CANADA

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Alcan Turns to BHP After Spurning Alcoa: Report

Canadian aluminum producer Alcan Inc. (NYSE:AL) is in early talks with the world's largest minining company, BHP Billiton Ltd.(NYSE:BHP), as it attempts to fend off an unsolicited $27 billion bid from U.S. rival Alcoa Inc.(NYSE:AA), according to a published report.

Alcan Rejects Alcoa's $27.6 Billion Bid

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Canadian aluminum producer Alcan Inc. (NYSE: AL) said late Tuesday that its board has unanimously rejected an advance from rival U.S company Alcoa Inc. (NYSE: AA), calling the $27 bid 'inadequate in multiple respects.'

'Titanic' Contemporary Cruises to Japan

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The world’s oldest ocean-going passenger vessel, two years younger than the ill-fated Titanic, arrived in Japan's southernmost island over the weekend as part of a global tour.
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Merck Settles $2.3 Billion IRS Dispute

Merck & Co. (NYSE: MRK) said Wednesday it will pay $2.3 billion in taxes, interest and penalties to settle a dispute with the Internal Revenue Service.
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Skype to Charge for Unlimited Phone Call Plan

Following a free calling promotion in the US and Canada earlier this year, Internet communications firm Skype will now offer customers a year-long unlimited calls plan at a flat rate.
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TSX Group CEO to Visit Brazil

The CEO of Canada's national Stock exchange, the TSX Group Inc will be traveling to Brazil this week to meet issuers who want to issue their shares on the Toronto Stock Exchange and TSX Venture Exchange.
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Nokia Enhances Mobile Search Application

The world's largest cell-phone manufacturer said on Thursday that it is adding more resources for its Mobile Search service, allowing users to find more of what they are looking for, despite location.
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Pepsi Bottling 3Q Profit Rises

Pepsi Bottling Group Inc., the largest bottler of Pepsi drinks, on Tuesday said quarterly net profit rose about 1 percent, helped by strong sales in Europe, and raised the bottom end of its full-year earnings forecast. Pepsi Bottling said net income increased to $207 million, or 86 cents per share, for the third quarter ended September 9, from $205 million, or 82 cents per share, a year ago.
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ING Finds Success in Online Banking

As more and more people turn to the Internet to pay bills and shop for goods and services, Dutch financial services group ING has carved out a lead in what was once considered the most elusive of online services: banking.
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Japan's Olympic Commission Appoints Director

The Japanese Olympic Commission (JOC) will appoint Tokyo Governor Shintaro Ishihara as the director-general of Tokyo Olympic Bidding Committee for the 2016 Summer Games, the commission said on Friday.
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Housing bashes lumber price despite U.S.-Canada deal

Lumber prices have lost a third of their value since January amid a cooling U.S. housing sector, and a softwood trade deal between the United States and Canada won't stem the slide soon because implementation may be delayed.
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RIM results smashed expectations

BlackBerry maker Research In Motion Ltd. breezed past investor and analyst expectations in delivering its second-quarter results on Thursday and forecast strong growth in subscribers for the future......
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Ford Motor Credit to Cut 2,000 Jobs

Ford Motor Credit Company said on Thursday it will reduce costs in the U.S and Canada by cutting 2,000 jobs and will consolidate most of its servicing operations.
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Newmont sees lower gold sales ahead

Newmont Mining Corp said its gold sales would drop this year and next but would recover in 2008 and 2009 when projects in the United States, Ghana and Australia reach full production.
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FUND FOCUS-Commodities undervalued by 30 percent

The oil price might have fallen almost 25 percent from its peak, but the commodities sector as a whole is undervalued by around 30 percent giving further opportunity for growth according to one fund manager.
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Canadian investor to avoid Telstra offer

Canadian institutional investor Erik Sardain is looking for an exciting investment opportunity in Australia over the next few months, and at the moment it doesn't look like the $8 billion Telstra share offer quite fits the bill.
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BP to Invest $3 Billion in Whiting Refinery

BP today announced that it had entered the final planning stage of a $3 billion investment in Canadian heavy crude oil processing at its Whiting Refinery in northwest Indiana.

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