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Huge oil trading loss sinks energy trader SemGroup
Reuters - Tue Jul 22, 2:09 PM

NEW YORK (Reuters) - A massive $3.2 billion trading loss on oil futures and derivatives sank high flying energy trader SemGroup LP, which at one time billed itself as the 14th-largest private company in the United States.
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More: Business
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OSC seeks leave to appeal decision limiting ability to discipline brokers
The Canadian Press - Tue Jul 22, 3:03 PM
TORONTO - The Ontario Securities Commission will seek leave to appeal a court ruling that the regulator overseeing brokerages doesn't have the authority to discipline former members.
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Alaska House approves TransCanada gas pipeline
Reuters - Wed Jul 23, 3:23 AM
ANCHORAGE, Alaska (Reuters) - Alaska's House of Representatives voted late on Tuesday to allow TransCanada Corp. to build a massive pipeline to tap the vast natural gas resources of the state's North Slope region.
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More: Business, Oil and Gas
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Coal a 'tight' commodity that will continue to see skyrocketing prices: CEO
The Canadian Press - Tue Jul 22, 2:39 PM
TORONTO - Skyrocketing demand combined with a shrinking supply is making coal a "tight" commodity right now, causing prices - and profits - to soar, says the CEO of an Australian mining company that lists its stock in Canada.
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United Airlines parent UAL reports 2Q loss of US$2.73 billion
The Canadian Press - Tue Jul 22, 12:19 PM
MINNEAPOLIS - United Airlines parent UAL Corp. said Tuesday it lost US$2.73 billion in the second quarter on a combination of accounting charges and high fuel prices, and said it would reduce its work force by 7,000 people by the end of 2009 as it permanently reduces the amount of flying it does.
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Satellite radio companies to pay US$19.7 million to settle rules violations
The Canadian Press - Thu Jul 24, 11:46 AM
WASHINGTON - America's two satellite radio companies have agreed to pay US$19.7 million to settle rules violations, a move that is expected to lead to quick approval of their merger.
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EU backing clears last hurdle to Porsche takeover of VW
AFP - Wed Jul 23, 1:42 PM
FRANKFURT (AFP) - German sports car maker Porsche cleared a major hurdle Wednesday in its bid to acquire Volkswagen when the European Union's executive commission gave its backing to the deal.
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Yahoo reaches deal with Icahn
AFP - Mon Jul 21, 9:00 AM

NEW YORK (AFP) - Yahoo announced Monday it has reached an agreement with corporate raider Carl Icahn ending his effort to oust the Internet giant's board over its handling of a takeover bid from Microsoft.
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More: Business, Microsoft, Internet Portals & Search, Yahoo!, Media Mergers, Microsoft
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Oil falls to $126, storm concern eases
Reuters - Wed Jul 23, 6:20 AM

LONDON (Reuters) - Oil dropped to $126 a barrel on Wednesday, falling for a second straight session, as concern eased that Hurricane Dolly would hit Gulf of Mexico crude supply.
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Oil off more than US$3 per barrel as tropical storm Dolly worries subsided
The Canadian Press - Tue Jul 22, 4:11 PM

NEW YORK - Oil prices tumbled more than US$3 a barrel Tuesday as tropical storm Dolly grew increasingly unlikely to threaten supply, knocking out one more reason traders had to prop up prices.
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