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Ontario finance minister Duncan answers questions at a news conference after the Canadian finance ministers meeting in Kananaskis.

Ontario cuts growth targets, says budget on track

The Ontario government cut its growth, revenue and reserve targets on Wednesday, but said it was still on track to balance the budget in six years, without lowering total program spending or raising taxes.

Volkswagen seeks changes in U.S. fuel rule

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Volkswagen has pressed U.S. regulators to change a proposal to double auto fuel efficiency, arguing the plan puts it at a competitive disadvantage and unfairly de-emphasizes clean diesel engines.
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Models pose in front of a Fiat Panda during the International Motor Show (IAA) in Frankfurt

Fiat, Fiat Industrial Preference and Saving Shares Soar

Preference and savings shares in Italian auto maker Fiat SpA and truck and heavy machinery maker Fiat Industrial SpA soared on Friday after the two groups announced plans to convert these share classes into ordinaries.
UAW, Chrysler Begin Contract Talks

Tentative Labor Deal Reached by Chrysler, UAW

The deal negotiated by Chrysler and the United Auto Workers includes a boost in hourly wages, additional bonuses, and an agreement by the company to bring over 2,000 jobs to the United States.
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Corrected: Insight: New bankruptcy ripples may emerge

Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.
WORKER ENTERS KODAK CORPORATE HEADQUARTERS IN ROCHESTER NEW YORK.

New Bankruptcy Ripples may Emerge in Tough Economy

Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.
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Deadline for Auto Fuel Economy Proposal to Slip

The Obama administration will push back the release of the most ambitious proposal ever for automakers to improve fuel efficiency of their passenger cars, sport utility vehicles and pickups.
An American flag flies in front of the United Auto Workers union logo

UAW OKs GM Deal

Workers represented by the United Auto Workers union approved a four-year labor contract with General Motors Co on Wednesday, the first such deal for the top U.S. automaker since its 2009 bankruptcy.
A Ford truck sits for sale under an American flag at a dealership lot in Encinitas, California

Pace of UAW, Ford talks expected to quicken

The United Auto Workers expect the pace of talks with Ford Motor Co to quicken now that the sides are tackling economic issues and union President Bob King is at the table, a union official said on Monday.
Actor Cliff Robertson

Oscar Winner Cliff Robertson Died a Day After His 88th Birthday

American actor, Cliff Robertson who was best known for his Oscar-winning performance as Charly Gordon in the 1968 film Charly, died of natural causes a day after his 88th birthday on Saturday in Stony Brook, N.Y., Evelyn Christel, his longtime personal secretary said.
President Barack Obama

Obama previews jobs speech, challenges Republicans

President Barack Obama previewed proposals on Monday for new infrastructure spending and an extension of payroll tax cuts as part of a major jobs package he will unveil this week, and challenged Republicans to find common ground with him.
TD Bank raises dividend as profit jumps 23 percent

TD Bank raises dividend as profit jumps 23 percent

Toronto-Dominion Bank (TD.TO: Quote) boosted its dividend on Thursday as it reported that strong loan volumes in the United States and Canada drove it to a higher-than-expected quarterly profit, pushing its shares higher.

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