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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jun 21, 2001
Page
10
A humorous Unisys release marks the 1951 UNIVAC I anniversary and reflects on our ambivalent relationship with computers. It contrasts past enormity with today’s power, questions control, and invites readers to consider whether life is better or worse with machines.
Oyal Bank sells RT Capital Management to UBS Asset Management for 350 million dollars. Michael Wilson will lead Brinson Canada as chairman and chief executive after the deal closes, reporting to UBS AM Americas head Benjamin Lenhardt. RT Capital will be renamed Brinson Canada and continue managing Canadian client relationships. AI
Federal Reserve chairman Alan Greenspan testified to Senate bankers about problem loans rising in retailing manufacturing and utilities. He urged regulators to monitor banks closely while noting progress in reducing risk and the likelihood of continued rate cuts to ward off a recession.
Telus Corp offers about 77 million US to acquire PSINet Canada assets under bankruptcy protection. The bid awaits court process with jobs promised for at least 95 percent of PSINet's 275 Canadian staff, protecting most workers though 14 may lose positions. PSINet Canada posted 2000 revenue of 75 million Cdn and runs a Toronto data centre serving around 8,600 corporate accounts nationwide.
Air Canada will provide e mail and Internet content on all aircraft after months of testing. Business travelers can use laptops to access the Web from their seats, with limited content updated several times hourly. Hardware installation begins this fall with Bell Mobility outlets supplying access points.
CP reports Winnipeg Commodity Exchange closing prices across commodities. Canola furthers gains with July 01 at 306.20 and May 02 at 310.60. Flax July 01 up 2.50 to 286.50, Barley Western July 01 flat at 136.80, Wheat July 01 up 0.50 to 135.50 and May 02 136.40. Volume totals show 121,000 tonnes traded with Canola leading at 100,540 tonnes.
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