Hollywood actress, Eva Longoria, is visiting London this week to present one of the UK’s most prolific philanthropists with an award for his dedication to charity.John Caudwell, founder of the UK charity Caudwell Children and prominent charity donor, is to be presented with the 2012 ‘Noble Gift Philanthropreneur Award’ at a glittering awards ceremony at ME London on The Strand this week (December 8th 2012).Mr Caudwell, who successfully developed his mobile phone business from nothing to an annual turnover of over £1 billion before selling to private investors in 2006, donates millions each year to support causes close to his heart; including the charity he founded in 2000, Caudwell Children, which provides practical and emotional support for disabled children and their families.The award forms part of The Noble Gift Gala, a unique international fundraising initiative which stages events in Los Angeles, Paris, Toronto, Madrid and London to support charitable causes and recognise the World’s leading philanthropists.Receiving awards alongside Mr Caudwell at the event will be humanitarian, Ella Krasner, Sylvia Young OBE and star of the Black Eyed Peas and BBC TV’s ‘The Voice’, will.i.am.On hearing of his nomination, Mr Caudwell commented: “It’s a true honour to be recognised in this way, especially alongside such respected humanitarians as Ella, Sylvia and Will. The Noble Gift Gala movement is successfully bringing the world of business, charity and celebrity together with a shared interest in helping sections of the global community who are less fortunate than ourselves; which in these times of global austerity is more important than ever.“I feel very fortunate to have the ability to help others and therefore take my role as a philanthropist very seriously, ensuring that I support causes that use my donations in the most effective and efficient way possible.“It is the first time I have heard the term ‘Philanthropreneur’ but I think it sums up my approach to charity perfectly as I utilise the same instincts and expertise in philanthropy as I have always done in my business ventures. I’m looking forward to being a part of this spectacular event and joining like-minded people sharing a common interest in helping others.”John founded Caudwell Children in 2000, since that time the charity has grown to become one of the UK’s leading independent providers of support for disabled children and their families. By covering the charity’s annual administration and management costs through a single personal donation, John Caudwell has provided fellow benefactors transparency and peace of mind that 100% of their donation was being used to directly change children’s lives.The Noble Gift Gala takes place on Saturday December 8th at ME London on The Strand. The evening will be hosted by Spice Girl, Mel B, and entertainment will be provided by Stooshe and magician, Dynamo.Proceeds from the event will be shared between the The Eva Longoria Foundation, Fight for Life and Caudwell Children.For more information about the event visit www.thenoblegiftgala.com.For more information about Caudwell Children visit www.caudwellchildren.com or call 0845 300 1348.
The Boys & Girls Clubs of Santa Monica (BGCSM) is hosting a Celebrity Charity Poker Tournament & party April 24 at the Lexus Santa Monica showroom as part of its 70th Anniversary celebration.More than 200 guests are expected including celebrities, VIPs, trend-setting young professionals and “Silicon Beach” entrepreneurs.Funds raised at this Texas Hold’em celebrity tournament produced by Traci Szymanski will go towards improving and expanding BGCSM’s award-winning programs and services that reach 8,000 children, across 109 zip codes.“Our mission is to inspire and enable all young people, especially those who need us most, to reach their full potential,” says Janis Morse, Director of Development, BGCSM. “We are excited to announce that we have expanded to 11 sites in and around Santa Monica, and are reaching even more underserved youth.”Over 30 celebrities expected to attend including: Karina Smirnoff, Joanna Krupa, Mekhi Phifer, Gilles Marini, Joey Fatone, Tito Ortiz, David Allen Grier, Carl Weathers, Shawn Stockman, AJ Buckley, Shanna Moakler, Golnessa Gharachedaghi and more.In addition to mingling with celebrities, tournament players can win a 6-night stay at the fabulous Hut Pointe Inn on Eleuthera, Bahamas, a stay at La Jolla Beach & Tennis Club with dinner at the award-winning Marine Room, and a 55″ HDTV.DJ doesha will be providing music & guests will have the opportunity to bid on valuable auction items, enjoy cocktails by Venice Beer Company, Ton Benito Tequila and Mangria. Hors d’oeuvres will be provided Santa Monica restaurant TINGA.Red carpet arrival/registration begins at 6:30pm, Poker begins at 8pm sharp at the Lexus Santa Monica showroom, 1501 Santa Monica Blvd, Santa Monica, CA, 90404.Tickets available here.
