Alcan's huge Novelis spinoff to carry $2.8-billion in debt

Article Abstract:

The launch of Alcan Inc.'s aluminium rolled-products business to be called Novelis Inc., that will run as a separate company from January 1, 2005 is expected to result in higher interest costs and potential restrictions on financial flexibility, thus will create an entity with $2.8 billion in debt. However, analysts believe that although Novelis appears to report debt, but will also generate higher earnings before interest, taxation, depreciation and amortization (EBITDA), thus showing positive sign of being capable to carry large debt burden.

Primary aluminum, Metal ores, not elsewhere classified, Aluminum industry, Novelis Inc.

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Abitibi touts governance, but chided on options

Article Abstract:

Richard Drouin, the chairman of Abitibi-Consolidated Inc., said that the newsprint producer was committed to sound corporate governance policies. Abitibi, which has expanded its stock options program, has been criticized by shareholders for increasing its stock options.

Personnel administration, Compensation and benefits, Corporate governance, Abitibi-Consolidated Inc., Forest products industry

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Executive decision: keep your growth and uniqueness in balance

Article Abstract:

The business growth plans of president Daniel Lamarre of Cirque du Soleil are presented.

Strategy & planning, Executive changes & profiles, AMUSEMENT & RECREATION SERVICES, Planning, Officials and employees, Entertainment industry, Company business planning, Lamarre, Daniel

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