Your Business

Google to build a self driving car prototype with no steering wheel; will not be sold publicly

LOS ANGELES – Google will build a car without a steering wheel. It doesn’t need one because it drives itself. The two-seater won’t be sold publicly, but Google said Tuesday it hopes by this time next year, 100 prototypes will be on public roads. Though not driving very quickly – the top speed would be […]

By Canadian Underwriter | May 28, 2014

2 min read

Off Track

Whether or not federally regulated railway operators should have a specific dollar value of liability insurance limits are among the issues now being explored as part of a public consultation. Stakeholders are also being asked if railway companies should be required to notify their insurer of changes that could mean coverage is no longer adequate.

By Greg Meckbach, Associate Editor | November 30, 2013

6 min read

CN defends safety record in face of three train derailments within a month

GAINFORD, Alta. – CN Rail is defending its safety record after three high-profile derailments involving trains carrying hazardous materials within the space of a month while apologizing for the latest mishap. Thirteen cars on a CN (TSX:CNR) freight train carrying a cargo of oil and liquefied petroleum gas went off the rails near the tiny […]

By The Canadian Press | October 20, 2013

4 min read

Fairfax Financial consortium signs US$4.7 billion deal to buy BlackBerry

TORONTO – BlackBerry Ltd. has signed a deal to be bought by a consortium led by its largest shareholder in a deal valued at U$4.7 billion, the companies announced Monday. The consortium led by Fairfax Financial Holdings. Ltd., a Canadian investment firm primarily focused on the insurance industry, has offered US$9 per share in cash […]

By The Canadian Press | September 23, 2013

3 min read