ALGOMA STEEL IN BANKRUPTCY PROTECTION
Algoma Steel Inc. has filed for bankruptcy protection as it restructures its
debts, the company said Monday. FULL STORY: click
here
JDS UNIPHASE TO ANNOUNCE 'IMPORTANT
DEVELOPMENTS'
JDS Uniphase says it will hold a special conference call with analysts
Tuesday morning to discuss what it calls "important developments."
FULL STORY: click
here
MARKETS SLIP ON PROFIT-TAKING, TECH DOWNGRADES
Investors stepped back on Monday and pulled some profits off the table, as
worries about corporate earnings added to gloom over downgrades to some key U.S.
technology bellweathers. FULL STORY: click
here
RBC DOMINION SECURITIES SUSPENDS EMPLOYEE AFTER
PROBE OF "SUSPICIOUS" TRADING
RBC Dominion Securities said Monday it has suspended a senior official in
its mergers and acquisitions department after an investigation into suspicious
trading. FULL STORY: click
here
CAPITAL GAINS CALCULATION MAKES THIS YEAR'S TAX
RETURN ESPECIALLY TRICKY
Each year brings a myriad of changes to the taxes that Canadians must pay.
FULL STORY: click
here
BBBOnLine, FEDMA, Eurochambres Move to Create
International Trust Initiative for E-Commerce
Self-Regulation Project to Harmonize Codes of Conduct,
Define Dispute Resolution Mechanisms, Use Recognizable International Trustmark
ARLINGTON, Va. and BRUSSELS, Belgium (April 23, 2001) - Three leading business organizations are launching an unprecedented international initiative to promote consumer trust in worldwide e-commerce through voluntary business self-regulation. BBBOnLine, the Federation of European Direct Marketing (FEDMA), and Eurochambres, the Association of European Chambers of Commerce and Industry, are developing a new international seal or "trustmark" program to signify that an online business upholds specific business standards, including dispute resolution, regardless of its location.
The venture's mission is to help businesses implement consistently high online standards around the globe, using a single, internationally recognizable trustmark. This will encourage the development of e-commerce by reducing consumer confusion over the proliferation of trustmarks and conflicting standards from country to country. Building on BBBOnLine's expertise in operating Internet trustmark programs and other Better Business Bureau, Eurochambres and FEDMA self-regulation programs that successfully serve the marketplace, the initiative will give member businesses and consumers the capacity to resolve cross-border consumer complaints easily through alternative dispute resolution (ADR).
To qualify for the seal, businesses will have to adhere to the initiative's business practice standards, which will be similar to the online codes already issued by BBBOnLine and FEDMA and still being developed by many Chambers in Europe. The Italian and Belgian Chambers of Commerce have already developed codes of conduct, and other Chamber networks are joining this movement. These codes of conduct will be consistent with standards recommended by the Organization for Economic Cooperation and Development (OECD), the Global Business Dialogue on E-Commerce (GBDe) and others. "The worldwide success of e-business depends on consumer trust," said Ken Hunter, president of the Council of Better Business Bureaus and BBBOnLine. "This initiative's goal is to create common standards, a consistent ADR framework and a recognizable trustmark upon which every online shopper, no matter what their base of operation, can rely."
"Our three organizations have long championed both off- and on-line confidence among consumers," said Arnaldo Abruzzini, secretary general of Eurochambres. "We are working together to capitalize on our strengths and similarities. Developing common guidelines that can provide the international business community with an effective self-regulation tool is the logical next step. We will also continue to work closely with the European Commission, with the business community, and with consumers' groups on the e-Confidence initiative, whose clear aim is to build consumer confidence in e-commerce. We view our joint initiative as supportive of and consistent with those self-regulatory policy discussions."BBBOnLine, FEDMA and Eurochambres expect to have the entire program in place by early 2002.
