December 15th, 2017

Business

Alberta to expand airborne monitoring of oilsands greenhouse gas emissions

By Bob Weber, The Canadian Press on December 15th, 2017

EDMONTON – Alberta has begun monitoring oilsands emissions from the sky. The province’s environmental monitoring agency is using airborne sensing equipment to measure the release of greenhouse gases and other chemicals from oilsands mines north of Fort McMurray – a program being expanded to cover all of Alberta’s heavy oil and bitumen production. “We’re trying ... Read More »

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CSX Corp. says president and CEO Hunter Harrison on medical leave

By Dan Healing, The Canadian Press on December 15th, 2017

Shares in Florida-based railroad CSX Corp. plunged by as much as 9.9 per cent Friday morning after it announced president and CEO Hunter Harrison is on medical leave due to what it calls “unexpected complications from a recent illness.” The Nasdaq-listed company fell as low as US$51.63 in early trading, down $5.68, after the company ... Read More »

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Alberta to expand airborne monitoring of oilsands greenhouse gas emissions

By The Canadian Press on December 15th, 2017

EDMONTON – Alberta has begun monitoring oilsands emissions from the sky. The province’s environmental monitoring agency is using airborne sensing equipment to measure the release of greenhouse gases and other chemicals over oilsands mines north of Fort McMurray. Chief scientist Fred Wrona says the program is to be expanded to cover other parts of the ... Read More »

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‘Star Wars: The Last Jedi’ boasts $45 million opening night

By The Associated Press on December 15th, 2017

LOS ANGELES – “Star Wars: The Last Jedi” is off to a death star-sized start at the box office. Disney says Friday that the eighth installment in the space franchise has earned an estimated $45 million from Thursday night showings. It’s the second-highest Thursday night preview tally following the $57 million start for “Star Wars: ... Read More »

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GOP leaders move to appease Rubio, finalize big tax bill

By Stephen OhlemacHer And Marcy Gordon, The Associated Press on December 15th, 2017

WASHINGTON – Congressional Republicans finalized their sweeping tax package Friday, expanding its child tax credit to placate a reluctant GOP senator as they pushed to muscle the bill through Congress next week and give President Donald Trump his first major legislative victory. Sen. Marco Rubio of Florida has been a potential holdout, though lawmakers have ... Read More »

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Toronto stock index shows moderate gain in broad-based advance, loonie down

By The Canadian Press on December 15th, 2017

TORONTO – Canada’s main stock index is up moderately this morning in a broad-based advance spanning several sectors. The Toronto Stock Exchange’s S&P/TSX composite index gained 57.86 points to 16,074.32, after 90 minutes of trading, with lift coming from Linamar Corp., Knight Therapeutics and Shopify Inc. Offsetting strength in information technology, health care and industrials ... Read More »

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Oilsands price discounts expected to rise as output exceeds export pipeline room

By The Canadian Press on December 15th, 2017

CALGARY – An RBC report warns that Canadian oilsands producers face rising price discounts as growing production “materially exceeds” export pipeline capacity to the United States in the first quarter of 2018. RBC Dominion Securities says production from the oilsands of northern Alberta is set to climb by nearly 620,000 barrels per day over the ... Read More »

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Workplace romance under spotlight after sex scandals

By Mark Kennedy, The Associated Press on December 15th, 2017

NEW YORK – The minefield that co-workers and companies navigate when it comes to love at work has gotten even more complex following the recent flood of sexual misconduct allegations roiling Hollywood, politics and the media. Office relationships that might have flown under the radar – particularly those between boss and subordinate – are getting ... Read More »

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EU sees new ‘dramatically difficult’ phase in Brexit talks

By Raf Casert And Lorne Cook, The Associated Press on December 15th, 2017

BRUSSELS – The European Union cleared the way Friday for Brexit talks with Britain to move onto the second stage but it warned that the discussions on trade and other matters relating to their future relationship will be “dramatically difficult.” The 27 leaders authorized the move with little fanfare on Friday, almost nine months after ... Read More »

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US prosecutors move to cash in on $8.5M in seized bitcoin

By Lindsay Whitehurst, The Associated Press on December 15th, 2017

SALT LAKE CITY – U.S. attorneys in Utah prosecuting a multimillion-dollar opioid drug-ring are moving quickly to sell seized bitcoin that’s exploded in value to about $8.5 million since the alleged ringleader’s arrest a year ago. The U.S. Attorney’s Office for Utah cites the digital currency’s volatility in court documents pressing for the sale. The ... Read More »

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Airbus shakes up top management amid legal woes

By The Associated Press on December 15th, 2017

PARIS – Airbus said Friday that its CEO, Tom Enders, will step down in 2019, as the European airplane maker shakes up management amid multiple corruption investigations. The company said Enders, who will have been at the helm of Airbus and defence firm EADS for 14 years, won’t seek another term when his current term ... Read More »

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