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Royal Bank lowers 5-year closed mortgage a tenth of a percentage point to 5.34% TORONTO - The Royal Bank of Canada (TSX:RY) announced Wednesday it is decreasing its five-year closed mortgage a tenth of a percentage point to 5.34 per cent. Canada's largest bank said the new residential posted rate offer is effective on Thursday. No other rate changes were announced.... Province: Manitoba Newspaper: Winnipeg Free Press Feed: Finance Date: 2012-05-23 20:05:32

Martha Stewart becomes non-executive chairman of company she created NEW YORK, N.Y. - Martha Stewart was named as non-executive chairman of the lifestyle, media and merchandising company that she created Wednesday. Stewart rejoined the board of Martha Stewart Living Omnimedia Inc. in September at the end of a five-year ban on serving as a board member or as an Province: Manitoba Newspaper: Winnipeg Free Press Feed: Business Date: 2012-05-23 20:05:30

Kraft shareholders gives 'Mondelez' thumbs up for new snack food business NEW YORK, N.Y. - Kraft Foods Inc. says shareholders approved the name "Mondelez" for its new global snack food business, which may put to rest the snickering that initially greeted the name. The Northfield, Illinois-based company said Wednesday the name was approved by more than 90 per cent of Province: Manitoba Newspaper: Winnipeg Free Press Feed: Business Date: 2012-05-23 20:05:29

Catalyst Paper says it did not get enough approval for restructuring plan RICHMOND, B.C. - Catalyst Paper Corp. says it did not receive the necessary creditor approval for its restructuring plan and is now required to begin a sale process. The insolvent forestry company says its amended plan of arrangement under the Companies' Creditors Arrangement Act failed to gain Province: Manitoba Newspaper: Winnipeg Free Press Feed: Business Date: 2012-05-23 20:05:24

Canadian dollar closed Wednesday at 97.64 cents US, down 0.23 of a cent TORONTO - The Canadian dollar closed at 97.64 cents US on Wednesday, down 0.23 of a cent from Tuesday's close. The U.S. dollar stood at 102.42 cents Cdn, up 0.24 of a cent. Pound sterling closed at C$1.6089, down 0.10 of a cent, and US$1.5709, down 0.47 of a cent. The Euro was worth C$1.2905, Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 20:03:24

Federal jury decides Google didn't infringe on Oracle's Java patents in developing Android SAN FRANCISCO - A federal jury ruled Wednesday that Google didn't infringe on Oracle's patents when the Internet search leader developed its popular Android software for mobile devices. Wednesday's verdict comes about two weeks after the same jury, with two additional members, failed to agree on Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 20:03:24

Financial market highlights on Wednesday TORONTO - Highlights at the close of Wednesday's world financial market trading. Stocks: S&P/TSX Composite Index _ 11,564.80, up 113.01 points TSX Venture Exchange _ 1,256.48, up 9.73 points TSX 60 _ 658.94, up 7.62 points Dow _ 12,496.15, down 6.66 points S&P 500 _ 1,318.86, up 2.23 Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 20:03:23

TSX Venture Exchange closed on Wednesday at 1,256.48, up 9.73 points TORONTO - The TSX Venture Exchange closed on Wednesday at 1,256.48, up 9.73 points. The volume was 131.15 million shares. Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 20:03:22

Canada Bond yields and prime rates for Wednesday, May 23 TORONTO - Canada Bond yields (previous day in brackets): Two-year: 1.16% (1.21) Five-year: 1.40% (1.44) 10-year: 1.88% (1.91) 30-year: 2.40% (2.42) Interest rates: Prime rate: 3.00% Overnight lending rate: Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 20:03:22

CardioComm's stock up 50% as hand-held monitor gets U.S. FDA approval TORONTO - CardioComm Solutions Inc. (TSXV:EKG) stock climbed 50 per cent after it said it has received U.S. Food and Drug Administration clearance for prescription-use and over-the-counter sales of its hand-held heart rhythm monitor. The device can now be prescribed and used by doctors in Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 20:03:21

Hewlett-Packard to jettison 27,000 workers in largest payroll purge in company's history SAN FRANCISCO - Hewlett-Packard Co. is cutting 27,000 jobs in an effort to recover from management missteps that hobbled the Silicon Valley pioneer as its rivals raced ahead with more innovative products and services. The streamlining announced Wednesday represents HP's largest payroll purge in Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 20:03:21

Most actively traded companies on the TSX, TSX Venture Exchange markets TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (11,564.80, up 113.01 points): Athabasca Oil Corp. (TSX:ATH). Oil and gas. Up 56 cents, or 5.29 per cent, at $11.14 on 5,878,365 shares. Manulife Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 20:03:20

