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Tuesday, February 17, 2009

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Ted Talks

Barry Schwartz: The real crisis? We stopped being wise



Barry Schwartz makes a passionate call for “practical wisdom” as an antidote to a society gone mad with bureaucracy. He argues powerfully that rules often fail us, incentives often backfire, and practical, everyday wisdom will help rebuild our world.

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Technology

Nortel to present new business plan in few weeks

BARCELONA (Reuters) - Nortel Networks Corp aims to present its new business plan on how it will scale down its business operations within the next few weeks, a senior company official told Reuters on Tuesday.

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2009 Auto Industry

GM readies survival plan
By Christiaan Hetzner and Kevin Krolicki

STUTTGART/WASHINGTON (Reuters) - Daimler swung to a hefty loss, hit by exposure to Chrysler, and Opel and Saab braced for news of General Motors' survival plan, as European carmakers saw their fates tied closely to their U.S. peers.

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Retail

Wal-Mart profit beats Wall St. view

NEW YORK (Reuters) - Wal-Mart Stores Inc posted a quarterly profit that beat Wall Street forecasts, helped by higher U.S. sales at its namesake discount stores, and said it expected to continue to perform better than its competitors.

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Transportation

Job cuts at CP Rail threaten improved rail safety, CAW says

TORONTO - At a time when Canada's rail industry has come under intense public scrutiny to protect safety Canadian Pacific Railway's recent decision to cut workers responsible for conducting safety inspections and repair work on rail cars at eight Ontario locations is absurd and must be stopped, said CAW Local 101 President Tom Murphy.

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Guest Column

The truth about liars

By Dr. Carol Kinsey Goman

"You're next in line for a promotion", "Let's have lunch sometime", "I'd love to read your report", "No, those pants don't make you look fat."

We get lied to all the time. People are dishonest with us out of politeness, to avoid punishment, to protect others, or to deliberately mislead us for personal gain.

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2009 Auto Industry

Toyota's U.S. workers avoid layoff threat for now
By Jim Forsyth

SAN ANTONIO (Reuters) - Even though Toyota Motor Corp (7203.T) touts its mighty Tundra pickup as "the truck that's changing it all," workers who build it in San Antonio are not immune from the threat of layoffs that have beset the Big Three U.S. automakers.

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Manufacturing

Manufacturing sales declined 8.0% to $44.2 billion in December 2008

Statscan - The decline reflected almost equal decreases in both volume and price. This was the largest monthly percentage decline since the start of the current series in January 1992.


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Energy

Imperial Oil Reports Year-end Reserves for 2008

CALGARY - Imperial Oil Limited announced total year-end proved reserves of more than 2.3 billion oil equivalent barrels, an increase of almost 50 percent from 2007. This represents a reserve life at current production rates of approximately 25 years.

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Manufacturing

Canada Incurs Record $14 Billion Automotive Trade Deficit in 2008, Now in Deficit within North America, CAW Reports

TORONTO - Data newly released from Statistics Canada confirms that Canada experienced its worst-ever year in international trade in automotive products in 2008, according to an analysis from the Canadian Auto Workers union.

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Energy

Mercer International Inc. Announces Completion of Contribution Agreement With the Government of Canada

NEW YORK - Mercer International Inc. today announced that its Celgar mill has signed a contribution agreement ("Contribution Agreement") with the Canadian federal government pursuant to Canada's ecoEnergy for Renewable Power Program. The program was established to increase Canada's supply of clean electricity from renewable sources, such as biomass, by providing funding for renewable energy projects such as the Celgar mill's new green energy project (the "Celgar Energy Project").

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International Transactions

Canada's international transactions in securities for December 2008

Statscan - Canadian investors continued to repatriate funds in December, with significantly reduced holdings of foreign debt instruments. Foreign equities were also sold, as Canadian investors shed $6.4 billion of foreign securities over the month.

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Mobile Communications

Skuku Launches World’s First Mobile Windows Application for its Revolutionary Roaming Mobile Solutions

Skuku’s Mobile VOIP Application Enables Customers to Access the Cellular SIM Card in their Mobile Phone, Ensuring One Mobile Identity Anywhere in the World

PETACH TIKVA, Israel and BARCELONA, Spain - Skuku an international communications company specializing in network based telephony solutions, announced today the launch of a Mobile Windows application for its revolutionary roaming solutions at the Mobile World Congress in Barcelona.

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Economy

PRIVATE EQUITY’S IMPACT ON THE GLOBAL ECONOMY EXAMINED IN COMPREHENSIVE FORUM REPORT

Geneva, Switzerland/New York, USA – The World Economic Forum today released the Globalization of Alternative Investments Working Papers Volume 2: The Global Economic Impact of Private Equity Report 2009, one of the most exhaustive studies of private equity involving thousands of companies going back to the 1980s.


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Letter to the Editor

Re: Presidents and prime ministers, some friends, some foes

Laval - The author, Lucien BONNET, from Montréal of Haitian origin, graduate in Communication Sciences from the University of Montreal, explains here that the shortage of residences in Haiti is so serious that even Haitians of the Diaspora, generally more fortunate, who would like to return to the country or to go there for visit, cannot find there suitable housing.

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Mobile Communications

Viigo Selected as First Third-Party Application in the BlackBerry Application Centre for Vodafone Australia

Viigo leads the market in supporting the BlackBerry Storm

TORONTO - Viigo Inc., developer of the popular mobile content and services platform for smartphones, announced today that its award-winning application is the first third party application to be included in the BlackBerry Application Center for Vodafone.



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