Thursday, April 24, 2014

Business

Canadians plan to spend an average of $15,000 on their weddings: BMO study

TORONTO — Canadians planning to tie the knot expect to spend an average of $15,000 on their big day, but many don’t think they’ll be able to foot the entire bill, according to a new study.
The BMO InvestorLine survey of 500 adults revealed that nearly 40 per cent of respondents believe their ideal wedding is out of reach.

FedEx takes a page from Canada Post playbook with new locations at Home Hardware

TORONTO — As more Canadians turn to online shopping, FedEx hopes an agreement to open shipping centres at Home Hardware Stores Ltd. will help it grab a larger piece of the growing e-commerce market.
Federal Express Canada Ltd. said Wednesday that the centres, which serve as mini-hubs, will offer more “points of access” for customers to drop off and pick up parcels.

California mother, TSA reach tentative $75,000 settlement in breast-milk dispute

PHOENIX — A Southern California woman who was held at a Phoenix airport four years ago after refusing to have her breast milk X-rayed said Wednesday she has reached a tentative settlement with the Transportation Security Administration.

McDonald’s restaurants put foreign worker program on hold, conducts audit

VICTORIA — McDonald’s Canada says temporary foreign workers are a necessary part of the fast-food chain’s business model, but its use of the federal jobs initiative is now on hold until the company satisfies itself and Canadians that it doesn’t abuse the program.

Apple to split stock, boost share buyback program, raise dividend in bid to win back investors

SAN FRANCISCO — Apple is doling out more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker’s slowing sales growth and pace of innovation.

Ronald McDonald takes to Twitter, gets new outfit as McDonald’s puts focus back on clown

NEW YORK — Ronald McDonald has a new look, and he’s ready for a selfie.
McDonald’s said Wednesday its famous spokesclown will take an active role on social media for the first time, using the hashtag ronaldmcdonald. The move marks a turnaround from recent years, when the red-haired mascot faded to the background as McDonald’s came under criticism for using him to market to children.

Canada to phase out old rail tankers in 3 years in response to Quebec explosion that killed 47

TORONTO — Canada will require a three-year phase out or retrofit of the type of rail tankers involved in last summer’s massive explosion of an oil train that incinerated much of a Quebec town and killed 47 people, Canada’s transport minister announced Wednesday.
Last July, a runaway oil train derailed in Lac-Megantic, Quebec, near the Maine border. About 30 buildings were destroyed.

Canada’s middle class surpasses that in the U.S., says New York Times report

OTTAWA — There is a middle class crisis, but it’s happening south of the border, not in Canada, according to a New York Times report on incomes around the world.
The newspaper says an analysis it conducted with the LIS data centre shows that while Canadian median income per capita trailed the U.S. badly at the turn of the century, it had caught up by 2010 and now likely is ahead.

Supreme Court appears likely to back Pom Wonderful in juice label dispute with Coke

WASHINGTON — Count Supreme Court Justice Anthony Kennedy among consumers who feel misled by a beverage called “Pomegranate Blueberry Flavored Blend of 5 Juices.”
The drink was the subject of a lively debate Monday as the high court considered whether to allow false advertising claims against the Coca-Cola Co., which markets the beverage under its Minute Maid unit.

Apple unveils free recycling of all its devices, vows to increase reliance on renewable energy

SAN FRANCISCO — Apple is offering free recycling of all its used products and vowing to power all of its stores, offices and data centres with renewable energy to reduce the pollution caused by its devices and online services.

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