other than the car. " Technoparc Montréal is a non-profit organization that provides high-tech companies and entrepreneurs with environments and real-estate solutions conducive to innovation, cooperation and success. For more information, please see the website at http://www.technoparc.com. The 2015 annual report can be consulted online at: http://www.technoparc.com/static/uploaded/Files/brochures-en/Rapport-2015-EN_WEB.pdf SOURCE Technoparc Montréal
  2. So way back on June 9th 1980 HQ was planning a new headquarters.....I wonder if it's still in the works????? http://news.google.com/newspapers?nid=1946&dat=19800609&id=IokxAAAAIBAJ&sjid=caQFAAAAIBAJ&pg=1200,3642003
  3. Statoil Fuel & Retail sells its Schweigaardsgate 16 property in Oslo 13 February 2013 – Statoil Fuel & Retail, a wholly-owned subsidiary of Alimentation Couche-Tard Inc. (Couche-Tard), sells its property at Schweigaardsgate 16, Oslo, Norway, together with the company’s planned European headquarters, to Entra Eiendom AS. Responsibility for building the headquarters is transferred to Entra Eiendom as part of the agreement. Statoil Fuel & Retail signs a long-term lease of the premises. “We are pleased with the agreement,” says Sonja Horn, project owner, Statoil Fuel & Retail. “Entra Eiendom is a solid, professional real estate developer who will add value both to the project and the local community. We look forward to moving into a modern, environmentally-friendly and flexible building, tailored to our needs.” Statoil Fuel & Retail’s strategy is to create value through real estate asset management. It is not strategically important for the company to own its planned European headquarters and the sale releases capital to be reinvested in the company’s core business. Statoil Fuel & Retail was acquired by Canadian company Couche-Tard before the summer of 2012. The company’s European headquarters will continue to be in Oslo and the new office building at Schweigaardsgate 16 will be shared with the company’s Norwegian business unit. The project to build the planned eight-storey building has the ambition to achieve “excellent” status according to the BREEAM classification system. To maintain the best possible sunlight conditions for Teaterplassen, the neighbouring square, some of the originally-designed volume has been redistributed, making the building appear to step down towards the square. The quality of the square will be improved when the building is finished. It will become about 25 percent larger than it is today and a new passage through the building will connect Teaterplassen with the adjacent Stasjonsalmenningen. Statoil Fuel & Retail has received the required building and demolition permits from the Norwegian Planning and Building Services (Plan- og bygningsetaten). Demolition of the existing building on the property begins this week. The company plans to move into its new headquarters in the first half of 2015. Statoil Fuel & Retail sells its Schweigaardsgate 16 property in Oslo
  4. monctezuma

    Apple new HQ

    Foster’s Apple Headquarters Exceeds Budget by $2 Billion © Foster + Partners, ARUP, Kier + Wright, Apple The estimated cost of Apple’s Cupertino City headquarters has escalated from an already hefty price of $3 billion to $5 billion (more than $1,500 per square foot), reportedly pushing back the original completion date to 2016. According to Bloomberg, Apple is working with lead architect Foster & Partners to shave $1 billion from the “ballooning budget”. Most of the cost is seemly due to Steve Job’s “sky-high requirements for fit and finish”, as the tech legend called for the 2.8 million square foot, circular monolith to be clad 40-foot panes of German concave glass, along with its four-story office spaces be lined with museum-quality terrazzo floors and capped with polished concrete ceilings. Although lambasted for his ambitious plans and “doughnut-shaped” design, Steve Jobs wanted to create a masterpiece that looked as good as it functioned, just like his products. During a 2011 presentation to the Cupertino City Council, Jobs stated, “This is not the cheapest way to build something… there is not a straight piece of glass in this building.” He continued, “We have a shot… at building the best office building in the world. I really do think that architecture students will come here to see it.” © Foster + Partners, ARUP, Kier + Wright, Apple The spaceship-like headquarters, as Jobs would describe, is intended to accommodate more than 12,000 employees. It will be one of six visible structures planned for the 176 acre parcel - including the headquarters, a lobby to a 1000-seat underground auditorium, a four-story parking garage near Interstate 280, a corporate fitness center, a research facility and central plant - all of which will be accessed by a network of underground roads and parking lots, hidden by 6,000 trees. In addition, Jobs envisioned the campus to achieve “net-zero energy” by offsetting energy use with 700,000 square feet of rooftop solar panels (enough to generate 8 megawatts of power), along with additional contracts for solar and wind power, climate responsive window dressings, and more (additional project information, including plans and images, can be found here). © Foster + Partners, ARUP, Kier + Wright, Apple Despite the cost, Bloomberg states, “There’s no indication that Apple is getting cold feet.” Site excavation is planned to commence in June. In related news, Facebook’s quarter-mile-long West Campus by Frank Gehry was just awarded approval from city council. All the details here. Reference: Bloomberg
  5. http://business.financialpost.com/2011/10/14/rbc-trades-bay-street-for-bay-view/ They are going to have a nice new place.
