Real estate titans form Web group to cut costs

Article Abstract:

An e-commerce alliance has been formed by major real estate companies in North America, including Toronto, Ont.-based TrizecHahn Corp. and Vancouver, BC-based Oxford Properties Group Inc., to cut costs. The alliance creates an online procurement exchange.

United States, On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Strategic alliances, Real estate agents and managers, Real Estate Agents & Brokers, Offices of Real Estate Agents and Brokers, Online services, Internet services, Contracts, Real estate agents, Real estate industry, TrizecHahn Corp., TZH, Oxford Properties Group Inc.

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Sources say Li not ready to walk: Air Canada deal 'troubled,' not 'dead'

Article Abstract:

Victor Li of Trinity Time Investments Ltd. is in talks with Air Canada top executives and states that they have not yet come to any conclusion about investing $650 million in Air Canada. Air Canada will seek an extension of its protection against creditors under the Companies' Creditors Arrangement Act (CCAA).

Management dynamics, Executive changes & profiles, Management, Officials and employees, Company investment, Investments, Negotiation, mediation and arbitration, Company business management, Li, Victor

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Air Canada unions eye other investors: Gearing up in case Victor Li pulls out

Article Abstract:

Air Canada union officials are aiming at other potential equity investors to withdraw the insolvent airline on the assumption that Trinity Time Investments Ltd. might win the plan for $650-million investment if the unions do not give in to pension demands it has made. The International Association of Machinists and Aerospace Workers (IAM), largest union of Air Canada disavowed a deal on pension cut with the airline by local union officials in Montreal.

Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger

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