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Nortel reports Q4 profit as it sells its assets and winds down operations TORONTO - Nortel Networks Corp., which is operating under court protection from creditors, said Friday it earned US$1.78 billion in its latest quarter as it sold off assets and worked to wind down its operations. The company, which keeps its books in U.S. dollars, said its profit amounted ... Friday , March 12, 2010 Apple gives COO US$5M bonus, stock for performance during Jobs’ medical leave SEATTLE - Apple Inc. is giving its chief operating officer a US$5-million bonus for "outstanding performance" running the company while CEO Steve Jobs was on medical leave. Timothy Cook, 49, will also receive 75,000 restricted stock units scheduled to vest in 2011 and 2012, Apple said in a... Friday , March 12, 2010 Free news on Net fails as business model for traditional news outlets: nsiders MONTREAL - Media industry insiders are acknowledging that offering free news on the Internet has failed as a business model for traditional journalism outlets. Karen Dunlap, head of the Poynter Institute, says advertisers are not buying spots on news sites in the way newspapers and broadca... Friday , March 12, 2010 Satellite operator Telesat says removing ownership restrictions to help it grow MONTREAL - The removal of foreign ownership restrictions will allow Canadian satellite operator Telesat to grow through acquisitions and better compete against its larger rivals, says its CEO. CEO and president Dan Goldberg said Friday his three main global competitors are as much as five ... Friday , March 12, 2010 Exfo to boost presence in wireless testing business with Finnish acquisition QUEBEC CITY, Que. - Exfo Inc. (TSX:EXF) says it will increase its presence in the global market for wireless network testing with the acquisition of NetHawk Oyj, a Finnish company. The Quebec City-based company will pay euro37.3 million cash, or about C$53.5 million at current exchange rat... Friday , March 12, 2010
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