Catalyst Paper says it did not get enough approval for restructuring plan RICHMOND, B.C. - Catalyst Paper Corp. says it did not receive the necessary creditor approval for its restructuring plan and is now required to begin a sale process. The insolvent forestry company says its amended plan of arrangement under the Companies' Creditors Arrangement Act failed to gain... Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 20:03:19

Keystone XL opponents file lawsuit challenging Nebraska's pipeline review law OMAHA, Neb. - Opponents of a proposed pipeline designed to carry crude oil from Canada under the Great Plains filed a lawsuit Wednesday challenging Nebraska's new oil pipeline review law. The lawsuit was filed directly with the state Supreme Court. In it, several Nebraska landowners along Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 20:03:19

Retail sales signal modest growth Retail sales bounced back in March after a weak February, but sales looked soft excluding the auto sector, and the figures sent mixed signals about first-quarter growth. Province: Manitoba Newspaper: Winnipeg Sun Feed: Money Date: 2012-05-23 12:17:52

Protesters halt energy board hearing Protesters have brought to a halt a hearing by the National Energy Board in London, Ont., that environmentalists fear will bring oilsands oil to Ontario and eventually the United States. Province: Manitoba Newspaper: Winnipeg Sun Feed: Money Date: 2012-05-23 12:17:52

Facebook stock climbs after rocky start with IPO, company faces shareholder lawsuit NEW YORK, N.Y. - Facebook's stock is climbing higher, a reprieve for shareholders after the stock's rocky inaugural trading day Friday was followed by a two-day decline. Facebook Inc.'s stock is up US$1.03, or 3.3 per cent, to US$32.03. That's still nearly 16 per cent below the initial public Province: Manitoba Newspaper: Winnipeg Free Press Feed: Business Date: 2012-05-23 12:15:07

AbitibiBowater shareholders approve company renaming to Resolute Forest Products MONTREAL - AbitibiBowater shareholders formally agreed Wednesday to ditch the company's name and legally replace it with Resolute Forest Products. Approval to change the company's certificate of incorporation was provided at its annual meeting in Charlotte, N.C. AbitibiBowater (TSX:ABH) has Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 12:07:24

Macy's partners with Chinese online retailer to sell private brand merchandise NEW YORK, N.Y. - Macy's Inc. said Wednesday that it acquired a stake in the operator of a Chinese online retailer, which will start selling some of the department store chain's private label merchandise next spring. Macy's said it had invested $15 million in VIPStore Co., which operates Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 12:07:23

TSX Venture Exchange at midday on Wednesday: 1,233.27, down 13.47 points TORONTO - The TSX Venture Exchange was trading at 1,233.27, down 13.47 points on Wednesday. The volume at noon was 55.39 million shares. Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 12:07:22

London's FT-100 index closed Wednesday at 5,266.41, down 136.87 points LONDON, England - The Financial Times Index of 100 industrials closed at 5,266.41, down 136.87 points on Wednesday. Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 12:07:21

Germany aims for stronger grip on switchover from nuclear to renewable energy BERLIN - The German government will more closely oversee the country's move from nuclear power to renewable energy, Chancellor Angela Merkel said Wednesday -- a mammoth 10-year project for Europe's biggest economy that has been going slowly so far. Merkel said she will be meeting with all of Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 12:07:20

Treasury board president says NDP leader Mulcair's energy views 'reckless' CALGARY - The federal Treasury Board president says NDP Leader Tom Mulcair's view of Canada's energy sector is reckless and irresponsible. In a speech to the Calgary Chamber of Commerce, Tony Clement focused on Mulcair's recent comments that the country's resource sector and oilsands are driving Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 12:07:19

Pan Orient Energy sells Thai concessions for over US$170M; stock soars 52% CALGARY - Stock in Pan Orient Energy Corp. (TSXV:POE) soared almost 60 per cent Wednesday after the petroleum exploration and development company announced the sale some Thai assets for almost US$180 million. Calgary-based Pan Orient said Wednesday that it had an agreement with an unnamed buyer Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 12:07:19

Handy and Harman fine silver quotations: C$28.971 oz., $931.42 kg. TORONTO - Handy and Harman fine silver quotations in Canadian dollars: Wednesday $28.971 oz., $931.42 kg.; Tuesday $30.217 oz., $971.48 kg. Province: Manitoba Newspaper: Brandon Sun Feed: Business Date: 2012-05-23 12:07:18

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