Sunday, May 3, 2015

Business

Canada, U.S. announce broad new uniform standards for rail safety

WASHINGTON — Rail tank cars used to transport crude oil and many other flammable liquids will have to be built to stronger standards to reduce the risk of a catastrophic train crash and fire, under sweeping new safety rules unveiled Friday by U.S. and Canadian transportation officials.

Tesla’s billionaire CEO vows to jolt electricity market with expansion into home batteries

FOSTER CITY, Calif. — Never lacking daring ideas, billionaire entrepreneur Elon Musk is determined to jolt the electricity market.

Senators propose fee on railroad tank cars hauling oil, ethanol, other flammable liquids

BILLINGS, Mon. — U.S. senators from six states on Thursday proposed that the government charge companies a special fee to ship oil, ethanol and other flammable liquids in older railroad tank cars that have been involved in fiery explosions.

Ontario approves bill to create provincial pension plan starting Jan 1. 2017

TORONTO — Ontario passed legislation Wednesday to create a provincial pension plan for more than three million people who do not have a workplace pension, despite critics’ warnings it amounts to a job-killing payroll tax.

Shareholders at Barrick Gold, CIBC flexing their say-on-pay muscles

TORONTO — It’s a rare occurrence for the majority of a Canadian company’s shareholders to vote against its executive compensation practices.
But over the past two weeks, investors at two of the country’s major institutions — CIBC and Barrick Gold — have done just that.

Anheuser-Busch apologizes for slogan on bottles saying Bud Light removes ‘No’ from vocabulary

NEW YORK — Bud Light should have kept the word “No” handy in this case.
Anheuser-Busch is apologizing for ad copy that appeared on bottles saying Bud Light removes the word ‘no’ from drinkers’ vocabulary.
Photos of the bottles went viral on social media Tuesday with widespread complaints about the slogan, particularly at a time of national debate about college rape.

Ontario spent $7M on consultants for Hydro One, beer sales report

TORONTO — Ontario spent nearly $7 million on consultants who helped a government-appointed panel recommend that the province sell a majority stake in Hydro One and liberalize the sale of beer.

Justice Department seeking criminal charges against Lumber Liquidators; company report 1Q loss

TOANO, Va. — The Justice Department is seeking criminal charges against Lumber Liquidators in an ongoing investigation over imported products.
The flooring company also reported Wednesday that it lost $7.8 million in its first quarter, as it deals with fallout from a TV report that raised concerns over levels of formaldehyde in its Chinese-made laminate flooring.

Company, 2 managers charged in death of worker cooked in oven with 12,000 pounds of tuna

LOS ANGELES — Bumble Bee Foods and two managers were charged by Los Angeles prosecutors Monday with violating safety regulations in the death of a worker who was cooked in an industrial oven with tons of tuna.

Deloitte study says few Canadian businesses ready for next wave of tech change

TORONTO — A new study by Deloitte has found that most Canadian companies aren’t prepared for how quickly they’ll be affected by major advances in technology such as robotics and artificial intelligence.

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