Report: Uber IPO could put company value at $120 billion

Report: Uber IPO could put company value at $120 billion
NEW YORK — Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion, according to a media report. The Wall Street Journal said Tuesday that Uber Technologies Inc. received valuation proposals from Goldman Sachs and Morgan Stanley. There is no guarantee Uber will fetch that valuation, or go... Read More

Bombardier on track to hit business jet delivery targets, meeting expectations

Bombardier on track to hit business jet delivery targets, meeting expectations
MONTREAL — Bombardier Inc. says it has fulfilled more than 70 per cent of its expected business aircraft deliveries for the year, as a lengthening order backlog points to growing demand for long-range planes. In the quarter ended Sept. 30, the Montreal-based company delivered 31 business jets, bringing the total to 96 so far in 2018, in line with analyst... Read More

Automated cars could kill wide range of jobs, federal documents say

Automated cars could kill wide range of jobs, federal documents say
OTTAWA — More than one million jobs could be lost to the coming boom in automated vehicles with ripple effects beyond the likeliest victims, internal government documents warn. The documents from Employment and Social Development Canada give a glimpse into the ongoing concerns and policy options government officials have wrestled with to help workers whose jobs may be threatened, and young people who... Read More

Gas slowly being restored, as police say cause of pipeline blast not criminal

Gas slowly being restored, as police say cause of pipeline blast not criminal
PRINCE GEORGE, B.C. — Natural gas service to much of British Columbia was being gradually restored Thursday after a pipeline explosion north of Prince George shut down a major supply artery to homes, institutions and industries. The cause of Tuesday’s explosion in the Enbridge pipeline is under investigation, with teams of investigators from the company, National Energy Board and the Transportation Safety Board at... Read More

Discount Car & Truck Rentals to pay $700,000 over misleading advertising

Discount Car & Truck Rentals to pay $700,000 over misleading advertising
OTTAWA — Discount Car & Truck Rentals Ltd. is paying a $700,000 penalty after reaching an agreement with the Competition Bureau over misleading advertising about its prices. Following an investigation, the federal agency found that Discount advertised rental prices that were unattainable due to mandatory fees that were added during the purchasing process. It also determined that advertised rebates suggesting... Read More

After backlash, Amazon to boost pay for longtime workers

After backlash, Amazon to boost pay for longtime workers
NEW YORK — Amazon, facing a backlash from longtime warehouse employees who say its $15 hourly minimum wage wouldn’t benefit them, will now provide a bigger raise to those workers. The company said Wednesday that “slight adjustments” are being made this week, and workers who already made $15 an hour will get more than the $1 an hour raise promised... Read More

WestJet CEO says new routes between Calgary and Europe a ‘game-changer’

WestJet CEO says new routes between Calgary and Europe a ‘game-changer’
WestJet Airlines Ltd. plans to launch non-stop service from its home base of Calgary to Dublin, Paris and London’s Gatwick Airport using its new Boeing 787 Dreamliner aircraft. WestJet chief executive Ed Sims says the move will result in lower fares, 650 new jobs in the Calgary area and an uptick in tourism. The new routes come as WestJet challenges Air Canada... Read More

Most residents allowed home after pipeline explosion near Prince George, B.C.

Most residents allowed home after pipeline explosion near Prince George, B.C.
PRINCE GEORGE, B.C. — Most residents of a northern B.C. community are being allowed back into their homes after a gas pipeline ruptured, sparking a massive blaze. RCMP say the explosion happened at about 5:30 p.m. PT Tuesday and forced about 100 members of the nearby Lheidli T’enneh First Nation from their homes. Officials say it was from an Enbridge natural... Read More

Pipeline ruptures, sparks massive fire north of Prince George, B.C.

Pipeline ruptures, sparks massive fire north of Prince George, B.C.
PRINCE GEORGE, B.C. — About 100 members of a First Nation community in northern British Columbia were evacuated from their homes Tuesday evening after a gas pipeline ruptured, sparking a massive blaze. The rupture happened on a natural gas transmission pipeline owned and operated by Enbridge about 13.5 kilometres from Prince George on Tuesday evening, Enbridge spokesman Michael Barnes said in an... Read More

WestJet bans staff in ‘safety-sensitive’ jobs from off-duty cannabis use

WestJet bans staff in ‘safety-sensitive’ jobs from off-duty cannabis use
CALGARY — WestJet Airlines Ltd. says it will follow the lead of rival Air Canada in banning marijuana use for staff in certain “safety-sensitive positions” even when they aren’t at work. The company says it updated its alcohol and drug policy in preparation for legalization of recreational cannabis use next week. Spokeswoman Morgan Bell says employees were notified of the changes... Read More