RCMP says it won't lay charges in Bre-X case

Article Abstract:

Bre-X MInerals Ltd will not face litigation regarding its involvement in the controversy of its Busang gold deposit in Indonesia. After two years of investigation RCMP spokesman Peter Macaulay said there is no enough evidence to pursue criminal charges against Bre-X which had seen its market value reached record proportions when it announced that it discovered the world's biggest gold deposit, which turned out to be a fraud.

Strategy & planning, Gold Ore Mining, Gold Mines, Bre-X Minerals Ltd.

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Analysts skeptical about Eaton's finding a buyer

Article Abstract:

T Eaton Co Ltd's efforts to find a buyer may be for nought, said analysts. Observers said the struggling Canadian retailer has been unofficially looking for a buyer for months even though it only formally announced its search on May 18, 1999. A source said a group of retailers that includes Sears Canada Inc and Macy's is eyeing several Eaton's stores, but is waiting until the company goes under to get a lower price.

Asset sales & divestitures, Department Stores, T. Eaton Company Ltd.

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