SAY: The Stuttering Association for the Young will host its 14th Annual Benefit Gala, on Monday, May 2, 2016, to celebrate the courage and achievements of more than 70 million people who stutter, including 5% of all children.SAY Founder Taro Alexander said, “Our Annual Benefit Gala reminds us all that every voice matters. Not some. Not most. But every voice.”The event will recognize individuals who inspire young people who stutter, this year’s honorees are Joe Moglia (SAY: Hero Award) and Evan R. Bell (SAY: Budd Mayer Advocacy Award).“I am honored to be recognized by SAY and to help kids find acceptance and belief in themselves. To everyone that stutters, know that we want to hear your voice,” said Joe Moglia.Honoree Evan R. Bell noted, “I will never forget the first time I watched these brave kids get up on stage 14 years ago. They stole my heart with their courage and joy on their faces, and made me remember my own struggle to find my voice as a child. I have been watching them literally grow up on stage, seeing their emerging confidence and strong camaraderie that has been monumental in their lives.”The evening will be hosted by Oscar and Tony winner Helen Mirren and Tony Award winner and former SAY honoree Kelli O’Hara, and will be directed by Taro Alexander with musical direction by Everett Bradley.Helen Mirren said “I’m thrilled to host this exciting gala with my friend Kelli O’Hara, and am honored to take the stage with the inspiring children of SAY.”Kelli O’Hara added “I have been inspired for 13 years by the work SAY has been doing. As a parent and a person who has benefited from using my voice to express myself all my life, I want to do everything I can to support an organization for kids that honors their self-expression and helps them find their voices.”The evening will be hosted at The Skirball Center for the Performing Arts at NYU. The 6:30PM performance, featuring the young members of SAY along with celebrity friends will be followed by a dinner and live auction. Lauren Ambrose, Prince Amukamara, Lazaro Arbos, Brandon Victor Dixon, Rachel Dratch, Victor Garber, James Naughton, Dr. Alan Rabinowitz, Daphne Rubin-Vega, and Fisher Stevens are also scheduled to attend, with more celebrities to be announced.Gala Co-Chairs include: Evan & Barbara Bell, Bettina & Michael Klein, Fred Nelson, Fred & Maria Ragucci, and TD Ameritrade, and Gala Vice-Chairs include Nancy & Bob Downey, and Camilla & Matt Slauson. To learn more about purchasing Gala tickets & tables, visit: www.SAY.org/Gala.
Usher’s New Look, the non-profit organization founded by Usher Raymond IV, is hosting the inaugural Disruptive Innovation Summit at the new SunTrust Park on July 20th and 21st.UNL’s focus is on transforming the lives of underserved youth by developing passion-driven, global leaders. The event is for people ages 17-24 years old who have an interest in changing the world. The 2-day summit, hosted at the new Braves stadium, will feature speakers such as Usher, Jay Versace, Kate Atwood and other global innovators who will share details on their personal and professional journey.“The Summit is all about growing together – it’s going to be a transformative experience for attendees that will inspire leadership and creativity.” says Usher Raymond IV, Founder of Usher’s New Look. “These future leaders are the ones who are going to change the world for the better and I’m excited that New Look is bringing these change makers together.”The summit will also include networking, breakout activities, performances and the much-anticipated Spark Tank Competition with a $5,000 prize sponsored by GE. This competition allows those attending to pitch their disruptive innovation business or non-profit idea with a chance of receiving funding to make their ideas come to life. Live from the summit floor will be the Dream Market where entrepreneurial attendees can showcase their small business to others.The Disruptive Innovation Summit is made possible with the help of generous sponsors including General Electric, Travelers, Southwest, AT&T, Wells Fargo and Genuine Parts.“We are only as strong as the next generation,” says Russell Stokes, President and CEO of GE Energy Connections. “We are thrilled to partner with New Look on this inaugural event and help fuel the next group of leaders.”For more information regarding Usher’s New Look and to purchase tickets to The Disruptive Innovation Summit please visit their website.
