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  • Insurer AIG predicts US$3 billion in losses from catastrophes

    October 9, 2017 10:10 PM 10

    NEW YORK -- American International Group expects to record insurance losses of roughly US$3 billion during the third quarter from the recent hurricanes and earthquakes. AIG said Monday that it expects to record pre-tax catastrophe losses between $2.9 billion and $3.1 billion during the quarter because of damage it will have to cover from Hurricane Harvey

  • Bailed-out RBS removes logo from flagship office

    October 9, 2017 12:03 PM 11

    LONDON -- Royal Bank of Scotland has removed its own logo from its flagship London office, replacing it with the more locally focused NatWest brand -- a sign that the bank has shed its global aspirations once and for all. Once the world's largest bank, RBS was bailed out during the 2008 financial crisis and has been transitioning to becoming a more local

  • Richard Thaler wins Nobel Prize in economics

    October 9, 2017 10:40 AM 16

    University of Chicago professor awarded for integrating economics and psychology U.S. academic Richard Thaler, who helped popularize the idea of "nudging" people towards doing what was best for them, won the 2017 Nobel Prize in economic on Monday for his work on how human nature affects supposedly rational markets. Influential in the field of behavioural

  • Van Hool electric bus could make commutes greener

    October 9, 2017 9:00 AM 13

    Belgian bus maker Van Hool uses Proterra's heavy-duty electric drivetrain for a new model of passenger bus mainly carrying tech workers. Google and other tech companies faced criticism that their contracted commuter buses created skyrocketing property costs in San Francisco. The companies pointed out that the buses actually relieve traffic and pollution

  • Caterpillar Inc. (CAT) Analysts See $1.19 EPS

    October 9, 2017 1:33 AM 20

    Investors sentiment increased to 0.96 in Q2 2017. Its up 0.25, from 0.71 in 2017Q1. It increased, as 51 investors sold Caterpillar Inc. shares while 382 reduced holdings. 110 funds opened positions while 307 raised stakes. 403.41 million shares or 1.48% less from 409.46 million shares in 2017Q1 were reported. Investors wait Caterpillar Inc. (NYSE

  • Trump administration punishes Bombardier with another import duty

    October 6, 2017 6:11 PM 23

    The Trump administration has punished Canadian plane maker Bombardier with another import duty on its high-tech C Series airliner, cranking up the pressure on Ottawa amid tense renegotiations of the North American free-trade agreement. In a decision released Friday, the U.S. Department of Commerce ruled to slap an anti-dumping duty of nearly 80 per cent on Bombardier

  • Where should legal pot be sold in Nova Scotia? Province wants your input

    October 6, 2017 2:44 PM 19

    Online survey asks for people's preferences for existing stores, new stand-alone operations or online sales The Nova Scotia government is asking Nova Scotians what they think of having the Nova Scotia Liquor Corporation sell marijuana when cannabis becomes legal next July. The online survey asks seven pot-related questions, two of them related to NSLC and the government

  • Anti-dumping duties against Bombardier for CSeries expected today

    October 6, 2017 12:41 PM 29

    Aerospace company says it's confident the American penalties will be overturned Bombardier will likely learn today about anti-dumping duties over its CSeries commercial jet. The U.S. Commerce Department was expected to announce preliminary anti-dumping duties yesterday, but last night said it was holding off until today. The move follows last week's

  • Service suspended on part of GO Transit Barrie line after person struck by train

    October 6, 2017 12:35 PM 13

    Service has been halted along a portion of GO Transit’s Barrie line after a person was hit by a train near Barrie South GO Station. It is not immediately clear whether the person has been pronounced dead at this point, though GO Transit says that it is a “possible fatality.” Service on the Barrie line was initially suspended entirely, however trains

  • Mixed reaction in northwestern Ontario over Energy East cancellation

    October 6, 2017 12:01 PM 9

    Northwestern Ontario Municipal Association president says more local control needed over train speeds There is mixed reaction in northwestern Ontario over news that TransCanada will not go forward with its Energy East pipeline and Eastern Mainline proposals, but one municipal group says it's already looking ahead. The Northwestern Ontario Municipal Association