Via Rail has picked Germany’s Siemens AG for a new order of locomotives and passenger cars, dealing Bombardier Inc. a second high-profile setback on its home turf this year, said people familiar with the matter.
WestJet says it's co-operating with watchdog's predatory pricing probe
Edmonton-based Flair Airlines has accused WestJet and low-cost offshoot Swoop of undercutting its business by pricing fares at or below cost and flooding certain routes with flights, contrary to competition legislation that protects new entrants from more dominant carriers.
Germany is said to intensify Deutsche Bank plans with merger
The German government is intensifying efforts to help fix Deutsche Bank AG, with officials studying ways to make it easier to merge with Commerzbank AG, people familiar with the matter said.
Ottawa sets new limits on pilot flight times to curb crew fatigue
New regulations will set lower limits for the number of hours pilots can be in the air and on the job before having to take a break, taking into account the times of day they fly and how often they take off and land.
This year – with the toy industry already hurting from the U.S. closure of Toys ‘R’ Us – there doesn’t seem to be a must-have product flying off shelves.
Bombardier's tardy, US$73M luxury jet will debut next week
Bombardier Inc. says it will deliver its first Global 7500 next week as the company’s biggest luxury jet makes its commercial debut two years later than initially planned.
Pandora selloff hits US$7B as a horrible year gets worse
The world’s biggest jewelry maker had another very bad day on the stock exchange, bringing lost market value this year to almost US$7 billion.
Fast-expanding seafood giant joins Irvings, McCains as N.B. business royalty
Cooke Aquaculture Inc. is the world's largest independent seafood company, with billions of dollars in annual revenue, shipping one billion pounds of fresh seafood annually to 67 countries.
U.S. banks' suffering isn't over yet, Wall Street says with downgrades
This year’s 16 per cent slide by major U.S. banks apparently isn’t enough for analysts, who are subjecting the sector to a fresh pummeling.
Lion Air stands firm on canceling US$22B Boeing jet orders
Lion Air Mentari’s owner is sketching out plans to become one of the world’s largest budget carriers, while also preparing to scrap $22 billion in Boeing Co. jet orders out of anger at the manufacturer’s response to an October air disaster.