Nortel loss balloons, CEO to step down
Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets. Nortel, once North America's biggest maker of telephone gear, also posted a bigger quarterly loss due to big reorganization costs and plunging sales, which it blamed on the weak economy. Read Full Article here.
First U.S. wireless pacemaker gives patient freedom
After relying on a pacemaker for 20 years, Carol Kasyjanski has become the first American recipient of a wireless pacemaker that allows her doctor to monitor her health from afar -- over the Internet. When Kasyjanski heads to St. Francis Hospital in Roslyn, New York, for a routine check-up, about 90 percent of the work has already been done because her doctor logged into his computer and learned most of what he needed to know about his patient. Read Full Article here.
Dish Network profit falls; net subscribers rise
Dish Network Corp , the second largest U.S. satellite TV operator, posted a fall in quarterly profit, hurt in part by expenses tied to a litigation with TiVo Inc , but reported its first quarterly net subscriber rise in more than a year. Read Full Article here.