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Business Canada

  • *Speaks on eve of trip to India, Philippines, Hong Kong. Speaking on the eve of a trip to India and other parts of Asia, Harper said in an interview published in Saturday's Postmedia newspapers that Canada as a general rule welcomes foreign investment.

  • Nov 3- As Sandy hammered the northeast United States this week killing more than 100 people, contingency plans were washed away and businesses had to improvise as the storm knocked out power to millions and stranded entire communities.

  • *Jones Act shipping waivers to ease East Coast fuel crunch. NEW YORK, Nov 2- Crude oil and gasoline futures fell more than 2 percent on Friday after Washington issued a waiver allowing foreign tankers to bring fuel to the East Coast from U.S. ports, holding out some promise of relief from supply disruptions caused by superstorm Sandy.

  • Nov 2- Canadian construction and engineering company SNC Lavalin Group Inc, under investigations for alleged bribery, on Fr iday reported a narrower-than-expected 8 percent decline in third-quarter profit, and its shares rose nearly 5 percent.

  • *Jones Act shipping waivers to ease East Coast fuel crunch. NEW YORK, Nov 2- Crude oil and gasoline futures fell more than 2 percent on Friday after Washington issued a waiver allowing foreign tankers to bring fuel to the East Coast from U.S. ports, holding out some promise of relief from supply disruptions caused by superstorm Sandy.

  • Nov 2- Thomson Reuters Corp reported on Friday a 15 percent fall in operating profit because of declining revenue and higher costs at its division that serves the financial industry.

  • *U.S. grants Jones Act waivers to ease East Coast crunch. Gasoline futures weakened as oil tankers and pipelines supplying New Jersey and the New York Harbor- the delivery point for the U.S. contract- restored more operations that had been roiled by Sandy.

  • Fuel economy errors affect 13 Kia, Hyundai models. The U.S. Environmental Protection Agency found the errors in 13 Kia and Hyundai models from the 2011 to 2013 model years.

  • *Profit ex-items $2.55/ share, misses $2.83 analysts' view. Increasing output from the wellhead is a struggle for many big oil companies, including Exxon Mobil Corp and Royal Dutch Shell.

  • Nov 2- Thomson Reuters Corp reported on Friday a 15 percent fall in operating profit because of declining revenue and higher costs at its division that serves the financial industry.

  • WASHINGTON, Nov 2- The contentious U.S.- China trade relationship has been a major issue in the U.S. race for the White House, with President Barack Obama defending his record and Republican challenger Mitt Romney promising tougher tactics if elected.

  • WASHINGTON, Nov 2- U.S. employers stepped up hiring in October and the jobless rate ticked higher as more workers restarted job hunts, a hopeful sign for a lackluster economy that has been a drag on President Barack Obama's re-election chances. Employers added 171,000 people to their payrolls last month, the Labor Department said on Friday.

  • OTTAWA, Nov 2- Canadian job growth stalled in October after two months of strong hiring, Statistics Canada data showed on Friday, confirming expectations employment gains would ease to reflect sluggish economic growth. The underlying details are still fairly positive,'' said David Tulk, chief Canada macro strategist at TD Securities.

  • Nov 2- Hyundai Motor Co and its affiliate Kia Motors Corp overstated the gasoline mileage for more than 1 million 2011-2013 model year cars in the United States and Canada, and will offer debit cards to customers to make up the difference.

  • Nov 2- Canadian construction and engineering company SNC Lavalin Group Inc, under investigations for alleged bribery, reported on Friday a narrower-than-expected 8 percent decline in third-quarter profit, and its shares rose more than 4 percent.

  • WASHINGTON- U.S. employers stepped up hiring in October and the jobless rate ticked higher as more workers restarted job hunts, a hopeful sign for a lacklustre economy that has been a drag on President Barack Obama's re-election chances. ( USA- ECONOMY/JOBS, moving shortly, by Jason Lange, 830 words).

  • PARIS, Nov 2- Alcatel-Lucent is considering selling its submarine cable business and a unit that supplies telephone systems to big companies as part of its effort to shore up its balance sheet, according to sources familiar with the matter.

  • OTTAWA, Nov 2- Canada's job market stalled in October after two months of strong hiring, Statistics Canada data showed on Friday, confirming expectations employment gains would ease to reflect sluggish economic growth. The underlying details are still fairly positive,'' said David Tulk, chief Canada macro strategist at TD Securities.

  • WASHINGTON, Nov 2- U.S. employers stepped up hiring in October and the jobless rate ticked higher as more workers restarted job hunts, a hopeful sign for a lackluster economy that has been a drag on President Barack Obama's re-election chances. Employers added 171,000 people to their payrolls last month, the Labor Department said on Friday.

  • The upscale furniture retailer, backed by private equity firms Catterton Partners and Tower Three Partners LLC, opened New York Stock Exchange trading at $32.05 after pricing at the high end of the expected range at $24.