"This initiative promises broad acceptance from merchants and consumers," said Alastair Tempest, director general of FEDMA. "Once businesses understand the clear guidelines that will help them encourage consumer confidence in e-commerce, we believe many companies will comply. Consumers are eager to know how to identify trustworthy Web sites, and to be assured that the business has committed to abide by a code of conduct that provides a high level of protection for their purchases." In the coming months, the three organizations will work toward establishing common eligibility standards for companies to display the international trustmark, and will ensure that internationally compatible ADR procedures will be available. The organizations engaged in the joint initiative look forward to continued cooperation with ongoing European and U.S. efforts to improve consumer protection for online shoppers.
The project is the first step in a much broader program. BBBOnLine, FEDMA and Eurochambres representatives are encouraging governments and businesses in countries outside the European Union and North America to harness the power of voluntary self-regulation to strengthen safe, successful e-commerce. About Eurochambres (www.eurochambres.be) Eurochambres, the Association of European Chambers of Commerce and Industry, was founded in 1958 and is headquartered in Brussels. Through its member organizations, the association represents 1,300 Chambers of Commerce and their 14 million member enterprises in 34 countries. This includes all European Union countries, all accession countries, EFTA, Russia, and several countries in the Mediterranean. Many European Chambers of Commerce and Industry offer arbitration, mediation and conciliation services-both in B2B and B2C disputes.
About FEDMA (www.fedma.org) - FEDMA is the European Federation for the direct/interactive marketing business dedicated to representing direct marketing in all its forms. FEDMA's objective is to protect and promote the European direct marketing business by creating, through representation, self-regulation and information, acceptance and confidence in direct marketing within a healthy commercial and legislative environment in which the sector can profitably operate and develop. FEDMA has more than 350 direct members and represents more than 10,000 companies indirectly through its national DMA members.
The FEDMA code of conduct can be found at www.fedma.org/img/db/Code_of_conduct_for_e-commerce.pdf. About BBBOnLine (www.bbbonline.org) BBBOnLine brings the Better Business Bureau system's 89 years of experience in consumer protection and business self-regulation to e-commerce. Guided by its mission to promote consumer trust on the Internet, and working in concert with the 144 local BBBs in the United States and Canada, BBBOnLine encourages sound and ethical online business practices through its Reliability Program, the BBB Code of Online Business Practices (www.bbbonline.org/code/index.asp), and the BBBOnLine Privacy Program. Three hundred national and global corporations and 270,000 businesses at the grass-roots level support the Better Business Bureau system. More than 9,800 businesses have qualified to display the BBBOnLine Reliability Seal; 822 web sites have earned the BBBOnLine Privacy Seal.
NORTEL REPORTS FIRST OPERATING LOSS SINCE 1993;
CHOPS ANOTHER 5,000 JOBS
Nortel Networks has reported a first-quarter operating loss of $385 million
US (12 cents US a share), on the high side of an earnings range it provided
three weeks ago. But the company also says it will now cut 20,000 jobs by
mid-year, an increase of 5,000 from its earlier warning. FULL STORY: click
here
MARKETS KEEP RISING ON EARNINGS NEWS, FED RATE
CUT
Markets continued to post gains Thursday as investors kept buying up stocks
a day after the U.S. Federal Reserve came through with a much-wanted interest
rate cut. FULL STORY: click
here
OTTAWA IMPOSES DUTIES ON IMPORTED STEEL
Canadian steelmakers applauded Thursday after the federal government
announced plans to slap some stiff duties on steel imported from a dozen
countries. FULL STORY: click
here
MICROSOFT EARNINGS AND REVENUES TOP EXPECTATIONS
Strong sales of its Windows 2000 Professional software propelled Microsoft
