Monday, June 4, 2012

Chrysler agrees to recall 2.7 million Jeeps that could be at risk of fuel tank fires, after initially refusing a US government request to do so. […]

Deloitte is suspended for one year from doing consulting work in New York after regulators criticised its work at Standard Chartered on anti-money laundering issues. […]

The rate of consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, the Office for National Statistics (ONS) has said. […]

Ministers say agreements reached with internet firms will lead to a "fundamental change" in how images of child abuse are dealt with online. […]

Leaders of the G8 major economies agree plan to clamp down on money launderers, illegal tax evaders and corporate tax avoiders. […]

The president of the European Commission, Jose Manuel Barroso, has told the BBC that the proposed trade deal between the US and the EU would create jobs, but may take up to two years to negotiate. […]

New car sales across Europe fell to their lowest level in two decades in May as the deepening recession hurt demand. […]

Thousands of people march through Brazil's largest city, Sao Paulo, over rising public transport prices and the cost of staging the 2014 World Cup. […]

A former stunt double for Angelina Jolie sues News Corp in the US, accusing the company of hacking into her phone to gain information about the star. […]

Huawei unveils the world's slimmest smartphone saying the handset will work "miracles" for its brand. […]

Success stories make it seem like crowdfunding websites drop cash from the heavens on to any deserving idea. But regulators and big banks are now taking a closer look at the controversial new field, Dianne Buckner writes. […]

Business jets dominated the aircraft orders announced by Bombardier on Tuesday, the second day of the Paris Air Show, accounting for most of the nearly $2 billion US worth of business that the Montreal-based company has done at the show — if all options are exercised. […]

At least two groups of American hedge funds have bought large chunks of Tim Hortons shares recently, a sign the activist investors want to push the company to make major changes to its business, or possibly give up some control over the company. […]

ING Direct has launched a new feature of its mobile app that allows its customers to remotely deposit cheques into their bank account using a smartphone or tablet. […]

Hudson's Bay Company shook up its management team Tuesday, moving president Bonnie Brooks upstairs to the vice-chair's role and tapping the company's chief merchant, Liz Rodbell, to take over the president's job. […]

Former Bank of America employees say in court documents that the bank routinely lies to customers about mortgages, and denies customer requests for modifications without even looking at the paperwork. The North Carolina-based bank denies the allegations. […]

The U.S. manufacturer of the oft-maligned F-35 has signed a deal with a leading Canadian maker of flight simulators in anticipation of the Harper government choosing to stick with the controversial stealth fighter program. […]

U.S. consumer prices rose slightly in May as higher energy costs were partly offset by cheaper food. The small increase underscores that inflation is mild. […]

The pay is laughable by Western standards, and the shantytowns of Dhaka offer a difficult life. But the surge of mostly young women into the country's increasingly important clothing industry is having a profound change on this largely Islamic society, Margaret Evans writes. […]

House sales in most parts of the country will decline this year but rebound next year while prices continue to rise, reaching an average of $377,700 in 2014, according to the latest forecast by the Canadian Real Estate Association, released Monday. […]

The Conference Board of Canada says uncertainty over new pipeline projects poses a threat to Canadian companies that provide services to oil and gas producers. […]

More than 175,000 construction workers in Quebec are on strike. The provincial government recommends negotiation and says it does not plan to implement back-to-work legislation. […]

The Alberta Securities Commission has issued a cease trade order against Papa Chocolat, the 2½-year-old business of well-known Calgary chocolatier Bernard Callebaut. […]

Sales at Ontario liquor stores were up 3.9 per cent to $4.9 billion in the 2012-2013 fiscal year and yielded a record $1.7 billion dividend for the provincial government, the LCBO said Monday. […]

An Ontario man has been handed a fine of nearly $1 million and a prison sentence of more than seven years after he filed falsified tax returns for five straight years and netted millions in refunds he shouldn't have received. […]