Loewen invokes NAFTA clause

Article Abstract:

Loewen Group Inc., the Canadian funeral firm, is invoking a NAFTA provision that allows firms to recover losses incurred through the actions of state or provincial governments. The company is alleging that a jury verdict in a Mississippi court that resulted in a $500-million award in 1995 to the O'Keefe family against the company, was grossly unfair and was responsible for the downfall of the company. Loewen's petition will be heard by the Washington DC-based International Centre for Settlement of Investment Disputes, a unit of the World Bank.

Comment:

Is invoking a NAFTA provision that allows firms to recover losses incurred through state or provincial governments' actions

International economic relations, Funeral Homes and Funeral Services, Funeral Services, Funeral industry, Loewen Group Inc., Article

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BCE's partly owned SkyView cuts back multiculture TV, radio

Article Abstract:

SkyView World Media LLC cut five television channels from its roster and two of its four radio services as part of a reorganization. The move eliminates SkyView's Polish, Filipino, Ukrainian and Italian programming. SkyView's parent, Fort Lee, NJ-based SkyView Media Group Inc, is 30% owned by BCE Media, the satellite broadcasting arm of Montreal, Canada-based BCE Inc. The cuts come at a time when BCE Media is eyeing regulatory approval to introduce SkyView's foreign-language programming in Canada.

Television Broadcasting, Services information, SkyView World Media LLC

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Alcan says it faces challenging year

Article Abstract:

Alcan Aluminium Ltd of Montreal, Quebec, reported a profit of C$399 million, or C$1.71 per share, on revenue of C$8.02 billion in 1998, down from C$485 million, or C$2.09 per share, on C$7.86 billion in 1997. The company said that depressed metal prices, rising inventories and worries about South American economies contributed to the profit decline. The prices of aluminum has declined by 20% while demand dropped by 1.1% in 1998 amidst a glut in supply.

Sales, profits & dividends, Aluminum, Primary Aluminum Production, Aluminum industry, Aluminum products, Alcan Aluminium Ltd.

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