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The Canadian PressCBC.ca

Last Updated: November 3 2009, 9:07 PM

GM decides to keep and restructure European Opel unit; votes down sale to Magna

DETROIT - General Motors Co. said Tuesday it will keep its European Opel unit and restructure it instead of selling a 55 per cent stake to Canadian auto parts maker Magna International (TSX:MG.B) and its partner, Russian lender Sberbank.

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In this Feb. 2, 2009 file photo, Kraft Foods Macaroni & Cheese dinners are seen on display at a market in Palo Alto, Calif. Kraft Foods said slower sales and lower retail food prices cut into its third-quarter profit, but the company raised its forecast for the year Tuesday, Nov. 3, 2009. (THE ASSOCIATED PRESS/Paul Sakuma, file)

Last Updated: November 3 2009, 9:06 PM

Kraft profit suffers in third quarter, but co. raises outlook for year, eyes bid

PORTLAND, Ore. - Kraft Foods Inc. is still interested in acquiring Cadbury PLC but plans to deliver solid results with or without the British candy maker, Kraft said Tuesday.

Last Updated: November 3 2009, 8:14 PM

Alberta regulator suspends issuing new sour gas licences after court ruling

CALGARY - Alberta's energy regulator has suspended issuing licences for all new sour gas projects after a court ruled families have the legal right to object to some proposed wells near Drayton Valley.

A 2010 Ford Fusion sedan is reflected in the chrome grille of an 2010 Edge at a Ford dealership. Ford Canada says it sold 18,201 vehicles in October, up 20 per cent year-over-year. (THE ASSOCIATED PRESS/David Zalubowski)

Last Updated: November 3 2009, 8:09 PM

Autos sales show industry starting to stabilize in October after roller-coaster

DETROIT - After months of roller-coaster results, the U.S. auto industry showed signs of stability in October.

Last Updated: November 3 2009, 7:27 PM

TransAlta increase stake in Canadian Hydro Developers to 93.5 per cent

CALGARY - TransAlta Corp. (TSX:TA) said Tuesday that it has increased its stake in Canadian Hydro Developers Inc. (TSX:KHD) to 93.5 per cent and will now force the remaining outstanding shareholders to sell their shares.

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The Canadian PressCBC.ca

Last Updated: November 3 2009, 6:29 PM

Oilsands junior Opti exploring possible asset divestitures, corporate sales

CALGARY - Oilsands junior Opti Canada Inc. (TSX:OPC), a minority partner in the Long Lake project in northern Alberta, says it is exploring "strategic alternatives," which may include selling assets or the entire company.

Last Updated: November 3 2009, 6:28 PM

Most actively traded companies on the TSX, TSX Venture Exchange markets

TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:

Last Updated: November 3 2009, 5:47 PM

Talisman bumps up activity in Marcellus, Montney shale natural gas plays

CALGARY - Talisman Energy Inc. (TSX:TLM) is spending $570 million to bulk up its land holdings in two of the continent's most promising shale gas plays, a move that further sharpens the Calgary-based company's focus on unconventional natural gas.

A man walks by a screen showing stock prices at the London Stock Exchange in the City of London, Tuesday, Nov. 3, 2009. (THE ASSOCIATED PRESS/Sang Tan)

Last Updated: November 3 2009, 5:46 PM

Record high gold helps push TSX higher; N.Y. mixed despite positive factory data

TORONTO - The Toronto stock market closed higher Tuesday but the rise was mainly due to gold surging to a record high close, railway stocks that benefited from major acquisition activity south of the border and higher oil prices.

Last Updated: November 3 2009, 5:35 PM

Canadian vehicles sales down one per cent in October; smallest decline in more than a year

TORONTO - Vehicle sales in Canada were down only one per cent in October compared to a year earlier, the smallest decline in more than a year amid growing consumer confidence.

Last Updated: November 3 2009, 5:32 PM

Net fund redemptions between $262.2 million and $762.2 million: IFIC

TORONTO - Canadians moved between $262.2 million and $762.2 million out of mutual funds in October, according to preliminary industry data Tuesday.

In this May 2, 2009 file photo, Berkshire Hathaway CEO Warren Buffett speaks to a reporter prior to the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Warren Buffet`s Berkshire Hathaway said Tuesday, Nov. 3, 2009. (THE ASSOCIATED PRESS/Nati Harnik, file)

Last Updated: November 3 2009, 5:21 PM

Berkshire Hathaway's purchase of Burlington Northern lifts CN and CP shares

MONTREAL - Canada's two largest railways enjoyed a "Buffet bounce" on Tuesday after legendary U.S. investor Warren Buffet announced he will pay a premium price for Burlington Northern Santa Fe.

Last Updated: November 3 2009, 5:17 PM

Market volumes Tuesday

TORONTO - Tuesday's trading volume for the major stock market at 5 p.m. ET:

Last Updated: November 3 2009, 5:16 PM

TSX Venture Exchange closed up 37.13 points to 1,326.75

TORONTO - The TSX Venture Exchange closed at 1,326.75, up 37.13 points from Tuesday's close. The volume at 4 p.m. was at 207.42 million shares.

Last Updated: November 3 2009, 5:16 PM

Financial market highlights

TORONTO - Highlights at the close of Tuesday's world financial market trading: Stocks: