5 Things To Know Today
Search called off overnight, 150 people presumed dead after Germanwings airliner crashes in French Alps. Heinz Co. announcing its buying Kraft Foods Group Inc. John Tory meeting with Montreal mayor today. Privacy commissioner calling for prosecution over Ford’s healthcare privacy breach. Craft brewers looking for the own stores in Ontario. *Lisi trial to pick up today following illness.*
BLACK BOX RECOVERED FROM GERMANWINGS AIRBUS CRASH
One of the two black boxes has been recovered from the crash site of a Germanwings airbus. It’s badly damaged but investigators believe its data will be salvageable. the recovery effort is in full swing but very slow going because of the rough terrain. All 150 people on board, including 16 students on an exchange trip died when the jet crashed in southeastern France, while en route from Barcelona to Dusseldorf. Recovery teams have suspended the search for the bodies of 150 people who are presumed dead after their Germanwings flight crashed in the southern French Alps.
HEINZ CO. ANNOUNCING IT’S BUYING KRAFT FOODS GROUP INC.
H.J. Heinz Co. is announcing Wednesday that its buying Kraft Foods Group Inc., creating the third-largest food and beverage company in North America. The deal was executed by Brazilian investment firm 3G Capital, Heinz’ owner, and Berkshire Hathaway, owned by billionaire investor Warren Buffett. Heinz Shareholders will own 51 percent of the combined company, with Kraft shareholders owning a 49 per cent stake. Kraft shareholders will also receive stock in the combined company and a special cash dividend of approximately $10 billion/$16.50 per share. Boards from both companies have unanimously approved the deal, targeted to close in the second half of the year. However, it’s still pending approval from Kraft shareholders. The combined brands will include Kraft, Heinz, Oscar Mayer, Classico Sauces, Cool Whip and Cheez Whiz.
TORY MEETING WITH MONTREAL MAYOR TODAY
Mayor John Tory will be holding a joint press conference with Montreal Mayor Denis Coderre today. The presser will be at 8am at City Hall before the two head into an executive committee meeting. It’s the first official meeting of its kind between the two mayors, according to Coderre’s office. Coderre never made the trip to city hall during the Rob Ford years. In February 2014, he refused to shake Ford’s hand at the annual big city mayors meeting. Tory’s office hasn’t released what the meeting is about, but according to the Toronto Sun, Coderre will be speaking about “how a new alliance between Canada’s two largest cities can benefit business and change the face of Canadian politics.” Later Wednesday, Tory will be meeting with the executive committee to discuss the possibility of allowing public consultations on expanded gaming, particularly with Woodbine Racetrack.
PRIVACY COMMISSIONER WANTS PROSECUTION OVER FORD’S HEALTHCARE PRIVACY BREACH
After former mayor Rob Ford’s medical records were allegedly inappropriately accessed by two healthcare workers, Ontario’s privacy commissioner says justice should be served. According to the Toronto Star, the commissioner is calling for the accused workers to face prosecution. The university health network employees are currently not facing any charges. Ford’s records were breached four times in at least three hospitals in Toronto. If convicted, it would be the first successful prosecution under Ontario’s health privacy law, which has been in place for over a decade. The conviction carries a fine up to $50,000. The controversial former mayor was diagnosed with cancer last September, prompting him to withdraw from the 2014 mayoral election.
CRAFT BREWERS LOOKING FOR THE OWN STORES
Ontario’s Craft Brewers Association says they want its members to be allowed to open at least one beer store each – and the province is listening. The idea was discussed on Tuesday, when Premier Kathleen Wynne said, “I want to move towards a more rational and fair system, and one that improves convenience… craft breweries [need] to have more access to the market, I’m not closing the door on any of those things.” Right now, craft brewers can only sell their product on brewery grounds or at the Beer Store and LCBO locations. According to the OCB, allowing brewers to open their own stores would create over 1,000 jobs. Statistics Canada says the market share owned by craft breweries increased between 2004-2014 by 6%. The province is currently reviewing and the methods of alcohol sales in Ontario, including the possibility ofallowing alcohol sales at large grocery stores. The Ministry of Finance hasn’t commented on any of the possible changes, but details are expected to be released in this years budget. The lobby group says its market share could double, or possibly triple, if consumer access is improved.
After being postponed due to illness, the trial for friend of former Toronto mayor Rob Ford, Alexander “Sandro” Lisi is expected to begin today. Tuesday’s hearing was cancelled after Lisi didn’t show up, prompting an early end of the day. However, one of four counts were withdrawn, and they’ve been suggested to drop another: possession of marijuana. The Crown is expected to start presenting evidence. Lisi and co-accused Ramshid Bahrami were charged in October 2013 following an investigation into a video that allegedly showed Rob Ford smoking crack cocaine. Both men are facing charges of trafficking possessing the proceeds of crime. Lisi is also facing extortion charges.