Tuesday, February 20, 2007

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Magna Entertainment takes US$59.7M writedown on Austrian racetrack
TORONTO (CP) - Magna Entertainment Corp. TSX:MEC.A) is taking a US$59.7-million after-tax writedown on Magna Racino, its racetrack near Vienna, Austria. The horse-track company in Frank Stronach's Magna International (TSX:MG.A) corporate stable said Monday that it "has made significant str...
at 18:54 on February 19, 2007, EST.

Airbus postpones restructuring announcement due to internal debate
PARIS (AP) - Airbus said Monday that its long-awaited restructuring plan, designed to make up for costly production setbacks, has itself been delayed. The European aircraft maker called off a works council meeting and news conference at which the "Power8" turnaround strategy was to have be...
at 18:07 on February 19, 2007, EST.

Shares in Iamgold up 5% as miner hikes reserves at Rosebel, resolves strike
TORONTO (CP) - Iamgold Corp. (TSX:IMG) hiked gold reserve estimates for its Rosebel mine in Suriname and announced the end of an illegal strike Monday - two moves that the mining company said demonstrate its operational abilities and sent its stock up more than five per cent. Iamgold, whic...
at 18:05 on February 19, 2007, EST.

Former N.B. premier Lord joins national law firm McCarthy Tetrault
FREDERICTON (CP) - Former New Brunswick premier Bernard Lord says he is bringing experience, expertise and a wide range of business and political contacts to his new job with national law firm McCarthy Tetrault. The 700-lawyer firm announced Monday that Lord, premier from 1999 to 2006, has...
at 17:35 on February 19, 2007, EST.

Snowmobile makers struggle to adapt to wimpy winters as global warming advances
MINNEAPOLIS (AP) - Here is an ironclad rule for selling snowmobiles: You need snow. Warmer weather and thin snowfalls since the late 1990s have melted sales at Polaris Industries Inc. and Arctic Cat Inc., the only two U.S. snowmobile makers. After one more wimpy winter in a long string of ...
at 17:09 on February 19, 2007, EST.

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