Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 15, 1997, Winnipeg, Manitoba Winnipeg Prat july f regulator lobbied for Batons ctr Deal byword Mentesh Ottawa its shaping up to be a slam Dunk for Baton Broad casting to win regulatory approval of a series of sales and swaps that ultimately will Lead to the takeover of the ctr the Federal broadcast regulator starts at least two Days of hearings today to either approve or reject a restructuring that could dramatically alter broadcasting in Canadian radio television and telecommunications officials say they have received More than letters from citizens and in sup port of Batons supporters Range from the City of Windsor to the directors Guild of even the friends of Canad an a group often wary of concentrated Media is offering qualified support because control by Baton Means a Way out of years of bickering among shareholders of cooperatively owned a leading dissenter is can West glob Al communications but the Winnipeg based broadcaster is actually objecting to the crts process in handling Batons Applina not the proposal Glenn Vic president of Legal and regulatory affairs for can West said his company wants the crts to spell out policy for to licensing and ownership in the future before it approves the Elizabeth president of the Canadian film and television production said Batons plans Are Good for the Public and production Industry what this does is give stable leadership for ctr and 1 think that is she 1 dont think there Are a lot of people out there who Are saying this is a bad said Jim a spokesman for the friends of Canad an Baton wants to buy the broadcasting assets of electro Home of Kitchen a fellow ctr and then watch world critics get together Washington a the world Bank and some of its harshest critics got together yesterday to examine whether the economic Medicine the lend ing organization prescribes for poor countries helps or hurts the seven governments and a coalition of More than 500 citizens groups will try in the 18month Pilot project to identify what works and what Doest so leaders of developing nations can do a better Job of improving living standards in their ism to design Alberta system Edmonton Alberta government has chosen ism to design a multimillion Dollar system that will eventually put All albertan health records on once its the province expects to spend up to million on the system Over five Tom nose chairman of the governments advisory committee on the said great pains will be taken to protect Deal lockout Over up a seven Day lockout ended sunday after members of the Canadian Auto workers Union voted to accept a new three year contract with bus manufacturer Prevost the contract with Prevost which is 51 per cent owned by the swedish company was ratified by per cent of the shop workers and per cent of the office the Deal affects Prevost the second largest tour bus manufacturer in North said in a statement it was delighted with the result of the Union pulp Mill strike starts quietly Vancouver were quiet outside the Gates of Fletcher Challenge Canadas Crofton pulp Mill the first Day of whats expected to be a Long things Are fairly Calm on the Garry pres ident of the paper and woodworkers of said from the Vancouver Island Union members Cooper ated in the Complex Job of shutting Down production lines Over the weekend and Plant managers were being allowed into the idled Mills without he Raythelon Sheds appliances times Raythelon said yesterday it has agreed to sell parts of its appliance business for million to Good Mart holding a maker of furnaces and the transaction will take Raythelon out of the consumer appliance on which it was the proceeds will help pay for two recent purchases of military con the sector on which the company now Central Bank Selling fears seem to have taken Over Auto parts makers face Tough competitive slog Canadian press Toronto Canadian Auto parts producers face a Tough competitive slog in North Amer Ica Over the next few but also vast opportunities if there prepared to go a study of the Industry the vehicle Market in North America will grow Assembly plants will be shut Down because of overcapacity and foreign parts manufacturers Are moving into Canada and the says the study pre pared by the automotive parts manufacturers association and Industry Canadian parts How have better Access than some competitors to Chile and Mexico because of Trade agree and should be Able to take advantage of growth in markets like Brazil and they also have great Poten tial to do More business with japanese automakers in North these and other changes rip continued from b4 what you do is you go through the fundamentals and look at the Supply and demand and the demand still looks pretty demand seems to be growing faster than new mine but she adds that fears about Central Bank seem to have taken Over the i cant Tell you when the psychology is going to change and when the Price is going to turn but at think there is less reason for Central Bankers or companies