  6. I compiled the list down to a few names... All Canadian companies that excel in each category over other Canadian companies. - Aerospace & Defense: Bombardier - 8th (in that sector) [416th overall] - Banking: RBC - 17th (in that sector) [53rd overall] - Capital Goods: none - Chemicals: Potash of Saskatchewan - 16th (in that sector) [622nd overall] - Conglomerates: none - Construction: SNC-Lavalin - 34th (in that sector) [1063rd overall] - Consumer Durables: Magna International - 30th (in that sector) [922nd overall] - Diversified Financials: Power Corp of Canada - 9th (in that sector) [247th overall] - Food Markets: George Weston - 7th (in that sector) [412th overall] - Food, Drink & Tobacco: Saputo - 54th (in that sector) [1236th overall] - Health Care Equipment & Services: none - Hotels, Restaurants & Leisure: Tim Hortons - 18th (in that sector) [1714th overall] - Household & Personal Products: none - Insurance: Manulife Financial - 8th (in that sector) [112th overall] - Materials: Teck Resources - 17th (in that sector) [364th overall] - Media: Thomson Reuters - 7th (in that sector) [295th overall] - Oil & Gas Operations: Suncor Energy - 21st (in that sector) [159th overall] - Retailing: Shoppers Drug Mart - 30th (in that sector) [810th overall] - Semiconductors: none - Software & Services: CGI Group - 26th (in that sector) [1661st oveall] - Technology Hardware & Equipment: Research In Motion - 11th (in that sector) [384th overall] - Telecommuncations: BCE - 16th (in that sector) [239th overall] - Trading Companies: none - Transportation: Canadian National - 8th (in that sector) [377th overall] - Utilities: TransCanada - 21st (in that sector) [312th overall] All are publicly traded companies All the bold above. Their headquarters are here in Montreal
  7. * J'en ferai la traduction bientôt! I've decided to take a lot of urban pictures this summer but instead of posting random pics, I thought it would be more interesting to present these pictures through an historical and architectural perspective. To be more coherent (and since it's a lot of work!!), I've decided to do it one street at a time. I thought it would be a great way to learn more about Canadian cities... I hope those interested in history as well as architecture will find this thread interesting!!! So, here is a great example: the St-Pierre street in Quebec City. As you can see on the following map, the surface area of the Old Port was very small in 1650 and the North part of St-Pierre Street was under water whereas the south part of the street was accessible. This situation has had a very interesting impact on the aspect of the street from South to North. http://www.mcq.org/place-royale/lieux.php?id=41#2 This is the beginning of the northern, more recent part of the street. The wave pattern on the ground symbolizes the fact that the St-Lawrence river used to reach this part of town. Place de la FAO par davidivivid, sur Flickr The street isn't very long, about 600 meters, yet it's influence on the City and the Province was very important. http://www.mcq.org/place-royale/en/lieux.php?id=38 Rue St-Pierre par davidivivid, sur Flickr Canadian Bank of Commerce, built in 1900. Also housed the American consulate in 1927. The fountain-sculpture in the form of the bow of a ship commemorates the 50th anniversary of the Food and Agriculture Organization of the United Nations (FAO), founded in Québec City in 1945. Bank of Commerce par davidivivid, sur Flickr Headquarters of the Dominion Fish & Fruit company built in 1912. It was the first real highrise in Quebec City. Dominion Building par davidivivid, sur Flickr This building, built in 1902, first housed the Quebec Stock Exchange. It later became a branch of the Hochelaga Bank (which later fusionned with the National Bank). Hochelaga Bank par davidivivid, sur Flickr The last two buildings have now merged to become the hotel Le Germain-Dominion. This is the flagship boutique hotel of the Germain hotel chain, which is becoming an household name in Canada. This particular hotel is often named "Best Hotel in Canada". Hôtel Le Germain-Dominion par davidivivid, sur Flickr Bank of British North America, now the office of a cruise ship company. Bank of British North America par davidivivid, sur