Embattled Portus circles the wagons: Redemptions halted pending probe

Article Abstract:

Portus Alternative Asset Management Inc. has instructed to its client not to withdraw any money from the company's investment fund. The fund manager, who is under investigation by regulators across Canada, indicates that the company has suspended all redemption requests from investors with immediate effect.

Management dynamics, Management investment, open-end, Management, Investor relations, Mutual fund industry, Company business management

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Interstate bakeries files for protection: Move could provide boost for rival George Weston

Article Abstract:

The U.S. baker of Wonder Bread, Twinkies, Ding Dongs and HoHos are forced to file for bankruptcy protection due to craze for low-carb diet. Changing consumer preferences saw a fall of sales by 4 percent in the year 2003 of Interstate Bakeries, which produces Hostess Twinkies.

Bakery Products, Finance, Baked products industry, Baked goods industry, Interstate Bakeries Corp., IBC, Company financing, Bankruptcy, Company bankruptcy

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Frito Lay plans to spice up life with new chips

Article Abstract:

The reasons behind the launch of potato chips by Frito Lay Canada Inc., subsidiary of PepsiCo. Inc., are presented.

Canada, Product introduction, New Products/Services, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Potato Chips, Other Snack Food Manufacturing, Potato Chips, Flavored, Potato chips and similar snacks, Snack foods industry, PepsiCo Inc., PEP, Subsidiaries, divisions and units

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