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  • Dec 21- CNOOC Ltd's Nexen unit said on Sunday it was shutting operations at an oilfield and processing facility in Yemen, where the Islamist militant al Qaeda group is operating, due to a security threat. Yemen has been in turmoil since 2011 mass protests forced veteran president Ali Abdullah Saleh to step down, and tensions have increased since Shi'ite Muslim...

  • US companies eager to embrace Cuba face hurdles Sunday, 21 Dec 2014 | 11:13 AM ET

    American businesses have begun imagining ways to capitalize on last week's announcement that the United States will restore diplomatic ties with Cuba and ease curbs on trade with one of the last surviving Communist regimes. Their more ambitious plans would require that Congress lift the U.S. embargo on most exports to Cuba. All that said, Cuba experts have a...

  • FARGO, N.D.— Prosecutors described a Toronto man's massive credit card fraud scheme as high-tech bank robbery— stealing the identities of 38,000 people in order to bilk dozens of banks. Nearly 2½ years later, following the government's petition to the 8th U.S. Circuit Court of Appeals, a federal judge ordered Adekunle Adetiloye to pay about $1.5 million in...

  • Dec 21- CNOOC Ltd's Nexen unit is shutting operations at an oil field and processing facility in Yemen due to a security threat, a Nexen spokeswoman said on Sunday. The spokeswoman said Nexen determined there is an undue risk for staff working at its Block 51 field operations and BAK PF processing facility in Yemen. China's CNOOC acquired Calgary, Alberta- based...

  • President Barack Obama said on Friday that construction of the Keystone XL pipeline to transport crude oil from Canada to the U.S. Gulf Coast would only nominally benefit American consumers and workers in perhaps his strongest comments on the Canada- to-U.S. pipeline to date. His comments come as Republican leader Mitch McConnell has said his party's first...

  • Dec 19- Canadian performance company Cirque du Soleil has hired investment bank Goldman Sachs Group Inc to help in its previously disclosed effort to find a strategic partner, a spokeswoman for the company said on Friday. Cirque du Soleil will appeal to both private equity firms and large media companies that are looking to increase their exposure to live...

  • TORONTO, Dec 19- Sears Canada Inc is stepping up spending on areas such as its website and profitable merchandise categories while looking to exit unprofitable product lines as part of its turnaround plan, the retailer's new acting chief executive said on Friday. Sears Canada, which has seen its fourth CEO in three years, has been working on turning around...

  • NEW YORK, Dec 19- There are plenty of delicate subjects during the holiday season, but one of the touchiest could be regifting. Susan Choi and Pete Wells have developed a different approach. Instead of whispering about regifting, the Brooklyn, New York City couple are shouting it from the rooftops.

  • TORONTO, Dec 19- BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts' expectations of $931.5...

  • TORONTO, Dec 19- BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts' expectations of $931.5...

  • TORONTO, Dec 19- BlackBerry Ltd on Friday reported a small adjusted third-quarter profit and returned to positive cash flow, but shares fell as revenue declined more than expected. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of expectations. Colin Gillis, tech analyst at BGC Partners in New York, said BlackBerry Chief Executive...

  • BlackBerry reports 3Q loss Friday, 19 Dec 2014 | 7:06 AM ET

    WATERLOO, Ontario _ BlackBerry Ltd. on Friday reported a loss of $148 million in its fiscal third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share. Analysts expected $927.8 million, according to Zacks.

  • Dec 18- Unifor, Canada's largest private sector workers' union, said it was unable to reach agreement with Canadian National Railway Co after months of negotiations. Unifor, which has five collective agreements with CN Rail, had opened talks in September on contracts for about 5,000 workers across the country. "CN remains optimistic that it can reach an agreement...

  • UPDATE 2-Canada unveils major wireless spectrum plan Thursday, 18 Dec 2014 | 5:18 PM ET

    By that point, a quarter of all wireless spectrum will be held by companies other than the three dominant national wireless providers- Rogers Communications Inc, Telus Corp and BCE Inc's Bell- that had previously controlled some 97 percent of the airwaves, Industry Minister James Moore said at an event in Vancouver. The plan, which includes blocking those three...

  • The greenback hit a 28- month high against the Swiss franc at 0.9847 franc after the Swiss National Bank said it would impose an interest rate of -0.25 percent on some large deposits held by investors in francs, as it seeks to discourage buying of the currency as a safe haven. The euro hit its lowest level against the dollar since Dec. 8, at $1.2266, while the dollar...

  • Questions and answers about traveling to Cuba Thursday, 18 Dec 2014 | 2:51 PM ET

    While the U.S. plans to restore diplomatic ties with the Caribbean island nation, globe-trotting tourists won't be able to hop on a plane to Havana anytime soon. Still, travel companies are salivating at the chance to set up shop in Cuba. Delta Air Lines, JetBlue Airways, Hilton Worldwide, Marriott International and the Carnival Corp. all expressed interest this...

  • That is about to change with more Americans being allowed to travel to Cuba after President Barack Obama moved this week to restore diplomatic relations, even though tourism remains restricted. "Right now we come to Cuba and.. things are pretty much as they were," Dugald Wells, chief executive officer of Cuba Cruise said from Toronto. Canada, which has had diplomatic...

  • TORONTO, Dec 18- Europe, Russia and the Ukraine have a common interest in finding a solution to the region's recent problems and Russia should be viewed as part of Europe, the chief executive of Societe Generale said on Thursday. "Just keep in mind that Russia is part of Europe," he told a business audience in Toronto. Europe, Ukraine, Russia have a common interest to find...

  • WASHINGTON, Dec 18- The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen. "The economy continues to run hard as it finishes out the year," said Chris Rupkey, chief financial economist at MUFG Union Bank in New York. Initial claims for state unemployment benefits...

  • Aer Lingus rejects bid by British Airways parent Thursday, 18 Dec 2014 | 11:24 AM ET

    DUBLIN— Irish airline Aer Lingus has rejected a takeover bid by the International Consolidated Airlines Group, the parent company of British Airways and Spain's Iberia. Those gains were sharply pared after IAG issued a statement confirming its proposal had been rejected by the Aer Lingus board, but the stock still finished Dublin trading up 9 percent at a...