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Winnipeg Free Press - PRINT EDITION
Business Watch
Westeel, FWS join forces
WINNIPEG'S Westeel has teamed up with the FWS Group of Companies, so FWS will build Westeel's commercial storage systems throughout Western Canada.
Westeel, a division of Vicwest Corp., makes steel storage products including farm and commercial storage solutions, as well as custom storage for the petroleum and industrial sectors.
Ryan Baldwin, an official at Westeel, said the agreement with FWS will enable Westeel to be a lot more active in large commercial agricultural processing developments.
"In the past, we had been left out of that market because we didn't have the right people to work with us," he said.
FWS has been involved in many of those projects and will use Westeel bins for them.
Baldwin said the industry is seeing more agri-food processing and manufacturing development across Western Canada as well as increasing capacity at elevators being built every year.
FWS makes slipform concrete storage and processing facilities within the agricultural, mining, food, and alternative energy markets as well as construction of offices, commercial spaces, and multi-family homes.
Malibu, G6, Saturn recall
TORONTO -- Transport Canada has issued a safety recall on 40,000 cars due to a potential problem with their automatic transmissions.
The recall affects 2008-10 Chevrolet Malibu and Pontiac G6 cars as well as 2007-2010 Saturn Auras.
The recall warns the shift cable locking tabs could break. If this occurs, the transmission may not be in the park position and may not match the gear position indicated by the shift lever. The driver would then be able to remove the key from the ignition, but the door locks may not unlock automatically and the park indicator would not be illuminated.
Dealers will install a shift cable retainer clip, or replace the shift cable.
CAW hopeful for contract
GENERAL Motors and Chrysler were still at the bargaining table Wednesday with the Canadian Auto Workers union, and analysts believe the union will be victorious in achieving similar deals to the one inked with Ford.
CAW president Ken Lewenza said he's optimistic the union will be able to reach agreements with GM Canada and Chrysler. On Tuesday night, he said there has been more progress at the table with GM.
"There are still a number of challenging issues to work through," he said.
Tablet sales ban continues
SAN JOSE, Calif. -- A federal judge has refused to rescind a court order banning Samsung Electronics from selling its Galaxy Tab 10.1 computer in the U.S.
The denial issued this week is part of a bitter battle pitting Samsung Electronics against Apple Inc. in a dispute over the mobile devices made by the two companies.
A jury last month awarded Apple $1.05 billion after concluding several Samsung smartphones infringed on Apple's iPhone patents. But the jury rejected Apple's allegations the Galaxy Tab 10.1 illegally copied the iPad.
Austerity ill-advised: CEO
TORONTO -- Austerity measures are not the best course for the United States, the head of U.S. financial giant Goldman Sachs Group Inc said Wednesday.
"You can't austere yourself into a higher GDP," Goldman Sachs chairman and CEO Lloyd Blankfein told a business crowd in Toronto.
"I'm all for implementing budget changes that accelerate over the long term, but in the short term I wouldn't take too much money away from people or cut back on a lot of expenditure programs."
It's also not the time for another stimulus package, he said, but the key for success in the near term will be a balance: holding off on austerity measures while not taking away "the punch bowl."
-- from staff, news services
Republished from the Winnipeg Free Press print edition September 20, 2012 B8
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