CANADA

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Ford Canada offers up to C$3,000 for clunkers

Ford Motor Co's (F.N) Canadian subsidiary, seeking to maintain sales momentum, said on Wednesday it will offer up to C$3,000 ($2,700) toward the purchase of a new Ford to customers who turn in a vehicle 15 years or older.

After slow start, U.S. deal making set to rise

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The next few months could see more mergers and acquisitions in the U.S. manufacturing sector as memories of recent market highs fade and some smaller companies find they need financial backing.

Capmark in Berkshire asset deal, may go bankrupt

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Warren Buffett's Berkshire Hathaway Inc and Leucadia National Corp agreed to buy Capmark Financial Group Inc's mortgage loan and servicing business for as much as $490 million, increasing exposure to a possible U.S. housing recovery.
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Danaher expands in life sciences, cuts more jobs

Diversified U.S. manufacturer Danaher Corp on Wednesday announced two deals to expand its life sciences specialty instruments business, while saying it plans to cut more jobs as it accelerates its restructuring.
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Canada Liberals vow to bring down government

Canada's main opposition Liberal Party on Tuesday vowed to bring down the minority Conservative government, leaving the fate of Prime Minister Stephen Harper in the hands of other parties.
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Canada to apply existing laws to PetroChina bid

Canada will apply existing foreign ownership laws to PetroChina's bid to buy Canadian oil sands assets but will not introduce further barriers to investing in the country, Prime Minister Stephen Harper said on Tuesday.
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U.S. ethanol group wants origin labeling for oil

NEW YORK - A U.S. ethanol industry group is pushing lawmakers to craft legislation requiring fuel companies to inform customers what country their fuel came from in hopes of increasing awareness about money spent on oil imported from overseas.
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Acadia psychosis drug misses main goal; shrs sink

Acadia Pharmaceuticals Inc said on Tuesday its experimental drug for psychosis related to Parkinson's disease failed to meet its primary goal in a late-stage trial, sending its shares down 70 percent.
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Tiomin says Chinese co to buy 70 pct of its Kenya unit

Canada's Tiomin Resources Inc said it signed an investment agreement with China's Jinchuan Group Ltd, following which the top Chinese nickel producer will acquire 70 percent equity interest in Tiomin Kenya Ltd (TKL).
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Canadian TV rebuked again for Obama assassination joke

Canada's public broadcaster broke television regulations when it aired a New Year's Eve skit that joked about the possible assassination of U.S. President Barack Obama, the country's broadcasting regulator said on Monday.
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Lakeside granted status in Canada-U.S. Steel suit

Lakeside Steel was granted intervenor status in the Canadian government's lawsuit against U.S. Steel on Monday, a position the small Canadian company hopes will give it a chance to acquire U.S. Steel's operations in southern Ontario.
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Two firefighters die in growing LA wildfire

The five-day-old wildfire burning out of control in the Los Angeles foothills and forest claimed its first victims on Sunday, two firefighters whose vehicle plummeted off the side of a road.
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Canadian bank seeks US jury trial in options fraud

TORONTO - Bank of Montreal, one of Canada's top banks, is suing two U.S.-based brokerages and some of their former officers and shareholders for their part in an intricate fraud carried out by the former head of its commodity derivatives group, court documents showed.
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U.S. welcomes China move to cut auto parts tariffs

The United States on Friday welcomed Beijing's decision to eliminate additional charges on imported auto parts in a landmark case that ended a grace period for China after it joined the World Trade Organization.
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Toyota to end California plant production

Toyota Motor Corp will end production at a California plant it has shared with General Motors for 25 years, prompting regret and criticism from labor and politicians facing more job losses in an industry and a state pummeled by recession.
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Opel liquid to about January: German official

Opel has the liquidity to operate until next year, a senior German government official said on Thursday as a rift appeared to develop in the ruling party over whether the General Motors Co unit should be sold to Canada's Magna International (MGa.TO).
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U.S. finds water polluted near gas-drilling sites

PHILADELPHIA - U.S. government scientists have for the first time found chemical contaminants in drinking water wells near natural gas drilling operations, fueling concern that a gas-extraction technique is endangering the health of people who live close to drilling rigs.
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Facebook agrees to make Canada privacy changes

Facebook, the popular social networking website, agreed on Thursday to make changes to better protect the personal information of its users as a result of negotiations with Canada's privacy commissioner.

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