Business News

Tim Hortons being circled by Wall Street hedge funds

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.

Chrysler agrees to recall 2.9 million Jeep SUVs in U.S., Canada

Chrysler avoided a showdown with U.S. government safety regulators Tuesday, agreeing to recall 2.7 million older Jeep Grand Cherokee and Liberty SUVs in the U.S. and 256,000 in Canada that could be at risk of a fuel tank fire.

Mixed reviews for Ottawa's new 'open data' website

Treasury Board President Tony Clement is touting the federal government's revamped data portal as a "new natural resource." But that online window for previously published data arrives at the same time the government faces controversy over just how open it really is.

Leaders downplay reports of stalled Canada-EU trade talks

Both Prime Minister Stephen Harper and his British counterpart, David Cameron, downplayed signs of trouble in the Canada-EU trade negotiations Tuesday, even as the European Union's spokesman suggested Canada hasn't shown enough "pragmatism and flexibility" at the table.

Business jets dominate Bombardier's $2B in sales at air show

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.

Crowdfunding websites trying to cash in on crowded field

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.

Bonnie Brooks out as president in HBC management shakeup

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.

ING app deposits cheques by smartphone or tablet

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.

Ex-Bank of America mortgage workers were 'told to lie'

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.

U.S. inflation ticks up on higher energy prices

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.

In Bangladesh's garment trade, empowerment comes at $20 a week

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.

F-35 maker signs training deal with Canada's CAE

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.