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Fri, 20 Nov 2009 22:55:00 GMT
The Canadian Press - OTTAWA - After withstanding recessionary headwinds for most the past year, Canadian businesses are now succumbing to the same economic malaise that has already sent tens of thousands of individual Canadians to the bankruptcy office.
Fri, 20 Nov 2009 22:54:00 GMT
The Canadian Press - MONTREAL - Saputo (TSX:SAP) and Kraft aren't taking no for an answer and have appealed a Federal Court ruling that upheld new federal cheese regulations.
Fri, 20 Nov 2009 22:37:00 GMT

A Toronto Stock Exchange (TSX) logo is seen in Toronto November 9, 2007. REUTERS/Mark Blinch (CANADA)Reuters - TORONTO (Reuters) - Toronto's main stock index fell on Friday as weaker oil prices, caused partly by a stronger U.S. dollar, weighed on resource issues, including Suncor Energy Inc.


Fri, 20 Nov 2009 22:27:00 GMT

A bar of Cadbury's milk chocolate. A charitable trust controlling US chocolate maker Hershey is backing a bid of 17 billion dollars for Britain's Cadbury, the Wall Street Journal reported Friday.  Photo:Leon Neal/AFPAFP - NEW YORK (AFP) - A charitable trust controlling US chocolate maker Hershey is backing a bid of 17 billion dollars for Britain's Cadbury, the Wall Street Journal reported Friday.


Fri, 20 Nov 2009 22:19:00 GMT

Night view of the Suncor oil extraction facility in Alberta, Canada. Oil prices were mixed and likely to stay under $80 amid high energy inventories in the United States, the world's biggest energy-consuming nation, analysts say.  Photo:Mark Ralston/AFPThe Canadian Press - NEW YORK - Oil prices fell below US$77 a barrel on Friday on a stronger U.S. dollar and amid concern about the strength of the global economic recovery.


Fri, 20 Nov 2009 22:18:00 GMT
The Canadian Press - CALGARY - Fertilizer giant Agrium Inc.'s (TSX:AGU) ambitions to take over Illinois-based CF Industries Holdings Inc. (NYSE:CF) hit an obstacle Friday, as the target company made significant headway in a hostile bid of its own.
Fri, 20 Nov 2009 22:17:00 GMT

A Chinese flag flies outside the New York Stock Exchange, November 20, 2009. Shares of Chinese discount hotel chain 7 Days Group Holdings Ltd  jumped as much as 28.6 percent in their New York Stock Exchange debut on Friday. REUTERS/Brendan McDermid (UNITED STATES BUSINESS)The Canadian Press - TORONTO - The Toronto stock market closed slightly lower Friday, pressured by falling energy stocks as demand concerns and a rising U.S. dollar pushed crude prices down.


Fri, 20 Nov 2009 22:16:00 GMT
The Canadian Press - MONTREAL - Prices for the latest gadgets and TVs haven't fallen dramatically, but enough to allow consumers to trade up at lower prices, says the research firm NDP Group Canada.
Fri, 20 Nov 2009 22:09:52 GMT
CBC - Calgary-based Agrium has suffered a setback in its bid to take over rival CF Industries.
Fri, 20 Nov 2009 21:44:00 GMT

Investors play cards in front of an electronic screen showing stock information at a brokerage house in Taiyuan, Shanxi province, November 16, 2009. REUTERS/StringerReuters - NEW YORK (Reuters) - Global stocks slid and the U.S. dollar rose on Friday as investors cut their exposure to risky assets amid signs of an anemic U.S. economic recovery.


Fri, 20 Nov 2009 21:43:00 GMT
The Canadian Press - MONTREAL - Tour operator Transat A.T. (TSX:TRZ.B) is hoping to expand its presence and revenues in France by partnering with that country's largest travel agency network.
Fri, 20 Nov 2009 21:41:00 GMT
The Canadian Press - TORONTO - Roxmark Mines Ltd (TSXV-RMK) said Friday it plans to amalgamate with Ontex Resources Ltd. (TSX:ONT) in an all-stock transaction to form a new company that will eventually be called Goldstone Resources Ltd.
Fri, 20 Nov 2009 23:31:00 GMT

Minister of Finance Jim Flaherty speaks during question period in the House of Commons on Parliament Hill in Ottawa, Ont., on Thursday November 19, 2009. THE CANADIAN PRESS/Sean KilpatrickThe Canadian Press - TORONTO - Emphasizing that government stimulus spending is a temporary measure, federal Finance Minister Jim Flaherty says the Conservative government doesn't plan to undertake major new spending initiatives in next year's budget.


