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Industry minister says MDA should not sell assets to get foreign contracts
LONGUEUIL, Que - Federal Industry Minister Jim Prentice says lack of market access shouldn’t be a reason for Canadian companies like MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) to sell their businesses to foreigners. He made the statement at the Canadian Space Agency on Friday, just...
Friday , May 09, 2008

Gates: Microsoft to go its own way after failed bid for Yahoo
JAKARTA, Indonesia - Microsoft Corp. will focus on growing its own advertising and Internet search business after it withdrew its takeover offer for Yahoo Inc., chairman Bill Gates said Friday. Microsoft has not presented an alternative strategy to compete with its dominant rival in the In...
Friday , May 09, 2008

Icahn prepared to buy Circuit City if Blockbuster can’t
NEW YORK - Consumer electronics retailer Circuit City Stores said Friday that it will allow Blockbuster to review its books in connection with the video-rental chain’s bid to buy the company. Circuit City also revealed that it received a letter from Blockbuster indicating that the company’...
Friday , May 09, 2008

Asset sales boost Clear Channel profit; Deal still in limbo
NEW YORK - Clear Channel Communications Inc., a major radio and outdoor advertising company, reported higher first-quarter earnings Friday on asset sales but operating results were flat, reflecting weak demand for radio advertising. The San Antonio, Texas-based company is battling its lend...
Friday , May 09, 2008

Police officer in Windsor investigated for intimate conversation over scanner
WINDSOR, Ont. - A police officer in Windsor, Ont., has been put on administrative duties after he had an intimate conversation over the police scanner. Windsor police began an investigation after the audio of the conversation was posted on YouTube. Staff Sgt. Ed McNorton says the officer w...
Friday , May 09, 2008