Canada

The CEO of Fraser Papers Inc. says the company's best bet to move forward as a money-making entity is a restructuring that would involve the creation of a separate company to oversee the firm's specialty paper business in Edmundston and in Mada ...

Daily Headline - global.abi.org - 10/20/2009 - 10:45 - 0 comments

In the year-long economic slump that is the most severe Canada has experienced since the early 1990s, 357,000 people have lost their jobs – in every sector of the economy, and at every level of the work force, The Globe and Mail reported. But the mel ...

Daily Headline - global.abi.org - 10/19/2009 - 08:00 - 0 comments

Former employees of Nortel Networks Inc. pressed MPs on Thursday to change federal bankruptcy legislation to provide more protection for pensioners and laid-off workers of insolvent companies, the Canwest News Service reported. After filing in January in ...

Daily Headline - global.abi.org - 10/09/2009 - 09:26 - 0 comments

Lakeside Steel Inc. is interested in acquiring some or all of the assets of Barzel Industries Inc. through the Chapter 11 bankruptcy process, Ontario’s Welland Tribune reported. On Sept. 15, Barzel and its U.S. subsidiaries voluntarily petitioned for ...

Daily Headline - global.abi.org - 09/23/2009 - 08:53 - 0 comments

Nortel Networks Corp. said Monday that it intends to auction off some of the company's carrier networks business assets in bankruptcy court, The Associated Press reported. Nortel said the auction will be for its next-generation packet core network c ...

Daily Headline - global.abi.org - 09/22/2009 - 09:06 - 0 comments

The president of a leading European business group has condemned Germany's plan to sweeten the sale of Opel, General Motors' European arm, to a Canadian-led consortium with an offer of billions of euros in subsidies, the Financial Times rep ...

Daily Headline - global.abi.org - 09/21/2009 - 08:17 - 0 comments

Canada has decided against launching a review of the $1.13 billion sale of the wireless assets of bankrupt Nortel Networks to Sweden's Ericsson, Industry Minister Tony Clement said on Wednesday. "I am satisfied that the assets sold fall well be ...

Daily Headline - global.abi.org - 09/17/2009 - 09:39 - 0 comments

Canada's auto warranty program designed to help out the troubled North American car industry ended today and it didn't cost taxpayers a dime, Industry Minister Tony Clement says. "It was never activated because it was conditional upon eith ...

Daily Headline - global.abi.org - 09/17/2009 - 09:38 - 0 comments

There is rough news for employees at Arclin Canada with word that workers in Thunder Bay are being laid off, Net News Ledger reported. The move comes as the company continues to restructure. On July 27, 2009, Arclin announced that it reached an agreement ...

Daily Headline - global.abi.org - 09/17/2009 - 09:38 - 0 comments

Ford Motor Co.'s Canadian division and the Canadian Auto Workers union began labor talks on Tuesday after the union made substantial concessions to both General Motors and Chrysler earlier this year, The Associated Press reported. Ford asked the CAW ...

Daily Headline - global.abi.org - 09/09/2009 - 08:14 - 0 comments