Flickr Imperial Bank of Canada - opened in 1875. Imperial Bank of Canada par davidivivid, sur Flickr Imperial Bank of Canada par davidivivid, sur Flickr First branch of the Bank of Montreal besides its headquarters in Montreal - 1818 Bank of Montreal par davidivivid, sur Flickr This branch of the Bank of Montreal soon proved to be too small so a bigger building was built on the other side of the road. Bank of Montreal par davidivivid, sur Flickr Bank of Montreal par davidivivid, sur Flickr Headquarters of the Quebec Bank, founded in 1818 - second oldest chartered bank in Canada after the bank of Montreal. Moved to this location in 1862 and fusionned with the Royal Bank of Canada in 1917. Quebec Bank par davidivivid, sur Flickr The building is now a part of the Quebec Civilization Museum. I love how some of the stones of the first floor were carved. It gives great texture to the facade. Quebec Bank par davidivivid, sur Flickr Maison Estèbe http://www.mcq.org/place-royale/en/lieux.php?id=38#39 Maison Estèbe par davidivivid, sur Flickr The Estèbe House is now a part of Quebec's Civilization Museum (with its signature glass tower), designed by Moshe Safdie. Maison Estèbe - Musée de la Civilisation par davidivivid, sur Flickr Molson's Bank - now a cooking school! IMG_0679 par davidivivid, sur Flickr Telegraph Building built in 1856 by architects Staveley & Dunlevie. Quebec had been linked to Montreal by telegraph since 1847. The coat of arms above the entrance is that of the Great North Western Telegraph Company, which had its headquarters here for some time. Telegraph Building par davidivivid, sur Flickr Headquarters of the Quebec Assurance Company, the first insurance company in Canada. Building built in 1821 and now the Auberge St-Pierre, an hotel. http://memoireduquebec.com/wiki/index.php?title=Qu%C3%A9bec_(municipalit%C3%A9_de_ville)._%C3%89difices_publics Quebec Insurance Building par davidivivid, sur Flickr Compagnie d'Assurances de Québec par davidivivid, sur Flickr Ancient headquarters of the National Bank of Canada, founded in Quebec City in 1859. The bank moved to this building in 1862. The National Bank fusionned with the Hochelaga Bank in 1924 and its headquarter was moved to Montreal. It is now a popular 4 stars boutique hotel: Le 71. Hôtel Le 71 par davidivivid, sur Flickr It is one of my favourite building in Quebec City. I love how sleek it is, especially considering it was built 150 years ago. Hôtel Le 71 par davidivivid, sur Flickr Ancient headquarters of the Union Bank of Canada (founded in Quebec City), built in 1865. Merged with the Royal Bank of Canada in 1925. It is now the Institut de l'Energie et de l'Environnement de la Francophonie. Institut de l'Energie et de l'Environnement de la Francophonie par davidivivid, sur Flickr Merchants Bank of Canada - 1868. Fusionned with the Bank of Montreal in 1922. IMG_0707 par davidivivid, sur Flickr Banque du Peuple - 1880. Went bankrupt in 1895. Rue St-Pierre par davidivivid, sur Flickr South side of St-Pierre street. Buildings in this area are on average 100 years older than on the North side of the street. http://www.mcq.org/place-royale/lieux.php?id=38#3 General store of Joseph Drapeau, built in 1782. On this site used to stand the first general store in North America (built in 1659 by the Gagnon brothers). Magasin Général Joseph Drapeau - 1782 par davidivivid, sur Flickr Park of the UNESCO, commemorating Quebec City's status as a World Heritage site. Parc de l'UNESCO par davidivivid, sur Flickr Parc de l'UNESCO par davidivivid, sur Flickr IMG_0726 par davidivivid, sur Flickr Rue St-Pierre Sud par davidivivid, sur Flickr Finally, the end of the South side of the St-Pierre street. You can see the name of the street on the bottom right of the picture. Rue St-Pierre par davidivivid, sur Flickr Here is part of the street around 1899, just a few years after the electric tramways were installed. However, because of its importance, public transport was accessible through this street as soon as 1865. http://tolkien2008.wordpress.com/2010/04/17/photographies-de-quebec-1886-1910-par-frederick-c-wurtele/ Allright, that's it. Hope you liked the ride! Santé
  8. (Courtesy of The Globe and Mail) I have a feeling many women will be happy with this news.
