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  • Spanish bank buys Carfinco for $298M

    EDMONTON - Shares in Carfinco Financial Group Inc. (TSX:CFN) shot up 33 per cent after Spanish bank Santander said it had an agreement to buy the Edmonton-based car loan company for about $298 million in cash. Carfinco shares were up $2.83 to $11.42 in trading on the Toronto Stock Exchange. Banco Santander says the acquisition will give it an entry into the Canadian market, where it expects good potential growth.

  • House panel: Safety agency mishandled GM recallHouse panel: Safety agency mishandled GM recall

    WASHINGTON - The government's auto safety agency should have discovered General Motors' faulty ignition switches seven years before the company recalled 2.6 million cars to fix the deadly problem, a House committee majority charged Tuesday in a new report.

  • Court: Tesla Motors can sell directly to buyers

    BOSTON - The highest court in Massachusetts has thrown out a lawsuit aimed at blocking Tesla Motors from selling its electric cars directly to consumers.

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