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First lady Michelle Obama talks to schoolchildren from Willow Springs Elementary School in Fairfax, Va., after they performed part of a play at the Decatur House, a National Trust for Historic Preservation Site and home to the David M. Rubenstein National Center for White House History, in Washington, Wednesday, May 22, 2013. The events were part of an announcement of a major philanthropic effort to preserve the Decatur House. (AP Photo/Susan Walsh)

Ford to close 2 plants, end production in Australia in 2016 due to high costs and low sales

SYDNEY - Ford Motor Co. said Thursday it was closing its two Australian auto plants and ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.

The closure of the U.S. automaker's plants in the state of Victoria will mean the loss of 1,200 jobs and will ...

CP ONLINE | Wednesday, May. 22, 2013 at 9:05 PM | 0 | Business Breaking News

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Vt gov signs novel law to protect companies from so-called patent trolling

MONTPELIER, Vt. - Vermont Gov. Peter Shumlin signed into law Wednesday a novel measure aimed at protecting companies from so-called patent trolling, the practice of making deceptive claims of patent infringement in the hopes of collecting licensing or settlement money.

CP ONLINE | Wednesday, May. 22, 2013 at 7:52 PM | 0 | Business Breaking News
Environmentalists file suit over Orange County toll road extension plans

SAN DIEGO - Environmentalists filed a lawsuit Wednesday seeking to block the extension of a toll road in southern Orange County, five years after widespread public opposition stopped a similar project.

CP ONLINE | Wednesday, May. 22, 2013 at 7:45 PM | 0 | Business Breaking News
Canada's government announces new aid package for Peru closely linked to mining industries

LIMA, Peru - Canada's prime minister has announced a new package of development aid for Peru that environmentalists are viewing warily because it is closely tied to Canadian mining investments in the South American country.

CP ONLINE | Wednesday, May. 22, 2013 at 6:44 PM | 0 | Business Breaking News
Cominar sells interest in Dyne to Homburg International for 'nominal' amount

QUEBEC CITY, Que. - Cominar Real Estate Investment Trust (TSX:CUF.UN) has sold its interest in Charlottetown property owner Dyne Holdings Ltd. for a "nominal consideration" and the reimbursement of certain shareholder advances.

CP ONLINE | Wednesday, May. 22, 2013 at 6:09 PM | 0 | Business Breaking News