Merger meltdown

Article Abstract:

Philip Morris's sale of Kraft Foods' marshmallow and caramel operations to an anonymous group of investors is an indication that the mid-1990s wave of acquisition activity is spinning out of control. Several other mergers are described, including Anderson Exploration's effort to acquire Home Oil Ltd.

Analysis, Mergers, acquisitions and divestments, Acquisitions and mergers, Column, Petroleum industry, Philip Morris Inc., Candy industry, Anderson Exploration Ltd., Home Oil Company Ltd.

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The debt beats

Article Abstract:

Rapidly increasing Canadian provincial debt has reached a point where it may no longer be sustainable. Since early 1991, total provincial debt has accumulated to in excess of $150 billion, with a combined deficit of around $23 billion. The debt may soon adversely affect provincial borrowing.

Canada, Finance, Provinces

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