  9. Cliquez ici pour voir la carte http://money.cnn.com/magazines/fortune/global500/2010/maps/top50.html
  10. CN sells Montreal station for $355-million Reuters September 19, 2007 at 5:26 PM EDT VANCOUVER — — Canadian National Railway Co. [CNR-T]agreed Wednesday to sell its Central Station complex in Montreal to Homburg Invest Inc., [HII.A-T]but will keep its headquarters in the facility. CN Rail said it expects to get $355-million for the downtown Montreal property, and will lease back the 17-storey office building that houses its headquarters. The sale and long-term lease deal will also allow the station's passenger facility to continue being used by commuter trains, Via Rail Canada and Amtrak, Canadian National said. Canadian Pacific Railway Ltd. announced last month that it also wants to sell its Windsor Station in Montreal as part of a plan to monetize the value of its real estate assets.
  11. http://www.newswire.ca/news-releases/keywords-to-expand-its-montreal-studio-creating-100-jobs-577614131.html MONTRÉAL, Canada and DUBLIN, Ireland, April 29, 2016 /CNW Telbec/ - Keywords Studios, an international technical service provider to the global video game industry, announced today that it intends to expand further in Montréal, creating 100 new jobs within the next three years. This announcement was made during a visit of The Honourable Denis Coderre, Mayor of Montréal and President of the Montréal Metropolitan Community, at Keywords headquarters in Dublin, Ireland, and after his discussions with Andrew Day, Chief Executive Officer of Keywords Studios. We love the city and we love the quality of the talent we can find in Montréal", commented Mr Day. "Since coming to Montréal in 2010, we've had great results there and we want to continue this success." Keywords offers technical services to the gaming industry. Functional testing and localization testing are the main tasks accomplished in Montréal. Keywords' clients includes the world's best-known developers, among which, to name a few, Ubisoft, WB Games, Zynga, King and Sony. They have worked on thousands of different titles such as Rise of the Tomb Raider, Halo 5: Guardians, Assassin's Creed Syndicate, Candy Crush, Clash Royale and Mobile Strike. "Keywords' decision to continue to invest in our metropolis illustrates once again Montréal's strength in the video game industry", said The Honourable Denis Coderre, Mayor of Montréal and President of the Montréal Metropolitan Community, during his visit of Keywords' headquarters, part of his European trip. "What's more, it does highlight the fact that the whole gaming cluster plays a vital role in our economy and that Montréal is the place to be." Montréal International, Greater Montréal's investment promotion agency, has provided support to Keywords Studios over the years. "Along with our government partners, we've been working with Keywords since their arrival in Montréal, stated Stéphane Paquet, Vice President - Investment Greater Montréal at Montréal International. Their reinvestment is most welcome and the whole team at MI look forward to continuing working with Keywords on other projects." "I hope that this most recent announcement is only a first step, added Mr Day, since we are currently studying further more ambitious possibilities for our Montréal studio." Keywords' Montréal studio currently employs around 350 employees.
  12. A new headquarters facility for the Los Angeles Police Department is set to open this summer. Designed by AECOM (formerly DMJM) in joint venture with Roth + Sheppard Architects, the new 11-storey, 500,000 square foot building occupies an important civic block in downtown LA across the street from City Hall and near the Los Angeles Times and new Caltrans buildings. The project provides for a main police administration building and public plaza with below grade parking for 300 cars and an off-site vehicle maintenance garage and fueling station with parking for 800 vehicles. The design challenge was to meet the functional needs and rigorous security requirements of one of the busiest police stations in the nation while also providing greater transparency and openness to the community. In a nod to the civic nature of the site, AECOM pulled the public functions out of the building, as, for example, a 200–seat café and 450-seat auditorium, and located them in the plaza for greater public access. The park and low-rise auditorium to the North (facing City Hall) offer a street scaled entry to the building and green space for passersby, visitors and building occupants. Built of precast, glass and stone, the building is linked to the existing civic center buildings with its vertical grain, massing and lightness of color. The new headquarters is designed to achieve LEED Silver certification and utilizes energy efficient mechanical systems, day-lighting, drought-tolerant planting, a “cool roof” system, high-performance glass, water clarifiers and recycled or renewable building materials. http://www.worldarchitecturenews.com/index.php?fuseaction=wanappln.projectview&upload_id=11267
