Getty Loses Bid for More Investor Payback in Principal Case
Premier Don Getty failed to win caucus support for a sweeter compensation plan for investors in Principal Group companies. The province announced a 15 to 18 cent payout per dollar lost, totaling about 75 cents on the dollar, with most elderly investors likely accepting. Investors at a Leduc meeting weighed the seven year litigation risk against the government offer, while others in Atlantic Canada pressed for higher restitution.
MENTIONED IN THIS ARTICLE
Edmonton
Don Getty
Bob White
Leduc
Alta
Getty
Ken Pennifold
Principal Investors Protection Association
Pennifold
White
Mike Karbonic
Maritime Provinces
Newfoundland
Gainers plant in Edmonton faces possible closure debate
Government officials insist a master agreement with Peter Pocklington bars the Edmonton plant closure and a $67 million aid package stance. If Pocklington defaults the province could seize assets. Elzinga and Johnston outline options including upgrading or building a new facility amid union skepticism.
MENTIONED IN THIS ARTICLE
Edmonton
Peter Pocklington
Gainers
Dick Johnston
Pocklington
Johnston
Peter Elzinga
Ernie Isley
Isley
Saskatchewan
Edmonton Oilers
Elzinga
Larry Shaben
Alberta
Picture Butte
Gainers Corporation
John Ewasin
United Food and Commercial Workers Union Local
Abortion Jurisdiction Split as Provinces Weigh Federal Case
Ottawa faces a Supreme Court challenge over abortion rights with the Chan tal Daigle case. Quebec backs a possible Civil Code route while most provinces refuse involvement to avoid a patchwork of laws. Justice ministers weigh federal versus provincial authority and timing.
MENTIONED IN THIS ARTICLE
Ottawa
Chantal Daigle
Supreme Court of Cana
Daigle
Quebec Court of Appeal
Quebec
Gil Remillard
Remillard
Quebec City
Bob Andrew
Supreme Court
Bank Rate Rises Despite Falling U S Rates
Ottawa Bank of Canada kept its trend-setting rate at 12.40 percent rising from 12.36 as John Crow faces inflation. Crow says inflation not tamed though some price pressures may ease. Economists predict no major rate cut for at least a month or two citing a sluggish economy.
MENTIONED IN THIS ARTICLE
Ottawa
U.S
Bank of Canada
John Crow
Crow
John Clinkard
Canadian Imperial Bank of Commerce
White House welcomes delay in hostage crisis in Lebanon
President Bush pursued diplomacy while planning military action as terrorists extended the deadline for hostage Joseph James Cicippio. A video was released in which Cicippio pleads with Israel to release Sheik Abdul Karim Obeid. The 6th Fleet in the Mediterranean conducted routine operations amid the standoff.
MENTIONED IN THIS ARTICLE
Washington
White House
Lebanon
U.S
George Bush
Marlin Fitzwater
Bush
Joseph James Cicippio
Pentagon
6Th Fleet
Mediterranean
Mel Sunden
Cicippio
Israel
Beirut
Sheik Abdul Karim Obeid
Obeid
Severe Alberta Storm Pounds Central Region With Hail
A powerful storm swept central Alberta causing highway washouts, basements flooding, and widespread crop damage. Hail the size of golf balls ruined oats and hay on 160 hectares near Edmonton as winds up to 100 kmh knocked down trees and power lines. Environment Canada warned of rising rivers and 150 to 175 mm of rainfall in Whitecourt and surrounding areas.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
Anne
Ron Lawrence
Pigeon Lake
Mulhurst
Environment Canada
Whitecourt
Alta
Also Mentioned on This Page
OUR
Thomas Cicippio
Joseph Cicippio
Norristown
Feds
University of Guelph
Onf
The
Agricultural University
Sulil
Chippio
Elham
Sylvia Krikun
Mayerthorpe
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