June 4, 2008

Airlines may start treating passengers as ‘freight’

Imagine two scales at the airline ticket counter, one for your bags and one for you. The price of a ticket depends upon the weight of both.
That may not be so far-fetched.

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Apple expected to unveil new iPhone next week

The encore to the original iPhone, which launched nearly a year ago amid unprecedented industry buzz, is widely expected to be the main attraction when chief executive Steve Jobs takes the stage at Apple’s developers’ conference next Monday.

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Gottlieb’s lawyer downplays client’s role in Livent finances

Myron Gottlieb was portrayed by his lawyer Tuesday as someone who was more concerned with the big-picture at Livent Inc. and not well-versed in the detailed financial operations of the theatre company.

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Judge ready to approve ABCP plan

An Ontario Superior Court judge said he will almost certainly approve a controversial plan to restructure $’32-billion of seized up asset-backed commercial paper as early as Tuesday afternoon.

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Canadian auto sales strong in May; U.S. sales falter

Despite sliding 0.5% to 184,467 units, vehicle sales in Canada have posted their second-best month of May and are on track to perhaps their best year ever, says auto analyst Dennis Desrosiers.

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GM to shut Oshawa plant

General Motors Corp. is shutting down its Oshawa, Ont. pickup plant as part of a sweeping strategic shift into cars and crossover utility vehicles as high gasoline prices kills demand for its biggest vehicles.
Production at the Oshawa factory just east of Toronto will be stopped some time in 2009, likely mid-year, resulting in the remaining 1,000 unionized workers there losing their jobs. Three other truck plants in Ohio, Wisconsin and Mexico will also see a production decline.

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TSX runs of out of fuel as oil prices fall

The Toronto main stock index was down 88.57 points, or 0.6%, to 14,728.61. The TSX Venture composite fell 11.79 points, or 0.4%, to 2,640.10.

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Canadian dollar weakens 1% on Bernanke’s rate remark

The Canadian dollar weakened against its U.S. counterpart Tuesday on concerns over the impact of a slowing global economy on oil prices, but the currency held within a tight range near parity.

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U.S. shows more interest in Canadian oilsands

Americans may show little appreciation or awareness at times of Canada as their top energy supplier, but in this senior global oil industry centre, Canada is hot.

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CHINA: 'Food Scarcity Creating New World Order' - Inter Press Service (subscription)

CHINA: 'Food Scarcity Creating New World Order'Inter Press Service (subscription), Italy - 3 hours agoIn Asia, rice prices have almost tripled this year alone, leading many governments to fear the consequences if the poor cannot afford to buy their staple …

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