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US safety agency investigates complaints of alternator failures in Dodge Chargers

Jul 28, 2014 / 1:44 am

DETROIT - The U.S. government's road safety agency is investigating complaints about engine stalling and alternator failures in Dodge Charger sedans.The probe covers about 123,000 Chargers from the 2011 and 2012 model years.The National Highway Traffic Safety Administration says it has 14...

US safety agency probes Hyundai Sonatas; electrical problem can cause air bag failure

Jul 28, 2014 / 1:44 am

DETROIT - U.S. safety regulators are investigating whether an electrical problem can knock out the air bags on some older Hyundai Sonatas.The probe announced Friday covers about 394,000 midsize cars from the 2006 through 2008 model years.The National Highway Traffic Safety Administration says it...

Canadian dollar lower amid strong U.S. durable goods data, geopolitical concerns

Jul 28, 2014 / 1:44 am

TORONTO - The Canadian dollar closed lower Friday while the greenback strengthened amid geopolitical concerns and data showing a rebound in U.S. durable goods orders.The loonie fell 0.6 of a cent to 92.47 cents US as orders in the U.S. for durable goods, such as machinery, computers and related...

Toronto stock market advances, up for week amid strong earnings reports

Jul 28, 2014 / 1:44 am

TORONTO - Gold stocks and financials helped give the Toronto stock market a lift Friday amid a rebound for U.S. durable goods orders and gold prices.The S&P/TSX composite index gained 60.59 points to finish at a record high close of 15,455.04.The gold sector was ahead about 3.3 per cent as the...

Most actively traded companies on the TSX, TSX Venture Exchange

Jul 28, 2014 / 1:44 am

Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (15,445.04, up 60.59 points):Chinook Energy Inc. (TSX:CKE). Oil and gas. Up 12 cents, or 5.43 per cent, to $2.33 on 16.7 million shares.Talisman Energy Inc. (TSX:TLM)....

Comic-Con attendees get first look at 'Mockingjay' trailer, 'Hunger Games' capitol experience

Jul 28, 2014 / 1:44 am

SAN DIEGO - The trailer for the next film in the popular "Hunger Games" series is making its premiere at Comic-Con.Fans gathered Friday at the Capitol Gallery in downtown San Diego, where holographic versions of two characters from the film offered visitors a silent welcome before the minute-long...

California state senator Yee charged with racketeering in San Francisco Chinatown crime probe

Jul 28, 2014 / 1:44 am

SAN FRANCISCO - A federal grand jury on Friday charged a California state senator with more felonies in addition to the eight counts he already faced in a sweeping organized crime and public corruption case centred in San Francisco's Chinatown.A new indictment unsealed in San Francisco federal...

Nissan recalls more than 220,000 vehicles over faulty air bag, bringing total recall to 664K

Jul 28, 2014 / 1:44 am

NEW YORK, N.Y. - Nissan is recalling more than 226,000 additional vehicles over a defective air bag that has affected much of the global auto industry.The National Highway Traffic Safety Administration said Saturday that Nissan North America Inc. is recalling certain lines of its Infiniti, Maxima,...

25 years later, Loblaw still pushes going green to the price-savvy shopper

Jul 28, 2014 / 1:44 am

TORONTO - When Loblaw (TSX:L) decided to start selling environment-friendly products 25 years ago, the word green had barely evolved from being a colour description.The grocery giant was the first major Canadian retailer to showcase a line of green-branded products and wasn't completely confident...

Canada's trucking sector may face 'inflection point' in 2015, say observers

Jul 28, 2014 / 1:44 am

MONTREAL - High personal debt levels and rising taxes in Ontario and Quebec are constraining Canadian economic growth needed to support a recovery of the trucking sector, says the chief executive officer of TransForce, the country's largest trucking company.Alain Bedard also said the industry was...

Investors confront busy week for Canadian corporate earnings, key U.S. data

Jul 28, 2014 / 1:44 am

TORONTO - Traders will have plenty to occupy themselves this week as major players in the Canadian gold mining and energy sectors — the two biggest advancers on the Toronto stock market so far this year — are set to report second-quarter results.The energy sector is ahead about 19 per...

Majority say health will be biggest retirement expense: BMO poll

Jul 28, 2014 / 1:44 am

TORONTO - A new poll suggests that health and medical costs are the biggest financial worry for Canadians later in life.The Bank of Montreal report, titled "Living to 100: The Four Keys to Longevity," found that 74 per cent of those recently polled foresee medical costs as their biggest expense in...

San Diego comic-book convention threatens legal action against Salt Lake City gathering

Jul 28, 2014 / 1:44 am

SALT LAKE CITY - Organizers of two of the biggest comic-book conventions in the country are clashing over their names.A lawyer for San Diego Comic-Con has issued a cease-and-desist letter to organizers of Utah's Salt Lake Comic Con demanding them to drop "Comic Con" from the name."Attendees,...

Former majority shareholder of Yukos oil company says Russia ordered to pay over $50 billion

Jul 28, 2014 / 1:44 am

LONDON - The former majority shareholder in oil producer Yukos says it has won in excess of $50 billion in a court ruling against Russia for the expropriation of the company.One of the largest arbitration cases ever, the claim was filed by a subsidiary for GML Ltd., formerly Group Menetap Ltd., a...

TransForce to create 'dominant' trucking company with $495M deal for Contrans

Jul 28, 2014 / 1:06 am

MONTREAL - Canada's largest trucking company, TransForce Inc., is set to become a national powerhouse in the specialized trucking business with a proposed friendly takeover of Ontario-based Contrans Group.Contrans provides bulk, tank, flatbed and other transportation services in Canada and parts of...

National Energy Board orders Enbridge to cease work on pipeline in Manitoba

Jul 27, 2014 / 4:44 pm

CALGARY - The National Energy Board has ordered Enbridge Inc. to stop work along its Line 3 oil pipeline in Manitoba after an inspection earlier this month revealed numerous environmental and safety concerns. Line 3 has been carrying crude between Alberta and Wisconsin for nearly half a century....

Actor-director Ron Howard sells suburban New York house for a record $27.5 million

Jul 27, 2014 / 8:30 am

ARMONK, N.Y. - Now that they're empty-nesters, Ron Howard and his wife have sold their nest straddling the New York and Connecticut state line for $27.5 million.Howard and his wife, Cheryl, bought the Conyers Farm estate in Greenwich, Connecticut, and Armonk, New York, in 1991 and spent years...

Ontario's 75 utilities hinder rise of electric cars: experts

Jul 27, 2014 / 7:02 am

Ontario's overabundance of utility firms may pose a major roadblock to the province's plan to boost electric car ownership, some experts say.The experts say Ontario's 75 independently operated utilities often overlap their efforts and breed inefficiency, holding back upgrades needed so the grid can...

Harper government shies away from report Germany to reject EU-Canada trade deal

Jul 26, 2014 / 11:50 am

MONTREAL - The Harper government isn't responding directly to a report that Germany is set to reject Canada's long sought after trade deal between Canada and the European Union.The leading German newspaper Sueddeutsche Zeitung cites diplomats in Brussels as saying Berlin won't sign the deal in its...

Settlement reached in a key dispute in Nortel Networks bankruptcy case

Jul 26, 2014 / 11:32 am

TORONTO - A last-minute settlement was reached Thursday in a key dispute in the Nortel Networks Ltd. bankruptcy case — over how much interest should be paid on Nortel’s outstanding bonds, according to documents filed in U.S. court.The settlement, which will see U.S. bond holders...

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Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...

Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...

Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...


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