Resource firms turn to selling off divisions

Article Abstract:

Paper maker Smurfit-Stone Container Corp of Chicago, IL, will sell a 41-million-share stake in Abitibi-Consolidated Inc of Montreal. The value of the stake is projected to reach C$684 million. In another deal, Nova Chemicals is selling its 38.8-million state in energy marketing company Dynegy Inc of Houston, TX. The value of the stake is expected to fetch $645 million based on the latest closing price of Dynegy shares.

Asset sales & divestitures, Energy, Utilities, Paper, Paper Mills, Power resources, Paper industry, Abitibi-Consolidated Inc., Dynegy Inc., Smurfit-Stonne Container Corp.

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High-tech broker hurt by misrouted order

Article Abstract:

ITG Canada Corp., which is a high-tech brokerage house, suffered high losses due to a misrouted order. ITG, which is led by president and chief executive officer Ken Hight, reported that an order of approximately forty stocks was sent to the Toronto Stock Exchange by mistake.

Financial management, Security and Commodity Services, Finance, Company financing, Investment Technology Group Inc.

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Wood Gundy marks a storied, irretrievable, past

Article Abstract:

The history of Wood Gundy, municipal and high-class securities dealers, is presented. The once famous and successful brokerage firm is now reduced to a mere brand name under its successor CIBC World Markets.

Services information, Security brokers and dealers, Services, Company Profile, Wood Gundy Inc.

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