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16.05.2008
TORONTO - The Toronto stock market's winning streak extended to a third session Friday morning partly due to higher oil and gold prices.
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16.05.2008
Oil prices soared more than US$3 a barrel, surpassing US$127 for the first time Friday and putting more pressure on already lofty gasoline and diesel prices ahead of the summer driving season in the northern hemisphere.
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16.05.2008
OTTAWA - Sales of new motor vehicles closed the first quarter of 2008 with their strongest gain since 1998, despite a slight decline in March.
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16.05.2008
TORONTO - Rothmans Inc. (TSX:ROC) grew its full-year earnings by 18 per cent to $117.6 million as net sales at 60 per cent owned subsidiary Rothmans, Benson & Hedges Inc. rose eight per cent to $670.6 million on price increases.
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16.05.2008
MISSISSAUGA, Ont. - Atomic Energy of Canada Ltd. is scrapping development of its two new MAPLE medical-isotope reactors at its Chalk River, Ont., laboratories.
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16.05.2008
CINCINNATI - FAO Schwarz will open toy stores in close to 700 Macy's department stores over the next two years, the companies said Friday.
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16.05.2008
FAIRFIELD, Conn. - General Electric Co. said Friday it plans to sell or spin-off its century-old appliance business.
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16.05.2008
WASHINGTON - Construction of new homes in the United States posted the biggest increase in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.
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16.05.2008
HALIFAX - Erdene Gold Inc. (TSX:ERD) said Friday that it and Xstrata PLC have committed to funding a feasibility study of an evaluation and development program at the Donkin coal deposit in Cape Breton Island.
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16.05.2008
SEOUL, South Korea - General Motors Corp. is considering launching its Chevrolet brand in South Korea in an attempt to capture a larger share of the country's growing market for imported cars, a company executive said Friday.
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