Friday, June 1, 2012

Reuters: Mergers News: PRESS DIGEST - Canada - June 1

Reuters: Mergers News
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PRESS DIGEST - Canada - June 1
Jun 1st 2012, 10:35

June 1 | Fri Jun 1, 2012 6:35am EDT

June 1 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

- Canada is withdrawing from the United Nations World Tourism Office, a move it said was formalized this week over the agency's recognition of Zimbabwean leader Robert Mugabe.

- British oil giant BP Plc says it could unload 50 percent share of TNK-BP in a move that could fetch at least $15 billion.

- Canadian plane-crash investigators have been called in by the National Transportation Safety Board and the Federal Aviation Administration - the two main U.S. air-safety agencies - after a fatal mid-air collision this week near Washington, D.C., that, bizarrely, involved pilots from the NTSB and the FAA themselves.

- Finance Minister Jim Flaherty says Research In Motion is an important company for Canada but suggests it won't get a bailout from the federal government.

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