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Business News Summary Headlines

Company releases, economic news, and business coverage.

Calgary and Saint John mayors urge NEB to reverse Energy East pipeline ruling

CALGARY - Mayors from both ends of the proposed Energy East pipeline are calling for the National Energy Board to reverse its requirement that upstream and downstream emissions be included in its review of the $15.7-billion conduit.

Saint John Mayor Don Darling, who said he was in Calgary to attend a wedding, paired up with Calgary Mayor Naheed Nenshi at a joint news conference to voice their support for the project which they say will create jobs and prosperity across Canada.

Friday, September 22, 2017 | 04:21 PM

Markets Right Now: Stocks end mostly higher

NEW YORK - The latest on developments in financial markets (All times local):

4 p.m.

Friday, September 22, 2017 | 04:15 PM

Does NKorean H-bomb threat push US closer to war?

WASHINGTON - Would exploding a hydrogen bomb over the Pacific, as North Korea has threatened, push the current war of words between the U.S. and North Korea closer to actual war?

As with much that has transpired lately in the U.S.-North Korea nuclear crisis, no one can be sure where this would lead or whether the North will even carry out its threat. It does, however, raise many questions, including: How would the North undertake such a nuclear test, what risks might it pose to Japan and how would the U.S. respond?

Friday, September 22, 2017 | 04:03 PM

Morneau draws criticism from business, concerns from premier in Nova Scotia

HALIFAX - Finance Minister Bill Morneau took his "listening tour" over Ottawa's controversial tax proposals to Halifax on Friday, drawing criticism from some small business owners and concerns from Nova Scotia's Liberal premier.

Morneau met with local small business owners at a library in downtown Halifax, and said afterwards he heard concerns about the changes, but also an understanding that a system is needed that is fair for all Canadians.

Friday, September 22, 2017 | 04:02 PM

Batman comic series to feature scenery from Portland, Maine

PORTLAND, Maine - Holy hometown, Batman!

A highly anticipated Batman comic book series will have some locations that might look familiar to Maine residents. The Portland Press Herald reports Portland City Hall, Old Port's cobblestone streets and various red brick buildings will be a part of Gotham in DC Comics' "Batman: White Knight."

Friday, September 22, 2017 | 03:51 PM

Freeland touts 'made in Canada' NAFTA approach, meet with advisory panel

OTTAWA - The Canadian automotive industry is anxiously waiting to see if the next round of NAFTA negotiations will provide some clarity on American demands that vehicles must have "substantial" U.S. content to qualify for duty-free movement within North America.

Rules of origin one of the most complicated and contentious issues on the table, particularly when it comes to the auto sector is on the agenda for the third round which starts Saturday in Ottawa.

Friday, September 22, 2017 | 03:28 PM

Ontario signs formal agreement to join Quebec-California carbon market in 2018

Ontario, Quebec and California signed an agreement Friday to create the world's second largest carbon market, with their leaders dismissing naysayers and predicting that more provinces and states would soon join.

Quebec and California have been jointly holding cap-and-trade auctions since 2014, and as of Jan. 1, 2018, those will now include Ontario, which has been running its own cap-and-trade system since Jan. 1 of this year, with three sell-out auctions in a row.

Friday, September 22, 2017 | 03:27 PM

Miss Turkey dethroned over 'unacceptable' tweet on coup

ANKARA, Turkey - Organizers have stripped Miss Turkey 2017 of her crown over a social media posting that was deemed insulting to the memory of the 250 people killed while opposing last year's failed military coup.

Miss Turkey organizers said the 18-year-old Itir Esen was dethroned on Friday, a day after she won the contest and the right to represent Turkey at the Miss World contest in China. The organizers said in an emailed statement that her title was revoked because of a tweet in July that they described as "unacceptable."

Friday, September 22, 2017 | 03:09 PM

Hannity boycott call fizzling, at least publicly

NEW YORK - More than a month after a liberal advocacy group publicly called on advertisers to boycott Sean Hannity's show on Fox News Channel, luxury carmaker Cadillac has been the only new company to publicly back away from the program.

While Hannity has appeared largely impervious to the efforts against him, opponents say they're not giving up.

Friday, September 22, 2017 | 02:08 PM

Canadian firm applies to build $10-billion Jordan Cove LNG project in Oregon

CALGARY - The Canadian company whose proposal to build an LNG export terminal in Oregon was derailed by U.S. regulators last year has resubmitted its application for a bigger, more expensive project.

Calgary-based Veresen Inc. (TSX:VSN) said Thursday its Jordan Cove project is now estimated to cost about US$10 billion to build, up from US$7.5 billion under its previous proposal, and would have capacity of 7.8 million tonnes per year, up from six million.

Friday, September 22, 2017 | 01:40 PM