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Alberta’s securities regulator upholds Canadian Oil Sand's poison pill

Alberta’s securities regulator has upheld a shareholder rights plan‎ adopted by Canadian Oil Sands to help it thwart Suncor Energy's $4.3-billion hostile takeover offer, raising questions about whether Suncor will keep its bid on the table.
Latest News
U.S. Cyber Monday sales on track for record high
U.S. online sales grew 14 percent on Cyber Monday, on track to set a record, leading some retail websites, like Target Corp's, to crash temporarily due to high customer traffic.
General Electric expands commitment to cleaner technology
General Electric’s latest clean technology is robust, reliable and more cost-effective than ever.
World leaders launch bid for climate breakthrough in Paris
World leaders met in Paris Monday to launch an ambitious attempt to hold back the earth's rising temperatures. Some 150 heads of state and government urged each other to find common cause to steer the global economy away from its dependence on fossil fuels.
IMF approves China’s yuan for benchmark currency basket
The International Monetary Fund on Monday admitted China’s yuan into its benchmark currency basket in a victory for Beijing’s campaign for recognition as a global economic power.
FTC said to be preparing to block Staples-Office Depot deal
Staples Inc.'s acquisition of its smaller rival Office Depot may be delayed by the Federal Trade Commission, according to the New York Post.
Ford to take a US$600-million charge related to U.S. union pact

Ford Motor Co said on Monday it will incur a US$600 million expense this year tied to its new four-year contract with the United Auto Workers union in the United States.

Banking group warned government about mortgage risk sharing plan: Report
The Canadian Bankers Association warned the former Conservative government that a proposal to have banks shoulder more of the risk associated with home mortgage loans could hurt the country's financial stability.
Fed to curb emergency lending powers to aid 'too big to fail' companies
The Federal Reserve Board will consider on Monday a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG, Citigroup and others in 2008.
U.S. holiday sales on track amid online boost: Survey
U.S. holiday shopping is on track for a modest 3.7 percent rise this year after strong turnout during the Thanksgiving and Black Friday weekend and thanks to strong online sales, the National Retail Federation said on Sunday after releasing an annual consumer poll.
BlackBerry extends deadline on Pakistan shutdown as government talks continue
Blackberry is delaying its shutdown of operations in Pakistan until Dec. 30 as negotiations continue over government demands for access to users' private data.

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