Business

Business Canada auto parts giant Magna to buy Germany's Getrag Group
Auto parts maker Magna International Inc. will pay about US$1.93 million (1.76 billion euros) to buy the Getrag Group, a German supplier of automotive transmissions for car manufacturers such as Ford, BMW, Daimler and others.
Business Thai police: alleged blackmailer of Saudi oil firm confesses
Thai police say a Swiss man has confessed to blackmailing his former employer, a Saudi oil exploration company, by threatening to reveal documents with information about alleged financial wrongdoing linked to the Malaysian government.
Business Yellen: First Fed rate hike likely later this year Yellen: First Fed rate hike likely later this year
Federal Reserve Chair Janet Yellen sees a number of encouraging signs that the economy is reviving after a brutal winter and says if the improvements stay on track, the Fed will likely start raising interest rates later this year.
Business US factory output flat for 2nd straight month US factory output flat for 2nd straight month
U.S. factory production was unchanged for a second straight month in June as a sharp drop in auto manufacturing was offset by greater output of furniture and chemicals.