  13. Diagrid design completed for Ernst & Young headquarters Foster + Partners has completed a headquarters building for Ernst & Young at the gateway to the Vivaldi-park area of the new Zuidas district, south of Amsterdam. Commissioned by ING, the tower establishes a landmark on the route into the city with its diagrid façade. Ten per cent more efficient than the target Dutch environmental standards, the building also extends the public realm with a water court at its base. The 24-storey building is divided into two twelve metre-wide column free towers with open, flexible floor plates. The blocks are staggered in plan to admit as much natural light as possible and to make the most of the northerly city views. The northern façade is fully glazed, while partial thirty per cent glazing to the east, west and south limits solar gain. Combined with ground water storage to further save on energy for cooling, the overall environmental strategy is highly efficient. Linked by a shared transparent core, the offices are serviced by double-height meeting spaces and light-filled social spaces allowing communication between different floors. The structural steel diagrid is clad in silver aluminium and is offset by opaque black panels, which reduce the definition of the individual floor levels. This lattice scales the entire 87-metre high facade and gives the building its identity. At the base of the building the height of the diagrid creates a triple-storey lobby space, while at the top of each tower north and south-facing terraces are set into the structure. The towers are approached via a water-court with an ecological pond beneath an overhanging canopy. Defining the relationship between public and private, this space houses the social functions, such as staff restaurant, terrace, auditorium and bar, clustered around the water-court. Coupled with a green roof on the restaurant building, the pond has an important environmental contribution. 65 per cent of rainwater is retained on site while the run-off feeds into the Amsterdam canal system to control water levels following peak rainfall. The pond is naturally cleansed by a planted biotope of reeds, water lilies and grasses. David Nelson, Senior Executive and joint Head of Design at Foster + Partners said: “Our first building in Amsterdam not only exceeds Dutch environmental regulations by ten per cent, but provides a striking marker for the Vivaldi park area, a high quality, flexible working environment for tenants Ernst & Young and a lively public water-court with a working ecological pond at its base.” http://www.worldarchitecturenews.com/index.php?fuseaction=wanappln.projectview&upload_id=2434
  14. j'etais sur le site linkedin, and je regardai la liste des VP, Directeur et Cadres de la societe. Je dirais a peut pres 80-90% des cadres sont baser a Toronto. https://ca.linkedin.com/job/molson-coors-canada/jobs/?sort=relevance&page_num=2&trk=jserp_pagination_2 Un autre "faux" siege sociale a Montreal et au Quebec. Et surtout que cette societe etait creer pour la famille Montrealaise Molson - avec une tradition tres "Montreal". Sad state of affairs. Bell, Molson Coors - fake headquarters in Montreal
  15. Made you click Molson Coors relocating headquarters to 1801 California in downtown Denver Molly Armbrister Reporter- Denver Business Journal Molson Coors Brewing Co. will relocate its U.S. headquarters next year to Denver's second-tallest building: 1801 California. The company (NYSE: TAP) has leased 53,872 square feet in the 54-story tower at 1801 California St., which was purchased and upgraded by Brookfield Office Properties Inc. last year. Molson Coors will renovate the office areas, located on the 45th, 46th and part of the 47th floors, beginning in the spring. The company expects to inhabit the new space in fall 2015. Molson Coors' HQ is currently located at 1225 17th St. in Denver. It also has headquarters space in Montreal. "We are pleased to be moving to 1801 California, which will allow us to maintain our headquarters presence in vibrant downtown Denver," said Sam Walker, Molson Coors global chief people and legal officer. "This new location enables us to bring together our offices and employees under one roof and remain in the heart of Denver's thriving business community." 1801 California was formerly occupied entirely by Qwest Communications, but now CenturyLink Inc., which bought out Qwest, occupies about 30 percent of the building's 1.3 million square feet. Brookfield has been working to fill the building since completing its renovations on the property in February. "We're thrilled to have Molson Coors' U.S. headquarters making its home at 1801 California, said David Sternberg, executive vice president for the midwest and mountain regions for Brookfield. "1801 California is an ideal setting for Molson Coors — a landmark location for one of Colorado's iconic companies and one of the world's leading brewers," said Ted Harris, senior vice president at Cassidy Turley, one of the brokers on the transaction.
