PROBE TARGETS CLASSMATES Stan Grmovsek has made lucrative and timely investments on resource companies. In almost every case the trades were made in companies working with a U.S. law firm that employed his friend By JACQUIE MCNISH AND ANDY HOFFMAN  -- Stan Grmovsek and Gil Cornblum have been close friends ever since they met at Osgoode Hall Law School 17 years ago. Although their careers took different directions, they have remained in close contact, attended each other's weddings and frequently socialized with their families.  FULL STORY

Boeing delay hinders Air Canada expansion plans By BRENT JANG  -- A two-year delay in getting delivery of fuel-efficient Boeing 787 Dreamliners will crimp Air Canada's international expansion plans.The Montreal-based airline will seek compensation from Boeing Co. for the disruption to flight scheduling, Air Canada chief executive officer Montie Brewer said yesterday. He made the announcement after the carrier disclosed that, amid surging oil prices, it lost $288-million in the first quarter, including a $125-million provision related to allegations of cargo price-fixing by an array of global airlines.  FULL STORY

Tims eats humble pie to avert PR catastrophe By TAVIA GRANT  -- Tim Hortons Inc. has squelched what could have become a PR disaster over the Timbit Affair. At the same time, the company has been served a stinging lesson on how following franchise rules too zealously can stifle the ability of front-line workers to keep the customer satisfied.  FULL STORY

Onex eyes move into gambling Schwartz enlists former MGM executive to help drive takeovers of casinos By BOYD ERMAN  TORONTO -- Onex Corp. is ready to place a bet on the U.S. gambling industry, with struggling casino icon Tropicana Entertainment LLC a potential target for Gerald Schwartz's buyout firm.  FULL STORY

Manulife's retiring CEO waves the Maple Leaf By ERIC REGULY  -- It will break Dominic D'Alessandro's heart if Manulife Financial Corp.'s next chief executive, possibly an American, shifts the company to the United States.Like many immigrants (he was born in Italy), Mr. D'Alessandro is passionate about his adopted country - Canada - because things worked out rather well for him here and because he never bought into the notion that London and New York had a lock on global companies. B-team Toronto could have its corporate champions, too.  FULL STORY