Business News

• Three more banks fail as FDIC seeks stronger rules for buyers of failed banks The Canadian Press - 23 minutes ago

  WASHINGTON - Three Illinois banks were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take over failed banks.

• Ford Canada leads June auto sales for first time in more than 50 years The Canadian Press - 1 hour, 33 minutes ago

  Ford (NYSE:F) drove its Canadian auto and light truck sales higher in June as most of its major competitors retreated, resulting in the company rising to the industry's top spot for the first time in decades.

• Rejection of Navistar offer leaves future of Chatham truck plant in doubt The Canadian Press - 1 hour, 34 minutes ago

  TORONTO - The future of the Navistar truck plant in Chatham, Ont., is in limbo following a rejection of the company's latest offer by members of the Canadian Auto Workers union.

• Air Canada's machinists union may vote again on contract to freeze wages The Canadian Press - 1 hour, 35 minutes ago

  MONTREAL - Air Canada (TSX:AC.B) and the union representing its mechanics and technical staff will meet Friday after workers narrowly rejected a key labour contract that freezes wages and gives the airline a break on pensions.

• GM left to wait as judge adjourns hearing without indicating ruling's timing The Canadian Press - 1 hour, 37 minutes ago

  NEW YORK - The judge in the General Motors Corp. bankruptcy case adjourned a three-day hearing without indicating when he will rule on the company's plan to sell its good assets to a new company.

More Business Stories

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• Amid outcry, Wash Post cancels paid policy dinners
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• Dollar rises as US jobs report rattles markets
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• Dollar gains as US jobs report rattles markets
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• Ford sales jump, rest of Canada auto sector slumps
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• TSX slides on weak oil, U.S. jobs data
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• GM bankruptcy exit hearing closes
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• U.S. marshals seize Madoffs' $7 million NY apartment
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• Flaherty says has no plans to add to stimulus
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• J&J buys $1 billion Elan stake, gains Alzheimer's R&D
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• Oil falls below US$67 a barrel as U.S. dollar gains on euro, unemployment rises
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• Globe and Mail union and management continue talks ahead of midnight deadline
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• Police probe new Canadian pipeline bombing
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• Oil prices slide under 67 dollars on weak US jobs report
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• Canada's recession losses to be long term: report
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• Siemens to pay $100 million to fight graft: World Bank
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Business News Archive