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Business Latest News: Honeywell Asked to Join UK Dreamliner Fire Probe: AAIB

Wochit 1:07 mins

Britain's Air Accident Investigation Branch said U.S. conglomerate Honeywell has been invited to join the investigation into the fire that broke out aboard one of Boeing's 787 Dreamliner jets. The bid by Loblaw for Shoppers, Canada's largest grocer for its largest pharmacy chain is just the latest move by the Weston family, Canada's second-richest clan, to expand a food and clothing empire that began 131 years ago with a Toronto bread factory. The $12.4 billion friendly bid shows that the Weston family won't let foreign competition dominate Canadian retailing without a fight. Fed Governor Daniel Tarullo questioned the latest congressional plan to break up big banks, saying it is unclear whether such a move would prevent the next financial crisis. Tarullo, who has been the agency's point man on financial regulation, said regulators should instead crack down on short-term funding methods that leave banks susceptible to runs.

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