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CN tests natural gas-fired locomotives

Canadian National Railway is testing two natural gas-fired locomotives in Alberta's oilsands region to see if it's feasible to switch from diesel to a fuel that's cheap, plentiful and relatively clean.

Yukon property sale complete

Alexco Resource Corp. has completed the sale of its interest in the Brewery Creek property in Yukon Territory, under a follow-on agreement reached in February with Golden Predator Corp.

EU seeks U.S. plane sanctions

The European Union is asking the World Trade Organization to impose up to $12 billion per year in sanctions on the United States as part of a long-running dispute involving government subsidies to plane-makers Airbus and Boeing.

Nova Scotia court approves sale of NewPage paper mill

After a year of legal wrangling, the $33-million sale of the former NewPage Port Hawkesbury paper mill to Vancouver-based Pacific West Commercial Corp. was officially sanctioned Thursday by the Nova Scotia Supreme Court.

Canada/World

Israel calls out Iran B11

Tempur-Pedic to acquire Sealy for $1.3 billion

Mattress company Tempur-Pedic is buying rival Sealy for about $228.6 million in cash while also taking on hundreds of millions more in Sealy debt. Tempur-Pedic International Inc. said Thursday that it will pay $2.
Spain crisis budget aims to cut spending

Spain crisis budget aims to cut spending

Spain announced a crisis budget for 2013 based mostly on spending cuts in what many see as an effort to pre-empt the likely conditions of an international bailout. Ministry budgets were slashed by 8.

Samsung raises software stakes for shift to music

Samsung Electronics, which has vaulted the value chain on the strength of its hardware, will go out and buy mobile content providers, a senior executive told Reuters, to compete with Apple, Google and Amazon.

XL Foods beef recall expanded to 30 states

The U.S. Department of Agriculture has extended its public health alert about beef from an Alberta plant to stores in 30 states, including retail giant Walmart. The alert means XL Foods Inc.

Canada/World

Stronach forms party to seek Austrian presidency >B12