Nortel Networks (fka NRTLQ)

[Phisherman]

PRESS DIGEST - Canada - Jan 15 01/20 11:43 AM



Jan 15 (Reuters) - The following are top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL:
- The Harper government has been floating the idea of a tax credit for

home renovations - an idea that could deliver significant stimulus for Canada's residential construction industry in the Jan. 27 budget.
- As the global financial crisis jeopardizes the future of private

pension plans, the Quebec government is taking the unprecedented move of guaranteeing benefits to pensioners and workers of companies whose plans go bankrupt.

Report on Business Section
- Nortel Networks Corp (NRTLQ:$0.0760,$-0.0070,-8.43%) , the humbled giant of Canadian technology, is

vowing to re-emerge from creditor protection a stronger company, but first needs to win over nervous customers and suppliers and possibly secure financial aid from skeptical governments.
- Many distressed auto-parts makers will collapse during the next few

months because of severe cuts in North American auto production during the first quarter, says Don Walker, co-chief executive officer of Magna International Inc (MGA:$28.50,00$-1.14,00-3.85%)

NATIONAL POST:
- Israeli Defence Minister Ehud Barak apologized to U.N.

Secretary-General Ban Ki-moon on Thursday after Israeli forces shelled the main U.N. aid compound in the city of Gaza, Ban told reporters.

Financial Post Section:
- Apple Inc (AAPL:$79.71,00$-2.62,00-3.18%) chief executive Steve Jobs is taking a leave of absence until

June, telling his employees in an e-mail that his health issues are more complex than he thought.
- Bernard Madoff returned to the confines of his luxury Manhattan
penthouse Wednesday after a second federal judge ruled against a request by U.S. prosecutors to jail the fallen financier.
- BA Energy Inc, developer of the C$4 billion Heartland Upgrader near

Edmonton, Wednesday became the first oil sands company to file for bankruptcy protection, fearing its parent company's major lender, Credit Suisse (CS:$20.17,00$-4.06,00-16.76%) , will recall a $507 million loan.
(Compiled by Bangalore Equities Newsdesk [phone]; within U.S. [phone])) Keywords: PRESSDIGEST/CANADA