Merrill set to sell off Canadian brokerage

Article Abstract:

Merrill Lynch Canada to be sold. Merrill Lynch and Company officials announced they were unable to attract the country's wealthiest investors, that the retail force would be shed, and the company would instead focus on the high-net-worth market in the U.S.

United States, Securities Dealers, Investment Banking and Securities Dealing, Security brokers and dealers, Management, Securities industry, Company Profile, MER, Merrill Lynch Canada Inc., Merrill Lynch & Company Inc.

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Chapters hastens plan to stem on-line losses

Article Abstract:

Chapters Inc. is accelerate its plans to stop losses on its online business. The company may sell or restructure Pegasus Wholesale Inc., but will not implement a "scorched-earth policy" to prevent a hostile takeover by Gerry Schwartz and Heather Reisman.

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Chapters CEO predicts more bids

Article Abstract:

Larry Stevenson, the chief executive of Chapters Inc., said that other bidders may make improved offers to acquire the company's book store chain. However, analysts believe such a sale will be difficult.

Beliefs, opinions and attitudes, Stevenson, Larry

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