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VW: 11 million diesel vehicles fitted with suspect software, setting aside $7.3 billion

BERLIN The crisis enveloping Volkswagen AG, the world’s top-selling carmaker, escalated Tuesday as the company issued a profit warning following a stunning admission that some 11 million of its diesel vehicles worldwide were fitted with software at the centre of a U.S. emissions scandal.

Ethical fund manager encouraged by progress on executive pay at banks

TORONTO A fund manager focused on socially responsible investing has been encouraged by steps that some of Canada’s biggest banks have taken to rein in executive compensation.

But Michelle de Cordova, director of corporate engagement for NEI Investments, says there is still more work to be done to ensure that executive pay practices are fair.

Canada’s government posts a surplus for last year amid election campaign

TORONTO Canada has posted a budget surplus after six straight years of deficits.

The government announced Monday a $1.9 billion Canadian (US$1.4 billion) surplus for last year. It had been predicting a $2 billion Canadian ($1.5 billion) deficit with expectations for a surplus this year.

Dallas Cowboys worth $4 billion to top list of all sports franchises in the world

NEW YORK The Dallas Cowboys are the most valuable sports franchise in the world at a worth of $4 billion, according to Forbes magazine.

America’s Team heads the list of NFL teams for the ninth consecutive year and is first overall among all sports teams for the first time since 2007. The Cowboys made a record NFL revenue of $620 million last season.

Enbridge agrees not to ship heavy crude oil through Great Lakes pipeline in Michigan

MACKINAW CITY, Mich. A company that ships oil through the Great Lakes pledged Thursday to keep heavy crude out of a pipeline in northern Michigan.

Enbridge Energy already doesn’t transport heavy crude in the Straits of Mackinac. The deal signed with state officials preserves the status quo and requires a 180-day notice if changes are proposed.

McDonald’s Canada has no plans for all-day breakfast after American launch

TORONTO — McDonald’s Canada has bad news for those looking to get their Egg McMuffin fix past 11 a.m.

Spokeswoman Lisa Hutniak said the company has no plans to offer an all-day breakfast despite the brand’s announcement that its American restaurants will introduce the option Oct. 6.