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Business News

Recent BUSINESS Headlines

1 to 10 of 370

at 21:36 on March 11, 2010, EDT.

Exports forecast to remain strong even as rebounding economy pushes imports up

WASHINGTON - U.S. exports dipped in January, the government said Thursday, but economists weren't fazed. They predict export growth will be a bright spot for American manufacturers through the rest of 2010.

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at 21:33 on March 11, 2010, EDT.

SEC chairman calls for Congress to put new oversight on derivatives

WASHINGTON - The government's top securities regulator called Thursday for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to continue unfettered could bring further economic damage.

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at 20:49 on March 11, 2010, EDT.

Power Corp. of Canada reports Q4 profit, as revenue falls from year ago

MONTREAL - Power Corp. of Canada said Thursday it earned $54 million in its latest quarter as revenue dropped.

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at 20:48 on March 11, 2010, EDT.

National Energy Board give OK to TransCanada's Keystone XL pipeline project

CALGARY - The National Energy Board approved Thursday an application by TransCanada Corp. (TSX:TRP) to build its Keystone XL pipeline project, an expansion of its Keystone pipeline to the U.S. Gulf Coast.

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at 20:47 on March 11, 2010, EDT.

Agrium drops hostile takeover offer for U.S. company CF Industries

CALGARY - Canadian fertilizer giant Agrium Inc. is dropping its US$5.5-billion takeover bid for U.S. company CF Industries Holdings Inc., which this week came one step closer to winning a hostile acquisition of its own.

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at 20:46 on March 11, 2010, EDT.

Alberta cuts royalty rates for oil and gas industry in bid to win investment

CALGARY - The Alberta government said Thursday it will slash its royalty take from oil and gas producers, many of whom responded to a new regime introduced a year ago by moving their investment elsewhere.

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at 19:46 on March 11, 2010, EDT.

Closed Listowel, Ont., soup factory to make hot dogs, employ up to 500 people

LISTOWEL, Ont. - A $3-million grant from the Ontario government - along with $40 million in private funds - will help turn a closed Campbell's Soup plant in this small southwestern community into a "very large hot dog factory," opening the shuttered doors to hundreds of new jobs.

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at 19:22 on March 11, 2010, EDT.

MPs accuse Transport Canada of inaction over Toyota safety concerns

OTTAWA - Transport Canada came under fire from MPs on Thursday over its handling of safety concerns with Toyota vehicles after disclosing that authorities had received 17 acceleration-related complaints before last fall's recall.

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at 19:21 on March 11, 2010, EDT.

Quebec, Vermont utilities sign accord which could boost power exports

QUEBEC - Vermont's two biggest utilities signed a deal Thursday aimed at increasing the amount of power the state gets from Quebec.

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at 19:02 on March 11, 2010, EDT.

NDP demand to know details of dinner between McGuinty and developers

LISTOWEL, Ont. - The opposition parties can take all the shots they want, Premier Dalton McGuinty said Thursday, as long as people know he would never betray their trust by giving special favours to those who make donations to the Liberal Party.

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