Home » Mainstream Business News (page 2)

Mainstream Business News

Quebec government doesn’t rule out buying SNC Lavalin shares, Legault says

BROMONT, Que.- Quebec Premier Francois Legault says his government isn’t ruling out buying shares in SNC-Lavalin in order to prevent the company from being sold or dismantled. Legault said Friday that all options are currently on the table when it comes to saving the troubled Montreal-based engineering giant and the ...

Read More »

NewsAlert: Barrick and Newmont sign Nevada joint venture agreement

TORONTO- Barrick Gold Corp. is dropping its hostile takeover offer for Newmont Mining Corp. in favour of creating a joint-venture that will combine the two companies’ mining operations in Nevada. Under the deal, Barrick will hold a 61.5 per cent stake in the joint venture, while Newmont will own 38.5 ...

Read More »

Imperial Metals selling 70 per cent stake in Red Chris mine to Newcrest

VANCOUVER- Imperial Metals Corp. has signed a deal to sell a 70 per cent interest in its Red Chris copper and gold mine in B.C. to Australia’s Newcrest Mining Ltd. for US$806.5 million in cash. The company, which will retain a 30 per cent stake in the mine, will form ...

Read More »

SNC Lavalin Group slashes dividend 65%, reports $1.6B fourth quarter loss 

MONTREAL- SNC-Lavalin Group Inc. slashed its dividend by 65 per cent Friday as it reported a fourth-quarter loss of $1.6 billion. The troubled engineering and construction giant said it will now pay a quarterly dividend of 10 cents per share compared with its earlier payment of 28.7 cents per share. ...

Read More »

Arizona city officials decry new razor wire on border wall

NOGALES, Ariz.- Officials in a small Arizona border city are decrying the installation of new razor wire that now covers the entirety of a tall border wall through downtown. The city council in Nogales, which sits on the border with Nogales, Mexico, is set to consider a resolution Wednesday night ...

Read More »

Hackers targeting Canadian banks, mining companies, expert tells MPs

By Jim Bronskill THE CANADIAN PRESS OTTAWA- Foreign hackers have targeted Canadian banks, mining companies and government institutions in recent years to steal valuable secrets and spread malware, a leading cybersecurity analyst warns. In February 2017, multiple major Canadian financial institutions were exposed to the risk of state-sponsored cybertheft from ...

Read More »

Saskatchewan NDP Opposition says it’s time for potash royalties review 

REGINA- The NDP Opposition in Saskatchewan says it’s time to review how potash royalties are structured. Leader Ryan Meili says the government needs to recognize the value of potash to the province and the thousands of jobs the industry creates. He points to a recently published report on the province’s ...

Read More »

Trade war, profits, marijuana: Markets saw it all in 2018 

By Alex Veiga THE ASSOCIATED PRESS Wall Street started 2018 strong, buoyed by a growing economy and corporate profits. It isn’t ending that way. U.S. stocks climbed to new highs early, shook off a sudden, steep drop by spring and rode a wave of tax cut-juiced corporate earnings growth to ...

Read More »
error: Content is protected !!