Markets
Stop & Shop Workers Authorize Strike
The contract dispute centers on wages, health insurance, and pensions. The Stop & Shop workers - represented by five separate UFCW unions - have remained at work since their contracts with the grocery store chain expired February 23. "We are far apart on all of them", he said. "The cost of purchasing that benefit has increased and they don't want to fund it", Melia said. But a fair, new agre... [Full Article...]
Winter X Games awarded to Calgary in 3-year deal
Mayor Naheed Nenshi was joined by Tourism Minister Ricardo Miranda and the CEO of Tourism Calgary in sharing the news Wednesday morning. The event has previously been hosted by Aspen, Shanghai, Oslo and Sydney. "Potentially coming to Calgary, would be a major dream come true". "How big it is, how much fun it is, how much energy the crowds have - it's just a super fun event to be a part of an... [Full Article...]
Aurora Cannabis appoints U.S. billionaire Nelson Peltz as strategic adviser
Jefferies analyst Owen Bennett noted that Aurora stock trades at a lower multiple of sales and projected cash flow than Tilray or Canopy stock. He has served as the CEO and chairman of Triarc Companies, which owned Arby's and Snapple, and has been on several company boards . [Full Article...]
Musk in more trouble over Tesla tweets
Confused about pricing of Tesla cars and features? The legal team has argued that the SEC's action is unwarranted and should be viewed as "retaliation" for Musk's statement that "I want to be clear, I do not respect the SEC" in an interview with 60 Minutes . [Full Article...]
Ontario may ban plastic straws and single use plastic
Environmental Defence's programs director Keith Brooks explained that plenty of single-use plastics are not required, emphasizing on cutlery & straws. Ontario may also allow more items to be collected through Blue Box programs, including small and large appliances, power tools, rechargeable batteries, fluorescent bulbs and clothing. [Full Article...]
Kier Group increases debt position after accounting error
The firm's shares almost halved in December on the news it was to sell new shares to existing investors at a knock-off one-third discount in a bid to raise £264m to slash into its net debt of more than £600m at the time. Meanwhile, the company said it expects to book a £25 million charge in its interim results linked to the Broadmoor Hospital redevelopment after reaching an agreement with the clie... [Full Article...]
Oil up on reduced U.S. output estimate, stalled Venezuelan exports
The so-called OPEC+ alliance, including Russian Federation and other producers, agreed in December to reduce supply by 1.2 million bpd from 1 January for six months, which will help to boost oil prices after last year's downward trend. Saudi Arabia's total gross exports are predicted to stand at 9.52 million barrels a day in 2024, while USA is rapidly closing the gap with the kingdom. [Full Article...]
Spring Statement 2019 summary and highlights: key points explained
All eyes will be on the Office for Budget Responsibility's forecasts for the deficit, debt, GDP and productivity. After that growth is expected to rebound. In its assessment of the public finances, the OBR said the spring statement involved £1.3bn of "giveaways", just as each budget has done since the referendum vote. [Full Article...]