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Big New Flyer shipment

WINNIPEG bus-maker New Flyer Industries will ship another 19 diesel-powered Xcelsior buses to the Rochester-Genesee Regional Transportation Authority (RGRTA) in New York state.

The 19, 40-foot buses are exercised options from a five-year, 129-bus contract with RGRTA that was signed in November 2012.

Once these options are exercised, 77 options remain under the contract and are included in New Flyer's backlog.

New Flyer has delivered 126 buses to RGRTA since 1999. The upstate New York transit authority has a fleet of 405 active buses.

The new buses will be used to replace older ones in the fleet that have reached the end of their lifespan.

The 19 buses are in production and will be delivered in the first quarter of 2014.

 

Loehmann's is finished

NEW YORK -- Discount retailer Loehmann's has filed for bankruptcy protection for the third time and plans to liquidate its business.

Loehmann's Holdings Inc. on Sunday filed for Chapter 11 bankruptcy protection in U.S. federal bankruptcy court in Manhattan. It indicated in filings it plans to sell its remaining assets in an auction subject to the court's approval.

The New York-based retailer, which has 39 stores and its online operations, said in a statement its business was undermined by increased competition in the off-price retail niche and limited access to capital.

Loehmann's traces its roots to 1921, when Frieda Loehmann opened the retailer's original store in Brooklyn. It is known for its "Back Room," where bargain shoppers search for designer clothes on the cheap.

The company filed for bankruptcy protection in 2010 due to overwhelming debt and emerged in 2011. It also filed for Chapter 11 reorganization in 1999, emerging in 2000 after closing 25 stores.

 

Google dominance probed

SAN FRANCISCO -- Government regulators in Canada are poised to open a formal investigation into whether Google is abusing its dominance of the Internet search market to stifle competition and drive up digital advertising prices.

Canada's Competition Bureau indicated in a filing made in an Ottawa Federal Court last week that it suspects that Google Inc. has been breaking the country's antitrust laws. Regulators are seeking a court order that would require Google's Canadian subsidiary to furnish antitrust investigators with internal company records.

 

-- from staff, the news services

Republished from the Winnipeg Free Press print edition December 17, 2013 B4

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