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Caisse de depot seeks to cash in through heavy buy of BCE shares
"I would think they are merely placing a bet on the eventual outcome, which is that the Teachers will be paying out at a higher level than the market suggests" - Canada's largest pension fund manager, the Caisse de depot et placement du Quebec, may be looking to cash in on the privatization of BCE Inc. (TSX:BCE) after it nearly doubled its stake in Canada's largest telecom company in the last few months. The Caisse disclosed in a quarterly filing Tuesday with the U.S. Securities and Exchange Commission that it purchased 2.4 million shares of BCE in the three months ending March 31. That raises its stake to 5.26 million shares, valued at US$178.4 million, or $33.92 per share. Read more
Sale will end EDS independence
"Employees who do a good job, who are good performers, don't have to worry about anything." "It just came together," Rittenmeyer said Tuesday during an interview. The sale to Hewlett-Packard Co. via The Globe and Mail
GM official: Auto industry in recession
General Motors Corp. Chief Operating Officer Fritz Henderson says the U.S. auto industry is in a recession. via Lansing State Journal
Dish Network's 1Q profit up 65 pct amid slowdown
"Subscriber growth has been affected by worsening economic conditions, including the slowdown in new housing starts as well as by operational inefficiencies at Dish Network, signal piracy and other forms of fraud" Dish Network Corp. said Monday its first-quarter net income rose 65 percent even though new subscriber growth of its satellite television service plunged on the languishing economy and stiffer competition. via The Morning Call
Tribune's Newsday deal is one step in easing debt
"This is certainly the first step in alleviating near-term liquidity concerns" Tribune Co.'s $650 million sale of Newsday is an important step toward alleviating its debt burden - for this year. via The Topeka Capital-Journal
GM to close Canadian plant
General Motors Corp. says it will close its Windsor, Ontario, transmission factory in the second quarter of 2010. via NewsCenter 25
Charter Communications Q1 revenue up, loss narrows
Charter Communications Inc. reported a boost in revenue and narrowed its loss during the fiscal 2008 first quarter as the company benefited from increased telephone and high-speed Internet revenue, Charter ... via St. Louis Business Journal
Comtech to Buy Radyne
Radyne Corporation announced the signing of a definitive merger agreement with Comtech Telecommunications Corp pursuant to which Comtech has agreed to acquire Radyne in an all-cash transaction. via Light Reading
Digital TV switch may hit smaller markets
"Recent history has proven that broadcasters are willing to use consumers as pawns and disrupt service when it suits their goals" Next year's sweeping changeover to digital TV could be particularly rough in smaller TV markets like Iowa's, a top executive with the state's biggest cable operation warned Congress Wednesday. via Http
San Diego Honors Its 50 Best Moms
A special group of local moms got an early Mother's Day treat Saturday as they were honored as San Diego's 50 Best Moms. via KFMB-TV San Diego
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