GM profits hit by recall problems

Earnings at the carmaker General Motors (GM) have slumped because of costs related to its vehicle recalls. Second-quarter net profits fell 85% from a year ago, to $190m (£112m), the company said.

British Gas staff mis-sold deals, says regulator Ofgem

The UK's biggest energy supplier, British Gas, mis-sold energy deals by making exaggerated claims to potential customers, the regulator has said.