Canadian Airlines still under gun

Article Abstract:

Canadian Airlines is still struggling to recover as it bears pressure from a number of sources including the Asian financial crisis and different exchange-rate related problems. The company has been compelled to issue more high-risk, high-yield debt in order to improve its working capital condition, thus increasing its debt and interest costs. Successive losses has diminished the company's equity value to minus C$108 million. Its latest offering has been rated triple-C minus by Standards & Poors and Caa2 by Moody's Investors Service, lower than the B-minus and B3 rating given by S&P and Moody's, respectively, to the company's previous C$175-million issue. The offering also had to be cut by around 20% because of poor demand.

Comment:

Struggles to recover as it bears pressure from number of sources including the Asian financial crisis and competition

Scheduled Airlines, Scheduled Air Transportation, Airlines, Canadian Airlines International Ltd., Article

Future Shop finally gets it

Article Abstract:

Future Shop, an electronics chain based in Vancouver, British Columbia, has decided to shutter all 23 of its US locations. Company CFO Gary Patterson said the closures are designed to stem a financial haemorrhage in its US operations. In deciding to do so, Future Shop adds to a list of Canadian retailers that have failed in their southern expansion, including Canadian Tire, Dylex and Imasco.

Radio, TV, Music, Electronics Stores, Future Shop

Market watchers still waiting for a reason to believe that all is well

Article Abstract:

Stock markets in U.S. relying on corporate earnings reports had to deal with mixed results and due to which the markets were also affected. Hence, investors are waiting for earnings reports that would justify a further rally in the stocks and felt it needed to go even higher.

Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Corporations, Corporate finance, Stock markets, Stock market