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Global Markets: BP Canada to resume drilling

By Dave Sims, Commodity News Service Canada

WINNIPEG, July 23 (CNS) – A major drilling project on
Canada’s east coast has been given the go-ahead to resume
operations just a month after spilling thousands of litres of
oil into the ocean. The incident occurred in June and sparked an
investigation into the incident. Nova Scotia’s Offshore
Petroleum Board said it gave the owner of the drilling rig, BP
Canada, permission to resume drilling on Sunday. It said the
company has put new measures in place to guard against another

Fiat Chrysler has a new face behind the wheel. Mike Manley,
who had been heading up Jeep and Ram, will now take over the
Italian/American car marker. He takes over from Sergio
Marchionne who was forced to step aside for health reasons.
Beleaguered pizza maker Papa John’s International continues
to flounder financially. Shares of the company fell eight per
cent after the chain said it would take measures to ensure that
its founder, John Schnatter, didn’t buy a larger stake in the
company. Schmatter resigned last year after he was found to have
used an ethnic slur in a meeting.

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