P riszm Income Fund QSR.UN-T , the fund behind most of Canada’s KFC chicken restaurants and Pizza Hut and Taco Bell fast-food outlets, says it has obtained a waiver on some of its financial covenants and an amendment to its long-term debt and operating loans for the fourth quarter. The Toronto-based company said late Wednesday it expects to complete further financing talks with its lenders in the first quarter of 2010. The talks will reflect Priszm’s capital commitments agreed to under its franchise agreements with Yum! Restaurants International (Canada), as well as the Christmas Eve sale of its food processing plant in Toronto for $11.5-million

Users of the do-it-yourself trading site collective2.com received an “urgent” e-mail at a few minutes past noon Wednesday notifying them that the company’s computer database had been breached by a hacker and that all users should log in to change their passwords immediately. That e-mail, from Collective2 LLC founder Matthew Klein, stated that the information accessed by the hacker included names, e-mail addresses, passwords and credit card information. In addition, the e-mail went on to state: “We have contacted federal and state law enforcement authorities, who we hope will track down and prosecute the person responsible

A decades-old northern dream has taken a major step forward after the panel tasked with reviewing the Mackenzie Valley natural gas pipeline concluded that it should go forward. The joint review panel, which has spent the past half-decade assessing the pipeline, has concluded that the $16.2-billion project “would deliver valuable and lasting overall benefits, and avoid significant adverse environmental impacts.” While the 679-page report from the panel, released Wednesday afternoon, does not give formal approval to the project to go ahead – that power lies with the National Energy Board – its positive findings mark a big advance. “It would appear that the JRP has recommended that the project should be allowed to proceed subject to certain conditions

T he U.S. government is imposing new duties on imports of steel pipes from China, the latest sign of trade tensions between the two countries. The case is the largest steel trade dispute in U.S

S audi Arabia has quit a long-held lease for five million barrels of Caribbean oil storage near the key U.S. market and state giant PetroChina Co. Ltd.

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A rep formerly affiliated with First Allied Securities Inc. says he will fight SEC charges that he churned client accounts and made unauthorized and unsuitable trades for two institutional clients, resulting in commissions of $14.2 million.