Orbital Engine Corp. eliminates 37 technical and support staff positions, a move expected to result in annual savings of $2 million. Orbital blames weak trading conditions in the second half of 2001 and reduced interest in fabrication and testing of engine prototypes for the cuts. Shares of Magna International Inc. fell 6% on Jan. 14 following the sudden departure of President James Nicol, who says he is leaving to pursue “new challenges.” Nicol is replaced by Belinda Stronach, current ...

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