Hollinger plans to cut debt by more than $1-billion

Article Abstract:

Hollinger Inc chairman and CEO Conrad Black said the company aims to reduce its debt by over C$1 billion in 1999. The Toronto, Ontario-based company expects its debt to decrease to C$180 million from C$718 million, while its Chicago, IL-based subsidiary, Hollinger International Inc, should see its debt shrink to less than $1 billion from $1.68 billion. The debt restructuring will be carried out through a series of financings, including a share rights offering that is expected to generate as much as C$115 million.

Newspaper Publishers, Newspapers, Hollinger Inc.

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Transat forecasts profit despite war, market slump

Article Abstract:

Jean-Marc Eustache, the chairman and chief executive officer of Transat A.T. Inc., said that he expects the airline will report a profit. Transat, which is a leisure travel and tour packages specialist, reported a $7 million loss in the first quarter.

Executive changes & profiles, Officials and employees, Tour operators, Transat A.T. Inc., Eustache, Jean-Marc

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HSBC?s interest income boosts profit

Article Abstract:

Vancouver, BC-based HSBC Bank Canada, which is led by president and chief executive officer Martin Glynn, reported a 78% rise in second quarter profit. HSBC, which is Canada?s largest foreign bank, reported $73 million in second quarter profit.

Banking industry, HSBC Bank Canada

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