Magna in overdrive: no Canadian has profited from contracting out as much as Stronach

Article Abstract:

Magna International was deeply in debt in 1990, but Stronach turned the company around, profiting a great deal from outsourcing contracts with the major auto firms. Magna's revenues will hit $6 billion in 1996. Stronach is anti-union, but says employees are well paid and enjoy profit sharing.

Automobile equipment and supplies industry, Economic aspects, Automotive parts industry, Cover Story, Magna International Inc., Company Profile, Outsourcing, Stronach, Frank

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Striking it rich: how Falconbridge CEO Frank Pickard engineered a $4-billion nickel bid

Article Abstract:

On Feb 9, 1996, Falconbridge Ltd offered $4 billion for the huge nickel deposit in Voisey Bay, Labrador, which is owned by Diamond Fields Resources Inc. Some analysts predict the mine could reap as much as $500 million per year in profits. Inco Ltd may also make a counter bid for the mine.

Mergers, acquisitions and divestments, Natural resources, Inco Ltd., Nickel industry, Labrador, Falconbridge Ltd., FALCF, Diamond Fields Resources Inc., Pickard, Frank

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Singing the blues: discount dealers and record clubs put the squeeze on music retailers

Article Abstract:

Canada's recordings retailers are experiencing a wave of changes in the mid-1990s. Independent record shops are losing market share to discount chains and record clubs, which has forced some independents out of business.

Finance, Market share, Sound recording industry, Recording industry, Specialty stores

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