Friday, March 19, 2010

Business

PepsiCo to stop selling sugary drinks from schools worldwide by 2012

NEW YORK — PepsiCo plans to remove sugary drinks from schools worldwide, following the success of programs in the U.S. aimed at cutting down on childhood obesity.
The company said Tuesday it will remove full-calorie, sweetened drinks from schools in more than 200 countries by 2012, marking the first such move by a major soft drink producer.

Probe raises questions about driver’s description of runaway Prius

SAN DIEGO — A memo drafted for a congressional panel says that investigators with Toyota Motor Corp. and the federal government were unable to make a Prius speed out of control as its owner said it did on a California freeway, casting doubt on the driver’s story.

AbitibiBowater and union reach tentative deal for Quebec workers

MONTREAL — Newsprint maker AbitibiBowater Inc. has reached a tentative labour deal affecting some 4,000 workers in Quebec.
The Communications, Energy and Paperworkers Union of Canada says the deal brings the company closer to emerging from bankruptcy protection.

Budget to pump $400 million into AECL, other help for businesses

OTTAWA — The Harper government is unveiling what is expected to be its last free-spending budget Thursday, with money for infrastructure, businesses and a new lifeline to the atomic energy industry.

Consumer finances improve, but bankruptcies still up 26 per cent for year

TORONTO — A third straight monthly decline in the number of Canadians who filed for bankruptcy indicates an economic recovery could be taking hold, but seasonal patterns and changes in insolvency rules make it unclear whether the trend will continue.

Strong loonie here to stay

OTTAWA—The Canadian loonie again is flying near parity with the U.S. greenback—but this time no one is surprised and most expect the currency to remain aloft for years.
The dollar continued its steady climb yesterday, at one point hitting 99.31 cents (U.S.)—its highest level in 20 months—before closing just below the 99-cent level.

Flaherty says European proposal to tax banks, financial transactions ’a mistake’

NEW YORK — Canada will not impose new taxes on banks or financial transactions and will try to convince European leaders of the folly of their proposals at the upcoming G8 and G20 near Toronto in June, Finance Minister Jim Flaherty said Monday.

Toyota says tests don’t back up story of man who claimed Prius sped out of control

SAN DIEGO — Toyota Motor Corp. dismissed the story of a man who claimed his Prius sped out of control on the California freeway, saying Monday that its own tests found the car’s gas pedal and backup safety system were working just fine.

University education a scandal of epic proportions

Huge amounts of money are spent each year on university education; unfortunately, this is a scandal of epic proportions.
Several decades ago, university classes generally were small, with university professors directly involved in teaching and marking students’ papers.

Rosy job numbers send loonie soaring

OTTAWA—The loonie jumped to its highest level since mid-2008 today following news the Canadian economy created thousands of full-time jobs last month—helping push the unemployment rate down.

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