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Resolute signs deal to sell U.S. recycled bleached kraft pulp mill for US$55M

MONTREAL — Resolute Forest Products Inc. has signed a deal to sell its recycled bleached kraft pulp mill in Fairmont, W.Va., for US$55 million.

The company says ND Paper LLC, a subsidiary of Nine Dragons Paper (Holdings) Ltd., has agreed to buy the mill.

Nine Dragons has nine paper mills in Asia as well as two U.S.-based facilities.

Disney offers tuition in tight job market

ORLANDO, Fla.—The Walt Disney Co. is offering to pay full tuition for hourly workers who want to earn a college degree, finish a high school diploma or learn a new skill, the entertainment giant said yesterday.

As many as 80,000 hourly workers in the United States could be eligible for the program, which pays upfront tuition for employees taking online classes starting this fall.

Ford recalls power cables due to fire risk

OAKVILLE, Ont.—Ford is recalling the charging cords for more than 50,000 plug-in hybrid and electric cars in North America, including 1,327 in Canada, because they could cause fires in electrical outlets.

The company said the 120-volt cords came with certain 2012 through 2015 Focus electrics and some 2013 through 2015 Fusion Energi and C-Max Energi plug-in hybrids.

World’s biggest shipping firm to test Russian Arctic route

COPENHAGEN — Danish shipping group A.P. Moller-Maersk said Thursday it will send a cargo vessel through the Russian Arctic for the first time as a result of melting sea ice.

Janina von Spalding, spokeswoman for the world’s biggest shipping company, said the new ice class container vessel, Venta Maersk, would embark on trial journey in the Arctic route over Russia next month.