National Business

at 10:15 on July 30, 2010, EDT.

Ontario will run airport link instead of private company after deal collapses

TORONTO - A provincial agency will now build a rail link between Toronto's Union Station and the city's international airport after a deal with a private company collapsed.

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at 08:34 on July 30, 2010, EDT.

Oil below $78 a barrel in Europe as global stocks drop ahead of Q2 US GDP report

LONDON - Oil prices fell below US$78 a barrel Friday as investors worried about the state of the U.S. economic recovery ahead key growth data due later in the day.

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at 07:55 on July 30, 2010, EDT.

Brookfield Properties to sell residential holdings to focus on office portfolio

TORONTO - The Brookfield group is reorganizing its real-estate holdings around the world.

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at 05:16 on July 30, 2010, EDT.

Disney sells Miramax to investor for US$660M

LOS ANGELES, Calif. - The Walt Disney Co. has agreed to sell its Miramax Films to an investor group for about US$660 million, ending a 17-year association with the studio and a six-month bidding process.

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at 02:33 on July 30, 2010, EDT.

Honda posts record quarterly profit on growth in Asia, North America

TOKYO - Honda says it posted a record quarterly profit of 272.4 billion yen (US$3.2 billion) as auto sales grew in North America, Japan and the rest of Asia.

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at 02:24 on July 30, 2010, EDT.

Renault swings back strongly into profit as Q2 car sales rise sharply

PARIS - Renault SA says it returned to profit in the second quarter as higher car sales in all regions helped reverse massive losses a year earlier.

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at 02:22 on July 30, 2010, EDT.

Airbus parent EADS reports 61 per cent decline in net profit

PARIS - EADS NV, the parent company of plane-maker Airbus, on Friday raised its outlook for 2010 _ despite a 61 per cent drop in second quarter earnings _ as its commercial aviation business takes off.

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at 19:43 on July 29, 2010, EDT.

Google says searches in China blocked, raising questions about future in country

SAN FRANCISCO - Google Inc. said Thursday that its search engine was abruptly cut off from mainland China, raising more questions about the Internet company's ability to operate in the country while trying to work around the government's online censorship policies.

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at 16:14 on July 29, 2010, EDT.

UAW chief says GM will file in mid-August to start public stock sale process

DETROIT - United Auto Workers president Bob King says that General Motors Co. will file paperwork in mid-August to start the process of selling stock to the public.

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at 12:39 on July 29, 2010, EDT.

Company, authorities work to keep Enbridge oil spill out of Lake Michigan

BATTLE CREEK, Mich. - U.S. officials believe an Enbridge oil spill that has contaminated a major Michigan river was larger than first estimated, and the governor is warning of a "tragedy of historic proportions" should the oil reach Lake Michigan some 130 kilometres away — and the vacation communities that depend on it.

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