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

Strategy & planning, Scheduled Airlines, Scheduled Air Transportation, Airlines, Canadian Airlines International Ltd.

Pezim fights for uncle's legacy

Article Abstract:

Prime Resources Group Inc.'s proposed acquisition by San Francisco, CA-based Homestake Mining Co., its controlling stockholder, was opposed by Larry Pezim, the nephew of Murray Pezim who encouraged Prime Resources Group's stockholders to acquire and maintain their shares of the firm. Homestake Mining, which controls a stake of 50.6% at Prime Resources Group, proposes a takeover deal that will place an approximately-C$11.80-per-share value on Prime Resources Group's stocks. Pezim and Jack Caplan, a long-time shareholder of Prime Resources Group, belong to a group of critics opposed to Homestake Mining's bid, citing that the offer is less that the acceptable worth of the assets of Prime Resources Group.

Comment:

Plans to acquire remaining shrs of Prime Resources Group for about C$11.80 a shr

Foreign operations, California, Mining & Extractive Industries, Mining, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Metal Ores, Metal Ore Mining, Mining industry, Homestake Mining Co., Ores, Prime Resources Group Inc.

VoIP rings the right bells for phone users

Article Abstract:

The trends in the voice over internet telephony services in Canada are presented. The internet based technology is getting popular for price, features and convenience.

Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Cable telephony, IP telephony, Internet telephony