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Business

Calif. bill sought to require product makers to reduce plastic trash polluting the ocean

SAN FRANCISCO - A California bill that would have required manufacturers to figure out how to keep the most common plastic junk out of state waterways died in the state Assembly without a vote Friday.

Federal government looks to snag corporate sponsors for Ottawa events

OTTAWA - McDonald's golden arches on Parliament Hill? Tim Hortons billboards at the Governor General's residence?

Kinder Morgan takes next step in its Trans Mountain oil pipeline expansion plan

Kinder Morgan Canada's proposal to increase the capacity of its Trans Mountain pipeline calls for 30 oil tankers a month to load up with Alberta crude at its terminal in Burnaby, B.C., - up from about one per week.

Health officials investigating complications with compounded drugs from Tennessee pharmacy

WASHINGTON - Health officials are investigating cases involving patients who suffered complications after being injected with potentially contaminated medications made by a Tennessee specialty pharmacy.

National Bank considering new acquisitions in Canadian wealth management

National Bank (TSX:NA) says it's interested in new acquisitions but will be very selective about which sectors it looks to.

MTS to sell Allstream to Egyptian investment group, focus on Manitoba market

WINNIPEG - Manitoba Telecom Services Inc. has agreed to sell its Allstream business telecommunications arm to an Egyptian investment group and use about half of the $405 million in proceeds to reduce its pension obligations and debt.

Valeant shares soar amid report drug firm near $9B deal to buy Bausch and Lomb

MONTREAL - Valeant Pharmaceuticals shares hit an all-time high Friday amid reports that it is in talks to expand its eye-care business by buying Bausch and Lomb.

Royal Bank releases supplier code of conduct after outsourcing backlash

TORONTO - The Royal Bank (TSX:RY), which faced a fierce backlash earlier this year over an outsourcing arrangement involving the use of temporary foreign workers, said Friday it won't send work offshore just to save on salaries.

Rio Tinto titanium subsidiary workers fear up to 400 jobs to be cut

MONTREAL - The weak demand and prices that prompted Rio Tinto's titanium subsidiary to abandon a $4-billion expansion is now threatening hundreds of jobs at its Quebec plant.

IMF chief Lagarde named key witness in investigation of payoff to French business tycoon

PARIS - After two days of intense questioning from French magistrates, International Monetary Fund chief Christine Lagarde said Friday a court named her as a key witness in an investigation into a controversial payoff to an outspoken businessman that was arranged while she was France's finance minister - stopping short of charging her outright.

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