Airplane manufacturers are working to adapt jets to reduce the number of pilots needed for long-haul flights and to build new cockpits designed for a single aviator in order to ease a global pilot shortage and cut airline costs.
Category: Canada
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CP Rail second-quarter profit hurt by disruptions related to labour strife
Canadian Pacific Railway Ltd. says service interruptions related to labour negotiations and strike notices caused its net income to decrease 10 per cent in the second quarter despite higher revenues.
After crackdown on steel and aluminum, U.S. to review foreign uranium
The United States Department of Commerce will launch an investigation into imports of uranium, citing the same concerns about national security that it did before implementing tariffs on steel and aluminum.
Ford recalls 550,000 vehicles that can roll away unexpectedly
Ford is recalling about 550,000 cars and SUVs in North America to fix a gearshift problem that could cause the vehicles to roll away unexpectedly.
Federal Reserve boss tells Congress to get its house in order: Don Pittis
A strong U.S. economy means interest rate hikes will continue, but stern-faced Federal Reserve chair Jerome Powell says trade disputes, the opioid crisis, low education levels and wage stagnation remain dangers for the U.S. economy.
Twitter suspended 58 million accounts in fourth quarter
Twitter suspended at least 58 million user accounts in the final three months of 2017, according to data obtained by The Associated Press.
Moody’s upgrades credit rating outlook for Canada’s major banks
Rating agency Moody’s raised its credit ratings outlook on Canada’s major banks on Tuesday, just over 14 months after it lowered the ratings citing high debt levels and soaring house prices.
Netflix shares down 5% after streaming company has ‘hiccup’ in subscriber growth
Netflix stocks initially fell more than 14 per cent Tuesday after the company announced it added fewer subscribers in the second quarter than analysts were expecting. But analysts are calling the results a hiccup.
Owner of Las Vegas casino sues survivors of gun massacre
MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas.
CRTC investigating ‘possible misleading’ telco sales practices after first rejecting the idea
The CRTC has launched a public inquiry into “possible misleading or aggressive” sales practices used by telecom companies, a move the regulator flatly refused to make just six months ago.