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18.05.2008

CAW ratifies deals with GM, Chrysler to wrap up negotiations with Big Three

TORONTO - Canadian Auto Workers members have ratified a new collective agreement with Chrysler, wrapping up its 2008 round of negotiations with the Big Three.

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18.05.2008

UAW and American Axle reach tentative deal that could end strike

DETROIT - American Axle and Manufacturing Holdings Inc. boosted its wage offer and increased the payments it will give workers to take a wage cut as part of a tentative agreement that could settle an 11-week strike by the United Auto Workers union, a person briefed on the deal said Saturday.

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18.05.2008

U.S. Forest Service to require bond for Canadian company's mine in Idaho

BOISE, Idaho - The U.S. Forest Service is requiring that a Canadian company post bonds before exploring or expanding a gold mine in Idaho.

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17.05.2008

UAW and American Axle reach tentative deal that could end strike

DETROIT - American Axle and Manufacturing Holdings Inc. boosted its wage offer and increased the payments it will give workers to take a wage cut as part of a tentative agreement that could settle an 11-week strike by the United Auto Workers union, a person briefed on the deal said Saturday.

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16.05.2008

Energy stocks help send TSX to 3rd record close this week; NY down on data

TORONTO - The Toronto stock market racked up its third record close for the week on Friday as investors continued to pile into energy and metals stocks and oil prices cruised to new highs.

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16.05.2008

Saudi Arabia rejects President Bush's call to raise oil production

RIYADH, Saudi Arabia - Saudi Arabia's leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing U.S. President George W. Bush amid soaring gasoline prices.

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16.05.2008

General Motors workers ratify new tentative agreement in three locations

TORONTO - Canadian Auto Workers members at three General Motors locations in Ontario ratified a new collective agreement on Friday.

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16.05.2008

Oil sets record near US$128 a barrel; pump price at high, too

NEW YORK - News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets - the move wasn't anywhere near the kind of production increase needed to bring prices down on Friday.

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16.05.2008

New motor vehicles record strongest gain since 1998 in first quarter

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

US oil shipments into the Strategic Petroleum Reserve cancelled

WASHINGTON - Responding to congressional pressure, the Bush administration on Friday said it is suspending oil deliveries into the government's Strategic Petroleum Reserve for the remainder of the year.

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Content Provided By Canadian Press.

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