Facebook The Academy of Canadian Cinema & Television announces the finalists for the Golden Screen Award for the most-watched Canadian drama or comedy program and one for the country’s highest-rated reality program. CANADA’S WORST DRIVER | DISCOVERY CHANNEL (Bell Media) (Proper Television Inc.)Lead by returning host and Discovery mainstay Andrew Younghusband, the hilarious-meets-educational Canadian original automotive series follows eight drivers, each nominated by a friend or family member, as they attempt to prove they possess the necessary skills to graduate from rehab and escape the unfortunate title of “Canada’s Worst Driver”. Based on data provided by Numeris, these are the five Top-Rated programs in each category for the 2015-2016 broadcast year. *Golden Screen Award for TV Drama / Comedy Finalists(in alpha order): MURDOCH MYSTERIES | CBC (CBC) (Shaftesbury)Set in Toronto at the dawn of the 20th century during the age of invention, Murdoch Mysteries is a one-hour drama centred on Detective William Murdoch (Yannick Bisson),the methodical and dashing detective who pioneers innovative forensic techniques to solve gruesome murders. “Canadian small screen programming is more entertaining, innovative and edgier than ever before,” said Academy CEO, Beth Janson. “TV audiences have spoken and it is time to officially unveil the finalists for Canada’s most popular shows.” MASTERCHEF CANADA | CTV (Bell Media) (Proper Television Inc.)MASTERCHEF CANADA features esteemed judges Michael Bonacini (O&B restaurant empire), Alvin Leung (Bo Innovation in Hong Kong), and Claudio Aprile (Origin Restaurants), as they guide and mentor a group of competing home cooks through a grueling series of culinary challenges for the chance to win $100,000 and the title of Canada’s next MasterChef. The Golden Screen Award for TV Drama or Comedy and the Golden Screen Award for TV Reality Show are Academy Special Awards, which will be presented during the Canadian Screen Awards on Sunday, March 12, 2017 at 8 pm (9 pm AT; 9:30 pm NT) THE AMAZING RACE CANADA | CTV (Bell Media) (Insight Production Company Ltd.)Hosted by Canadian Screen Award-winner and Olympic Gold Medalist Jon Montgomery, Season 4 of The Amazing Race Canada featured 10 all-Canadian teams, each compromised of two members with a pre-existing relationship, in the biggest race this country has ever seen. The Racers traveled across Canada and beyond, tackling non-stop challenges and adventures, with dating couple Steph and Kristen crossing the final pit stop first, to win the grand prize. * Audience estimates provided by Numeris based on a list of top Canadian television programming (series, limited series and TV movies) provided by the Academy of Canadian Cinema & Television and their broadcast partners. Analysis based on Total Canada, P2+, Average Minute Audience during the period of September 1, 2015 – August 30, 2016, original airings (“live plus 7 days”) with 50% or more of the airings occurring during the 2015-16 broadcast season..About the Academy | www.academy.ca | The Academy of Canadian Cinema & Television is a national, non-profit, professional association dedicated to the promotion, recognition and celebration of exceptional achievements in Canadian film, television and digital media. Unifying industry professionals across Canada, the Academy is a vital force representing all screen-based industries..About Canadian Screen Week and the Canadian Screen AwardsCanadian Screen Week celebrates excellence in media through a multi-platform, national program of events and celebrations culminating in the Canadian Screen Awards Broadcast Gala carried live on CBC, Sunday March 12th, 2017 at 8 pm ((9 pm AT; 9:30 pm NT). Advertisement Advertisement Golden Screen Award for TV Reality Show Finalists(in alpha order): live on CBC from Toronto’s Sony Centre for the Performing Arts. DRAGONS’ DEN | CBC (CBC)Dragons’ Den features five multi-millionaires who have the expertise and the know-how to turn great ideas into incredible fortunes. Each week, fortunate entrepreneurs have the opportunity of a lifetime to pitch their business idea to financiers with the funds and experience to propel their company to commercial success. BIG BROTHER CANADA | GLOBAL (Corus Entertainment) (Insight Production Company Ltd.)In the ultimate social experiment, a group of strangers live together in a house monitored 24-7 by dozens of cameras and microphones. Each week the houseguests compete in a variety of challenges and one by one, the