to a better-than-expected third quarter, the software giant said Thursday. FULL
STORY: click
here
PROFITS SURGE AT PANCANADIAN PETROLEUM
Higher commodity prices and expanded natural gas product helped PanCanadian
Petroleum Ltd. post an eighth straight quarter of record financial results, the
company said Thursday. FULL STORY: click
here
MARKETS JUMP ON U.S. RATE CUT,
BETTER-THAN-EXPECTED TECH EARNINGS
North American stocks exploded Wednesday after the U.S. Federal Reserve
shocked the markets with a surprise interest rate cut. But even before that rate
cut, markets were enjoying a strong day, spurred on by some higher-than-expected
corporate earnings from some key technology bell-weathers. FULL STORY: click
here
U.S. FEDERAL RESERVE CUTS INTEREST RATES 1/2
POINT
The U.S. Federal Reserve unexpectedly cut interest rates by another half a
percentage point Wednesday morning, saying the pace of U.S. economic activity
remains "unacceptably weak". FULL STORY: click
here
CELESTICA SHARES SURGE AFTER PROFITS DOUBLE; TO
CUT 3,000 JOBS
Stock in Celestica rocketed more than 28 per cent Wednesday after the
company said its first-quarter net earnings more than doubled to $54.8 million
US (25 cents US a share), compared to the $26.1 million (13 cents US a share) it
earned last year. FULL STORY: click
here
SIERRA WIRELESS MATCHES STREET'S EXPECTATIONS
FOR Q1 EARNINGS
Sierra Wireless checked in Wednesday after the close of markets with first
quarter earnings that were in line with analyst expectations. FULL STORY: click
here
ALBERTA ENERGY Q1 PROFITS TRIPLE; BOOSTS
DIVIDEND
Alberta Energy has turned in its best ever Q1 earnings report card and
boosted its annual dividend by 50 per cent moves that collectively helped boost
the company's shares to a new 52-week high. FULL STORY: click
here
BANK RATE CHOPPED BY 1/4 POINT TO 5 PER CENT
The Bank of Canada did what was widely expected Tuesday, and lowered its key
bank rate by one-quarter of a percentage point to five per cent. FULL STORY: click
here
MARKETS SHRUG OFF CISCO WARNING
Stock prices held up surprisingly well Tuesday and ended the day on a
positive note, as markets reacted to Monday's earnings warning from Cisco
Systems with a big yawn. FULL STORY: click
here
BELL GLOBEMEDIA WINS 100 PER CENT OF ROBTV
Media giant Bell Globemedia is getting even bigger. CanWest Global has sold
its 50 per cent stake in ROBTv to Thomson Canada, a division of Thomson
Corporation. The price tag for the transaction: $30 million. FULL STORY: click
here
ALCAN EARNINGS DROP; WARNS OF WEAKER METAL
PRICES
Alcan Inc. has reported lower first-quarter net income but much higher
revenues as its merger last fall with Alusuisse Group began to be reflected in
its earnings statement. The company also cautioned that metal prices may ease in
the second quarter. FULL STORY: click
here
SEARS POSTS $11.2 MILLION LOSS IN Q1, INCLUDES
SEVERANCE TO FORMER CEO
Payments to the departed CEO of Sears Canada Inc. accounted for more than
half the $11.2 million loss the retailer reported for the first quarter. FULL
STORY: click
here
MARKETS MIXED IN THIN TRADING, TECH STOCKS
DRAGGED DOWN
Worries over corporate earnings weighed on investors Monday as markets
finished mixed. FULL STORY: click
here
CISCO SYSTEMS LOWERS GUIDANCE, WILL CHOP 8,500
JOBS
Cisco Systems warned Monday it will post sharply lower third quarter
financial results, take a $2.5 billion US inventory writedown and lay off 8,500
workers. FULL STORY: click
here
BANK OF CANADA EXPECTED TO CUT INTEREST RATES
TUESDAY, BUT ECONOMISTS PONDER
Canadians could be enjoying some lower interest rates soon as the Bank of Canada
is widely expected to cut rates on Tuesday. FULL STORY: click
here
GULFSTREAM PUTS ITSELF UP FOR SALE, TRYING TO
AVOID ROC OIL BID
Gulfstream Resources Canada Ltd. plans to put itself up for sale, or sell
off its assets, as it fights off a bid from Roc Oil to buy 40 per cent of the
company. FULL STORY: click
here
BOMBARDIER WINS MAJOR ORDER FROM AIR WISCONSIN,
WILL ADD 1,000 JOBS AS PRODUCTION GROWS
Bombardier Aerospace said Monday it has a deal to sell up to 150 of its
Canadair Regional jets to Air Wisconsin Airlines Corp. FULL STORY: click
here ADDITIONAL STORY:
click
here
PANEL RECOMMENDS MANDATORY DISCLOSURE OF
POTENTIAL ANALYST CONFLICTS
Investment analysts and the firms they work for must do a much better job of
