August 27th, 2016

Business

Restaurant operator responds to claims of worms in burgers

By The Associated Press on August 27th, 2016

MAYFIELD, Ky. – A McDonald’s franchisee says he’s been unable to substantiate claims by two customers who reported finding worms in food at the fast-food chain’s restaurants in two Kentucky communities. Michael Love, owner-operator of the two restaurants, says inspections of the restaurants by health officials did not uncover any of the problems raised by ... Read More »

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Maine seafood company pleads guilty to trade violations

By The Associated Press on August 27th, 2016

PORTLAND, Maine – A New England seafood company has pleaded guilty to illegally importing sea urchins from Canada in violation of federal wildlife trading laws. ISF Trading Company specializes in buying, processing and selling sea urchins from Maine and Canada. The U.S. Attorney’s Office in Maine says the Portland-based ISF falsely labeled sea urchins it ... Read More »

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You talkin’ to me? English no longer a must for NYC cabbies

By Deepti Hajela And Ezra Kaplan, The Associated Press on August 27th, 2016

NEW YORK – People who hope to drive New York City’s famous yellow cabs must pass tests on such details as driving rules and where they can pick up passengers. But one test they no longer have to take? Whether they have a grasp of English. A new law that streamlines licensing requirements for different ... Read More »

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Bombardier hands out pink slips, as part of effort to cut 7,000 workers

By The Canadian Press on August 26th, 2016

MONTREAL – Bombardier handed out pink slips Friday to aerospace employees in Montreal as part of its efforts announced in February to trim 7,000 workers over two years. The Montreal-based company declined to say how many workers were being affected by the latest layoff notices, how many cuts have already been made, or what aircraft ... Read More »

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Teck Resources disappointed with court order to pay $8.3M in costs to U.S. tribe

By Ian Bickis, The Canadian Press on August 26th, 2016

CALGARY – Vancouver-based Teck Resources says it’s “disappointed” with a U.S. District Court ruling ordering it to pay US$8.25 million in legal costs, as part a long-running legal battle over environmental contamination in Washington State. The company declined to say if it would appeal the latest ruling, but said it’s “reviewing the implications with counsel.” ... Read More »

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Stock markets flatline, Canadian dollar falls after U.S. Fed speech

By The Canadian Press on August 26th, 2016

TORONTO – North American stock markets closed relatively flat, despite a highly anticipated speech by the head of the U.S. Federal Reserve today. Toronto’s S&P/TSX composite index gained 9.16 points at 14,639.88. In New York, the Dow Jones industrial average fell 53.01 points at 18,395.40 and the broader S&P 500 composite index dropped 3.43 points ... Read More »

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Quebec coalition of businesses and unions in favour of Energy East pipeline

By The Canadian Press on August 26th, 2016

MONTREAL – A coalition of business groups and unions in Quebec is coming out in favour of TransCanada’s Energy East pipeline project. Representatives from several business federations and two large unions said today the pipeline will bring much needed economic development and jobs to the province. The announcement comes just days before the National Energy ... Read More »

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U.S. court revives Trader Joe’s lawsuit against Vancouver man who resells products

By The Associated Press on August 26th, 2016

SAN FRANCISCO – A U.S. federal appeals court has revived a trademark lawsuit by grocery chain Trader Joe’s against a Vancouver man who purchases the company’s products and resells them in the city’s Kitsilano neighbourhood at a store called Pirate Joe’s. The 9th U.S. Circuit Court of Appeals ruled Friday that a district court in ... Read More »

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Alberta’s Notley says budget plan is working but will alter carefully if need be

By The Canadian Press on August 26th, 2016

EDMONTON – Premier Rachel Notley says her government will stick with its plan despite a budget deficit of almost $11 billion, but will alter course if necessary. Notley says any changes would be done carefully and prudently so as to avoid making a difficult situation worse. Notley made the comments to reporters in Edmonton and ... Read More »

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Trudeau wants to engage on trade, investment and human rights with China

By The Canadian Press on August 26th, 2016

SAGUENAY, Que. – Prime Minister Justin Trudeau says he wants to “reset” Canada’s relationship with China. Trudeau says he wants to be able to discuss access to the growing middle-class market for Canadian goods and services in China, all the while pushing its leadership to do better on human rights, democracy and governance. Trudeau – ... Read More »

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BlackBerry restructures debt to cut interest costs, signs deal with Fairfax

By The Canadian Press on August 26th, 2016

WATERLOO, Ont. – BlackBerry Ltd. (TSX:BB) announced a plan to restructure its debt and cut its interest costs. Trading in BlackBerry shares had been halted pending the announcement. Under the plan, the company will redeem about US$1.245 billion in six-per-cent unsecured convertible debentures which can be converted into BlackBerry shares at a price of US$10 ... Read More »

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