houseguests vote each other out of the house. At the end of the series the last seven evicted houseguests remaining make up ‘the jury’ and they ultimately decide which of the two final houseguests wins the grand prize! MOTIVE | CTV (Bell Media) (Motive Productions IV Inc.)Starring Kristin Lehman, Louis Ferreira, Brendan Penny, and Lauren Holly, Motive’s fourth and final season brought the story of the series’ dynamic homicide team to a powerful conclusion as they continued to explore what drives the motive behind the murder. This season saw each member of the team face pivotal choices about their future, as they set on a course of deciding what they wanted their legacies to be. LEAVE A REPLY Cancel replyLog in to leave a comment Login/Register With: SAVING HOPE | CTV (Bell Media) (Entertainment One and ICF Films)Set 11 months after its explosive third season finale, Season 4 of Saving Hope followed Dr. Alex Reid as she returned from maternity leave to confront new changes and challenges. The special two-hour finale saw Dr. Charlie Harris (Michael Shanks) undergo brain surgery to remove an aggressive tumour, only to be faced with a vengeful former patient with a gun at the Hope Zion Hospital Fellowship Awards, leaving Alex and Charlie’s fate in question. Starring Erica Durance and Michael Shanks. PRIVATE EYES | Global (Corus Entertainment) (Entertainment One)Starring Jason Priestley and Cindy Sampson, Private Eyes is an engaging drama featuring two strong and forever-competing characters investigating, high-stakes cases of the week, taking them to many diverse worlds and testing their new partnership. Advertisement HEARTLAND | CBC (CBC) (Seven24 Films)Season nine of Heartland finds the Bartlett-Fleming clan navigating the new normal as each family member starts an exciting chapter, leaving past hurt and hardships behind. With the idyllic Alberta foothills as their backdrop, this tightknit family knows that any challenge can be met and every struggle can be overcome as long as they have each other. Twitter
Advertisement Sharp, funny and genre-bending, Wynonna Earp was one of the most interesting things on television in 2016. Unfortunately, you might have missed the tale of hard-drinking screw-up Wynonna Earp, who comes back to town just in time to slay some demons – both literal and metaphorical.The series premiered in April 2016 on SyFy and aired on Friday nights, not exactly prime real estate for TV shows. Yet even from humble beginnings (and, let’s be honest, budgets) the little sci-fi Western developed a healthy and obsessive cult following. Known as Earpers, these fans have zero chill and they know a great show when they see one.The premise of Wynonna Earp is anything but simple, yet it’s also wholly original. Black sheep Wynonna Earp is from a line of Earps leading all the way back to great, great, great (add some more greats here) grandaddy Wyatt Earp. She comes back to her hometown of Purgatory for her uncle’s funeral just in time for her 27th birthday, which is the year when the Earp curse officially kicks in..You see, every Earp since Wyatt has been cursed with putting down Revenants, demonic echos of the men Wyatt killed back in the Wild West. Wynonna is very much not a traditional gunslinging hero, but she has to step up to her newfound responsibility. Thankfully she has her brilliant little sister Waverly and help from some new friends along the way..READ MORE LEAVE A REPLY Cancel replyLog in to leave a comment Twitter Login/Register With: Advertisement Facebook
APTN National NewsStudents who attended the Prince Albert Residential School in Saskatchewan are being asked to find their old yearbooks.A genealogist is looking for them and she says they can be helpful when trying to prove attendance at residential schools.APTN National News reporter Delaney Windigo has this story.
APTN National NewsWhile some First Nations in British Columbia fight to keep oil and gas companies away from their land, the Treaty 6 territory is welcoming a new energy alliance that would see industry work alongside their nations.APTN National News reporter Larissa Burnouf has more from Onion Lake Saskatchewan.
APTN National NewsThe man accused of pulling a rifle on the RCMP in the Nunavut community of Igloolik made a very brief court appearance Wednesday in Iqaluit.Shawn Kappianaq, 20, faces 12 charges following an armed standoff in Igloolik where police say he threatened them with a rifle.Kappianaq is scheduled to appear in court again Thursday.
