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  • STELLARTON, Nova Scotia, May 29- Canadian Justice Minister Peter MacKay announced his resignation on Friday, the second shock departure from Prime Minister Stephen Harper's cabinet this year, just months ahead of a tough election for the governing Conservatives. "It's a perception issue now for Harper," said University of Calgary political science professor...

  • May 29- Illinois has asked the federal energy regulator to investigate whether Dynegy Inc manipulated a power auction and to block $113 million in expected overcharges from that auction for the coming year, the regulator said on Friday. The charges will hit Illinois consumers who buy electric supply through Ameren Illinois, the local delivery service...

  • OTTAWA, May 29- Canadian Justice Minister Peter MacKay is set to announce his resignation on Friday, the second shock departure from Prime Minister Stephen Harper's cabinet this year, just months ahead of a tough election for the governing Conservatives. Citing Conservative Party sources, the Canadian Broadcasting Corp and other media said MacKay will not...

  • OTTAWA, May 29- Canada's economy contracted by the most in nearly six years in the first quarter, with business investment and exports both falling as the country grappled with a slump in oil prices. The data was slightly worse than the Bank of Canada's anticipation of no growth, though Governor Stephen Poloz had said the quarter would be "atrocious" as...

  • *First-quarter GDP revised down to show contraction. *GDP shrinks at a 0.7 percent annual rate. WASHINGTON, May 29- The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.

  • OTTAWA, May 29- Canadian Justice Minister Peter MacKay is set to announce his resignation on Friday, the Canadian Broadcasting Corp said, the second shock departure from Prime Minister Stephen Harper's cabinet this year, just months ahead of a federal election. Citing a Conservative Party source, the CBC said MacKay would not seek re-election.

  • OTTAWA, May 29- Canada's economy suffered its biggest contraction in nearly six years in the first quarter with business investment and exports both falling as the country grappled with a steep decline in oil prices, Statistics Canada said on Friday. The Bank of Canada had forecast no growth in the quarter, though it said performance was likely to be "atrocious" as...

  • OTTAWA, May 29- Canadian Justice Minister Peter MacKay is set to announce his resignation on Friday, the Canadian Broadcasting Corp said, the second shock departure from Prime Minister Stephen Harper's cabinet this year just months ahead of a federal election. He is scheduled for a joint media event with Harper in Halifax later on Friday. Foreign Affairs...

  • *Small-cap benchmark Russell 2000 to add, delete components. *$5 trillion benchmarked to Russell indexes. NEW YORK, May 29- Investors trying to capitalize on the annual tweaks to the makeup of Russell stock indexes may produce a rush of transactions worth over $40 billion in the final moments of trading on Friday, June 26, when those changes are formalized.

  • SINGAPORE, May 29- U.S. crude oil prices edged up on Friday after American inventories fell for a fourth straight week and Canadian wildfires knocked out 10 percent of its oil sands output. *Front-month U.S. crude futures were up 43 cents from their last settlement at $58.11 per barrel by 0020 GMT on Friday. *The U.S. Energy Information Administration said crude oil...

  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • BILLINGS, Mont.— U.S. transportation officials are extending an order for railroads to notify states about shipments of hazardous crude oil shipments. Trains hauling crude from the Bakken region of North Dakota and Montana have been involved in multiple fiery derailments in recent years, including a 2013 derailment that killed 47 people in Lac-Megantic,...

  • DETROIT, May 28- Three automakers on Thursday widened recalls of cars and trucks with Takata Corp air bags and the U.S. Congress set a hearing next week on the safety issue that has been linked to six deaths. Takata last week complied with demands of U.S. safety regulators and doubled the vehicles to be involved in air bag recalls to 34 million, making it the largest...

  • NEW YORK/ LONDON, May 28- Gold inched higher after hitting a 2-1/ 2 week low on Thursday as the dollar and global shares fell alongside uncertainty about Greece and an unexpected rise in U.S. jobless claims. Spot gold was up 0.1 percent at $1,188.30 an ounce by 2:26 p.m. EDT after falling to $1,180.55, the lowest since May 11. European Central Bank Vice President Vitor...

  • CALGARY, Alberta, May 28- Firefighters battled wildfires in northern Alberta, Canada's biggest crude-producing region, for a sixth day on Thursday, with two blazes near oil sands facilities still out of control. That blaze has forced Cenovus Energy Inc and Canadian Natural Resources Ltd to shut down production and evacuate staff from their Foster Creek and...

  • DETROIT, May 28- Fiat Chrysler Automobiles, Honda Motor Co and BMW on Thursday expanded recalls of vehicles with potentially deadly air bags made by Takata Corp, after the Japanese manufacturer last week boosted the number of vehicles affected to 53 million globally. The recalls announced on Thursday are part of that widened Takata recall.

  • NEW YORK, May 28- Oil prices were mixed on Thursday, with Brent up slightly and U.S. crude hovering near one-month lows, on concerns the rate of weekly drawdowns in U.S. crude stocks will not last. The U.S. Energy Information Administration said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially...

  • Railroad bridge fire and collapse ruled accidental Thursday, 28 May 2015 | 12:00 PM ET

    INTERNATIONAL FALLS, Minn.— Canadian National Railway officials are working around the clock to rebuild an old wooden railroad bridge that burned and collapsed near Minnesota's northern border. Koochiching County Sheriff Perryn Hedlund says officials started removing debris from the bridge and three train cars hours after the bridge caught fire and then...

  • UPDATE 7-Oil steadies after U.S. crude data Thursday, 28 May 2015 | 11:25 AM ET

    LONDON, May 28- Oil prices steadied on Thursday on news that U.S. crude stocks fell for a fourth week, suggesting the U.S. market was rebalancing after a long period of oversupply. Data from the Energy Information Administration on Thursday showed crude oil inventories fell by 2.8 million barrels in the last week, compared with analysts' expectations for an...

  • UPDATE 6-Oil drops as dollar rally resumes Thursday, 28 May 2015 | 10:15 AM ET

    LONDON, May 28- Oil prices fell to their lowest levels in a month on Thursday as the dollar resumed a 10- day rally, making fuel more expensive for holders of other currencies. "Much depends on the U.S. dollar," said Carsten Fritsch, senior oil and commodities analyst at Commerzbank in Frankfurt. Front-month Brent was down 40 cents at $61.66 a barrel by 1410 GMT.