disclosing potential conflicts of interest in the stock research they provide to
their retail clients, according to a securities industry committee. FULL STORY: click
here
MARKETS SURGE HIGHER ON NEW TECH OPTIMISM
Investors in Canada and the United States were treated to solid gains
Thursday, amid renewed optimism after positive news from Nortel, Research in
Motion, and Juniper Networks. FULL STORY: click
here
RESEARCH IN MOTION SHARES JUMP AS EARNINGS BEAT
ESTIMATES
Shares of Research in Motion enjoyed a 28 per cent jump on Thursday, a day
after the company reported fourth-quarter results that handily beat analysts'
profit and revenue expectations. FULL STORY: click
here
HIGH-TECH INDUSTRY WANTS $500 MILLION FROM
OTTAWA FOR R&D
Canada's high tech sector is asking the federal government to come up with
$500 million over the next five years to help companies attract top quality
staff and sustain growth in the industry. FULL STORY: click
here
CANADA 3000 ADDS MORE FLIGHTS, CITIES AS AIR
COMPETITION HEATS UP
Canada 3000 rolled out a revamped flight schedule Wednesday, promising to
serve 21 cities across Canada in the wake of the airline's recent acquisition of
Royal Aviation and CanJet. FULL STORY: click
here
RESEARCH IN MOTION BEATS ESTIMATES, BUT TAKES
$15M US WRITE-DOWN
Research in Motion (RIM) has reported fourth-quarter results that handily
beat analysts' profit and revenue expectations, as shipments of the company's
BlackBerry handheld devices showed strong growth. But the profit figures turn
into a loss after a $14.75 million US write-down is factored into the bottom
line. FULL STORY: click
here
YAHOO REPORTS SMALL PROFIT, CHOPS 400 JOBS
Internet media giant Yahoo has reported a Q1 profit of $7.6 million US (1
cent US a share), slightly beating expectations that the company would break
even. FULL STORY: click
here
CANADA 3000 ADDS MORE FLIGHTS, CITIES AS AIR
COMPETITION HEATS UP
Canada 3000 rolled out a revamped flight schedule Wednesday, promising to
serve 21 cities across Canada in the wake of the airline's recent acquisition of
Royal Aviation and CanJet. FULL STORY: click
here
ROGERS COMMUNICATIONS POSTS $104 MILLION Q1 LOSS
Rogers Communications, blaming a slow advertising market and weak
performance in its wireless division, has posted a wider-than-expected first
quarter loss. FULL STORY: click
here
ANOTHER OILPATCH TAKEOVER: BAYTEX ENERGY
ACQUIRES TRIUMPH ENERGY
Baytex Energy is offering to buy all of the shares of Triumph Energy for
$159 million -- the latest deal to hit Canada's takeover-prone oilpatch. FULL
STORY: click
here
MOTOROLA REPORTS WIDER-THAN-EXPECTED LOSS
Motorola reported its first quarterly operating loss in more than 15 years
Tuesday, posting a loss that was even worse than analysts already-reduced
estimates. FULL STORY: click
here
TALISMAN PICKS UP PETROMET FOR $731 MILLION CASH
Talisman Energy Inc. went shopping Tuesday and picked up Petromet Resources
Ltd. in a deal worth $731 million in cash. FULL STORY: click
here
MARKETS HOLD STRONG GAINS AS TECHS REBOUND
North American stock markets hung on to its early gains Tuesday, ending with
triple-digit increases as investors cheered the absence of major earnings
warnings and went for what they hoped would be a little bottom-fishing. FULL
STORY: click
here
HUMMINGBIRD GROUNDED AFTER PROFIT WARNING AND
ANALYST DOWNGRADES
Investors plucked the feathers from Hummingbird Inc. on Tuesday after the
company issued its second quarterly earnings warning in a month. FULL STORY: click
here
TALISMAN ADMITS SUDAN MISTAKES; DEFENDS ROLE IN
WAR-TORN COUNTRY
Talisman Energy acknowledged Tuesday that it's made mistakes in Sudan, but
defended its controversial role in the African country in what it called its
first "Corporate Social Responsibility Report". FULL STORY: click
here
RESOURCES LEAD TSE HIGHER
Energy and mining companies were the standouts in an otherwise flat Monday
on the TSE, while investors in Nasdaq and NYSE-listed stocks took comfort in a
surprisingly upbeat pre-announcement from Amazon.com. FULL STORY: click
here
AMAZON STOCK JUMPS ON BETTER THAN EXPECTED
EARNINGS FORECAST
Shares of Amazon.com soared more than 33 per cent Monday, as the online
retailer said its expects higher sales and a smaller loss in its first quarter.
