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CoolBrands Announces Year-End Results |
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Tuesday, 26 October 2010 10:48 |
TORONTO — CoolBrands International Inc., which recently sold its booming ice-cream business, announced its financial results for the fiscal year ended Aug. 31, 2010.
For fiscal 2010, CoolBrands reported net income of $459,000, or $0.01 per fully diluted share, compared to net income of $2,002,000, or $0.03 per fully diluted share in the prior year. The fiscal 2009 income included a gain on foreign exchange of $1,888,000.
Net income in the fourth quarter of fiscal 2010 was $1,634,000, or $0.03 per fully diluted share, compared to net income of $29,000, or $0.00 per fully diluted share in the fourth quarter of fiscal 2009. Income in the fourth quarter of fiscal 2010 was comprised from continuing operations of $1,219,000 and income from discontinued operations of $415,000. Included in the fiscal 2010 fourth-quarter income from continuing operations is a gain of $1,035,000 on the sale of the company's property in New Jersey.
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Westin Trillium Named a Top Canadian Resort |
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Monday, 25 October 2010 12:00 |
BLUE MOUNTAIN, Ont. — The Westin Trillium House, Blue Mountain has been named one of Canada’s top resorts by the readers of Condé Nast Traveler as part of the 2010 Readers’ Choice Awards.
This is the first time The Trillium House — which features a spa, gym, summer and winter activities and an Oliver & Bonacini Bar/Lounge and Café Grill — has made the list, placing 14th on the ranking of top resorts in Canada. This annual ranking is chosen by readers of Traveler and derived from the Condé Nast Traveler Readers' Choice survey; it will appear in the November issue.
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Gourmet Food and Wine Expo Preview |
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Written by J.D. Ney
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Friday, 22 October 2010 11:40 |
TORONTO — Journalists and food and wine industry insiders gathered last night, Oct. 21, at Toronto’s Ruby Watchco, for the official media launch of this year’s Gourmet Food and Wine Expo.
Hosted by the Food Network’s Kevin Brauch, guests were treated to a delectable selection of nibbles from Ruby Watchco chef, Lora Kirk — like seared pork belly with pear purée, squash soup and glazed pickerel — and a sneak peak at a few InterVin international wine award, gold medal winners. Standouts included Coldhills 2008 Pinot Noir from Australia, Spy 2009 Sauvignon Blanc from New Zealand and Ontario’s own Norman Hardie, 2008 County Pinot Noir — the maker of which, Hardie himself, was on hand to talk wine and gastronomy with eager guests.
The full list of winners will be featured prominently at the Expo, and will also be announced in an upcoming issue of Vines magazine.
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Ontario Flips Flops on the Double Down |
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Friday, 22 October 2010 10:31 |
TORONTO — The introduction of KFC’s Double Down sandwich has provincial politicians backtracking and debating the health implications of the controversial menu item, the Canadian Press reports.
It seems Ontario Health Promotion Minister Margarett Best hinted to reporters that the provincial government would review the bun-free fried (or grilled) chicken, bacon, cheese and sauce sandwich recently made available in Canada. However, shortly after her initial statement, she rescinded her suggestion.
According to the CP, The flip flop has led to debate amongst party leaders, with Progressive Conservative leader, Tim Hudak, saying he expected Premier Dalton McGuinty to attempt to ban the 540-calorie indulgence and NDP representatives saying they’d prefer the government require restaurants display the nutrition content of their foods more clearly. Some consumer advocates support government intervention, citing rising health-care costs as a reason to regulate food more thoroughly.
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