Archive for October 19th, 2007
Safety recalls becoming rampant part 2
19 October 2007Two months have passed since the original news (“Safety recalls becoming rampant“, August 16-07), and tens of thousands of North American families will have administered cold and allergy medicine to their infants in the interim, but a Federal Drug Administration panel has finally spoken: no cold medicines for childred under the age of 6.
After 30 [...]
Richard Scott leads Tarheel tourney after day 2
19 October 2007This news just in: one of Wellington Financial’s two Canadian golf professionals, Richard Scott, is leading the Tarheel Tour Championship at Walnut Creek Country Club in Goldsboro, North Carolina. Richard shot a 63 on day one, and followed up yesterday with 16 pars and two birdies to stay ahead by one stroke after [...]
Digital ‘Tune Tax’ – What are they thinking??
19 October 2007News out today that the Copyright Board of Canada has agreed to implement a new levy on legitimately downloaded music files – about 3 cents per song individually or 1.5 cents per song sold as part of a bundle / album. (See Copyright Board Decision)
More shocking is the fact that the decision is retroactive [...]
The debt casino is open again
19 October 2007It appears that I’ve had my head down this week, or at least I haven’t been as au courant as normal. The news that Allison Transmission has sold US$550 million of PIK-toggle bonds can only be translated to mean that “THE CASINO IS OPEN AGAIN”.
Here’s what happened. The Onex-backed LBO Allison Transmission sold [...]