  16. Toronto tops Montreal for global career? Not really KARL MOORE AND DANIEL NOVAK From Friday's Globe and Mail Published Friday, Aug. 13, 2010 6:00AM EDT http://www.theglobeandmail.com/report-on-business/careers/career-advice/on-the-job/article1671292.ece Many students fall in love with Montreal during their years at McGill, yet feel they must move to Toronto if they want a career with an international firm. However, our analysis of the largest companies in Canada suggests that Montreal and Toronto offer about the same level of opportunity for a global career. Toronto is home to the national headquarters of most foreign multinationals with subsidiaries in Canada. However, it is important to note that these Canadian headquarters are satellites of their foreign parents and usually not engaged in international management. Worldwide headquarters, on the other hand, are centres for global strategic decision making. They not only maintain an international outlook in their day-to-day operations, but also open doors for people seeking global careers. The global head office of a firm is simply the more important node in the network of a multinational. So how do Montreal and Toronto stack up on being home to global multinational enterprises? To determine the attractiveness of each city, we first selected the top 150 companies in Canada in terms of revenues earned in 2009. We then kept only those publicly listed firms with substantial foreign revenues (at least 20 per cent) and international headquarters in either the Toronto or Montreal regions. We put to the side privately held companies because it is very difficult to find accurate data on them. We ended up with a dozen Canadian multinationals in each of the two cities. Among those firms in Toronto, three quarters are in the financial industry. They include major banks like RBC, Scotiabank and TD, and other financial services giants like Manulife, Sun Life, Brookfield Asset Management and Fairfax Financial Holdings. So it’s clear that Canada’s largest city is also its financial capital. In fact, the Greater Toronto Area’s financial and investment services sector employs more than 230,000 people, making it the third largest in North America after New York and Chicago. And you will often hear finance students in the halls of McGill refer to Toronto as “where the action is” when discussing their future careers. In the financial sector, Montreal is well positioned as a low-cost number two city with some 100,000 jobs – no slouch, but Toronto is clearly the winner here. Though Montreal’s portfolio of Canadian multinationals is slightly more modest in terms of total revenues, it is more diversified. Montreal’s major international headquarters include those of Power Corp., Bombardier, CN, SNC-Lavalin, CGI and Molson Coors (headquarters split between Montreal and Denver). Altogether these firms offer strategic access to a wide range of industries and many of them have emerged as leaders on the international stage. Bombardier has more than 70,000 employees in over 60 countries. Its aerospace division is the world’s third largest civil aircraft manufacturer and its transportation division is a major player in the thriving rail equipment manufacturing and servicing industry. SNC Lavalin also stands out from Montreal’s list as one of the world’s engineering and construction giants, with over 21,000 permanent employees running projects in over 100 countries. Half of the company’s business takes place outside North America, with projects throughout five continents. CGI group, an expert in IT services, is also worthy of mention. It has gone from being purely local two decades ago to successfully venturing into the U.S., establishing a widespread presence in Europe, and positioning itself in the booming Indian IT market. Hey, even Barack Obama praised the company during one of his campaign speeches. So Montreal offers some interesting opportunities in a number of industries, but one issue students raise is that you really should speak a reasonable amount of French to work in Montreal. It’s a fair enough point, but if you want to have a global career, doesn’t it make sense to pick up a second language? In fact, how could you have an international career with just one language? If you want to learn French it is much easier to learn in Montreal, where the two languages flow naturally. Besides, most students from across the country who come to McGill already have a steady base of French to work with, so it’s just a matter of improving it. In our experience, our French-speaking colleagues are delighted to help their peers with their French. So when you look at the stats, Toronto is the crown city of Canadian business, but when it comes to a global career Montreal is not far behind. Karl Moore is an associate professor and Daniel Novak is a BCom student, both at the Desautels Faculty of Management, McGill University.
