Nortel strategy to focus on cash, costs, CEO says

Other author's news:

• TV, Online Units Fuel Playboy Profit - Playboy Enterprises Inc. onWednesday reported a better-than-expected quarterly net profit,helped by strength at its television and online operations thatovercame lower results at its flagship magazine.
• Barclays first half profit rise boosts shares - British bank Barclays Plc postedfirst-half profit ahead of forecasts on Friday as revenuegrowth more than made up for rising bad debt charges, sendingits shares up.
• Credit Suisse to Integrate Units - Credit Suisse will fully integrate itsinvestment bank Credit Suisse First Boston with the rest of itsbanking business, the Swiss group said on Tuesday, as it setambitious earnings targets for 2007.

Similar news:

• Nortel Stock Sinks as CEO Warns of Cost Targets - "I remain pleased with Nortel Networks market momentum and continue to expect our revenues in 2004 to grow faster than the market (which we expect will grow in the low to mid single digits)," chief executive Bill Owens said in ...
• Nortel Networks stock jumps after CEO stresses cost controls amid probe - TORONTO (CP) - Shares in Nortel Networks jumped about 10 per cent early Tuesday after CEO Bill Owens said the troubled company is focusing on cost controls amid an investigation into finances that led to the firing of top executives.
• Microsoft CEO: Merger Strategy Unchanged - Microsoft Corp. is stilltargeting smaller companies for acquisitions, despitespeculation that now-scuttled merger talks with businesssoftware giant SAP AG signaled a shift in strategy,Chief Executive Steve Ballmer said on Tuesday.

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