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Business News Summary Headlines

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Bombardier signs US$669M rail car deal with N.J., but no work north of border

MONTREAL - Bombardier Inc. has signed a US$669-million deal to provide 113 commuter rail cars to New Jersey.

The company says the contract will yield no additional work in Canada, with Buy American rules prompting Bombardier's plant in Plattsburgh, N.Y., to build the multi-level cars, rather than its facility in Quebec.

Wednesday, January 09, 2019 | 10:58 AM

Nissan unveils new Leaf car after Ghosn's arrest delays it

YOKOHAMA, Japan - Nissan is showing the beefed up version of its hit Leaf electric car as the Japanese automaker seeks to distance itself from the arrest of its star executive Carlos Ghosn.

The unveiling Wednesday at Nissan Motor Co.'s Yokohama headquarters, southwest of Tokyo, had been postponed when Ghosn was arrested Nov. 19.

Tuesday, January 08, 2019 | 11:36 PM

Husky Energy puts 500 retail operations and Prince George refinery on the block

CALGARY - Husky Energy Inc. says it is looking at getting out of retailing fuels to consumers after 80 years in the business.

The Calgary-based oilsands producer says it is launching a strategic review that could result in it selling its Canadian retail and commercial fuels business and its small Prince George, B.C., refinery.

Tuesday, January 08, 2019 | 09:26 PM

Parents of teen killed in Florida Tesla crash sue company

FORT LAUDERDALE, Fla. - The parents of a Florida teenager killed when a Telsa sedan crashed and caught fire last year are suing the electric car company alleging that the battery pack on its electric Model S is defective and can erupt into intense fires.

Edgar Monserratt and Esperanza Martinez de Monserratt allege in the lawsuit filed Tuesday in Broward County Circuit Court that the car's battery was inadequately protected, making the whole vehicle defective.

Tuesday, January 08, 2019 | 08:56 PM

Protests and marches sparked by RCMP arrest at B.C. pipeline protest camp

The arrest of 14 people at an Indigenous blockade in a remote area of northern British Columbia became a flash point Tuesday that sparked protests across the country.

Protesters delayed Prime Minister Justin Trudeau's speech in Ottawa, stopped traffic in Vancouver and Victoria and prompted a counter protest in front of the headquarters of the company building the pipeline at the centre of the dispute.

Tuesday, January 08, 2019 | 08:55 PM

Margot Robbie to play Barbie in live-action film

LOS ANGELES - Margot Robbie will bring Barbie to life in a live-action film.

Mattel and Warner Bros. Pictures announced Tuesday that Robbie will star as the iconic doll in the franchise's first-ever live-action film. The 28-year-old "I, Tonya" actress will also co-produce the film under her LuckyChap Entertainment banner.

Tuesday, January 08, 2019 | 08:05 PM

Aurora Cannabis reports Q2 revenue expected to be between $50M and $55M

EDMONTON - Aurora Cannabis Inc. says it expects to report second-quarter revenue of between $50 million and $55 million and positive earnings growth.

Analysts had expected revenue at the marijuana producer to total about $67 million for the quarter that ended Dec. 31, according to Thomson Reuters Eikon.

Tuesday, January 08, 2019 | 06:54 PM

What's in a name? 5G wireless claims, but no real network

NEW YORK - 5G E? 5G Plus? 5G Ultrawideband? Will the real 5G please stand up?

AT&T has drawn ridicule by relabeling the network used by some of its phones as "5G E" to signal that the next-generation wireless network is here. Problem is, phones capable of connecting to 5G aren't coming for another few months, and a national 5G network won't be deployed until 2020 or 2021.

Tuesday, January 08, 2019 | 06:50 PM

World Bank cuts forecast for world economic growth in 2019

WASHINGTON - The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries.

In a report titled "Darkening Skies," the anti-poverty agency said Tuesday that it expects the world economy to grow 2.9 per cent in 2019, down from the 3 per cent it forecast back in June. It would be the second straight year of slowing growth: The global economy expanded 3 per cent last year and 3.1 per cent in 2017.

Tuesday, January 08, 2019 | 06:49 PM

California bill would require businesses to offer e-receipts

SACRAMENTO, Calif. - California would become the first state to require businesses to offer electronic receipts unless customers ask for paper copies under legislation proposed on Tuesday.

Many businesses and consumers already are moving toward e-receipts, said Democratic Assemblyman Phil Ting of San Francisco.

Tuesday, January 08, 2019 | 06:48 PM