  17. Charlotte in same predicament as Wall Street By IEVA M. AUGSTUMS, AP Business Writer Ieva M. Augstums, CHARLOTTE, N.C. – The financial collapse has hit the city known as Wall Street South. For years, Bank of America Corp. and Wachovia Corp. helped turn Charlotte into a financial powerhouse. Now, the big banks have thrust it into the same predicament as the real Wall Street — the city is losing thousands of jobs and an unquantifiable amount of prestige. Residents who invested heavily in the banks have seen their wealth dissipate and lifestyles change radically. "It's kind of sad, disheartening because the banks have been the backbone of Charlotte for so long," said Carl Clayton, a 55-year-old retired school teacher. The loss of so many bank jobs is causing upheaval in other industries. Consumers who have been laid off or fear being out of work are curtailing their spending, forcing restaurants and retailers to close — among them Morton's, a high-end steakhouse, and a 15-month-old Home Depot Design Center. Even some of the Charlotte's lively night clubs have shuttered their doors. "There's a bit of a state of disbelief," said Bob Morgan, president of the Charlotte Chamber of Commerce. "We are seeing things happen that no one else has contemplated before." Charlotte remains the nation's second-biggest bank town by assets — second to New York, and in front of San Francisco. But, Morgan said, "we don't know what the city is going to look like once we emerge." "We do know that tremendous wealth has already been lost." A big reason why is the amount of banking shares owned by people who have worked for Wachovia, now owned by Wells Fargo & Co., and Bank of America. Both have used their stock to compensate employees. Bank of America's shares have been among the hardest hit among financial companies. The company has lost more than 56 percent of its value since it closed on its acquisition of investment bank Merrill Lynch & Co. at the beginning of the year. The stock is down nearly 85 percent from a year ago. Last year, before Wachovia was acquired by Wells Fargo, its shares had slid 85 percent. Clayton estimates he has lost about $60,000 because of stock holdings in the two banks, along with other North Carolina banks, including BB&T Corp. "I had a lot of bank stock, but now it's gone," Clayton said. "What wealth I had, is gone." Residents and employees never expected such a downfall. Wachovia, once headquartered in Winston-Salem, N.C., joined the Top 5 ranks of national banks after it was acquired by Charlotte-based First Union Corp. in 2001. The combined company took Wachovia's name. Banker Hugh McColl Jr. led NationsBank Corp. through some 70 acquisitions starting in the early 1980s. His biggest coup was San Francisco-based BankAmerica Corp., a financial institution bigger than NationsBank. He adopted the name and also moved the headquarters to Charlotte. Some say Charlotte's troubles began in 2006, when Wachovia acquired mortgage lender Golden West Financial Corp. for roughly $25 billion at the height of the housing boom. With that purchase, Wachovia inherited a $122 billion portfolio of deteriorating mortgages, leaving the company with huge losses. Charlotte residents were unnerved as they watched Wachovia falter and then be taken over by Wells Fargo in what amounted to a fire sale late last year. Down the street, at Bank of America, things were looking just as bleak. A series of bad bets in the investment banking unit over the past year sank companywide profits, and as Bank of America completed its acquisition of struggling investment bank Merrill Lynch & Co., shareholders watched its stock price slide to historic lows. Both Wells Fargo and Bank of America have said they remain "committed" to Charlotte. Wells Fargo, based in San Francisco, has said Charlotte will be its eastern headquarters, though it remains unclear exactly what that means. The fear is that Wells Fargo, as it completes its integration of Wachovia, will keep shedding Charlotte positions. Wachovia has about 20,000 employees in the city. Bank of America, meanwhile, with about 15,000 employees in Charlotte, is eliminating some 35,000 jobs companywide. North Carolina already has nearly 400,000 unemployed workers. The jobless rate was 8.7 percent in December, the highest since 1983, according to the most recent available data. Charlotte, with a population of nearly 700,000, is the 20th-largest city in the country. About 45 percent of the residents of its home county, Mecklenburg, make more than $50,000 a year, according to data supplied by the Charlotte Chamber of Commerce. Outside the downtown offices buildings filled with bank employees, there's a sense of disbelief as people huddle together drinking coffee or smoking cigarettes and then shuffle off to their jobs. When a reporter approached employees for interviews, they declined to speak, or said they didn't want to give their names, worried about keeping their jobs. Charlotte relies on the banks for more than employment — its lifestyle, even its skyline has depended on Wachovia and Bank of America. Wachovia sponsors the city's annual PGA tournament, among the most popular on tour, while Bank of America's name is on the football stadium and the bank is a sponsor of one of NASCAR's top auto races. Both fill towering downtown office buildings — Wells Fargo, now by way of Wachovia, is building a 48-story headquarters and adjoining city arts campus. The bankers and traders who work for both helped create the demand — and now vacancies — for the high-rise condos near by. "I have received more calls over the past month from people wanting to list their homes, with a majority of them having