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17.05.2008

Union members at three Ontario General Motors plants ratify new agreement

TORONTO - Canadian Auto Workers at three General Motors plants have ratified a new labour deal that mirrors agreements with other major auto makers.

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17.05.2008

UAW, American Axle reach deal that could end strike

DETROIT - A bitter 80-day United Auto Workers strike against an auto parts maker that has crippled dozens of General Motors Corp. factories could be coming to an end soon with a tentative contract agreement reached Friday.

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16.05.2008

Energy stocks help send TSX to 3rd record close this week; NY down on data

TORONTO - The Toronto stock market racked up its third record close for the week on Friday as investors continued to pile into energy and metals stocks and oil prices cruised to new highs.

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16.05.2008

Saudi Arabia rejects President Bush's call to raise oil production

RIYADH, Saudi Arabia - Saudi Arabia's leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing U.S. President George W. Bush amid soaring gasoline prices.

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16.05.2008

General Motors workers ratify new tentative agreement in three locations

TORONTO - Canadian Auto Workers members at three General Motors locations in Ontario ratified a new collective agreement on Friday.

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16.05.2008

Oil sets record near US$128 a barrel; pump price at high, too

NEW YORK - News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets - the move wasn't anywhere near the kind of production increase needed to bring prices down on Friday.

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16.05.2008

New motor vehicles record strongest gain since 1998 in first quarter

OTTAWA - Sales of new motor vehicles closed the first quarter of 2008 with their strongest gain since 1998, despite a slight decline in March.

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16.05.2008

US oil shipments into the Strategic Petroleum Reserve cancelled

WASHINGTON - Responding to congressional pressure, the Bush administration on Friday said it is suspending oil deliveries into the government's Strategic Petroleum Reserve for the remainder of the year.

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16.05.2008

Saudi Arabia says it increased oil output by 300,000 barrels per day last week

RIYADH, Saudi Arabia - Saudi Arabia, under U.S. pressure to increase its oil output amid soaring energy prices, said Friday it had raised production by 300,000 barrels per day on May 10 and that increase was sufficient.

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16.05.2008

Macy's signs deal to put toy maker FAO Schwarz in its stores

CINCINNATI - FAO Schwarz will open toy stores in close to 700 Macy's department stores over the next two years, the companies said Friday.

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