You are here

Business

Australian car making to end soon with GM plant closing

CANBERRA, Australia — The Australian auto manufacturing era is about to end after more than 90 years when General Motors Co.’s last Holden sedan rolls off the production line in the industrial city of Adelaide on Friday.

The nation has already begun mourning the demise of a home-grown industry in an increasing crowded and changing global car market.

U.S. court dismisses Resolute’s racketeering suit against Greenpeace

MONTREAL — A U.S. court has dismissed a racketeering lawsuit launched by Resolute Forest Products against Greenpeace and other environmental groups.

The United States District Court for the Northern District of California dismissed claims filed against Greenpeace, Stand.earth and individuals under the Racketeer Influenced and Corrupt Organizations Act (RICO).

Sears Canada seeks court approval to liquidate all stores

TORONTO — Sears Canada Inc. said Tuesday it is seeking court approval to liquidate its roughly 130 remaining stores, leaving approximately 12,000 employees without a job.

The embattled retailer has been operating under the Companies’ Creditors Arrangement Act since June. It said that it had failed to find a buyer that would allow it to continue.