financial problems," said Rich Ferretti, a broker at Jamison Reality in Matthews, a suburb of Charlotte. Stores in the city's affluent SouthPark area are less crowded on the weekends. And a recent happy hour at Capital Grille, located just across from Bank of America's headquarters, was sparsely attended. Charlotte also faces civic and philanthropic repercussions. Unlike Wachovia, Wells Fargo's executives have few North Carolina ties. Bank of America typically offers up the lead gift on projects. "We will honor our existing commitments and we are still in the process of determining any future commitments," Wells Fargo spokeswoman Mary Eshet said. Now, the city is waiting for major changes. "A lot of our friends work for the banks," said Leslie Hunter, a 38-year-old mother of two. "People are not stopping everything, but their awareness has increased." After being laid off from his bank consulting job 11 months ago, Jim Edwards' daily routine of networking, applying for jobs and going to the gym keeps his spirits up. "I've been out of work and living on my retirement income," said the 62-year-old, who added it's been a struggle finding employment because no one is hiring. While many unknowns remain, Mayor Pat McCrory is optimistic. "Charlotte does have very strong resilience and I anticipate that a lot of the talent that's moving out of the banks will stay," he said in an interview with The Associated Press. Some job relief may be moving in. GMAC Financial Services and Morgan Stanley are rumored to be looking to move at least parts of their companies to the Charlotte area. GMAC Financial Service's chief executive, Al G. de Molina, used to be Bank of America's chief financial officer. Morgan Stanley has already hired at least four former Wachovia executives to help the New York-based firm's retail banking expansion effort. McCrory wouldn't talk about the two firms, but said the large amount of talent in Charlotte will "attract others in the financial services industry to set up here." "We're going through a major adjustment, but when the economy rebounds, I think Charlotte will rebound the quickest," he said.
  18. Barack Obama faces 30 death threats a day, stretching US Secret Service US President Barack Obama is the target of more than 30 potential death threats a day and is being protected by an increasingly over-stretched and under-resourced Secret Service, according to a new book. By Toby Harnden in Washington Published: 8:34PM BST 03 Aug 2009 Since Mr Obama took office, the rate of threats against the president has increased 400 per cent from the 3,000 a year or so under President George W. Bush, according to Ronald Kessler, author of In the President's Secret Service. Some threats to Mr Obama, whose Secret Service codename is Renegade, have been publicised, including an alleged plot by white supremacists in Tennessee late last year to rob a gun store, shoot 88 black people, decapitate another 14 and then assassinate the first black president in American history. Most however, are kept under wraps because the Secret Service fears that revealing details of them would only increase the number of copycat attempts. Although most threats are not credible, each one has to be investigated meticulously. According to the book, intelligence officials received information that people associated with the Somalia-based Islamist group al-Shabaab might try to disrupt Mr Obama's inauguration in January, when the Secret Service co-ordinated at least 40,000 agents and officers from some 94 police, military and security agencies. More than a dozen counter-sniper teams were stationed along the inauguration parade route and the criminal records of employees and hotel guests in nearby buildings were scrutinised. Despite all this, there were glaring loopholes in the security. Kessler describes how more than 100 VIPs and major campaign donors were screened by metal detectors but then walked along a public pavement before boarding "secure" buses and were not checked again. It could have been relatively simple for an assassin to have mingled with them in order to get close enough to shoot the new president. After Mr Obama was elected president, his two children Malia, 11, codenamed Radiance, and Sasha, eight, codenamed Rosebud, began receiving Secret Service protection. Mr Obama's wife Michelle is codenamed Renaissance. The Secret Service also started to protect Vice-President Joe Biden's children, grandchildren, and mother. Instead of bringing in more agents - instantly identifiable because of their bulky suits, worn over bullet-proof jackets, and earpieces - the Secret Service directed agents to work longer hours to cover the extra load and to miss firearms training, physical fitness sessions and tests. "We have half the number of agents we need, but requests for more agents have fallen on deaf ears at headquarters," a Secret Service agent told Kessler. "Headquarters' mentality has always been, 'You can complete the mission with what you have. You're a U.S.S.S. agent'." Mr Biden's constant travel, including back to his home state of Delaware-the burden has meant that all agents on his team have ceased training. According to Kessler, however, they fill in forms stating they have "taken and passed all tests, when they have not, creating a dishonest culture". The Secret Service has increasingly cut corners after it was absorbed by the new Homeland Security Department under Mr Bush. Kessler said that when Mr Biden threw the first pitch at the first Baltimore Orioles game of the 2009 season, the Secret Service did not screen any of the more than 40,000 fans, stunning his agents and the local Secret Service field office.