Tuesday October 15-th, 2019

Noront Resources Chooses Sault Ste Marie for Ferrochrome Processor Noront Resources Chooses Sault Ste Marie for Ferrochrome Processor

The Sault bid had the support of the city's MP and MPP as well as two nearby First Nations, the Batchewana First Nation and Garden River First Nation. CTV Northern Ontario's Lydia Chubak spoke to Timmins May George Pirie Tuesday morning ahead of the ...

Luxury vehicle market to launder money Luxury vehicle market to launder money

Attorney General David Eby. "Individuals with high-level criminal records are alleged to be principals of several used luxury dealerships in the province", added Eby. Another report looks at how to stop criminals from using the real estate market t...

First patents surface for Dyson electric car planned for 2021 First patents surface for Dyson electric car planned for 2021

James Dyson, founder of the company that bears his name and the advocate behind the electric auto project, tempered expectations in an email to his staff, saying, "don't reveal what our vehicle will really look like or give any specifics around what ...

GM's Cruise gets $1.15 billion new cash from T. Rowe Price, SoftBank GM's Cruise gets $1.15 billion new cash from T. Rowe Price, SoftBank

The second tranche of $1.35 billion will be made once Cruise's autonomous vehicles are ready for commercial deployment, the companies said at the time. Developing and deploying self-driving vehicles at massive scale is the engineering challenge of ...

Zuckerberg's Old Dormmate Issues a Call to Action Zuckerberg's Old Dormmate Issues a Call to Action

Hughes also bemoans the fact that the powerful CEO controls three core communications platforms (Facebook, Instagram , and WhatsApp ) and says that lack of competition, market or government regulation is a major problem. On Zuckerberg: "Mark is a ...

Oil steady near $70 as China demand offsets concerns about trade Oil steady near $70 as China demand offsets concerns about trade

The West Texas Intermediate (WTI) crude fell 1.01 percent to Dollars 61.49 per barrel, while Brent crude, the global benchmark, shed 0.94 percent to USD 69.71 a barrel on the New York Mercantile Exchange. That is an 11% rise from the same month pre...

Warren Buffett praises Kraft Heinz operations, says Wells Fargo made 'big mistakes' Warren Buffett praises Kraft Heinz operations, says Wells Fargo made 'big mistakes'

Buffett also maintained that "we paid too much" for Kraft Heinz, which was created in a 2015 merger between Kraft Foods and H.J. Heinz, which Berkshire and Brazil's 3G Capital controlled. The company reported first-quarter earnings of $21.7bn (£16.5b...

FTC divided on Facebook fines FTC divided on Facebook fines

In addition, Blumenthal and Hawley want Facebook to put up a firewall blocking its other apps (like Instagram and WhatsApp) from sharing consumer data with each other. "The FTC should impose tough accountability measures and penalties for individua...

Intel to launch 7nm graphics chip in 2021 Intel to launch 7nm graphics chip in 2021

The company confirmed that it will bring its first-ever 10nm processor to the market by the end of 2019. Before this, however, Intel will launch a high-performance 7nm GPU for data centres, AI, and high-performance computing. Swan said the compan...

Mexico says tariffs will send tomato prices soaring in US Mexico says tariffs will send tomato prices soaring in US

A worker cuts tomatoes off the vine at a greenhouse in La Piedad, in Michoacan state, Mexico, June 13, 2017. "We remain optimistic that there will be a negotiated solution". USA growers, mainly in Florida, say Mexican tomato producers charge below fa...

Aussie central bank sticks to neutral rate stance Aussie central bank sticks to neutral rate stance

The board "recognised that there is still spare capacity in the economy and that a further improvement in the labour market is likely to be needed for inflation to be consistent with the target", Lowe said in the concluding paragraph of his statemen...

Lebanon stock trading suspended over central bank strike Lebanon stock trading suspended over central bank strike

Lebanese central bank employees went on strike on Monday over state budget proposals that would cut their benefits but said they may be ready to take a decision to "relieve" pressures caused by the move, reports Reuters . Lebanon's public debt burde...

