Business

Guitar-maker concedes imports violated U.S. environmental laws

U.S. magazine sales fell nearly 10 per cent in the first half of 2012, a troubling sign for print publishers that suggests Americans are still being careful about discretionary spending.

U.S. upset with Pratt and Whitney's software military exports to China

Off-shoring of back-office work to India, a trend among banks and accounting firms, came under new scrutiny with allegations that Standard Chartered Plc moved compliance oversight work dealing with Iranian banking transactions to India to avoid U.S.

Farmers can now deliver any wheat, durum and barley they contract with the Canadian Wheat Board to any elevator across the Prairies. The board has announced it has reached handling agreements with all western Canadian grain companies.

Netherlands - Spyker Cars NV, the tiny Dutch company that bought Swedish carmaker Saab from General Motors Co. for $74 million in 2010, said Monday it is suing GM for $3 billion in damages.

U.S. stocks closed at three-month highs for the second day in a row Monday, extending last week's rally on the hope for more assistance for the troubled euro zone.

Firm that caused market mayhem hands control to investor group

In a rare move, New York's top bank regulator threatened to strip the state banking licence of Standard Chartered Plc, saying it was a "rogue institution" that hid $250 billion in transactions tied to Iran, in violation of U.S. law.

Food prices may increase by as much as four per cent next year, economists predict, as drought conditions in the U.S. are expected to inflate the cost of everything from pork to cereal.