The Canadian Press November 19, 2008 - 12:22 a.m. TORONTO - Mining company Agnico-Eagle Mines Ltd. (TSX:AEM) announced Wednesday that it plans to raise US$252 million in an issue of new shares, trading in the collection's stock halted pending the announcement. The Toronto-based company with developing metals mines in Canada, Finland, Mexico and the United States said it will issue eight million units at US$31.50 each, consisting of a apportioned lot and half a share-purchase warrant. Under the private placement, "one ...
Insurers seek trade-off for covering customers with pre-existing conditions
Nov 20 2008
Kevin Freking November 19, 2008 - 12:30 a.m. WASHINGTON (AP) - The health insurance industry said Wednesday it will support a national health care overhaul that requires them to accept all customers, regardless of pre-existing medical conditions, if it were not that in return it wants lawmakers to commission that everyone buy coverage. Lawmakers be under the necessity signaled their scope to shrewdness health care legislation early next year, and the insurance industry's support would make ...
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Economy: End of the beginning
Nov 20 2008
Economy: End of the beginning <!-- Economy: End of the beginning David Wolf Financial crisis, Credit crisis, Economic growth, deflation, housing 20081110 Why I’m afraid that the economic fallout from the financial crisis may have only just begun. /managing/strategy/ --> The desperate market action of October — a depth solidify by cold in the system’s money-market plumbing, historic plunges in equity markets around the world — finally prodded governments into aggressive co-ordinated action. Interest rates be in actual ...
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Finance: An ill wind
Nov 20 2008
Finance: An ill wind <!-- Finance: An ill wind Charles Mandel Iceland, Banking, Financial crisis, economic development 20081110 Icelandic bank failures chill Atlantic Canada. /managing/strategy/ --> Each year since 1998, special flights have ferried eager Icelanders 2,600 kilometres to Newfoundland to stock up on Christmas gifts. This year the flights are cancelled. A Newfoundland and Labrador trade missionary station to Iceland is also on hold. When banks in the cold, isolated European island began failing in early October, ...
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Supermarket operator Metro rings up 25.5 per cent quarterly profit rise to $72.3M
Nov 20 2008
Ross Marowits, The Canadian Press November 19, 2008 - 12:21 a.m. MONTREAL - Supermarket operator Metro Inc. (TSX:MRU.A) said it expects to ring in a stronger holiday shopping season as intense competition in Ontario is less "irrational" than a year ago. Montreal-based Metro said it's well-positioned to compete with discount and conventional store banners in Quebec and Ontario. "We expect Christmas to be true competitive in the one and the other markets as it always is and we'll be ...
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