1,500 Imperial Oil jobs leaving Toronto
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Imperial Oil Ltd. says it will shift its head office to Calgary from Toronto, with the move to the Alberta oilpatch affecting 1,500 employees and expected to be completed by next August.
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Motorola, the world&#39;s second largest mobile phone maker, is cutting 1,000 jobs although its core cellphone business will be unaffected.
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Over the next to years more than 1,100 jobs located in United Kingdom, will be shift to India, according to the Royal &amp; Sun Alliance plans.
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The Canadian government is getting out of the oil-and-gas business by selling off its stake in Petro-Canada for about $3.1 billion.
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Norwich Union is to offshore 950 jobs to India and Sri Lanka next year, with the loss of work in Norwich and York. The insurance giant said it will do all it can to minimise compulsory redundancies by redeploying staff to alternative jobs.
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Morgan Stanley  is cutting about  1,000 jobs in the coming week, part of efforts to trim costs  ahead of what it expects will be a tougher business  environment, a person briefed on the moves said on Thursday.
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TORONTO (CP) - The Toronto stock market cruised to a flat close Monday as the latest rise in oil prices propelled energy stocks higher.
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By Malcolm Moore, Economics Correspondent (Filed: 12/10/2004). Striking oil workers in Nigeria and Norway yesterday drove the price of oil past the $50 a barrel threshold for the first time in London.
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Peninsular &amp; Oriental Steam Navigation Co., the UK&#39;s largest ferry and ports operator, will trim its ferries fleet and cut 1,200 jobs, or a fifth of the unit&#39;s workforce, to stem losses.
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Oilfield service company Weatherford's has been hit by the Canadian rig count decline.
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Morgan Stanley  on Wednesday  said it will eliminate 1,000 jobs as it scales back its U.S.  residential mortgage operations and closes its British  residential mortgage lending business, Advantage Home Loans.
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TORONTO - BFI Canada Income Fund of Toronto and IESI Corporation of Fort Worth, Texas have agreed to a $1.1-billion deal to merge and create one of the largest non-hazardous solid waste management companies in North America.
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An agreement has been reached to lend 1.7 million barrels of oil from the government&#39;s Strategic Petroleum Reserve to two companies whose refineries were running short of crude
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OPEC oil ministers have agreed to prop up sliding oil prices by cutting production by one million barrels a day. The decision in Cairo Friday comes amid a drop in oil prices from an all-time high of more than $55 in mid-October to more than $40 now.
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Dominion Resources  said on Monday it would sell most of its remaining gas and oil exploration and production operations to Loews Corp.  and XTO Energy Inc.  for about $6.5 billion as part of its plan to focus on its power business.
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LIVERPOOL was today braced for massive job losses after Royal &amp; Sun Alliance announced it was shifting 1,110 posts to India. A spokesman for the insurance firm said it was too
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Independent oil and gas producer Devon Energy Corp.  on Friday trimmed its forecast for fourth quarter production by 1 million to 2 million barrels of oil equivalent, hurt by reduced Canadian gas output.