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Canadian, World, Politics and Business News & Analysis

Business (Canada)

U.S. Settles Lawsuit Accusing Honda of Car Loan Discrimination

Honda's lending arm today agreed to limit the amount by which its dealers can mark up interest rates on car loans, as part of an agreement to settle a discrimination lawsuit.<p>The Justice Department and the Consumer Financial Protection Bureau claimed that car loans issued by American Honda Finance …

Interest Rates

Report: China company bids $23B for Micron

A Chinese chip design company has submitted a $23 billion bid for Idaho-based Micron Technology. If the deal goes through, it would be the largest Chinese purchase of a U.S. company, the <i>Wall Street Journal</i> reported.<p>Tsinghua Unigroup offered $21 a share for Micron, almost 19% over its Monday closing …

Micron Technology

JPMorgan profit beats estimates as tax bill and expenses fall | Reuters

(Reuters) - JPMorgan Chase & Co (JPM.N), kicking off the second-quarter earnings season for U.S. banks, reported a stronger-than-expected rise in profit on Tuesday, helped by a drop in legal and restructuring expenses and a smaller tax bill.<p>Like other banks, the biggest U.S. lender by assets has …