Correspondent, Toronto, Canada
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Jun 14, 2012
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Jun 14, 2012
Jun 14, 2012

Canada’s Alpha sees its future as Nasdaq of north

TORONTO, June 14 (Reuters) – Canada’s second-biggest stock
trading system, Alpha Group, wants to reinvent itself as the
Nasdaq of the north, offering small technology companies access
to a deeper pool of public funding as the tech sector seeks to
emerge from a decade of drift.

The strategy aims to carve out a clear identity for Alpha
even as it awaits approval of a grand plan that would fold it
under the same corporate umbrella as TMX Group – the
operator of the Toronto Stock Exchange, the small-cap TSX
Venture Exchange and other Canadian trading venues.

Jun 14, 2012

RIM shares drop after minor board shuffle

TORONTO (Reuters) – Shares of Research In Motion (RIM.TO: Quote, Profile, Research, Stock Buzz) fell more than 4 percent on Thursday morning after the struggling Blackberry maker named a financier to replace a telecom executive on its board, disappointing investors looking for more sweeping changes.

The company, whose share prices has tumbled alongside its once-dominant share of the smartphone market, also said it had paid its new CEO more than $10 million last fiscal year and gave him hundreds of thousands of stock options to take the top job in January.

    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Hometown:
      Melbourne, Australia
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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