Loewen to cut costs, prices to protect market share

Article Abstract:

Loewen Group Inc. will adjourn acquisition efforts and reduce costs and prices in an effort to stop unprofitability and protect its share in the North American funeral market, where it holds a 5% share. The firm financial advisers are also evaluating other options, including a possible divestiture of some of the company's assets or the entire company itself, after it posted a loss of $32.4 million, or $0.47 per share, in the third quarter ending September 30, 1998, exceeding loss expectations. Aside from cost-cutting initiatives that include trimming the company's general and administration expenses by around C$20 million in 1999, Loewen will focus on existing operations, primarily in the US, instead of spending approximately C$500 million per year that it usually invests on acquisitions.

Comment:

Will adjourn acquisition efforts and cut costs & prices to stop unprofitability and protect its share in the N Amer funeral mkt

Strategy & planning, Funeral Homes and Funeral Services, Funeral Services, Funeral industry, Loewen Group Inc., Article

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Beetle blight spurs timber cut windfall: But B.C. industry already going flat out

Article Abstract:

The amount of timber is expected to increase by the British Columbia that can be cut in the Prince George region in an attempt to control a massive beetle infestation, which is threatening to wipe out 80 per cent of the province's future mature Lodgepole pine trees. It is reported that a price tag of $18-billion on the potential value of wood was put that had been infested by the mountain pine beetle.

Influence, Beetles, Timber, Agricultural pests

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Forestry executive gives UBC huge gift

Article Abstract:

The University of British Columbia has received a 20 million Canadian dollar donation from William Sauder, a forestry entrepreneur. The donation is said to be the largest single donation ever given to a Canadian business school by a private party.

Colleges & Universities, Colleges, Universities, and Professional Schools, Colleges and universities, Business and Secretarial Schools, Business & Secretarial Schools, Universities and colleges, Donations, Business schools, University of British Columbia, Sauder, William

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