Red Carpet Wrap: Lindsay Lohan, Jessica Biel and more

TSX stocks dragged down by falling gold stocks

The Toronto Stock Exchange closed slightly ahead Friday, pulled down by declines in most sectors, particularly gold, but boosted by a 13 per cent spike in shares of Valeant Pharmaceuticals International.

International Monetary Fund chief Christine Lagarde arrives for a second day of the court hearing at a special court house, in Paris, Friday, May 24, 2013. (AP / Thibault Camus)

IMF chief Christine Lagarde named key witness in investigation

After two days of intense questioning from French magistrates, International Monetary Fund chief Christine Lagarde said Friday a court named her as a key witness in an investigation into a controversial payoff to an outspoken businessman that was arranged while she was France's finance minister -- stopping short of charging her outright.

A Royal Bank of Canada sign is pictured in downtown Toronto on Dec. 2, 2011. (Nathan Denette / THE CANADIAN PRESS)

After backlash, RBC pledges to not send work offshore just to cut costs

The Royal Bank of Canada, which faced fierce backlash earlier this year over an outsourcing arrangement with a supplier that used temporary foreign workers, said Friday it won't send work offshore just to save on salaries. 27

Greenhouses are seen at ProSelect green house in Delta, B.C. Friday, April, 20, 2012 as a stack releases clean emissions into the air. (Jonathan Hayward / THE CANADIAN PRESS)

SaskPower set to start testing world’s first carbon-capture facility

The world’s first carbon capture and storage facility is set to start testing in Saskatchewan and it’s already creating international buzz. The facility, located near Estevan, Sask.. will take harmful smoke from SaskPower’s coal-burning Boundary Dam and transform the carbon dioxide into sulfuric acid to be stored underground. 10 1

A man walks by an electronic stock board of a securities firm in Tokyo, Friday, May 24, 2013. (AP / Itsuo Inouye)

Day after global selloff: Asia stocks erratic, Europe shares steady

Asian shares traded erratically Friday but European markets found their footing, a day after global stocks were routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. 1

The MTS building in downtown Winnipeg is seen in this 2005 file photo. (Joe Bryksa/Winnipeg Free Press)

MTS to sell its Allstream arm to Egyptian investment group

Manitoba Telecom Services Inc. has agreed to sell its Allstream business telecommunications arm to an Egyptian investment group and use about half of the $405 million in proceeds to reduce its pension obligations and debt.

A branch of the National Bank is shown in Montreal in this 2011 file photo. (Ryan Remiorz/THE CANADIAN PRESS)

National Bank hiking dividend after strong Q2 results

National Bank announced Friday it was hiking its dividend and buying back some of its shares as it reported a second-quarter profit that beat analyst estimates by a wide margin.

A hat with money belonging to a musician is seen on the ground as he plays music at the main shopping street in central capital Nicosia, Cyprus on March 30, 2013. (AP / Petros Karadjias)

Cyprus eliminates money withdrawal, transfer limits for another 2 foreign banks

Cypriot authorities have lifted restrictions on money withdrawals and transfers for international clients of another two foreign banks active in the crisis-hit country. 1

In this Wednesday, April 24, 2013, photo, workers are seen at the construction site of a new housing complex, in Trenton, N.J. The Commerce Department reports on new-home sales for April on Thursday, May 23, 2013. (AP / Mel Evans)

Median home prices in U.S. hit record high

U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening. 1

A McDonald’s restaurant is shown in this file photo. (AP / Paul Sakuma)

McDonald's can't shake criticism about nutrition at annual meeting

McDonald's once again faced criticism that it's a purveyor of junk food that markets to children at its annual shareholder meeting Thursday. The world's biggest hamburger chain has been looking to keep up with changing tastes as people increasingly opt for foods they feel are fresh or healthy. 7