Hollinger plans to cut debt by more than $1-billion
Article Abstract:
Hollinger Inc chairman and CEO Conrad Black said the company aims to reduce its debt by over C$1 billion in 1999. The Toronto, Ontario-based company expects its debt to decrease to C$180 million from C$718 million, while its Chicago, IL-based subsidiary, Hollinger International Inc, should see its debt shrink to less than $1 billion from $1.68 billion. The debt restructuring will be carried out through a series of financings, including a share rights offering that is expected to generate as much as C$115 million.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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Transat forecasts profit despite war, market slump
Article Abstract:
Jean-Marc Eustache, the chairman and chief executive officer of Transat A.T. Inc., said that he expects the airline will report a profit. Transat, which is a leisure travel and tour packages specialist, reported a $7 million loss in the first quarter.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
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HSBC?s interest income boosts profit
Article Abstract:
Vancouver, BC-based HSBC Bank Canada, which is led by president and chief executive officer Martin Glynn, reported a 78% rise in second quarter profit. HSBC, which is Canada?s largest foreign bank, reported $73 million in second quarter profit.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
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