Toyota to build RAV4 EV in Woodstock Ontario
Toyota confirms the electric RAV4 will be built at its Woodstock Ontario plant in a joint venture with Tesla Motors. Batteries and powertrains will be supplied by Tesla, leveraging existing RAV4 production familiarity to ensure quality.
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Ont
Toyota
Ray Tanguay
Toyota Motor Manufacturing Canada
Tesla Motors Inc
Palo Alto
Calif
Southwestern
Ontario
Tanguay
Toyota General Motors
California
Tesla
Syrian forces kill 13 as Hama siege widens
Government artillery and tanks shelled Hama’s residential districts around dawn as protesters across Syria marched in solidarity with the besieged city. Activists reported at least 13 killed with medical services strained amid power cuts and food spoilage.
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Associated P Tal
Syria
Hama
Associated Press
Beirut
Bashar Assad
Chief Guy Lonechild suspended by FSIN amid confidence vote
The Federation of Saskatchewan Indian Nations temporarily suspends Chief Guy Lonechild and political staff with pay as the FSIN executive council and Indian Government Commission hold a hearing on a non confidence motion. Vice-chief Morley Watson to assume Lonechild duties while the process proceeds.
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Federation of Saskatchewan Indian Nations
Regina
Saskatchewan
Guy Lonechild
FSIN
Executive Council
Indian Government Commission
Lonechild
FSM
Morley Watson
Ottawa protests Mexican ruling on deadly Riviera blast
The Canadian government criticized a Mexican judge for throwing out criminal charges in the Grand Riviera Princess Hotel explosion that killed seven people including five Canadians. The judge ruled civil proceedings should proceed, saying charges target company directors rather than workers who installed a faulty gas line. The blast occurred last November in Playa del Carmen and investigators linked the leak to a poorly installed or maintained gas line under the hotel lounge.
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Ottawa
Riviera
Nicolas Pinton
Pinzon
Grand Riviera Princess Hotel
Playa del Carmen
Parkland to sell Petrohaul and Wiebe long-haul units
Parkland Fuel Corp plans to sell its Petrohaul and Wiebe long-haul transportation businesses for 23.5 million to Seaboard Liquid Carriers Ltd. The Red Deer based firm will also provide multi year distribution services to Seaboard in the sold units regions as it focuses on fuel marketing.
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Red Deer
Alta
Parkland Fuel Corp
Petrohaul
Parkland
PKI
Seaboard Liquid
Seaboard
Petrohaul and
Wiebe
S&P Downgrades United States Credit Rating To AA Plus
Standard & Poor's cut the U S AAA rating by one notch to AA plus citing insufficient deficit reduction. The move carries a negative outlook signaling potential further downgrade within two years amid concerns over debt stabilization and fiscal consolidation.
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Washington
Standard & Poor
United States
Credit Rating
Congress
Obama
S&p
Berkshire Hathaway Posts 74 Percent Q2 Profit Jump
Warren Buffett's Berkshire Hathaway reports second quarter net income of 3.4 billion dollars or 1.38 per Class B share driven by higher value of derivative contracts and gains from non insurance operations. A 1.25 billion gain from Goldman Sachs repayment boosts results. Excluding investment and derivative gains, earnings reach 1.09 per share.
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Omaha
Neb
Warren Buffett
Berkshire Hathaway
Goldman Sachs
Buffett
Berkshire
Financial markets close with mixed moves across major indices
Canadian and U S markets show declines in major indices led by the S&P/TSX Composite and Nasdaq while the S&P 500 holds near a key level. Currencies end the day with slight gains for the Canadian dollar against the US dollar and other majors. Oil and gold futures mixed, with oil gaining and gold slipping.
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S&p
TSX Venture Exchange
TSX
Handy and Harman
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