Next 15 Venezuela takes control of Spanish-owned Banco de Venezuela in nationalization July 03, 2009 - 5:29 pm CARACAS, Venezuela - President Hugo Chavez's government has taken control of the country's third largest bank - Banco de Venezuela. The government agreed in May to pay Spain's Grupo Santander more than US$1 billion for the nationalization announced last year. The deal was sealed ... Bell installation and repair technicians vote to approve new five-year contract July 03, 2009 - 4:41 pm TORONTO - The union representing 2,500 Bell installation and repair technicians in Ontario said Friday the workers have voted to accept a new five-year contract. The contract will increase wages for permanent technicians by 15 per cent over the term of the contract as well as provide ... Net mutual fund redemptions between $1.3B and $1.8B for June, IFIC says July 03, 2009 - 3:37 pm TORONTO - Net redemptions of mutual funds for June were estimated to be between $1.3 billion and $1.8 billion, according to the Investment Funds Institute of Canada. IFIC estimated Friday that net assets of the mutual fund industry for the month of June will be between $542.9 billion and ... Chinese company makes bids for GM's Opel division; alternative to Magna July 03, 2009 - 3:36 pm TORONTO - General Motors Corp. confirmed Friday it has received a non-binding offer from a Chinese concern for its Opel division. GM Europe spokesman Christopher Preuss refused to give details of the offer from Beijing Automotive Industry Holding Co., but the offer adds to the U.S ... Talks between Air Canada, machinists' union likely to stretch through weekend July 03, 2009 - 3:29 pm MONTREAL - Talks between Air Canada (TSX:AC.B) and the union representing its mechanics and technical staff will likely continue through the weekend as the airline tries to obtain a wage freeze and pension relief it says it needs to survive the recession. Bill Trbovich, spokesman for the ... Most active shares in Toronto on Friday July 03, 2009 - 1:46 pm TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (10,288.01, up 42.10 points): Teck Resources Ltd. (TSX:TCK.B) Mining. Up $1.49 or eight per cent to $19.99 with 15,584,048 traded. Teck struck ... Toronto stock market closes flat on low trading volume; New York closed July 03, 2009 - 1:45 pm TORONTO - The Toronto stock market ended the week flat as investors weighed weak oil prices with good news out of the base metals sector. The S&P/TSX composite index inched up 37.19 points to 10,283.10 Friday, led by news that mining giant Teck Resources Ltd. (TSX:TCK.B) has sold a ... Victoria Square Ventures to provide $3 million for Adaltis CCAA restructuring July 03, 2009 - 1:04 pm MONTREAL - Adaltis Inc. (TSX: ADS) received court protection under the Companies' Creditors Arrangement Act on Friday, providing some hope that the life sciences company can continue operating while it works out a survival plan. The Quebec Superior Court granted Adaltis's request after a ... Oil brokerage reports $10 million loss on unauthorized trading in Brent oil this week July 03, 2009 - 12:30 am LONDON - PVM Oil Associates, the world's biggest over-the-counter oil brokerage, says it lost nearly $10 million this week because of unauthorized trades that caused a temporary spike in Brent crude markets. PVM said in a statement late Thursday that it was investigating the trades, which ... $10 billion plan signed for pipeline that would ship gas from Africa to Europe July 03, 2009 - 12:29 am ABUJA, Nigeria - Nigeria, Algeria and Niger have signed an agreement to create a $10 billion pipeline that would ship gas across the Saharan desert to Europe, Nigeria's state oil company said Friday. The plan comes as Europe seeks new sources of gas imports as it currently depends on ... British Airways to cut seats, delay acquiring new planes as recession hits July 03, 2009 - 12:07 am LONDON - British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven decline in passengers. The airline said it carried 2.93 million passengers in June, five per cent ... Crescent Point Energy aims to produce 44,500 barrels per day by year-end July 03, 2009 - 10:55 am CALGARY - Crescent Point Energy Corp. says its expects its 2009 production to average the equivalent of 42,000 barrels of oil per day, and expects to end the year producing more than 44,500 boe/d following a series of asset purchases and sales. The company, which has converted from an ... Unemployment to rise into 2010 despite economic recovery: Flaherty July 03, 2009 - 10:22 am OTTAWA - Finance Minister Jim Flaherty now expects Canada's economic recovery to be modest and for job losses to mount into 2010 even after growth has begun. Flaherty gave his most recent and sobering assessment of economic prospects in a conference call from Chile on Friday, after a ... BG exercises pre-emption bid for Canadian Superior stake in Trinidad gas field July 03, 2009 - 9:32 am CALGARY - BG International will exercise its right to buy a 45 per cent stake in a natural gas property off the coast of Trinidad from Canadian Superior Energy Inc. (TSX:SNG), the two companies announced Friday. Under the pre-emption offer, the British-based concern will pay US$142.5 ... Austrian transport operator orders 23 trams from Bombardier July 03, 2009 - 9:01 am BERLIN - Austrian transport operator Linz Linien has placed a US$93-million order for another 23 trams from Bombardier Inc. (TSX:BBD.B), the Montreal-based rail and aerospace equipment maker. The Flexity Outlook trams are manufactured at Bombardier's factories in Vienna and Bautzen, ... Next 15

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