FULL STORY: click
here
CHEVIOT COAL MINE A STEP CLOSER TO REALITY
The contentious plan to open a coal mine near Jasper National Park took a
step forward Monday when the federal government approved an environmental review
of the project. FULL STORY: click
here
NASDAQ COMPLETES DECIMALIZATION
After two centuries of North American stock trading, the era of fractional
stock quotes has come to an end. The once ubiquitous quotes in
"eighths" or "sixteenths" of a dollar are now a thing of the
past, as the Nasdaq on Monday became the last North American market to fully
adopt decimal stock quotes. FULL STORY: click
here
NBC TO CLOSE INTERNET PORTAL NBCI
NBC has become the latest big media company to slash its Internet presence,
announcing plans to fold its money-losing NBCi Internet subsidiary. FULL STORY: click
here
CALIFORNIA'S BIGGEST POWER UTILITY FILES FOR
BANKRUPTCY PROTECTION
Pacific Gas and Electric, California's largest electrical utility, filed for
bankruptcy protection Friday after months of negotiations failed to help the
debt-ridden company. FULL STORY: Click
here
MARKETS RETREAT ON U.S. JOBS DATA
Those red "down" arrows were the order of the day on stock markets
in Canada and the United States on Friday. Stocks showed continued weakness
after U.S. economic data again raised the spectre of recession. A bankruptcy
protection filing by California's biggest utility didn't help either. FULL
STORY: Click
here
UNEMPLOYMENT GROWS SLIGHTLY TO 7 PER CENT IN
MARCH
Canada's jobless rate inched up 0.1 percentage points in March to stand at
7.0 per cent, as more people entered the labour force in search of work. FULL
STORY: Click
here
BANKS BRING MORTGAGE RATES IN LINE
For a while this week, Canada's big banks couldn't agree on what to charge
borrowers for mortgage money. But by Friday, all of the major banks had adjusted
their rates so that, once again, there is little difference among the top six
banks when it comes to the cost of mortgage money. FULL STORY: Click
here
LOONIE WILL GO LOWER, BUT EXPECTED TO HIT 65 CENTS US BY END OF YEAR: TD Weakening global demand for commodities will likely push the Canadian dollar below 63 cents US, an economist with Toronto Dominion Bank said Friday. FULL STORY: Click here
BULLS STAMPEDE ON UPBEAT EARNINGS NEWS
Stock markets on both sides of the border recorded strong gains Thursday as
investors rushed into beaten-down stocks, resulting in the kind of one-day gains
that many issues hadn't seen since the tech mania of a year ago. FULL STORY: Click
here
CHAPTERS-INDIGO MERGER GETS COMPETITION BUREAU'S
OK
The Competition Bureau has given a conditional "thumbs up" to the
merger of the Chapters and Indigo book chains, clearing the way for the formal
creation of a single national book-selling giant. FULL STORY: Click
here
CIBC LOWERS MORTGAGE RATES
Just two days after raising all of its mortgage rates, CIBC has lowered them
all. FULL STORY: Click
here
GILDAN SHUTS BARBADOS SEWING PLANT AFTER DRUG
FIND
Gildan Activewear, a major maker of T-shirts, has closed its Barbados sewing
plant after marijuana was found in a container filled with its clothing. FULL
STORY: Click
here
LUCENT DENIES BANKRUPTCY RUMOURS
Struggling telecom equipment maker Lucent strongly denied rumours Wednesday
that it's about to file for bankruptcy protection. The denial followed heavy
selling of Lucent's stock that sent the shares tumbling to their lowest level
ever. FULL STORY: Click
here
SELL-OFF CONTINUES AS WARNINGS MOUNT
Stock markets in Canada and the United States extended their
prolonged
slump Tuesday, as more companies peered into the future and reported
only gloom. FULL STORY: click
here
LIMPING LOONIE: DOLLAR CLOSES NEAR RECORD LOW
The loonie showed continued weakness Tuesday, trading as low as 63.21
cents US before rebounding to close at 63.32 cents US. The U.S.
