AFP – WASHINGTON (AFP) – The US Federal Reserve on Tuesday approved China Investment Corporation’s bid to buy up to a 10 percent voting stake in investment giant Morgan Stanley.

The Canadian Press – OTTAWA – At least three Canadian military bases, including the navy’s main West Coast operations hub, were hit with serious communications failures as Telus Corp. (TSX: T) struggled to switch the Defence Department telecom network to their service, The Canadian Press has learned.

Reuters – OTTAWA (Reuters) – Canada’s established telecom companies must spend more than half of a C$770 million ($727 million) fund kept in escrow to expand broadband Internet to rural and remote communities and return the remainder to urban customers, the communications regulator said on Tuesday.

The Canadian Press – MONTREAL – An investment company has made good on its threat to defend the rights of minority investors by launching a lawsuit against Boralex Inc. over the power producer’s takeover bid for Boralex Power Income Fund.

The Canadian Press – Aboriginal leaders in British Columbia questioned the legitimacy of a review into a controversial Enbridge pipeline proposal that aims to connect oilsands crude to Asian markets.

The Canadian Press – TORONTO – Canada’s economy slowed more than expected in the second quarter as consumers tightened their pocketbooks, housing weakened and exports were squeezed by the weak American economy.