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CN Rail union mulls strike; Ottawa urges arbitration

CN Rail union mulls strike; Ottawa urges arbitrationBy Solarina Ho TORONTO (Reuters) - Leaders of the union representing 3,000 conductors, yard workers, and traffic coordinators at Canadian National Railway Co will meet on Friday to decide whether to strike or take other action after union members narrowly rejected a second tentative contract deal with Canada's biggest railway. The Teamsters

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Daily Roundup: Twitter's redesign, Lightroom mobile for the iPad, and more!

Daily Roundup: Twitter's redesign, Lightroom mobile for the iPad, and more!You might say the day is never really done in consumer technology news. Your workday, however, hopefully draws to a close at some point. This is the Daily Roundup on Engadget, a quick peek back at the top headlines for the past 24 hours -- all handpicked by the editors here at the site. Click on through the break, and enjoy.

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Strong pound hits UK engineer Smiths; shares slump

British engineer Smiths Group Plc said full-year earnings would be reduced by 4-5 percent if foreign exchange rates remained at current levels, sending its shares tumbling as much as 7 percent on Wednesday. Smiths Group, which generates about 95 percent of its revenue from outside the UK, also reported a 3 percent fall in first-half profit, hurt by a stronger pound. "The key challenge for us as we move into the second half is the rate at which... Read more...

Barclays reviews investment bank, more cuts expected

Barclays reviews investment bank, more cuts expectedBarclays has launched the third review of its investment bank in as many years, and is likely to cut more jobs and business areas as it battles to improve profitability, people familiar with the matter said. While investment banks across the world are struggling with tougher regulations and low interest rates, Barclays has faced particular problems after its business culture was singled out for criticism by British regulators and it was one of

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France's new prime minister wins confidence vote

France's new prime minister wins confidence votePARIS (AP) — French lawmakers gave their country's new prime minister a vote of confidence Tuesday that is seen as an endorsement of his plans for an economic turnaround built on tax cuts and slashing bureaucracy to the extent of redrawing the map of France.

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Non-banks notch a win in long-running derivatives battle

Non-banks notch a win in long-running derivatives battleBy Lauren Tara LaCapra NEW YORK (Reuters) - A group of small brokerages and large commodities companies convinced lawmakers to tweak a rule that they say would have made derivatives trading more expensive for them and sent more business to Wall Street banks that already dominate the market. Companies including INTL FCStone Inc, Nomura Holdings Inc, Cargill Inc and Royal Dutch Shell Plc lobbied a congressional committee to change a rule proposed

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