Backup plans enable banks to give key services

Article Abstract:

The banking industry in Canada lost service in many of its ATM machines during the massive North American power failure. Canadian banks continued to operate during the blackout although over 1,000 bank branches were forced to close.

North America, Use of energy, Economic aspects, Energy use, Power failure, Power failures

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Teck plans huge share sale, raising cash for new Inco bid

Article Abstract:

Details of Teck Cominco Ltd.'s proposed acquisition strategies for Inco Ltd., outbidding Phelps Dodge Corp. and Companhia Vale do Rio Doce S.A., are presented.

United States, Acquisitions & mergers, Brazil, Mining & Extractive Industries, Mining, Primary copper, Copper ores, All Other Metal Ore Mining, METAL MINING, Ferroalloy Ores, Chemical & Fertilizer Minerals, Other Nonmetallic Mineral Mining and Quarrying, Mergers, acquisitions and divestments, Company acquisition/merger, Mining industry, Copper industry, Phelps Dodge Corp., Mineral industry, Companhia Vale do Rio Doce S.A., Teck Cominco Ltd.

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RBC plans switch to single auditor next year

Article Abstract:

Royal Bank of Canada will begin using a single auditor in 2004.

Capital funds & cash flow, Accounting and auditing, Royal Bank of Canada

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