Monday, July 28, 2014

Business

Canadian and Chinese companies partner to build nuclear reactors in Romania

VANCOUVER — A Canadian company is partnering with a Chinese firm in anticipation of building two more nuclear reactors in Romania that could be worth $1.5 billion for Canada’s economy.

THE ASSOCIATED PRESS

WASHINGTON — Thousands of older rail tank cars that carry crude oil would be phased out within two years under regulations proposed Wednesday in response to a series of fiery train crashes over the past year, including a runaway oil train that exploded in the Quebec town of Lac-Megantic, killing 47 people.

Juices get trendy, but can V8 ride the health trend?

NEW YORK — Pricey fruit and vegetable juices have become fashionable among those on a quest for fitness, and now V8 is trying to grab their attention.

Ontario plans better oversight of chemo drugs; ban paying people for their blood

TORONTO — Ontario plans to join Quebec in banning payments to people for their blood and blood plasma, following the opening of two paid plasma clinics in Toronto.
The governing Liberals are introducing legislation that also incorporates changes recommended in the wake of a probe into why more than 1,200 cancer patients in Ontario and New Brunswick received diluted chemotherapy drugs.

Florida smoker’s widow: $23B damages is a message to Big Tobacco, even if verdict won’t stand

NEW YORK — A Florida widow awarded $23.6 billion in the death of her chain-smoking husband on Monday called the massive verdict a message to Big Tobacco, even though she likely won’t see much if any of the money.

Shooting down of Malaysia Airlines plane could force airlines into costly route changes

The possibility that the civilian jetliner downed over war-torn eastern Ukraine with nearly 300 people onboard was hit by a missile could have profound consequences for the world’s airlines.
Airlines might have to be more vigilant about avoiding trouble spots, making flights longer and causing them to burn more costly fuel. They may even be forced to reconsider many international routes.

Microsoft to eliminate up to 18,000 jobs over next year as it combines Nokia

REDMOND, Wash. — Microsoft is cutting up to 18,000 jobs, about 14 per cent of its staff, over the next year as it works to cut down on management layers and integrate the Nokia devices business it bought in April.
The news sent Microsoft’s stock up 3 per cent in premarket trading.

Minimum wage in 2013 same as 1975 in constant dollars: Statistics Canada

TORONTO — The average minimum wage has remained unchanged in real terms for almost four decades, but economists say more recent increases are likely to continue in the coming years.
Statistics Canada said Wednesday the average minimum wage was $10.14 in 2013 and the 1975 wage, expressed in 2013 dollars, was $10.13.

St. Lawrence Seaway grain shipments surge, offsetting iron, coal weakness

MONTREAL — Western Canada’s bumper crop, as well as output from Ontario, have boosted grain shipments through the St. Lawrence Seaway by 50 per cent to 2.7 million tonnes so far this shipping season.
The St. Lawrence Seaway Management Corp., the agency that manages the waterway, says combined U.S. and Canadian grain shipments were up 38 per cent from March 25 through June 30.

Bombardier unveils a number of C Series orders as airshow gets underway

MONTREAL — Bombardier Aerospace has signed a number of agreements for its new CSeries aircraft, which include letters of intent for more than 40 jets from British and Chinese companies.
The announcements come as the Farnborough International Airshow got underway in Britain on Monday.

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