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Citi shuts down Canadian investment bank

Citigroup is opting to cover corporate Canada from New York, giving notice to its entire staff of 12 investment bankers in Toronto this week.

Lunchtime Links: Banks want work-out expertise

Having exhausted their appetite for structured credit specialists, it seems banks are now opting for something a little less arcane: good old work-out experts who can help turn ailing businesses around. The Financial Times says banks’ commercial lending arms are shopping for the kinds of work-out experience more commonly found in private equity funds. The impetus appears to be debt for equity swaps, which could leave lenders holding equity in distressed companies.

Bank on it: An end to anti-virus

Has the anti-virus market become obsolete? It seems that some network administrators are opting out in favor of newer, more flexible options.

Ponting hurt by accusations of being selfish

Universally censured and asked for an explanation by Cricket Australia once he lands in Sydney on Tuesday night for opting to catch up overs instead of going full tilt in I ndia's second innings of the final Test on Sunday, Ricky Ponting defended himself and said he was disappointed at being accused of being 'selfish.'

Atari halt file-sharing legal action

Atari had been planning a legal assault on file-sharers, but it appears the game maker would rather keep their street cred with gamers intact after opting to halt the proceedings.

China Goes With Lenovo For Its Own Google Phone

China will be getting its own version of an Android device in the first quarter of 2009, but rather than going with HTC's G1 handset, China Mobile is opting for a Lenovo Mobile version of the Google phone instead. Details on the Lenovo Android are scarce, but considering the G1's already available through less-than-legal channels in the country, it'll be interesting to see how it fares. Though the black market version costs a pretty ridiculous $550 right now, it's possible that unauthorized resellers are keeping the price high until other Android sets hit the streets. [Shanghaiist and Electronista]

EVGA prepping X58 motherboard

Up to this point, EVGA has exclusively manufactured motherboards based solely on NVIDIA chipsets, but starting next month the company plans to produce their first motherboard that deviates from this formula, opting to produce a board based on Intel's X58 chipset. Dubbed the X58 SLI FTW, the motherboard will ship with 6 DDR3 DIMM slots and support for 2 and 3-Way SLI as well as ATI CrossFireX.

Looking for Simpler Life, Lawyer Burns Harvard Law Diploma

If you thought about it, but could never quite muster the courage to strike a match, you can live vicariously through "Jack," a Washington, D.C., a 30-something lawyer who announced on his blog in June that he is giving up his $300,000-plus annual salary and opting for a simpler life.

eCommerce Market in China

With the initiation of eCommerce in China, retail store owners have great many options to sell their products which are provided by manufacturers, distributors, and the suppliers through international trade. It offers the consumers a number of choices to select from wide range of eCommerce product. The cost of production has reduced greatly and income generated has increased in international trade. Even opting for import business on a large scale is very easy now, and all due to eCommerce practices in China.

The Myth of Upgrade Inevitability Is Dead

Several readers pointed out a ComputerWorld UK blog piece on the expanding ripples of the Vista fiasco. Glyn Moody quotes an earlier Inquirer piece about Vista, which he notes "has been memorably described as DRM masquerading as an operating system": "Studies carried out by both Gartner and IDC have found that because older software is often incompatible with Vista, many consumers are opting for used computers with XP installed as a default, rather than buying an expensive new PC with Vista and downgrading. Big business, which typically thinks nothing about splashing out for newer, more up-to-date PCs, is also having trouble with Vista, with even firms like Intel noting XP would remain the dominant OS within the company for the foreseeable future.

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