to i would think that the Price will come nearly a Quarter of her fund is invested in Gold company stocks for Pratt int planning on decreasing that i but i guess i feel that we Are closer to a Bot Over the next 12 to 18 the Stock prices we Are seeing today will appear like but other fund managers and analysts say a recovery May be months the Price of Gold might not fall that much further this but its hard to envision a significant said Richard publisher of the fund a Toronto based Mutual fund i think Canadian Gold stocks Are ridiculously said Scott pen senior Vic president of equities at Mutual fund giant investors group in for Penman compared Denver based Newmont Gold with Barrick Gold of the companies Are similar in size and product he but Barricks Market capitalization is about 40 per cent higher than it raises every automotive except Imse from Fob More caj4or visit Lone Star motors 854 Nairn 6672467 inc a own or equivalent plus Puy Niem lepus ii required i optional buyout or pling through the Industry rep resent growth opportunities for Canadian suppliers that can the report those suppliers that Are unable to respond will be lose business or go out of it the amount of Money that automakers Are spending out Side North America provides Strong evidence there Are much greater growth opportunities for parts makers the report the authors totalled up investments announced around the world and found that of the billion to be spent on new plants or just billion is scheduled for North the Lions share is slated for such developing markets As China and that Why the Beck electric division of Noma industries has signed agreements in the past eight months with partners to Start Selling wire harnesses to automakers in China and Eastern Brazil and Argentina Are next on the Shlomo Beck electrics said suppliers must go global and have million in sales Annu ally to said one of 24 senior executives interviewed for the six month his company is getting he with about million in a Small part of which is for consumer Down the Brenner smaller Canadian suppliers have if they dont they might be bought by somebody else or they might be out of another key Issue is where suppliers will fit in the Chain As so called systems integrators delivering Complete systems such As Interior components and brakes to an automaker or a Tierone or As companies supplying other parts Trade some 6f Batons to stations in Ontario for to operations in Atlantie Canada belonging to still another ctr chum of Baton would also take the ctr shares attached to both companies electro Home and Baton jointly own a new to station in and other joint electro Home wants to Transfer to Baton its half of c1tv and half of two other joint Ven Baton wants electro Homes to station in Edmonton As Well As electro Homes per cent interest in ctr Oil Sands Developer mired in debt Canadian press clinical trials of new aids drug to Start in Winnipeg Winnipeg biotechnology company genesys pharma received approval from Cana Das health Protection Branch yesterday to conduct phase i clinical trials for a new drug that will be used in the treat ment of the is part of a new category of called that introduces genetic material that inhibits the production of targeted Dis ease causing phase i the first time a drug is tested on will be conducted in Winnipeg and Are expected to commence at the end of Fred professor of medical Micro Biolo pharmacology and therapeutics at the University of is heading up the Clin ical i believe that the significance of gpi2a lies in the fact that it blocks his replication in a Way that is unique and differ ent from the mechanisms of currently available Aoki Fiort new h Mexico based solve took action yesterday to protect itself from its Canadian solve filed for a petition under the companies creditors arrangement liens totalling close to million us have been filed against the that includes million us on the experimental Oil Sands recovery site located approximately 70 Kilometres North of fort Mcmurray in Northeast Ern additional unsecured claims total close to million the experimental Oil Sands develop with a head office in acknowledged it might also seek bankruptcy Protection if two months the company unveiled plans for an barrel per Day commercial Oil Sands Plant costing nearly million financing for the venture has not been Plant operations Are being sufficiently reduced until financing can be the firm said in a the company Hopes the proceedings would provide sufficient time to secure a partner to Complete the Plant while actions by creditors Are the company blames its woes on a number of including expenditures on Plant modifications and limited operations with the expectation that additional financing would be in the annual meeting of Templeton growth july pm Manitoba Centennial concert Hall simulcast live from Toronto and Vancouver come and listen As three of the worlds investment leaders speak on global special to Winnipeg 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