1.
Drones over U.S. may pose security risks
FREDERICTON, New Brunswick, Oct. 29 (UPI) -- The province of Quebec is poised to spend $10 billion to buy out most of New Brunswick's electric utility, the St. John Telegraph-Journal reported Thursday.
The deal would erase the New Brunswick utility's $4.8 billion debt and open the doors for Quebec to export electricity to northeastern U.S. states, the newspaper said.
The premiers of both Canadian provinces were scheduled to sign a memorandum of understanding in Fredericton, New Brunswick, Thursday.
The deal has to be approved by New Brunswick's provincial legislature and if passed, won't take effect until next year, the newspaper said.
While some political dissent is expected, the deal will likely face popular support in New Brunswick as it guarantees no increases in electricity prices for five years and a reduction in industrial rates.
| Additional Business News Stories | |
WASHINGTON, Feb. 10 (UPI) --
The White House needs to come clean on bankrupt solar energy company Solyndra to ensure such "gross incompetence" won't happen again, a lawmaker said.
|
ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
|
With rental vacancy rates at their lowest levels in 10 years, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011....
|
Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
|
| Stories | Photos | People | Comments |
View Caption