Fri, 20 Nov 2009 21:11:00 GMT
The Canadian Press - WASHINGTON - U.S. Federal Reserve chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.
Fri, 20 Nov 2009 21:08:00 GMT

A Pakistani employee fills the tank of a motorcycle at a gasoline station in Karachi, in July 2009. Oil prices remained depressed Friday amid a strengthening dollar and concerns over sustainable economic recovery.  Photo:Rizwan Tabassum/AFPAFP - NEW YORK (AFP) - Oil prices remained depressed Friday amid a strengthening dollar and concerns over sustainable economic recovery.


Fri, 20 Nov 2009 21:06:00 GMT
Reuters - OTTAWA (Reuters) - Canadian Pacific Railway Ltd said on Friday it reached a tentative, three-year labor agreement with the union that represents railway police.
Fri, 20 Nov 2009 20:48:50 GMT

Employees at Johnson Controls, an automotive parts plant east of Windsor, Ont., could walk off the job if they don't reach a deal by midnight Friday. A strike would affect thousands at Chrysler's Windsor assembly plant, which uses the components.CBC - Employees at Johnson Controls, an automotive parts plant east of Windsor, Ont., could walk off the job if they don't reach a deal by midnight Friday. A strike would affect thousands at Chrysler's Windsor assembly plant, which uses the components.


Fri, 20 Nov 2009 20:46:00 GMT

An Airbus A380 operated by Air France lands for the first time on a commercial Paris-New York route at John F. Kennedy Airport in New York.  Photo:Emmanuel Dunand/AFPAFP - NEW YORK (AFP) - The world's largest airliner, an Air France A380, touched down in New York on Friday after completing the superjumbo jet's first Atlantic crossing from Europe to the United States.


Fri, 20 Nov 2009 20:35:00 GMT
Reuters - NEW YORK (Reuters) - CF Industries Holdings Inc took a major step toward completing its bid to buy Terra Industries Inc on Friday when three nominees proposed by CF were elected to Terra's board.
Fri, 20 Nov 2009 20:29:00 GMT

A worker moves wood at the Abitibi-Consolidated lumber mill Wednesday, Oct. 11, 2006 in Saint-Raymond, Que. (CP PHOTO/Jacques Boissinot)The Canadian Press - MONTREAL - A $250-million loan between Canadian and U.S. subsidiaries of AbitibiBowater is forcing the company to juggle its corporate structure to avoid a big tax bill.


Fri, 20 Nov 2009 20:28:00 GMT
The Canadian Press - WILMINGTON, Del. - Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of the operations shutting down in recent months.
Fri, 20 Nov 2009 20:26:00 GMT

Minister of Finance Jim Flaherty speaks during question period in the House of Commons on Parliament Hill in Ottawa, Ont., on Thursday November 19, 2009. THE CANADIAN PRESS/Sean KilpatrickReuters - TORONTO (Reuters) - Finance Minister Jim Flaherty on Friday vowed to resist big, new spending measures in his next budget, but said it was too early to pull stimulus away from a still shaky economy.


Fri, 20 Nov 2009 20:14:00 GMT

Newspapers are displayed at a newsstand in October 2009 in San Francisco, California. US newspaper advertising revenue fell by nearly 28 percent in the third quarter, continuing a slide which has led to layoffs, bankruptcies and the closure of several dailies.  Photo:Justin Sullivan/AFPAFP - WASHINGTON (AFP) - US newspaper advertising revenue fell by nearly 28 percent in the third quarter, continuing a slide which has led to layoffs, bankruptcies and the closure of several dailies.


Fri, 20 Nov 2009 19:47:00 GMT

Hundreds of passengers wait in line in the area of departure at Santiago airport. Chilean airports resumed normal activity on Friday, after some 2,000 airport workers launched a country-wide strike that caused flight delays, the General Directorate of Civil Aviation said.  Photo:Martin Bernetti/AFPAFP - SANTIAGO (AFP) - Chilean airports resumed normal activity on Friday, after some 2,000 airport workers launched a country-wide strike that caused flight delays, the General Directorate of Civil Aviation said.


Fri, 20 Nov 2009 19:35:00 GMT
The Canadian Press - VANCOUVER, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) announced Friday that it has signed a satellite technology contract with the Russian Radio Research and Development Institute (NIIR) worth more than $200 million.
Fri, 20 Nov 2009 19:32:16 GMT
CBC - Canada's postal service is reinventing itself as it struggles to make up for dwindling demand in the face of a devastating global economic slowdown.
Fri, 20 Nov 2009 19:32:00 GMT

The Boeing 787 Dreamliner is unveiled in Everett, Washington in 2007. US aerospace giant Boeing broke ground Friday for the second assembly plant for its new 787 Dreamliner aircraft scheduled for its first test flight by the end of the year.  Photo:Tangi Quemener/AFPAFP - NEW YORK (AFP) - US aerospace giant Boeing broke ground Friday for the second assembly plant for its new 787 Dreamliner aircraft scheduled for its first test flight by the end of the year.


