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at 18:28 on July 4, 2008, EDT.
TORONTO - The Toronto stock market closed lower Friday as energy stocks continued to retreat, but losses on the TSX were sharply pared because of a jump in BCE Inc. (TSX:BCE) shares after the telecom company reached a final agreement with the group seeking to buy it..
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at 17:18 on July 4, 2008, EDT.
TORONTO - Telecom giant BCE Inc. has cleared the financing hurdle widely seen as the last major step in completing its $52 billion acquisition by the Ontario Teachers' Pension Plan in the largest corporate takeover in Canadian history.
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at 19:30 on July 4, 2008, EDT.
Oil prices fell more than US$1 a barrel Friday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli military action against OPEC's second-largest oil producer.
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at 15:43 on July 4, 2008, EDT.
SAPPORO, Japan - Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the G8 economic powers face the gravest combination of economic woes in at least a decade when they gather next week.
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at 12:52 on July 4, 2008, EDT.
BEIJING - Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.
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at 12:53 on July 4, 2008, EDT.
CALGARY - Cordero Energy Inc. (TSX:COR) has formally accepted a $206-million acquisition bid from Ember Resources Inc. (TSX:EBR), ending a takeover battle that saw the junior gas producer pursued by Ember and rival Enmax Corp.
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at 11:13 on July 4, 2008, EDT.
SYDNEY, Australia - BHP Billiton Ltd. said Friday that China's Baosteel, negotiating on behalf of the Chinese steel industry, agreed to price hikes of up to 96.5 per cent for iron ore supplies this year.
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at 16:00 on July 4, 2008, EDT.
OTTAWA - New figures show that bankruptcies dropped in May.
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at 19:32 on July 4, 2008, EDT.
CALGARY - India's state-owned firm may be keen on making a $2.5-billion investment in Alberta's oilsands, but one analyst wonders how far that money will go.
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at 20:22 on July 4, 2008, EDT.
BRUSSELS, Belgium - The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed concerns about higher prices and reduced choice for European customers.
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Content Provided By Canadian Press.
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