After blast, railway goes bankrupt
BANGOR, Maine — A Maine-based railroad company whose oil train caused a fire and explosion that killed 47 people in a small town in Canada has filed for bankruptcy protection. The Montreal, Maine and Atlantic Railway Inc. filed for Chapter 11 bankruptcy protection on Wednesday. Company Chairman Ed Burkhardt had said a bankruptcy filing was likely following service disruptions because its rail line remains closed in Lac-Megantic, Quebec. The Hermon-based company also faces lawsuits and enormous cleanup costs following the July 6 derailment and disaster in Lac-Megantic. The train had 72 tankers full of crude oil and was unattended when it began rolling, eventually tearing into the town. Burkhardt blamed the train's operator for failing to set enough hand brakes.
Honda plans expansion in Ohio
DETROIT — Honda says it will spend $215 million to expand an engine plant and build two training centers in Ohio. The investment will add about 60 jobs in the state, although 50 of them will come from other Honda operations in North America. About $180 million will go to Honda's Anna, Ohio, engine plant to expand work on aluminum die casting and engine parts production. Money also will go a training center for the plant. Honda also plans a $35 million training center for auto assembly workers and engineers at its Marysville, Ohio, assembly plant. Honda says the building also will have office space and a heritage center to document Honda's North American history. Honda says it's invested nearly $2.7 billion in its North American operations during the last three years.
E-book publishers fight Apple penalty
NEW YORK — Publishers who have settled an electronic book pricing dispute with the federal government say they object to penalties the government wants to impose on Apple Inc. A judge ruled in an antitrust case last month that Cupertino, Calif.-based Apple had joined a conspiracy to drive up the price of e-books. The trial revealed e-book prices rose after Apple signed so-called agency agreements with publishers that took effect in 2010. In such agreements, publishers set prices for each title, rather than retailers. The publishers submitted papers Wednesday in federal court in New York that challenge the government's proposed remedy against Apple in the case. The government seeks to ban Apple from entering into agency agreements for five years. The publishers say that penalizes them, not Apple. The Justice Department did not immediately comment Wednesday.
Apple keeps losing sales to Android
NEW YORK — Research firm IDC says Apple's iPhone continued to lose market share to Android phones in the second quarter. IDC says the iPhone remains No. 2 behind Android, even without new Apple products driving purchases. Its market share is expected to grow again when a new iPhone comes out, likely this fall. In the April-June period, Android phones accounted for 79 percent of worldwide shipments, up from 69 percent a year ago. The number of Android phones shipped grew nearly 74 percent to 187 million. IDC says shipments of iPhones also grew, by 20 percent to 31 million. But market share fell to 13 percent from nearly 17 percent. Microsoft's Windows Phone was third in the second quarter, with a nearly 4 percent share, followed by BlackBerry, with almost 3 percent.