Related-party deals raise red flags

Article Abstract:

Loblaw Cos. Ltd. hit a deal on August 2004 known as the related-party transactions to lease a crumbling art-deco warehouse near Toronto's waterfront for a future grocery store. In the event of the outrageously lucrative executive side deals at Enron Corp., Adelphia Communications Corp., Hollinger International Inc. and Royal Group Technologies Ltd., investors, directors and auditors have asked to stop the related-party transactions.

Canada, Food Stores, Food and Beverage Stores, Contracts & orders received, Grocery Stores, Supermarkets and Other Grocery (except Convenience) Stores, FOOD AND KINDRED PRODUCTS, Contracts & orders let, Food industry, Grocery industry, Contracts, Contract agreement, Loblaw Companies Ltd., Food and beverage production/distribution software

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U.S. court tightens screws on Conrad Black's finances

Article Abstract:

A United States court has ordered further restrictions on Conrad Black's finances after he was arrested for embezzling over $80 million from his company Hollinger International Inc.

United States, Legal issues & crime, Newspapers, Personal Financial Mgmt, Executive changes & profiles, Private Households, Legal/Government Regulation, Consumer Assets & Liabilities, Officials and employees, Company legal issue, Cases, Personal finance, Newspaper publishing, Hollinger International Inc., HLR, Embezzlement, Black, Conrad

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