MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

Profits may be soaring for some technology companies, but not Investment Technology Group (ITG), where earnings dropped 15 percent to $8.4 million for the second quarter ended June 25. The slump can partly be traced to a $4.5 million write-off the company took when it was spun off from institutional brokerage, Jefferies Group, although the company has also lost more than $329,000 on its business in Europe, which is less than a year old. ITG, which owns the Posit electronic crossing network

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