greenback again showed its strength against virtually all of the world's
main currencies. FULL STORY: click
here
CIBC RAISES MORTGAGE RATES
CIBC, often the first of the banks to bump mortgage rates up or down,
has raised its rates across-the-board because of sudden weakness in the
bond market. FULL STORY: click
here
EURO COMMISSION APPROVES BOMBARDIER DEAL FOR
ADTRANZ
The European Commission on Tuesday gave Bombardier Inc. the green
light
to go ahead with the proposed $725 million acquisition of
DaimlerChrysler rail unit Adtranz. FULL STORY: click
here
BOWATER BIDS $1.2 BILLION FOR ALLIANCE FOREST
PRODUCTS
Bowater Inc. said Monday it will bid $1.2 million in cash and stock
to acquire Alliance Forest Products Inc.
FULL STORY: Click
Here
Euro markets slip in early
trading : Europe’s major markets slipped lower in early trading Friday, led by
technology stocks after the Nasdaq stumbled to a 29-month low.
Nasdaq falls to a two-year
low : The Dow industrials squeaked into
positive territory Thursday as the Nasdaq sank to a two-year low. By Roland
Jones
Neither bull nor bear on Wall
Street : We’ve had bull markets and bear markets.
But what is the appropriate mascot for the unsettled state of affairs on Wall
Street these days? By Christopher Byron.
WashPost: Gas prices likely
to rise : The nation’s gasoline inventories are
even lower than last year’s strained supplies, and motorists again face a risk
of a big jump in fuel prices, government analysts warn.
Boeing to shelve superjumbo
747X jet : Boeing Co. will put its proposed
superjumbo 747X commercial jet on the back burner and focus on developing an
all-new, mid-sized plane flying just below the speed of sound.
Microsoft won’t discuss
downturn : Microsoft declined to say on Friday
whether the sputtering U.S. economy would have an impact on its earnings
outlook for the second half of its current business year.
Hackers hit DoubleClick
: DoubleClick said its computers were
attacked by hackers this week and that its advertising and marketing services
have been “minimally disrupted.”
Sony hopes to overcome Net
appliance apathy : Undaunted by recent flops in the Internet
appliance market, Sony is readying the launch of eVilla, its Web-browsing
tabletop device. — By Jane Weaver
Power customers to get ‘heads
up’ : California’s biggest utility must tell
its San Francisco customers where rolling blackouts will strike so that
emergency services can prepare, state regulators have
Media firms reported in merger talks : Primedia and Brill Media Ventures are reportedly discussing a merger with Powerful Media that would consolidate the editorial operations of the companies.
Mac OS X hits
some marks, misses others
Retailers and initial buyers report strong enthusiasm for the new operating
system, which Apple Computer started selling Saturday. But limited hardware
support and a potentially flawed firmware upgrade could sour some people's
first experiences with Apple's first complete overhaul of its OS since its 1984
introduction.
March 29, 2001, 10:55 a.m. PT | 
Read Full Story
Tech execs walloped by tax rules
High-tech employees are getting smacked with exceptionally large tax
bills this year because of a collision between how stock options get taxed
under federal law and the slide in the stock market.
March 29, 2001, 11:35 a.m. PT | Read Full Story
Will tech boomtown become a ghost town?
Eighty percent of the remaining Internet companies in the San Francisco
Bay Area will close their doors during the next year, causing thousands of
layoffs and freeing up a vast amount of office space, new research says. But
the research, scheduled to be released Thursday, has caused a dispute between
the two groups involved. March 28,
2001, 2:00 p.m. PT
| Read Full Story
Cray to use Sun servers in supercomputer
Supercomputer stalwart Cray announced a deal to use new Sun Microsystems
servers in a design the company will begin selling later this year. Cray will
use the Sun Fire 6800--the most powerful of the new generation of servers based
on Sun's UltraSparc III chip--to shuttle data into and out of its upcoming
MTA-2 supercomputer, due to go on sale in the fourth quarter.
