CIBC defends U.S. strategy

Article Abstract:

Canadian Imperial Bank of Commerce (CIBC) is being criticized for its aggressive strategy to compete on the territory of Wall Street's major investment banks. The critics gained strength after CIBC said its latest quarterly profit will greatly fall short of expectations, mostly due to lower revenue and higher than expected costs in its US equity business. Meanwhile, company executives maintain confidence on their November 1997 acquisition of Wall Street brokerage Oppenheimer & Co. Inc. The executives said there have been no adverse surprises at Oppenheimer, whose shortcoming they were fully aware of during the acquisition.

Comment:

Is being criticized for its aggressive strategy to compete on the territory of Wall Street's major investment banks

Commercial Banks, Commercial Banking, Canadian Imperial Bank of Commerce, Article

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Globe, Star announce beefed-up career Web site

Article Abstract:

Workopolis.com, which is owned by Toronto, Ont.-based Torstar Corp. and The Globe and Mail newspaper, will offer job positions, career guidance and market research. Workopolis.com, which is led by president Kim Peters, has been marketed as the country's largest employment Web site.

Newspapers, Newspaper Publishers, Employment Placement Agencies, Employment agencies, Newspaper publishing, Employment services, Torstar Corp., Globe and Mail (Newspaper), Workopolis.com

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Dot-come carnage forces firms to focus on profit

Article Abstract:

In the wake of heavy dot-com downfalls, those left standing are now focusing on more realistic and tradtional approaches to business.

High technology industry

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