Wednesday, March 4, 2015

Business

Airlines ban rechargeable battery shipments as evidence of fire, explosion risks mount

WASHINGTON — Some of the world’s largest airlines are banning bulk shipments of rechargeable batteries in the face of mounting evidence of their potential to cause catastrophic in-flight fires.

Ford adding 400 jobs

OAKVILLE, Ont.—Ford Motor Co. today announced the addition of 400 new jobs to its assembly plant in Oakville, Ont. as it officially launched production of the new Edge crossover SUV—a vehicle which will be built for Canada, the U.S., and a number of other countries.

In new round of long legal fight, tobacco firms back in court over claims on smoking’s effects

WASHINGTON — America’s biggest tobacco companies say they are ready and willing to pass along factual public health information about cigarettes.
But they say they will not go along with being forced to underwrite an ad campaign that would have the companies brand themselves as liars.

Cruise ship company says it’s launching Montreal-Chicago itineraries starting in July

SAULT STE. MARIE, Mich. — As hard as it may be to imagine the nearly ice-covered Great Lakes as a Caribbean-like cruise ship destination, that’s just what they’ll be when summer comes to the world’s largest fresh water system.

Should you invest in an RRSP or TFSA? Both if you can, says financial advisers

TORONTO — Instead of debating the merits of an RRSP or a TFSA, Canadians should consider socking away money in both types of accounts for the best tax breaks, financial advisers say.
But if that’s not possible, your decision about whether to contribute to an RRSP by the March 3 deadline may depend on what the money is for, how much you earn now and how much you expect to earn in retirement.

Plug pulled on Sun TV

TORONTO — The Sun News Network went off the air at 5 a.m. (ET) today after negotiations to sell the troubled television channel were unsuccessful.
No on-air announcement was made as the screen went dark and was replaced moments later with the Sun TV logo.
In a news release to coincide with the early-morning shutdown, Sun Media Corp. said it spent months actively seeking a potential buyer.

Sun News Network shuts down

TORONTO — The Sun News Network went off the air at 5 a.m. ET Friday after negotiations to sell the troubled television channel were unsuccessful.
No on-air announcement was made as the screen went dark and was replaced moments later with the Sun TV logo.

By Moves National and Business, GUARD against duplication. THE CANADIAN PRESS

VANCOUVER — Faculty members at the University of British Columbia have thrown their support behind a campaign for a fossil-fuel-free investment portfolio.
The university’s professors, librarians and program directors voted 62 per cent in favour of urging the school’s board of governors to sell off its holdings related to fossil fuels within the next five years.

Tims apologizes for dousing

VANCOUVER—Tim Hortons has apologized after the owner of a Vancouver location was seen dumping a bucket of water on a homeless man sleeping outside.
“On behalf of Tim Hortons we sincerely apologize,” said Michelle Robichaud, manager of public relations and social media, in a statement yesterday.

Leaked documents show extent to which HSBC’s Swiss branch helped wealthy dodge taxes

LONDON — HSBC’s Swiss private bank helped hide millions of dollars for drug traffickers, arms dealers and celebrities as it assisted wealthy people around the world dodge taxes, according to a report based on leaked documents that lifts the veil on the country’s banking secrecy laws.

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