March 28, 2001, 1:00 p.m. PT | Read Full Story
IBM, Microsoft team with drug maker
Drug manufacturer Pfizer on Thursday said it is teaming with IBM and
Microsoft to launch a new venture to sell technology and services to the health
care industry, particularly those in smaller groups who represent 70 percent of
the office-based doctors in the United States.
March 29, 2001, 10:45 a.m. PT | Read Full Story
Sales of MP3 players expected to boogie
Market researcher IDC's latest study forecasts that worldwide shipments
of digital-audio players will grow from 3.3 million last year to 26 million in
2005. The bulk of these shipments will take place in the United States. IDC
expects that U.S. shipments will grow from 2.8 million in 2000 to 18 million in
2005.
March 28, 2001, 4:10 p.m. PT | Read Full Story
Tokyo got higher average - Japan’s Nikkei average ended higher WWednesday morning. Tech stocks such as NEC Corp. were buoyed by Nasdaq’s 2.8 percent rise on Tuesday. Click here for continued report.
Dow Jones gained 260
points, Nasdaq reached 54
US stocks played better despite prediction of economic recession. Click here for
continued report, Dow
surges 260 points, Nasdaq jumps 54.
California electricity to jump rate California Public Utilities Commission decide to hike rate to 46%, click here for continued report.
California Electricity is low despite higher rate. Even after a 46 percent rate increase in electric rates, power is still more affordable in California than in 14 other states. Click here for continued report.
The Walt Disney Co. will eliminate 4,000 full-time jobs, or about 3 percent of its work force, the company said Tuesday. Click here for continued report.
The U.S. recording industry accused Napster of willfully ignoring a federal judge’s order to block copyrighted material, saying the Internet song-swap service was still facilitating the trade of millions of illegal music files. Click here for continued report.
Jupiter Media Matrix reached a settlement in a patent-infringement case against PC Data, a leading rival in the business of tracking Internet usage. Click here for continued report.
AOL Time Warner Inc. said in its annual report released Tuesday that it plans to begin offering Earthlink Inc.’s high-speed Internet services over Time Warner cable lines in the second half of this year. Click here for continued report.
Agere Systems Inc., a subsidiary of Lucent Technologies Inc., will offer 600 million shares priced at $6 each, the company said Tuesday. Click here for continued report.
The amount of money flowing into Silicon Valley companies from the public markets is quickly evaporating, according to new data. Click here for continued report.
Euro markets slip in early
trading : Europe’s major markets slipped lower in early trading Friday, led by
technology stocks after the Nasdaq stumbled to a 29-month low.
Nasdaq falls to a two-year
low : The Dow industrials squeaked into
positive territory Thursday as the Nasdaq sank to a two-year low. By Roland
Jones
Neither bull nor bear on Wall
Street : We’ve had bull markets and bear markets.
But what is the appropriate mascot for the unsettled state of affairs on Wall
Street these days? By Christopher Byron.
WashPost: Gas prices likely
to rise : The nation’s gasoline inventories are
even lower than last year’s strained supplies, and motorists again face a risk
of a big jump in fuel prices, government analysts warn.
Boeing to shelve superjumbo
747X jet : Boeing Co. will put its proposed
superjumbo 747X commercial jet on the back burner and focus on developing an
all-new, mid-sized plane flying just below the speed of sound.
Microsoft won’t discuss
downturn : Microsoft declined to say on Friday
whether the sputtering U.S. economy would have an impact on its earnings
outlook for the second half of its current business year.
Hackers hit DoubleClick
: DoubleClick said its computers were
attacked by hackers this week and that its advertising and marketing services
have been “minimally disrupted.”
