Nortel Networks Corp’s chief executive said on Wednesday the company is capable of making acquisitions to help its growth, but he suggested it will continue to hold off from deal-making, given the tight credit markets.
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Thanks to record crude oil prices, OPEC members will likely earn over US$1-trillion this year from oil exports, according to the U.S. government’s top energy forecasting agency.
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AutoCanada Income Fund, Canada’s only publicly-traded auto dealership group, said Wednesday it will not grow its dealership base this year as much as expected after running into trouble in talks with Toyota Motor Corp.
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Imperial Oil Ltd. has done nothing wrong to justify the removal of a permit by the federal government that is key to its $8-billion Kearl oilsands project, the company argued in court Wednesday.
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Oil prices rose more than a dollar Wednesday to over US$123 a barrel, extending further into record territory as worries over tight world supplies of diesel outweighed a boost in U.S. crude stocks.
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Chinese and Indian cars will soon hit the North American market and will have a price advantage, partly because security-related costs add to the price of North American vehicles, Canadian Industry Minister Jim Prentice said on Wednesday.
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A report by CIBC World Markets says Canadians are sitting on $45-billion in cash because they’re too nervous to invest.
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Take-Two Interactive Software Inc. scored over US$500-million in global sales of criminal action game “Grand Theft Auto 4″ in its first week, marking what it called one of the most lucrative entertainment events in history.
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Microsoft Corp. is gauging Facebook’s interest in a possible acquisition after the software giant’s failed takeover attempt of Yahoo Inc., the Wall Street Journal reported on Wednesday.
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UPDATE 1-India considers rice supplies to neighboursguardian.co.uk, UK - 6 hours agoIndian rice is normally sold to big Middle Eastern buyers like Iran, Iraq and Saudi Arabia, all important suppliers of crude to Asia's third-largest economy …
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