A deathwatch for Loewen Group

Article Abstract:

Burnaby, British Columbia-based Loewen Group Inc. executives maintain that the funeral services titan is healthy and is far from folding up, despite grim second quarter earnings. Company Chief Financial Officer Paul Wagler, who is also a board member, said reports of Loewen Group's death has been exaggerated the past three years. Loewen Group is finding it harder to tap markets for badly needed fresh capital to sustain its revenue-generating expansion. Meanwhile, investors, fund managers and analysts are weary of Loewen Group's missed financial expectations and recurrent management faux pas.

Comment:

Executives maintain its business is healthy and is far from folding up despite grim second quarter earnings

Strategy & planning, Funeral Homes and Funeral Services, Funeral Services, Funeral industry, Loewen Group Inc., Article

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Thomson shows strength in revenue and profit

Article Abstract:

Information and publishing company Thomson Corp of Toronto, Ontario, has reported a profit of $86 million, or 14 cents a share, on revenue of $1.6 billion in the qtr ending June 30, 1999. The company posted a profit of $1.4 billion on profit of $1.4 billion, or $2.36 a share, on $15.5 billion in the year ago period, mainly due to the spin off of its travel division in May 1998. Thomson has registered a profit of $33 million on sales of C$2.9 billion in the 1st half of FY1999.

Sales, profits & dividends, Printing & Publishing, Thomson Corp.

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