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Toronto News |
| Tech sector gloom deeper than appeared |
| New Merrill Lynch report: Biggest U.S. firms inflated earnings an average of 67%
Last year's dismal results in the technology sector were actually substantially worse than they appeared. |
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| Long-dated Canadian issues regain some lost ground |
| Canadian bonds ended mixed yesterday, with longer-dated maturities bouncing back moderately from recent sustained selling while shorter-date issues continued to retreat in the face of continued strong economic data. |
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| Auto production increases too optimistic: economist |
| Automakers are ramping up production in North America this spring -- a decision that could prove overly optimistic in a volatile market for new cars and trucks, suggests a TD Bank report.
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| Nortel Inks $500 Million Upgrade Deal |
| Nortel's revenue base drop by more than 50 percent, forcing the Brampton, Ontario-based company to slash its work force from 95,000 at the start of 2001, to about 49,000 today. |
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| Cardiome Pharma Corptn. to acquire Paralex |
| Cardiome Pharma Corporation has recently announced that its shareholders have approved the acquisition of Paralex Inc. |
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| Limtech and Phostech sign partnership deal |
| Limtech Lithium Metal Technlogies Inc. announced that it has signed a partnership agreement with Phostech Lithium Inc. |
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| Regional
News |
| Monster Eyes Local Ads |
| The company, a unit of New York-based recruitment and yellow pages ad giant TMP Worldwide, plans to unveil the first of more than 100 local job sites on April 1, beginning with Cincinnati, Ohio. |
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| ComScore Exec Downplays Jupiter Media Metrix Acquisition Report |
| The head of comScore Networks Inc., a Reston firm that monitors Internet use, downplayed a published report that his company was interested in acquiring competitor Jupiter Media Metrix Inc.
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| Kronos Buys U.K. Software Maker |
| EMC, the Hopkinton, Mass., data storage giant, has hired Chris Gahagan, an ex-BMC Software executive, as senior vice president of storage infrastructure software. |
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