APTN National News OTTAWA–Opposition MPs said Thursday they were worried about the health of Attawapiskat Chief Theresa Spence who is now into her third day of a hunger strike and they called on Prime Minister Stephen Harper to intervene.Spence began her hunger strike Tuesday after a ceremony on Victoria Island which sits in the shadow of Parliament Hill. Spence launched her hunger strike in hopes of forcing a treaty meeting between Prime Minister Stephen Harper, Queen Elizabeth II and First Nations leaders.NDP MP Charlie Angus, whose riding includes Attawapiskat, said during a rally in support of Spence that he was concerned about the chief’s health.“This is a day of darkness, this is a dark time,” said Angus. “I am very, very concerned about Chief Spence’s health. I am very concerned about what is happening here.”Angus said the Harper government created the situation that led Spence to go on a hunger strike. Angus said the government showed little compassion and instead attacked Spence and her band council last fall when the northern Ontario community on the banks of the Attawapiskat River declared a state of emergency over a housing crisis. In a move later criticized as “unreasonable” by the Federal Court, Duncan pulled the band council’s authority over its finances and imposed a third-party manager.“It was dark last December when the people of Attawapiskat were living in tents and (Ottawa) deposed her and they accused her and her council of all kinds of lies and the people in their community held strong,” said Angus. “We shouldn’t be here today, today is a result of a failure of the government to reach out at that moment.”Liberal MP Carolyn Bennett also said she was concerned about Spence’s health and also called on Prime Minister Stephen Harper to visit with the chief who is spending her days in a teepee warmed by a fire.“We are here in solidarity with Chief Spence, we are concerned about her health, we are calling on the prime minister to intervene,” said Bennett. “That is what Chief Spence is asking for, it doesn’t seem too much for him to intervene and listen to what she has to say.”The Prime Minister’s Office did not respond to a request seeking comment on whether Harper even knows Spence is on a hunger strike.Duncan’s office, however, said they had offered to meet with her and were waiting for her to respond.“The minister indicated this week that he was willing to meet with Chief Spence,” said Jason MacDonald, spokesperson for Duncan, in an email. “We look forward to her response.”MacDonald said Duncan’s parliamentary secretary Greg Rickford has also offered to fly up to Attawapiskat.Ellen Gabriel, a leading spokesperson during the 1990 Oka crisis in Kanesatake, said Duncan shouldn’t wait for an invitation, but go out of “compassion” and visit Spence.“It would not take much effort and much gas for minister Duncan to get in a car and go and talk to Theresa Spence. It should not be about a formal letter coming,” said Gabriel. “As a human being, he should have the compassion and the concern for what is happening.”Duncan was in Ottawa Thursday.
APTN National NewsDozens of families stood on the steps of parliament hill to talk about loved ones who have gone missing or have been murdered.They were joined by aboriginal leaders and politicians for a sisters in spirit vigil.Here’s APTN’s Annette Francis in Ottawa with this story.
APTN National NewsSuspended Sen. Patrick Brazeau may soon have a new job.This time covering stories for Frank Magazine on parliament hill.The freelance hopeful applied for media accreditation to become a parliamentary correspondent.
APTN National NewsSome feathers have been ruffled in Saskatchewan after the interim chief of the Federation of Saskatchewan Indian Nations received a headdress from her community.APTN’s Larissa Burnouf has more on this story.
APTN National NewsThousands of Indigenous children were removed from their homes between the 1960s and 1980s in what is known as the 60s Scoop.Some were adopted by families around the world. Orlando Alexis is one of those children.APTN’s Chris Stewart has the story of how he found his way home.
