During the dot-com craze nearly a decade ago, practically every other IPO was by a tech company. Last year saw a revival, with 37 information technology companies raising US$7.6 billion — their best showing since the bust.
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Canwest Global Communications Corp. said it had sold three U.K.-based radio stations on Monday, stating the FM outlets “could not meet [their] financial performance expectations.”
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‘The Snowball: Warren Buffett and the Business of Life,’ the first written with the billionaire’s cooperation, is being written by former Morgan Stanley insurance analyst Alice Schroeder.
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The main TSX index slid 1% Monday, dragged lower by resource shares, which fell in tandem with commodity prices.
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Sharply lower oil prices and a broader correction among other major currencies against the greenback has helped push the Canadian dollar down almost 7% since last hitting par with its U.S. counterpart just three weeks ago. And if economic forecasts are correct, the loonie will decline further, boosting the prospects for industries like manufacturing, forest products, information technology and health care.
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New numbers confound economists who now say the housing market is falling faster than expected.
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The message during Franklin Templeton’s recent annual Investment Outlook and Opportunities Forum in Toronto was that stock markets have likely bottomed, which raises the questions — have they, and should we care?
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Gambling revenue on the Las Vegas Strip declined 3% to US$486.4 million in June, Nevada’s Gaming Control Board said Monday in an e-mailed statement, compounding drops of 16% in May, 1.3% in April, 4.8% in March, 3.1% in February and 1.3% in January.
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While heads continue to roll at banks on Wall Street and in the City of London, senior bankers from Europe and North America are seeking refuge in the East, where the financial sector is enjoying more fortuitous times.
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Georgia calls for tough, unified diplomacyKansas.com, KS - 14 hours agoUS Secretary of State Condoleezza Rice made more than 50 phone calls over the weekend, and President Bush said (between Olympics events) that when he spoke …
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