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  • UPDATE 1-Cloud services power OpenText's revenue beat Wednesday, 30 Jul 2014 | 6:34 PM ET

    July 30- Canadian business software maker Open Text Corp reported a better-than-expected 42 percent jump in quarterly revenue, largely driven by higher demand for its cloud services. Open Text, which makes software that helps companies manage documents and workflow, bought privately held cloud services provider GXS Group Inc for $1.17 billion in November.

  • July 30- Canadian business software maker Open Text Corp reported quarterly revenue above analysts' estimates, largely driven by higher demand for its cloud services. The company said it appointed John Doolittle as Chief Financial Officer, effective Sept. 8.

  • TORONTO, July 30- Canada's main stock index had its highest close on record on Wednesday, boosted by positive U.S. economic data and the Federal Reserve's commentary on the outlook for monetary policy.

  • CALGARY, July 30- Penn West Petroleum Ltd said it has uncovered accounting irregularities that misclassified nearly C $300 million in expenses over the last four years, and the Canadian oil producer will restate its results.

  • The company also announced a plan to buy back up to an additional $1 billion in shares through the end of 2015 after completing a $1 billion program announced last October.

  • July 30- Canada's Torstar Corp reported a 7 percent fall in revenue at its media business, which publishes the country's largest daily newspaper, the Toronto Star. Torstar, almost one-quarter owned by Prem Watsa's Fairfax Financial Holdings Ltd, said print advertising revenue was likely to remain under pressure for the rest of the year.

  • Toronto Star publisher Torstar's media sales fall Wednesday, 30 Jul 2014 | 6:57 AM ET

    July 30- Canada's Torstar Corp reported a 7 percent decline in revenue at its media business, which publishes the country's largest daily newspaper, the Toronto Star. Revenue in the media business fell to C $237.3 million as the company continued to struggle with low print advertising sales.

  • July 30- Cenovus Energy Inc, Canada's No.2 independent oil producer, said its second-quarter profit more than tripled, helped by increased production at its Christina Lake oil sands project in northern Alberta.

  • Cenovus' profit triples as oil sands production jumps Wednesday, 30 Jul 2014 | 6:21 AM ET

    July 30- Cenovus Energy Inc, Canada's No.2 independent oil producer, said its second-quarter profit more than tripled, helped by increased production at its Christina Lake oil sands project in northern Alberta.

  • July 29- United States Steel Corp reported a narrower second-quarter loss on Tuesday as steel prices improved, but the impact of bad weather, higher repairs and maintenance costs continued to weigh on earnings. Net loss narrowed to $18 million, or 12 cents a share, in the three months to end-June from $78 million, or 54 cents, a year earlier.

  • CALGARY, Alberta, July 29- Talisman Energy Inc, Canada's fifth-largest independent petroleum producer, declined to offer additional details on its talks with Spain's Repsol SA on Tuesday, after it reported a surprise loss, hurt by lower gas prices in North America and higher royalty payments on production.

  • U.S. Steel loss narrows in second quarter Tuesday, 29 Jul 2014 | 4:20 PM ET

    July 29- United States Steel Corp reported a narrower second-quarter loss on Tuesday as steel prices improved, but the impact of bad weather, higher repairs and maintenance costs continued to weigh on earnings. Net loss narrowed to $18 million, or 12 cents a share, in the three months to end-June from $78 milllion, or 54 cents, a year earlier.

  • "It is a really reassuring sign that BlackBerry is now less focused on firefighting and more focused on identifying and building for the long-term into enterprise services," said CCS Insight analyst Geoff Blaber. Still, BlackBerry shares fell 4 percent to $9.54 on Nasdaq and C $10.45 on the Toronto Stock Exchange.

  • Global task force created after plane shot down Tuesday, 29 Jul 2014 | 2:52 PM ET

    MONTREAL— The United Nations agency that governs civil aviation said Tuesday it is creating a task force aimed at improving security measures after the shoot-down of a Malaysia Airlines jet over eastern Ukraine.

  • CLEVELAND, July 29- Casablanca Capital triumphed on Tuesday in its proxy battle with miner Cliffs Natural Resources Inc, preliminary estimates show, putting the hedge fund in a position to replace Cliffs' chief executive and sell off underperforming assets.

  • BERLIN, July 29- Major airlines are taking differing stances to flying over Iraq, reflecting the piecemeal approach airlines currently take to flying over conflict zones and ahead of an international meeting of industry representatives to discuss the issue.

  • TORONTO, July 29- Lifted by strong demand and market-beating quarterly results, WestJet Airlines Ltd on Tuesday laid out growth plans including increased capacity and new turboprops for its regional carrier.

  • *Baudot-Trajtenberg doesn't see economic shock from Gaza conflict. JERUSALEM, July 29- Israel is unlikely to cut interest rates again as the shekel is not strengthening as much as last year and the war in Gaza should not have a major impact on the economy, the central bank's deputy governor said.

  • Disabled commuter train to NYC cleared from tracks Tuesday, 29 Jul 2014 | 9:24 AM ET

    The Northeast Corridor train, carrying about 1,000 passengers, was scheduled to arrive at Penn Station at 8:39 a.m. but broke down near 10th Avenue, said NJ Transit spokesman William Smith.

  • July 29- WestJet Airlines Ltd, Canada's No. 2 carrier, posted a bigger-than-expected quarterly profit as higher ticket prices and fees helped it offset steeper fuel costs and a weaker Canadian dollar. The airline also agreed to buy five Bombardier Inc Q400 NextGen turboprop planes for its Encore regional carrier, Bombardier said in a separate statement.