Sears Canada Ceo Calvin Mcdonald Resigns

Europe (7): Spain (host country), France ( 2013 Eurobasket champion ), Lithuania, Croatia, Slovenia, Ukraine, Serbia. Oceania (2): Australia (2013 FIBA Oceania champion), New Zealand. Asia (3): Iran (2013 FIBA Asian champion), Philippines, South Korea. Africa (3): Angola (2013 FIBA Africa champion), Egypt, Senegal. The four remaining spots will be awarded at FIBA’s central board meeting Nov. 23-24 in Buenos Aires, and while there are plenty of viable candidates, the wild-card entries come with an expensive price tag: Each wild card must pay 500,000 ($674600) no small fee, especially for national teams without a huge budget. China is almost a guarantee. With nearly just as many people playing basketball in China as there are people in the USA, it makes sense for FIBA to bring China to Spain, and China is willing to pay the fee. Canada is an option, too. As the country develops its young talent (Tristan Thompson, Andrew Wiggins, Andrew Nicholson, Anthony Bennett, Kelly Olynyk among others) and becomes more competitive on the international scene, playing in the World Cup is important for Canada’s future. However, 500,000 approximately $675,000 gives Canada reason to consider the value of that investment. Brazil didn’t finish in the top four at FIBA Americas Championship and missed out on one of the automatic bids. As host of the 2016 Olympics, Brazil needs the experience if its wants to make a run at a medal on its home court in three years.

Will Canada, Russia miss out on 2014 FIBA World Cup?


Invalid entry: Please type the verification code again. September 24, 2013, 8:19 a.m. ET Sears Canada CEO Calvin McDonald Resigns Text By Judy McKinnon Sears Canada Inc. (SCC.T) said Tuesday that Calvin McDonald has resigned as president and chief executive to take a position with an unidentified “leading international company.” The big Canadian retailer said Mr. McDonald will be succeeded by Douglas C. Campbell, who joined Sears Canada in March 2011 and has been executive vice-president and chief operating officer since last November. Mr. Campbell’s appointment is effective Tuesday. The management change comes a little more than a month after the Toronto-based subsidiary of Sears Holdings Corp. (SHLD) said it would cut 245 head-office type positions. Those cuts were on top of the 700 jobs the retailer had already cut across Canada earlier this yaer. Sears Canada is in the midst of a three-year transformation plan to reposition itself in the competitive Canadian retail landscape. In the second quarter, its most recent, Sears Canada earned 152.8 million Canadian dollars ($149 million), or C$1.50 a share, fueled by a big gain.