Sony hopes to overcome Net
appliance apathy : Undaunted by recent flops in the Internet
appliance market, Sony is readying the launch of eVilla, its Web-browsing
tabletop device. — By Jane Weaver
Power customers to get ‘heads
up’ : California’s biggest utility must tell
its San Francisco customers where rolling blackouts will strike so that
emergency services can prepare, state regulators have
Media firms reported in merger talks : Primedia and Brill Media Ventures are reportedly discussing a merger with Powerful Media that would consolidate the editorial operations of the companies.
Mac OS X hits
some marks, misses others
Retailers and initial buyers report strong enthusiasm for the new operating
system, which Apple Computer started selling Saturday. But limited hardware
support and a potentially flawed firmware upgrade could sour some people's
first experiences with Apple's first complete overhaul of its OS since its 1984
introduction.
March 29, 2001, 10:55 a.m. PT | Read Full Story
Tech execs walloped by tax rules
High-tech employees are getting smacked with exceptionally large tax
bills this year because of a collision between how stock options get taxed
under federal law and the slide in the stock market.
March 29, 2001, 11:35 a.m. PT | Read Full Story
Will tech boomtown become a ghost town?
Eighty percent of the remaining Internet companies in the San Francisco
Bay Area will close their doors during the next year, causing thousands of
layoffs and freeing up a vast amount of office space, new research says. But
the research, scheduled to be released Thursday, has caused a dispute between
the two groups involved. March 28,
2001, 2:00 p.m. PT
| Read Full Story
Cray to use Sun servers in supercomputer
Supercomputer stalwart Cray announced a deal to use new Sun Microsystems
servers in a design the company will begin selling later this year. Cray will
use the Sun Fire 6800--the most powerful of the new generation of servers based
on Sun's UltraSparc III chip--to shuttle data into and out of its upcoming
MTA-2 supercomputer, due to go on sale in the fourth quarter.
March 28, 2001, 1:00 p.m. PT | Read Full Story
IBM, Microsoft team with drug maker
Drug manufacturer Pfizer on Thursday said it is teaming with IBM and
Microsoft to launch a new venture to sell technology and services to the health
care industry, particularly those in smaller groups who represent 70 percent of
the office-based doctors in the United States.
March 29, 2001, 10:45 a.m. PT | Read Full Story
Sales of MP3 players expected to boogie
Market researcher IDC's latest study forecasts that worldwide shipments
of digital-audio players will grow from 3.3 million last year to 26 million in
2005. The bulk of these shipments will take place in the United States. IDC
expects that U.S. shipments will grow from 2.8 million in 2000 to 18 million in
2005.
March 28, 2001, 4:10 p.m. PT | Read Full Story
Tokyo got higher average - Japan’s Nikkei average ended higher WWednesday morning. Tech stocks such as NEC Corp. were buoyed by Nasdaq’s 2.8 percent rise on Tuesday. Click here for continued report.
Dow Jones gained 260
points, Nasdaq reached 54
US stocks played better despite prediction of economic recession. Click here for
continued report, Dow
surges 260 points, Nasdaq jumps 54.
California electricity to jump rate California Public Utilities Commission decide to hike rate to 46%, click here for continued report.
California Electricity is low despite higher rate. Even after a 46 percent rate increase in electric rates, power is still more affordable in California than in 14 other states. Click here for continued report.
The Walt Disney Co. will eliminate 4,000 full-time jobs, or about 3 percent of its work force, the company said Tuesday. Click here for continued report.
The U.S. recording industry accused Napster of willfully ignoring a federal judge’s order to block copyrighted material, saying the Internet song-swap service was still facilitating the trade of millions of illegal music files. Click here for continued report.
Jupiter Media Matrix reached a settlement in a patent-infringement case against PC Data, a leading rival in the business of tracking Internet usage. Click here for continued report.
AOL Time Warner Inc. said in its annual report released Tuesday that it plans to begin offering Earthlink Inc.’s high-speed Internet services over Time Warner cable lines in the second half of this year. Click here for continued report.
Agere Systems Inc., a subsidiary of Lucent Technologies Inc., will offer 600 million shares priced at $6 each, the company said Tuesday. Click here for continued report.
The amount of money flowing into Silicon Valley companies from the public markets is quickly evaporating, according to new data. Click here for continued report.
