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Royal Bank releases supplier code of conduct after outsourcing backlash

TORONTO - The Royal Bank (TSX:RY), which faced fierce backlash earlier this year over an outsourcing arrangement with a supplier that used temporary foreign workers, said Friday it won't send work offshore just to save on salaries. The bank, which released a new supplier code of conduct, said it will only send work to offshore suppliers when their scale, technology or knowledge provides capabilities the bank cannot duplicate.

US orders for durable goods rise 3.3 per cent in April, helped by gain in business investment

WASHINGTON - U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring. Orders for durable goods, items expected to last at least three years, rose 3.3 per cent last month from March, the Commerce Department said Friday. That followed a 5.9 decline in March. A measure of business investment plans increased 1.2 per cent. And the government revised the March figure to show a 0.9 per cent gain, instead of a slight decrease.

Wis. farmers, firefighters work together on digital maps warning first responders of dangers

MILWAUKEE - Without even thinking, Joe Ortner rattles off a list of items on his family's dairy farm that could kill you: 1,000 gallons of diesel, 500 gallons of gas, cleaning chemicals in the milking parlour, oil and lubricant for repair work and a 6-foot-deep manure pond in which you could drown. He pauses and adds three bulls to the list.

Rights group urges UAE not to deport strikers

Human Rights Watch on Saturday urged the United Arab Emirates not to deport migrant building workers for staging a rare strike to demand better pay and conditions. "It would be scandalous if the UAE deported workers who have taken a courageous stand for their basic rights," HRW Middle East director Sarah Leah Whitson said in a statement. The New York-based group cited media reports claiming authorities in the UAE had slapped deportation orders on 43 migrants who joined a strike by workers at the Arabtec construction giant.

Iceland's new PM rejects EU, but embraces EU economic goals

By Jon Thor Viglundsson REYKJAVIK (Reuters) - Iceland must find stability by aiming for the same economic goals as those set for European Union states, even though it is skeptical about joining the EU and will keep its own currency, the new prime minister said. Iceland is still recovering from the collapse of its top three banks in late 2008 and although growth has returned, many Icelanders are disappointed at what they see as a slow recovery.

Actress Amanda Bynes denies bong-throwing charges

By Chris Francescani NEW YORK (Reuters) - American actress Amanda Bynes appeared in court on Friday and denied charges of possessing marijuana and tossing a bong out of the window of her 36th-floor Manhattan apartment. The former Nickelodeon child star, who appeared in court dressed in gray sweatpants, a long-sleeved black shirt and a disheveled platinum blonde wig, was released on her own recognizance after spending a night in jail after her arrest on Thursday.

Tiger Global invests $50 million in Automattic's WordPress

By Sarah McBride SAN FRANCISCO (Reuters) - Automattic, the company that operates blogging service WordPress, announced a $50 million investment from hedge fund Tiger Global on Friday. The investment comes on the heels of Yahoo's $1.1 billion acquisition of blogging company Tumblr, showing the high prices fast-growing services that targeting Internet users can command. The valuation for WordPress was similar, Fortune reported. A spokeswoman for WordPress declined to comment.

Column: What war on the press?

By Jack Shafer (Reuters) - President Barack Obama has declared war on the press, say writers at Slate, the Daily Beast, Reason, the Washington Post (Jennifer Rubin, Dana Milbank and Leonard Downie Jr.), Commentary, National Journal (Ron Fournier), the New York Times editorial page, CBS News, Fox News (Roger Ailes) and even Techdirt. Scores of other scribes and commentators have filed similar dispatches about this or that federal prosecution "chilling" the press and pulping the First Amendment.

Bausch & Lomb's Ista pleads guilty over kickbacks

By Jonathan Stempel (Reuters) - Ista Pharmaceuticals Inc <WPRISI.UL> pleaded guilty on Friday to charges it used kickbacks and improper marketing to boost sales of a drug meant to treat eye pain and agreed to pay $33.5 million to settle criminal and civil liability, the U.S. Department of Justice said.

Hyundai resumes weekend production at local assembly lines

ULSAN, South Korea, April 25 (Yonhap) -- Hyundai Motor Co., South Korea's largest carmaker, resumed weekend production at some of its assembly lines on Saturday, a move that could help the company make up for production shortfalls and resolve unfilled orders. The resumption marked the first time Hyundai employees returned to the assembly lines in Ulsan for weekend work since March 4 when the carmaker ended its decades-long practice of running a graveyard shift.
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