Onex tornado tears through airlines

Article Abstract:

Onex Corp has launched an unsolicited bid to acquire and merge Air Canada and Canadian Airlines International Ltd in a C$1.8 billion deal. The merger proposal called "Project Tornado" would enable Onex Corp to generate huge profits by leading the restructuring of the Canadian airline industry, ensure the continued operation of financially troubled Canadian Airlines and give AMR Corp subsidiary American Airlines a stake in the new airline. However, the hostile bid also elicited negative responses including allegations of insider trading and Onex Corp's use of Liberal Party contacts to win government support.

Scheduled Airlines, Scheduled Air Transportation, Airlines, Air Canada, Canadian Airlines International Ltd.

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Fairfax to buy into brokerage

Article Abstract:

Fairfax Financial Holdings Ltd., based in Toronto, Ontario, is planning to obtain a 45-percent stake in The Hub Group, a newly-merged insurance brokerage conglomerate, by spending C$45 million. Hub Group, which is being created by 13 brokerages, mostly from Ontario, is planning to become publicly-traded and Fairfax hopes to maintain 45% of the new entity after the IPO. Among the companies falling under the Hub Group name are Gulliver Insurance Brokers Ltd., Knox Vicars McLean Ltd., Mitchell McConnell Insurance Ltd., and Ezzard-Ebberts Commercial Insurance Brokers.

Comment:

Is planning to obtain 45-percent stake in The Hub Group, a newly-merged insurance brokerage conglomerate, by spending C$45 mil

Securities Brokerage, Stockbrokers, Fairfax Financial Holdings Ltd., Article, Hub Group

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Candadians spend big on travel overseas and to U.S

Article Abstract:

The trends in travel and tourism of canadians shows that they spend on travelling extensively. The international travel deficit is estimated to $1.2 billion.

Forecasts, trends, outlooks, HOTELS AND OTHER LODGING PLACES, Tourist Travel, Economic aspects, Forecasts and trends, Market trend/market analysis, Travel industry, Tourism

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