Delaney WindigoAPTN National NewsRenowned Indigenous architect Douglas Cardinal says he was disappointed with Monday’s court ruling that dismissed his request for an injunction to stop Cleveland’s baseball team from using its name and logo in Ontario.“I am deeply disappointed in the court’s ruling, however, today was a victory in that at a national — and even international — level,” Cardinal said in a statement.Just hours before the first pitch in game 3 of the American League championship series between Cleveland and the Toronto Blue Jays, Justice Thomas McEwan dismissed the legal challenge. McEwan did not give a reason but said he would later in a written statement.Cardinal launched the legal action against Rogers Communications and Major League Baseball.See related stories: ClevelandCardinal also filed a human rights complaint with the Ontario and Canadian human rights commissions.In a courtroom packed with lawyers for Rogers Communications and Major League baseball, Cardinal argued the team name and logo, which includes the depiction of an Indigenous caricature called Chief Wahoo, is racist.“You could not call a team the New York Jews. Why is it OK to call a team the Cleveland Indians,” Cardinal’s lawyer Monique Jilesen said in court.Cardinal was asking for a ban on commentators from using the name and a ban on the broadcast of the logo. Despite the looming opening pitch time, lawyers for Cardinal believed this was achievable.Lawyers for Rogers Communications, the owners of the Toronto Blue Jays, broadcaster Sportsnet and the stadium where the team plays, questioned the timing of the court proceedings, arguing Toronto has been playing Cleveland since the 1970s.Those lawyers also argued that Cardinal has referred to himself as an Indian in the past. They also argued that Cardinal is currently in China, nowhere near Rogers Communications broadcast area.Just last week Blue Jays broadcaster and Sportsnet employee Jerry Howarth made media headlines when he said he hasn’t used Cleveland’s team name in almost 25 years, after receiving a letter from a fan.Cardinal’s lawyer Michael Swinwood told reporters later this was just the start and his client will proceed with his human rights complaint.Cardinal is a world-renowned architect whose buildings include the Canadian Museum of History (formerly the Museum of Civilization) in Gatineau, Que., and the National Museum of the American Indian in Washington, D.C.His advocacy also includes an effort to stop a development near Victoria Island on the outskirts of downtown Ottawa.A number of U.S. media outlets posted stories about the injunction request including the New York Times and ESPN.email@example.com firstname.lastname@example.org— with files from the Canadian Press
Larissa BurnoufAPTN National NewsA First Nations basketball phenomenon ranked number one in Canada for three on three hoops is hoping the 2020 summer Olympic games will be golden.Michael Linklater has won a number of national titles and trophies when he played for the University of Saskatchewan Huskies – and he was the first, First Nation player ever to hoist the University championship trophy.The game Linklater is playing right now is three on three – a game that will be featured at the next summer games.“I think it’s every athlete’s dream to play in the Olympics representing their country,” said Linklater. “And since I was a child it was something that I wanted to do. But growing up and playing five on five it’s a little more difficult to crack that roster – and for this to be a possibility for three on three that we’ve been so successful at you know it really gives us a glimmer of hope.”email@example.com
APTN National NewsA coalition of Indigenous families wrote Prime Minister Justin Trudeau Tuesday demanding there be a “hard reset” of the MMIWG national inquiry.They also asked that the remaining commissioners resign. “It is time for your government to listen to families, communities, and grassroots advocates, and Indigenous leaders and to call for the resignations of the Commissioners and a reset to the Inquiry and to set this work on a path to ending colonial violence,” the families wrote.The families said a meeting with Indigenous Affairs Minister Carolyn Bennett where they expressed concerns that families were being ignored didn’t go well.“Prime Minister Trudeau, we are asking you today to give us back our Inquiry. We have met with Minister Bennett and she has refused to listen clearly to what families are saying,” the letter states. “Instead, she has been relying on minor tweaks and small changes to a deeply-flawed process.”The Trudeau government called the inquiry after taking power in late 2015 that is supposed to address why so many Indigenous women and girls have been murdered or gone missing in the last three decades.An RCMP review of police files across Canada from 1980 to 2012 found over 1,100 Indigenous women had been murdered or were still missing. That number has only grown since.But the inquiry has faced multiple delays and criticism from First Nations leaders, families and advocates over the inquiry’s scope, lack of communication and multiple staff leaving since five commissioners were appointed last summer.That includes former commissioner Marilyn Poitras who stepped down this summer questioning the inquiry’s structure.“To meet its mandate, the inquiry must now undergo a hard reset and the current commissioners must respectfully resign to create space for families and communities to heal from the colonial approach that was adopted and instituted,” the families said to Trudeau. “We need to reset this inquiry and build it up – in a good way – from the communities directly affected by continued violence against Indigenous women and girls.”
