TORONTO/WASHINGTON, Jan 9 (Reuters) – Political pressure to
quickly improve the safety of crude oil rail shipments
intensified in Washington on Thursday, while Canadian officials
said two of the cars involved in the latest fiery derailment
were of an older variety long faulted by regulators.
After two more dramatic oil-train incidents in just two
weeks, several U.S. lawmakers urged swift measures from
Transportation Secretary Anthony Foxx, who in turn promised that
tougher federal standards for tank cars would come “in weeks,
not months,” according to North Dakota’s Republican Senator John
TORONTO/OTTAWA Jan 9 (Reuters) – A Canadian investigator
said Thursday he has information that some of the tanker cars in
a Canadian National Railway train that derailed and
caught fire this week were DOT-111s, a model involved in a
series of crude-by-rail accidents.
It was not clear whether the cars were older models of the
DOT-111s, which do not meet stricter safety standards introduced
TORONTO, Jan 8 (Reuters) – A Canadian National Railway
train carrying crude oil and propane derailed and
caught fire after the emergency brakes were activated, the
Transportation Safety Board (TSB) of Canada said on Wednesday.
TSB spokesman John Cottreau said the derailment late on
Tuesday included propane tankers, crude tankers, a locomotive
and hopper cars, but said it was not clear whether the cars were
full at the time of the crash.
Jan 7 (Reuters) – A train carrying propane and crude oil has
derailed in northwest New Brunswick, Canada, causing a fire and
the evacuation of local residents but there were no reports of
injuries, according to local officials and the railroad.
The Canadian National Railway train, which carried
“dangerous goods” including propane and crude oil, derailed near
the village of Plaster Rock at about 7 p.m. local time (2300
GMT), according to Jim Feeny, director of public and government
affairs at CN. An unknown number of cars were involved.
TORONTO (Reuters) – Lululemon Athletica Inc (LULU.O: Quote, Profile, Research) warned on Thursday that fewer customers visiting its stores and ongoing supply chain issues are hitting sales in the crucial fourth quarter, news that sent shares of the trendy Canadian yogawear chain tumbling.
The company, which was hit by an embarrassing recall in March when some of its signature black pants proved too see-through, said sames-store sales would be flat and lowered its full-year outlook, raising concern about whether momentum at the once-hot retailer is fading.
TORONTO (Reuters) – Lululemon Athletica Inc (LULU.O: Quote, Profile, Research, Stock Buzz) warned on Thursday it expects flat same-store sales in the crucial fourth quarter due to “macro and execution issues” and cut its full-year outlook, sending shares of the trendy Canadian yogawear chain tumbling.
The warning came even as the retailer, which was hit by an embarrassing recall in March when some of its signature black pants proved too see-through, reported third-quarter earnings that beat expectations.
TORONTO, Dec 12 (Reuters) – Lululemon Athletica Inc
warned on Thursday it expects flat same-store sales in the
crucial fourth quarter due to “macro and execution issues” and
cut its full-year outlook, sending shares of the trendy Canadian
yogawear chain tumbling.
The warning came even as the retailer, which was hit by an
embarrassing recall in March when some of its signature black
pants proved too see-through, reported third-quarter earnings
that beat expectations.
Dec 11 (Reuters) – Hudson’s Bay Co cut its 2013
outlook on Wednesday on expectations of heavier holiday
discounting and as overall sales were weaker than expected in
the third quarter, depressing the retailer’s stock 5 percent.
The company, which completed its $2.4 billion purchase of
U.S. luxury chain Saks Inc last month, reported a wider net loss
primarily due to costs related to the acquisition.
(Reuters) – Lululemon Athletica Inc (LULU.O: Quote, Profile, Research, Stock Buzz) named a new chief executive on Tuesday, and said founder Chip Wilson will step down as chairman, as the upscale yogawear retailer tries to go global and put a series of embarrassing quality issues and other gaffes behind it.
Lululemon said Laurent Potdevin, most recently president of trendy footwear brand TOMS Shoes, will replace Christine Day as CEO in January, and emphasized his role leading TOMS global expansion.
TORONTO, Dec 10 (Reuters) – Canadian companies are planning
to hire at a slightly faster pace in the first quarter of 2014
than in the current quarter, according to data released on
Tuesday that also showed construction remained the most robust
industry among those surveyed.
ManpowerGroup Inc, the world’s No. 3 staffing
company, found in its latest quarterly national survey of more
than 1,900 employers that 13 percent planned to increase their
payrolls next quarter, while 8 percent expected to make staffing