Fri, 20 Nov 2009 18:39:23 GMT

Henry Lyatsky wants B.C.'s coast opened to oil drilling but environmentalists stand opposed.CBC - Henry Lyatsky wants B.C.'s coast opened to oil drilling but environmentalists stand opposed.


Fri, 20 Nov 2009 18:13:00 GMT

Participants are seen under the World Economic Forum logo in Davos in January 2009. The impact of the global financial crisis is still in its 'first half,' but there is only a brief opportunity to bring tough reforms, the World Economic Forum warned on Friday.  Photo:Fabrice Coffrini/AFP AFP - DUBAI (AFP) - The impact of the global financial crisis is still in its "first half," but there is only a brief opportunity to bring tough reforms, the World Economic Forum warned on Friday.


Fri, 20 Nov 2009 18:11:00 GMT

Greenpeace activists lay in front of the Energy Ministry in Ankara in 2008. Turkey on Friday scrapped a 2008 tender won by a Russian-led consortium to build the country's first nuclear power plant -- a process that had been under threat of being invalidated by a court decision.  Photo:Adem Altan/AFPAFP - ANKARA (AFP) - Turkey on Friday scrapped a 2008 tender won by a Russian-led consortium to build the country's first nuclear power plant -- a process that had been under threat of being invalidated by a court decision.


Fri, 20 Nov 2009 18:06:00 GMT

The Greek socialist government tabled a budget on Friday to cut the public deficit to 9.1 percent of output and save the country's economy from the 'emergency room,' Prime Minister George Papandreou, pictured on November 19, said.  Photo:Georges Gobet/AFPAFP - ATHENS (AFP) - The Greek socialist government tabled a budget on Friday to cut the public deficit to 9.1 percent of output and save the country's economy from the "emergency room," Prime Minister George Papandreou said.


Fri, 20 Nov 2009 17:21:00 GMT

CEO of General Motors Co. Fritz Henderson is seen at the Opel headquarter in Ruesselsheim, central Germany, Nov. 10, 2009. (THE ASSOCIATED PRESS/Michael Probst)The Canadian Press - FRANKFURT, Germany - General Motors Co. said it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December, but did not specify the amount of cuts to capacity and jobs it would seek.


Fri, 20 Nov 2009 17:14:40 GMT
CBC - The number of bankruptcies across the country was 43 per cent higher in September than at the same point a year ago, government data shows.
Fri, 20 Nov 2009 17:12:18 GMT
CBC - If it's true that "money talks," then the bank accounts of Canada's wealthiest citizens are doing a lot of blabbing these days.
Fri, 20 Nov 2009 17:02:00 GMT

People are reflected on a Volkswagen logo in Hamburg, Germany. Volkswagen said its supervisory board has cleared the way for its planned takeover of sportscar maker Porsche.  Photo:Roland Magunia/AFPAFP - BERLIN (AFP) - Volkswagen, Europe's biggest carmaker, said on Friday that its supervisory board had cleared the way for its planned takeover of sportscar maker Porsche.


Fri, 20 Nov 2009 16:48:00 GMT
Reuters - OTTAWA (Reuters) - Canadian bankruptcies rose about 29 percent in September from a month earlier, as consumer felt the pinch of rising debt and a weak job market, and business insolvencies rose again after sliding to a 22-year low, a report released on Friday said.
Fri, 20 Nov 2009 16:39:00 GMT

A trader works on the floor of the New York Stock Exchange, October 14, 2009. REUTERS/Brendan McDermidReuters - NEW YORK (Reuters) - Worst-than-expected results from computer maker Dell and homebuilder D.R. Horton helped push stocks lower on Friday in the third straight negative session for Wall Street.


Fri, 20 Nov 2009 16:34:00 GMT

Workers pack roses for export on a farm in Naivasha, northwest of Nairobi. Leaders of the five-member East African Community are in northern Tanzania to to sign a common market treaty to allow free trade, movement and right of residence in the region.  Photo:Simon Maina/AFPAFP - ARUSHA, Tanzania (AFP) - Leaders of the five-member East African Community gathered at the bloc's headquarters Friday to sign a common market treaty to allow free trade, movement and right of residence in the region.


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