Volkswagen begins taking deposits for ID.3 hatch; delivery target 'mid-2020' Volkswagen begins taking deposits for ID.3 hatch; delivery target 'mid-2020'

It didn't take long after our first look at the Volkswagen ID 3 on Wednesday to hear that VW's electric plans go much further. The "ID.3 1st" launch edition will have a midrange battery with an estimated 261 miles on a single charge, with a price...

US Would be Happy to Leave China Tariffs in Place, Trump Says US Would be Happy to Leave China Tariffs in Place, Trump Says

Hours before China put the U.S. on notice that they would take retaliatory action if necessary, White House press secretary Sarah Sanders told reporters that the administration had been told that Beijing still wants to make a trade deal.

Meng Wanzhou: Huawei CFO seeks halt to extradition after Trump comments Meng Wanzhou: Huawei CFO seeks halt to extradition after Trump comments

Meng". The indictment accuses Huawei and Meng of misrepresenting their ownership of Skycom, a Hong Kong-based subsidiary, between 2007 and 2017 in an effort to circumvent US sanctions against Iran . She is also under 24-hour surveillance by a priv...

Trump Suffered $1.17 Billion in Business Losses Between 1985 and 1994 Trump Suffered $1.17 Billion in Business Losses Between 1985 and 1994

That's the main takeaway from the Mueller Report: there is a byzantine network of global finance laundered through " tax shelters " and in real estate throughout the world. Those reported losses bounced around between a (relatively) modest $4.5 mil...

Honda E Prototype's official production name is ... the Honda E Honda E Prototype's official production name is ... the Honda E

Almost two years ago at the Frankfurt Motor Show , Honda took everyone by surprise with the unveiling of an adorable electric vehicle tailored to the city. The Honda e has been developed around a dedicated EV platform that allows for a relatively ...

HBC to review strategic alternatives for Lord & Taylor HBC to review strategic alternatives for Lord & Taylor

Brick-and-mortar retailers like Lord + Taylor have faced hard times as online shopping on sites including Amazon.com gains popularity. But whether the company will be able to line up a buyer for a quality price remains to be seen. The parent compan...

GM investing $170-million in Oshawa plant, saving 300 union jobs GM investing $170-million in Oshawa plant, saving 300 union jobs

General Motors and the largest union representing Canada's auto workers have reached a deal to partly rescue an auto plant in Ontario slated to close this year by converting it to a parts-stamping facility, a source familiar with the matter said on W...

Westpac NZ makes $555m profit in six months Westpac NZ makes $555m profit in six months

Westpac's half-year profit has fallen by nearly a quarter as the cost of customer compensation mounts and home-lending growth stagnates. Westpac, like the other "Big Four" Australian banks, is spending millions of dollars to pay back customers who ...

Bausch Health Companies Inc. (BHC) moved -5.48% - Monthly Down Overview Bausch Health Companies Inc. (BHC) moved -5.48% - Monthly Down Overview

Likewise, when prices dropped rapidly and therefore momentum was low enough, the financial instrument would at some point be considered oversold presenting a possible buying opportunity. Contracting the focus on performance, delivered a move of -1....

PUBG may never officially launch in China, after all PUBG may never officially launch in China, after all

PlayerUnknown's Battlegrounds might be one of the world's biggest games, but its parent company, Tencent , has made a decision to discontinue the game in China. According to Tencent , the recruitment wing of the PLA Air Force was a consultant duri...

Kraft Heinz to Restate Nearly Three Years of Financial Reports After Investigation Kraft Heinz to Restate Nearly Three Years of Financial Reports After Investigation

The misstatements mainly relates to incorrect timing of when certain costs and rebates were recognized initially, the company said. "During the course of a thorough internal investigation, some discrepancies were uncovered which affected the way ea...

Lyft signals no end to spending spree in first post-IPO results Lyft signals no end to spending spree in first post-IPO results

The New York City organization said its demands include greater job security. Customers will be able to log on to the apps, but may not find many drivers nearby. That's the ridehailing equivalent of a $15 minimum wage, accounting for the fact that ...

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