SCOC to hear food recall class action by Mr Sub franchisees against

OTTAWA — The Supreme Court of Canada will hear a case on whether a distributor is responsible for a franchisee’s losses during a food recall.The top court has granted an application for leave to appeal by a class-action lawsuit representing Mr. Submarine Inc. franchisees against Maple Leaf Foods Inc. and Maple Leaf Consumer Foods Inc.The case started after a 2008 recall when Toronto-based Maple Leaf pulled roughly 200 products due to a deadly listeria outbreak caused by contamination at one of its plants.The franchisees say that they were bound by an exclusive supply arrangement to purchase ready-to-eat meats through Maple Leaf from a distributor and dealt with a six- to eight-week product shortages, as well as reputational injury and product losses.The Ontario Court of Appeal ruled in favour of Maple Leaf in April 2018 that the duty to supply a product fit for human consumption is to the customers and not the franchisees.Peter Kryworuk, a lawyer for the franchisees, said he was pleased by the top court’s decision to hear the appeal and that he expected the case will be heard later this year.The counsel listed for Maple Leaf Foods did not immediately responded to a request for comment. Companies in this story: (TSX:MFI) The Canadian Press read more

Markets update at midmorning

On the markets at midmorning (ET):The Toronto Stock Exchange’s S&P/TSX composite index was up 15.53 points to 14,967.41, after 90 minutes of trading.In New York, the Dow Jones industrial average was up 131.34 points to 21,835.09. The S&P 500 index up 16.25 points to 2,444.62 and the Nasdaq composite index was up 63.10 points to 6,276.23.The Canadian dollar was trading at 79.73 cents US, up from Monday’s average price of 79.52 cents US.The October crude contract was up 42 cents to US$47.95 per barrel and the September natural gas contract was down two cents to US$2.94 per mmBTU.The December gold contract was down $5.50 to US$1,291.20 an ounce and the September copper contract was unchanged at US$2.98 a pound. read more

Sony uses movie studio to press advantage in ultrahigh definition TV with

Sony uses movie studio to press advantage in ultra-high definition TV with first 4K content by Ryan Nakashima, The Associated Press Posted Jan 8, 2013 12:24 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email LAS VEGAS, Nev. – Sony Corp. is finally pressing its advantage as a conglomerate that owns both high-tech gadgets and the content that plays on them by being the only electronics maker to offer ultra-HD TVs — and a way to get movies to the new super clear screens.Ultra-high definition TVs, which quadruple the number of pixels of current high definition technology, have been the talk of the International CES gadget show so far. But only Sony has offered a content solution to go with them.With the 84-inch (213-centimetre) ultra-HD set it launched in November, Sony threw in a tablet and computer server that has 10 movies preloaded on the device — for $25,000. The movies came from the library of Sony Pictures or its subsidiary Columbia Pictures, like “The Amazing Spider-Man” and “The Karate Kid.”On Monday, Sony unveiled 55-inch (140-centimetre) and 65-inch (165.-centimetre) ultra-HD sets that will sell this spring for an undisclosed price believed to be below $10,000. The Japanese electronics maker said it would launch a download service this summer in the U.S. so buyers of the smaller sets would have access to movies in the clearer format.For now, it will offer the same 10 movies from its library for download.After unveiling the service, Sony CEO Kazuo Hirai told reporters that the ultra-HD movies could be made available to other makers like Samsung or LG later. The company is eyeing co-ordination with other movie studios, but not immediately.“That’s a key differentiator from a Sony perspective that really speaks to the advantage of what we have in terms of both the electronics business and the content business,” he said. “For the time being, that’s something we bring exclusively to our customers.”Sony is betting big on ultra-HD, and is a leading supplier of high-end cameras that shoot in the format, which renders moving images at a resolution of 3,840 pixels wide and 2,160 pixels tall. That is twice the length and width of high definition, resulting in four times as many pixels, or more than 8 million.The company also makes projectors that show movies in so-called 4K, and Hirai said that anyone who has been to the movies lately has probably experienced it firsthand without realizing it.Getting these higher resolution files to home televisions is no small matter. A Blu-ray disc format has not been created yet and broadcasters are years away from offering TV signals at the higher resolution.Sony representatives said that buyers of its 55-inch (140-centimetre) and 65-inch (165-centimetre) TVs may be asked to buy an ultra-HD server separately, although a final decision hadn’t been made. It is also unclear how much downloadable movies will cost.The company said it would offer Blu-ray discs that are mastered in 4K but compressed to fit on a current Blu-ray disc. The TV’s embedded technology presents the compressed movie at close to 4K resolution, but not quite as good as when they are played from the 4K media player.But with all new technologies, there were glitches.Hirai had an embarrassing moment Monday when he introduced the world’s first ultra-HD TV using organic light-emitting diodes (OLED), only to see the screen go blank as the computer running it had an error.“This revolutionary TV combines the world’s largest OLED display with dazzling 4K resolution, including this beautiful … interface screen,” he said, then turned to see a blank screen as chuckles rippled through the crowd.Later, Hirai looked back at the 56-inch (142-centimetre) display only to see the error continue.“Excellent,” he said.A Sony staffer rolled the TV further away and Hirai carried on his presentation. He later appeared to be good-natured with journalists.Hirai said the ultra-HD OLED set is a prototype and didn’t announce price or availability.In the Sony booth after the presentation, other ultra-HD OLED screens played without a problem. read more