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Business News Summary Headlines

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4 dead, including suspect, after Maryland warehouse shooting

ABERDEEN, Md. - A woman working a temporary job at a drugstore warehouse in Maryland got into an argument at work Thursday morning and began shooting colleagues, killing three before fatally turning the gun on herself, authorities and witnesses said.

Workers at the Rite Aid distribution centre in northeastern Maryland described terrifying moments of "crazy" gunfire and people screaming and running in all directions after the shooting. Others said they helped the wounded, one person tying blood-soaked jeans around a man's injured leg in a bid to stop the bleeding.

Thursday, September 20, 2018 | 09:35 PM

The Latest: More than a dozen arrested on looting charges

WILMINGTON, N.C. - The Latest on Florence (all times local):

6:30 p.m.

Thursday, September 20, 2018 | 07:14 PM

AT&T fires back in bid to preserve its deal with Time Warner

WASHINGTON - Fighting to defend its $81 billion takeover of Time Warner from a government challenge, AT&T is arguing the Trump Justice Department has failed to show that the merger will raise prices for pay-TV programming and for the consumers who watch it.

The AT&T-Time Warner marriage was completed this spring soon after a federal judge approved it. But government antitrust regulators filed to have the judge's ruling overturned, setting the stage for a landmark competition case in the U.S. Court of Appeals in Washington.

Thursday, September 20, 2018 | 07:13 PM

Will American Airlines bar customers from changing a ticket?

FORT WORTH, Texas - American Airlines is threatening to prohibit customers from making changes to nonrefundable tickets if Congress makes good on a proposal to crack down on what critics call unreasonable airline fees.

American CEO Doug Parker says that his airline would be acting just like many other businesses when customers want to swap their ticket for a different flight or for another day.

Thursday, September 20, 2018 | 07:12 PM

Saskatchewan approves new wind energy project with 56 turbines

HERBERT, Sask. - The Saskatchewan government approved a large-scale wind energy project Thursday for the province's southwest as a way to reduce greenhouse gas emissions.

The Blue Hill Wind Energy Project will be located south of Herbert and is expected to have 56 turbines.

Thursday, September 20, 2018 | 06:43 PM

Ottawa commits $30 million for new tidal power project in Bay of Fundy

HALIFAX - Ottawa has announced a $29.8 million grant for a new project that aims to harness the immense power of the Bay of Fundy's tides.

Natural Resources Minister Amarjeet Sohi announced the grant in support of a $117-million project operated by Halagonia Tidal Energy Ltd. on Thursday, amidst a meeting of G7 ministers that has emphasized the importance of renewable energies.

Thursday, September 20, 2018 | 06:33 PM

Alimentation Couche-Tard to let shareholders vote on exec pay next year

LAVAL, Que. - Alimentation Couche-Tard Inc. says it will allow shareholders to vote on the pay packages of the company's top five executives, but not until next year.

Alain Bouchard, chairman and co-founder of the Quebec-based convenience-store giant, made the pledge before a shareholder withdrew a proposal to implement the so-called say-on-pay vote at the annual general meeting Thursday.

Thursday, September 20, 2018 | 06:10 PM

Ottawa to gradually eliminate plastic waste in its operations across the country

HALIFAX - Ottawa used the platform of a G7 ministers meeting Thursday to announce it will gradually eliminate most plastic waste from government operations, as corporate leaders spoke of how they're eager to turn waste into profitable material.

Environment Minister Catherine McKenna said at the Halifax gathering that the federal government will ditch unnecessary plastics throughout its operations.

Thursday, September 20, 2018 | 05:51 PM

Despite progress, threat of 232 tariffs dominates NAFTA negotiations

WASHINGTON - Despite the eye-popping figures thrown around in the NAFTA conversation — $2 billion in daily trade, 18 million autos built each year, hundreds of thousands of jobs in the U.S. — one number in particular seems to be giving fits to Canada’s negotiating team: 232.

That's the section of U.S. trade law that lets President Donald Trump use national security as justification to impose crippling tariffs on foreign imports, a sword of Damocles the federal Liberal government desperately wants to blunt.

Thursday, September 20, 2018 | 05:41 PM

North American markets rise with the Dow and S&P 500 hitting record highs

TORONTO - North American markets closed up with the Dow and S&P 500 setting record highs Thursday while the Canadian dollar hit a four-month peak despite a slip in the price of crude.

The Canadian dollar traded at an average of 77.48 cents US compared with an average of 77.24 cents US on Wednesday.

Thursday, September 20, 2018 | 04:53 PM