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E*Trade Sells Canadian Unit for $442 Million
The Bank of Nova Scotia agreed to buy the Canadian operations of the online brokerage E*Trade Financial Group for $442 million.

Business Briefing | Deals: Ashland Announces Deal to Acquire Chemicals Maker
Ashland said on Friday that it would buy the specialty chemicals maker Hercules in a $2.6 billion cash-and-stock deal that also includes a hefty debt load.

Google Introduces a Cartoonlike Method for Talking in Chat Rooms
Google?s new online tool allows people to embody a cartoonish online avatar and have text-based conversations with other Internet users in virtual chat rooms.

Rare Hollywood Type: Camera-Ready Executive
Tom Rothman, the co-chairman of Fox Filmed Entertainment, has developed a cult following for his historical monologues and self-deprecating style on the show ?Fox Legacy.?

Economic Problems in Britain Mimic Those in U.S.
The British economy, like that of the U.S., may be headed for recession, and the reasons are similar: the collapse of a once red-hot housing market and rising inflation.

Myriad Genetics Stops Work on Alzheimer?s Drug
Flurizan, a drug developed by Myriad Genetics to treat Alzheimer?s disease, failed in a closely watched late-stage clinical trial, dealing another blow to efforts to combat the illness.

Suits: Pow! Take That, My Fellow Banker
Bankers and traders at Trader Monthly?s Wall Street Boxing Summer Showdown last week could hardly exchange a greeting without joking about the most dramatic matchup at a similar event last fall. That was before the collapse of Bear Stearns, and the night?s most powerful fighter, from the trading desk at Bear, pummeled a Goldman Sachs trader to the ground in seconds. Spectators cried out to the Goldman boxer, ?Don?t worry, you?ll end up with the bigger bonus.?.

New Flavors for Addresses on the Web
Icann voted to permit the introduction of new Web addresses ending in words like .paris, .perfume and .sports, making the most sweeping changes in the network?s 25-year-old addressing system.

Technology Leaders Favor Online ID Card Over Passwords
A technology industry foundation aims to reduce password overload among computer users through the creation of a system akin to an online identity card.

Business Briefing | Trade: U.S. Pipe Makers Win Trade Decision Over China
The International Trade Commission voted 5-0 that the American industry was being harmed by the import of circular steel pipe.