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Winnipeg Free Press - PRINT EDITION

Business watch

By: Staff Writer

Posted: 03/19/2013 1:00 AM | Comments: 0

Europeans fear cash grab

NICOSIA, Cyprus -- A plan to seize up to 10 per cent of people's savings in the small Mediterranean island nation of Cyprus sent shock waves across Europe on Monday as some households feared the money they have in the bank may not be safe.

A weekend agreement between Cyprus and its European partners called for the government to tax bank accounts as part of a $20.4-billion financial bailout, the first time in the eurozone's crisis that the prospect of tapping individuals' savings has been raised.

Facing outrage, Cypriot authorities delayed a parliamentary vote on the move and ordered banks to stay shut until Thursday while it tries to modify the deal to reduce the hit on people with small deposits.

News cuts hurting: report

NEW YORK -- Years of newsroom cuts have had a demonstrable impact on the quality of digital, newspaper and television news and in how consumers view that work, a study released Monday found.

Nearly one-third of consumers surveyed by the Pew Research Center's Project for Excellence in Journalism said they have abandoned a news outlet because it no longer gave them what they had counted on, either with fewer or less complete stories.

Pew's annual State of the News Media report delivered what has become a common litany of grim statistics. Television news viewership is down. Newsroom employment at newspapers is down 30 per cent since a peak in 2000.

Pipeline critics mobilize

MARTELL, Neb. -- With a sense of grim determination, a group of unlikely allies has begun gathering at kitchen tables, in churches and along fencerows here to plot what could be the final battle in the four-year conflict over the Keystone XL pipeline.

After months of quiet, a recent State Department report dismissing the ecological effects of the pipeline has cleared the way for a final decision on the plan for transporting oil extracted from the Alberta oilsands more than 2,700 kilometres to refineries on the Texas Gulf Coast.

An unusual coalition of environmentalists, property rights advocates and ranchers is now trying to find new ways to derail a project that, more than ever, seems to be headed for approval.

Burger King to add turkey

NEW YORK -- If you think a Whopper's too indulgent but are sick of chicken sandwiches, Burger King is offering a turkey burger.

The Miami company is rolling out the new sandwich this week as part of its limited-time offers for spring, marking the latest fast-food effort to cater to health-conscious diners. Last week, McDonald's said it plans to offer a lower-calorie version of its Egg McMuffin made with egg whites. The chain said the egg whites will be available for any other breakfast sandwich on its menu as well.

McDonald's and Wendy's said they have never offered a turkey burger, meaning Burger King would be the biggest fast-food chain to do so. But it's not the first. Sister chains Carl's Jr. and Hardee's launched a trio of turkey burgers in late 2010. They were so popular they're now a permanent part of the menus.

Problem with Challengers

DETROIT -- Chrysler is telling owners of about 2,500 Dodge Challenger muscle cars with V-6 engines not to drive them because a short in a wiring circuit can set them on fire.

Owners also are being told not to park the cars in a garage or near a structure until the problem can be fixed. The cars are from the 2013 model year and have V-6 engines. They were made during the eight weeks that ended Jan. 24.

-- from the news services

Republished from the Winnipeg Free Press print edition March 19, 2013 B6

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