Category: Business News

New investigation targets company executives

Connecticut’s attorney general has announced an investigation into Hyundai and Kia concerning the companies’ failure to equip millions of their vehicles with modern anti-theft technology.

In a press release Tuesday, Attorney General William Tong accused the Korean automakers of ignoring repeated calls to install the hardware, known as an engine immobilizer. The technology can prevent vehicles from being hot-wired and stolen.

In recent viral social media posts, individuals can be seen quickly starting the car using a USB cable.

“We have called on Hyundai and Kia over and over again to make this right and address the glaring public safety

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Telus scraps 1.5% credit card surcharge on customer bills

Telus has reversed its decision to charge an extra fee to customers who use a credit card to pay their bills.

Last fall, the telecom company announced it would start charging some of those customers a fee of up to 1.5 per cent.

That change came about as a result of a settlement between credit card companies and merchants that would allow merchants to start passing on the cost of fees known as interchange fees directly to customers.

Telus was among the first companies to attempt to do so, notifying customers last summer of its plans. When asked for comment

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Closed Jackson College campus building sold, social district thriving and more Jackson County business news

JACKSON COUNTY, MI – From the Jackson College Foundation selling a building that housed a college campus to a thriving downtown Jackson social district, there is a lot going on in the Jackson area.

Here’s some recent Jackson-area business news you might have missed.

Get a taste of Hawaiian, Island cuisine at Ben’s Island Grindz

Ben Snyder and his girlfriend Holly Lippmann had a dream of starting a food truck offering something Jackson didn’t have.

They remembered their previous travels to places like Hawaii, Mexico and Costa Rica. After eating their way through the islands and countries, they realized island

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BoC debated waiting until July to hike rates

OTTAWA –

The Bank of Canada’s governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data.

The central bank released Wednesday its summary of deliberations for its June interest rate announcement, shedding light into the decision to raise its key interest rate by a quarter of a percentage point to 4.75 per cent.

That’s the highest it’s been since 2001.

The rate hike came after the central bank declared a pause earlier in the year, appearing cautiously optimistic that interest rates were high enough to quash inflation.

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What’s spending slowdown? Retail sales suggest Canadians aren’t ready to quit shopping

Up to date retail sales numbers from Statistics Canada on Wednesday show that despite high prices and dire warnings about debt loads, Canadians remain in the mood to shop.

The data agency reported Wednesday that retailers took in $65.9 billion in April. That’s an increase of 1.1 per cent from March’s level.

Just about every type of store booked higher sales during the month, with the exception of furniture, electronics and appliances retailers, where sales shrank by 1.6 per cent from March’s level.

So-called core retail sales, which strip out volatile items like gas, cars and car parts, actually increased

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Tourism businesses could shut down within 3 years: poll

The head of the Tourism Industry Association of Canada says businesses are struggling to stay afloat under a pile of debt and a dearth of overseas visitors.

In a poll of tourism operators, some 45 per cent said they were likely or somewhat likely to shut down within three years unless the government steps in to adjust their loan conditions.

“Unless there’s some change to the payback system and the payback requirements, they’re in danger of closing in the next three years,” said Beth Potter, CEO of the trade organization.

“Everything from campgrounds to hotels to amusement parks to outdoor

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Estate Planning: 5 Things to Consider

If you are preparing to draft your estate plan with your estate planning attorney, there are a variety of issues that you will need to think about before your documents can be finalized.

We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog ).

Prior to drafting your estate plan, we recommend that you give some thought to the following items:

  1. How do you want your money and assets handled if you die? Do you want any restrictions? If you are
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Broadcaster faces backlash for news special to air after Titan sub runs out of oxygen

An upcoming news special on the Titan submersible, which vanished after losing signal days ago, is sparking backlash for its timing while crews continue to search for the vessel at sea.

ITN’s “Titanic Sub: Lost at Sea” is scheduled to air on Britain’s Channel 5 on Thursday at 2 pm ET, hours after The Titan had been expected to run out of oxygen. Members of the public have slammed the program due to its timing.

The special is being presented by Channel 5 host Dan Walker and produced by ITN, an Oscar-nominated production company that specializes in “non-fiction content” with

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