New worries beset Eaton's struggle for survival

Article Abstract:

T. Eaton Co. Ltd., a department store chain headquartered in Toronto, Ontario, is expected to be adversely affected by the decline in the economy of Canada. The retailer has also expressed concern regarding its ability to complete its efforts at revitalizing the Eaton corporate image. The firm, however, has managed to remain optimistic about its financial standing and has reaffirmed its belief in its capability to continue with its proposed programs, according to Harp Stephen, chief financial officer of the retail firm.

Comment:

Is expected to be adversely affected by the decline in the economy of Canada

Strategy & planning, Ontario, Article

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Eaton's wins $4-million tax ruling

Article Abstract:

T Eaton Company Ltd has been awarded $4-mil in tax rulings by the Federal Court Appeal in relation to its decision to surrender its profit-sharing rights with Oshawa Mall. The company waived its right to receive 20% of the annual profit of Oshawa Shopping Center when the mall's owner, Campeau Corp, offered a lump-sum of $9.25 mil in 1985. T. Eaton has since fought the federal government over a tax assessment related with the Oshawa deal.

Canada, Legal issues & crime

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