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Gov't probe faults poor quality construction materials for deadly Bangladesh building collapse

DHAKA, Bangladesh - A government investigation found that "extremely" poor quality construction materials and a series of violations caused the collapse of a garment factory building in Bangladesh that has been called the worst garment-industry disaster in history, the committee head said Thursday.

Probe faults construction materials for Bangladesh building collapse

DHAKA, Bangladesh - A government investigation found poor-quality construction materials and building code violations were among the "series of irregularities" that caused the collapse of a building housing garment factories last month in Bangladesh, the committee head said Thursday.

UN forecasts slow global growth in 2013; austerity hurts Europe, US spending cuts a risk

Global economic growth is projected to gain slow momentum for the rest of the year, a United Nations economic forecast said Thursday.

In low interest rate environment, home affordability remains stable: RBC

OTTAWA - A new analysis from the Royal Bank (TX:RY) finds home ownership in Canada remains largely affordable, even if there are signs of mild financial stress among indebted families.

Jennifer Lopez to open cellphone stores aimed at Latinos, selling Verizon service

NEW YORK, N.Y. - "Jenny from the Block" wants the block to buy Verizon phones from her.

Loonie falls nearly a penny amid signs that U.S. Fed has no plans to end stimulus

TORONTO - The Canadian dollar dropped nearly a penny Wednesday as the head of the U.S. central bank said that prematurely ending the Fed's $85-billion-a month monetary stimulus program could harm the world's largest economy.

TSX up slightly, Wall Street falls amid talk of possible end to Fed stimulus

TORONTO - North American markets were mixed Wednesday after U.S. Federal Reserve chairman Ben Bernanke said the central bank has considered ending its extraordinary stimulus program, but added that it is too soon to do it now.

Lowe's 1st-quarter profit climbs but performance misses analysts' expectations

NEW YORK, N.Y. - Lowe's said Wednesday that its first-quarter net income rose nearly 3 per cent, but results fell short of expectations as rainy weather hurt spring gardening sales.

Harper visit to Peru targets better use of mining royalties to alleviate poverty

LIMA, Peru - Canadian mining companies hope that Stephen Harper's visit to Peru will lead to better use of the billions in royalties and taxes that are sitting idle in a country where poverty is still a large problem.

Stocks fall after Fed minutes show policymakers had weighed a pullback on its stimulus program

NEW YORK, N.Y. - Stocks are closing lower on news that several Federal Reserve policymakers favoured cutting back on stimulus programs as early as June if the economy continues to improve.

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