Quebec demands new deal on stock exchanges

Article Abstract:

Quebec Finance Minister Bernard Landry is calling for a renegotiation of the deal to restructure Canada's stock markets, stating that the economic future of the province will depend on the maintenance of a junior stock exchange. Landry also said that the transformation of the Montreal Exchange into a derivatives-only market will be too risky. The minister stressed the need for the government to consider the overall economy and not look solely on the interests of the financial industry.

Canada, Securities and Commodity Exchanges, Government regulation (cont), Securities Exchanges, Exchanges

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Seagram does net deal with BMG

Article Abstract:

Seagram Co Ltd's Universal Music Div has formed a joint venture with German BMG Entertainment to sell music over the Internet. Under the deal, the two companies will promote each other's artists, market compact discs and eventually enable consumers to download their CD's in digital format. Universal Music and BMG controls 43% of the $13-billion music market in 1998, with sales of almost one billion CDs.

United States, Germany, On-Line Information Services, Joint ventures, Videotex & Teletext, Internet services, Universal Music

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