Aug 26 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
THE GLOBE AND MAIL
** A takeover proposal to rescue debt-hobbled Twin Butte Energy Ltd TBE.TO is in jeopardy as debt holders angry over the prospect of a major markdown in the value of their securities pledge to reject the deal. As the Liberals prepare to launch their signature anti-terrorism initiative, they have closed the door on a previous one by the Conservative government called Kanishka Project.
POST
** General Electric (NYSE:GE) Co GE.N is set to break ground Friday on a new factory in Welland, Ontario, that will employ 220 people with the possibility of significant expansion. Rick Peterson, a Vancouver-based financial services executive, is mulling a bid to lead the Conservative Party of Canada and plans to enter the race in late September.