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Business Canada

  • CHICAGO, Oct 9- Narayana Kocherlakota surprised economists around the world last month when he called on the U.S. central bank to hold interest rates near zero, possibly for several years to come.

  • HOFFMAN ESTATES, Ill.-- Sears anticipates that it will receive about $346.5 million in gross proceeds from a rights offering related to the spinoff of its Hometown and Outlet stores. Sears Holdings Corp. had signaled in February that it would split off the companies as a separate publicly traded entity.

  • *Corporate tax revenue coming in to Ottawa was up slightly last year, even as the Conservative government was in the midst of an aggressive plan to lower the corporate tax rate.

  • ROME-- The United Nations said Tuesday its 2009 headline-grabbing announcement that 1 billion people in the world were hungry was off-target and that the number is actually more like 870 million.

  • Shares in French movie studio EuropaCorp surge 13 percent after Liam Neeson thriller "Taken 2", which it co-produced, captures the No. 1 spot on movie box office charts over the weekend.

  • Oct 9- Green Mountain Coffee Roasters Inc. The deal, which complements similar ones with Starbucks, Dunkin' Brands Group Inc and Caribou Coffee Co, comes as Green Mountain is working to fend off competition from lower-cost rivals, including private-label manufacturers.

  • *Recalls classic wood highchairs due to fall Hazard. *U.S. cpsc- recalls about 86,000 units in the United States and 3,400 units. *U.S. cpsc- Graco received 58 reports of high chairs' seats loosening or.

  • Oct 9- Continental Resources Inc, the top oil producer in the Bakken region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.

  • Though the study did not prove cause and effect, and did not use a formal diagnosis of ADHD, it may offer insights into a condition that's estimated to have an impact on one in 10 children in the United States, researchers say. "The really important message is to eat fish," said Sharon Sagiv, the study's lead author from the Boston University School of Public Health.

  • LOS ANGELES, Oct 7- Liam Neeson thriller "Taken 2" captured the No. 1 spot on movie box office charts over the weekend with a brawny $50 million take from theaters in the United States and Canada.

  • PORTLAND, Ore.-- Three former Oregon governors are joining the current chief executive in opposing a proposal to build the state's first nontribal casino. Republican Vic Atiyeh and Democrats Barbara Roberts and Ted Kulongoski implored voters to oppose Measures 82 and 83, which would allow developers to build a casino in Portland's eastern suburbs.

  • SEATTLE-- Alaska Airlines operations slowly were returning to normal Monday afternoon after a fiber-optic outage shut down its ticketing system for five hours, cancelling flights in Seattle and Los Angeles and causing delays across the airline's 64- airport network.

  • *Marathon to purchase refinery for $598 million. HOUSTON, Oct 8- Marathon Petroleum Corp is buying BP Plc's Texas City refinery, the site of a deadly industrial accident, in a $2.5 billion deal that will make it the No. 4 U.S. refiner with a bigger potential slice of lucrative exports.

  • *US, Canada growth both seen around 2 pct in 2012, 2013. WASHINGTON, Oct 8- The United States will continue to notch modest growth of around 2 percent growth this year and next but must avoid a year-end' fiscal cliff' of tax hikes and spending cuts that would tip it back into recession, the IMF said on Monday.

  • MOYO ISLAND, Indonesia, Oct 9- The seaplane taxiing over a coral reef to deliver tourists to a remote luxury resort may soon become a more familiar sight in Indonesia, an archipelago of 17,000 islands and only 183 airports.

  • Oct 8- Kraft Foods Group Inc:. *Says affected product was not distributed in Canada. *Says affected product was produced in Campbell, NY.

  • *Canadian company D-Wave lands $30 million investment.

  • SEATTLE-- Alaska Airlines has fixed the computer problem that delayed flights Monday across its 64- airport network on the West Coast and in Mexico and Canada, and operations slowly were returning to normal. Alaska Airlines said the data connection was restored before 1 p.m. but passengers could still expect some delays as the system adjusted.

  • SEATTLE-- Alaska Airlines says its computer connections have been restored, and operations are returning to normal at its airport gates. The problem started just before 8 a.m. Monday when the airline lost its connection to the Sabre reservation system because of two cut Sprint fiber optic lines.

  • The failure has caused delays at the Seattle- based airline's entire network of 64 destinations, which also includes airports in Alaska, Mexico and Canada. Alaska Airlines has an average of 436 flights a day.