TORONTO – The court-appointed monitor for Sears Canada is warning that its available funds are running low and there may not be enough time to reach an acceptable deal with a buyer group headed by its executive chairman, Brandon Stranzl.In its third report to Ontario Superior Court, the monitor says Sears Canada is losing money on a weekly basis but will have enough liquidity to fund operations to Nov. 7 — subject to agreement of its restructuring lenders.It says the Stranzl group’s initial proposal to buy the business as a going concern would provide unsecured creditors with less than would sales of the Sears Canada assets piece by piece and liquidation of its remaining inventory.The report, dated Oct. 2, says a lawyer for the Stranzl group has indicated that a revised proposal will be submitted.It also says an extension of court protection until Nov. 7 would provide Sears Canada with more time to decide which major steps to take. The current court protection ends Wednesday.“The Stranzl Group Proposal as currently presented may not be executable within the timeline and liquidity available to (Sears Canada),” the report says.The monitor supports the company’s request for permission to sell some business assets — notably the Corbeil franchise chain, the SLH Transport operation and the Viking appliance brand.“The transactions for which the Applicants seek approval at this time are the highest and best offers obtained for each of the subject assets. The monitor supports the Applicants requests for approval of these transactions,” the report says.It said that Sears Canada isn’t yet asking for permission to begin a second round of store inventory liquidations, as announced last week, but added that it expects the company would return to the court “in the coming days” if a “going-concern” transaction can no longer be pursued.“The monitor, the applicants and their advisors are cognisant of the fact that liquidation sales in the retail industry yield better results if they are completed before and during the lead up to the December holiday season, which also impacts recovery to stakeholders,” the report says.
BAGHDAD – Iraq says it will start receiving bids next June for projects to develop nine oil and gas fields in an attempt by the war-ravaged nation to boost energy revenues.Abdul-Mahdi al-Ameedi, who heads the Oil Ministry’s Licensing and Petroleum Contracts Department, said on Monday that detailed energy information on the nine areas in question will be disclosed at the end of this month.Al-Ameedi says companies that bid on the projects will for the first time be able to take part in the drawing up of the contract, as an incentive for the bidders.He says five of the nine fields or blocs as they are called are shared with Iran, three with Kuwait and one is located in the Persian Gulf.Iraq has the world’s fourth largest oil reserves.
MONTREAL – Transat A.T. plans to spend $750 million over the coming years to develop a hotel chain in Mexico and the Caribbean that it hopes will help to put it in a better position to face heightened competition from Canadian rivals.Co-founder and CEO Jean-Marc Eustache plans to devote the next 18 to 24 months until he retires to begin developing the chain of hotels while his heir, Annick Guerard, runs the company as chief operating officer.“It’s our main goal for the development of Transat,” he said Thursday during a conference call about its 2017 results.Eustache said a president for the hotel division will be hired within weeks to put the plan in action before he “disappears” after retiring and leaving his position as chairman.Transat (TSX:TRZ) plans to purchase and refurbish one hotel and a piece of land this year as it looks to build a network of 5,000 rooms, 60 per cent of which it will own and manage, over the next five to seven years.In October, Transat sold its 35 per cent stake in its Ocean Hotels joint venture for $186 million. The company also signed a deal last month to sell its Jonview Canada subsidiary to a Japanese company for $44 million.Transat said the hotel development and steps it has taken over the last three years to stem losses will enhance its ability to defend its turf against Air Canada Rouge, WestJet Vacations and Sunwing.The Montreal-based company has simplified its fleet to give it more flexibility, improved its digital footprint, augmented the amount of trips it sells directly and improved revenue management.“I think we are better armed to face any of those actions coming from our competitors in the future,” chief financial officer Denis Petrin added.Transat beat expectations as the travel company’s fourth-quarter net income surged due to a strong transatlantic summer season and the sale of its stake in Oceans Hotels.The company earned $148.1 million or $4 per share, up from $34.9 million or 95 cents per share a year ago.Revenues for the three months ended Oct. 31 grew 14.1 per cent to $698.6 million, helped by an 8.7 per cent increase in the number of transatlantic customers.Excluding one-time items, Transat says its adjusted profits doubled to $46.4 million or $1.24 per share.Transat was expected to earn $1.11 in adjusted profits on $662.6 million in revenues, according to analysts polled by Thomson Reuters.Analyst Cameron Doerksen of National Bank Financial said the results were strong, but he anticipates the company will face competitive pressure over the long term, noting that the hotel development will take several years to roll out.The results included a $2 million to $3 million hit in the quarter from hurricanes that disrupted travel to several Caribbean islands.Petrin said Transat doesn’t expect the storms, which hit 40 per cent of Cuba as well as other islands, will have a significant impact on the winter travel season.For the full year, Transat’s net earnings attributable to shareholders was $134.3 million on $3 billion of revenues, which compared with a $41.7 million loss on $3.89 billion of revenue last year.