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IN BRIEF.(TO THE POINT)
Nortel Networks was ruled to be in default by Canadian regulators for failing to file financial statements due to accounting problems. The ruling means that Nortel has to issue financial updates every 2 weeks, and regulators can bar insider trading. Shares fell 10% to 3.38.
Sprint is offering a new plan that cuts costs for customers who use more than their allotted minutes. The move comes a week after Nextel began testing a similar program.
Titan, the technology services provider, made 16 cents a share ex items, 23% over a year ago but 3 cents under views. Revenue rose 21% to $459 mil. The firm, ...
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