The NYT NewsGuild has sought wages that "keep up with inflation" as well as to preserve and enhance health insurance and retirement benefits that were promised during hiring, according to a letter signed by 1,036 members. "We will walk out and stop work for 24 hours, on Thursday, Dec. 8, if we do not have a deal for a complete and equitable contract by then," the letter read.
Citigroup Inc and Bank of America Corp are considering cutting bonus pools by as much as 30%, the report said, citing people with knowledge of the internal deliberations. Investment banks have been hit by a plunge in dealmaking activity this year as torrid markets and aggressive rate hikes by the Federal Reserve have forced lenders to pull back from financing large deals. Goldman Sachs Group Inc is also planning to shrink the year-end bonuses for traders at its global markets unit by a low double-digit percentage, a separate report from Bloomberg News earlier on Friday said, citing people with knowledge of the discussions.
(Reuters) -Persistently massive inflows of cash into a key Federal Reserve facility are in large part being driven by a bank liquidity regulation change from last year, a report from the New York Fed said Friday. The Fed’s facility offers what are called reverse repos, which allow eligible firms to park cash at the central bank in exchange for a risk-free return. The rule playing a role in the inflows is a regulation called the Supplementary Leverage Ratio, which determines how much liquidity banks need to have on hand.
Enbridge is having a good year. Are more gains on the way for the stock? The post Enbridge Stock Rose More Than 4.5% in November: Is it a Buy Today? appeared first on The Motley Fool Canada.
Growth stocks like Aritzia (TSX:ATZ) are on discount. The post Year-End Sales Tracker: 3 Growth Stocks Going for Value Prices appeared first on The Motley Fool Canada.
International delegates and global mining investors attending London's Mines and Money conference have heard how Saudi Arabia is arguing that the energy transition from hydrocarbons to renewables is opening the path for it to become a global leader in the sustainable and innovative production of minerals and metals, especially since a vast, new and largely untapped minerals super-region is emerging, stretching from Africa to central Asia.
Blue Sky Uranium Corp. (TSX-V: BSK), (FSE: MAL2), (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce it has closed the first tranche of the non-brokered private placement announced on November 21, 2022, and increased on December 1, 2022 (the "Private Placement") through the issuance of 16,780,000 units at a subscription price of $0.10 per unit for aggregate gross proceeds to the Company of $1,678,000.
LOGAN TOWNSHIP, N.J. (AP) — A former coal-fired power plant in New Jersey was imploded Friday, and its owners announced plans for a new $1 billion venture on the site, where batteries will be deployed to store power from clean energy sources including wind and solar. The move came as New Jersey moves aggressively to adopt clean energy, including its push to be the East Coast leader in offshore wind energy. Starwood Energy demolished the former Logan Generating Plant, with the head of New Jersey'
WASHINGTON (AP) — The nation’s 988 hotline, intended to help anyone experiencing a mental health emergency, was back up and running Friday after a daylong outage. The call service, which was launched in July, was restored shortly before midnight on Thursday. People experiencing a mental health crisis were still able to reach a mental health counselor by texting 988 or by visiting 988lifeline.org to start a chat. The federal government is investigating the hotline's outage, Health and Human Servi
TORONTO — CIBC says a New York court has issued a liability ruling against the Canadian bank in a lawsuit brought by Cerberus Capital Management LP. Cerberus filed the lawsuit in November 2015. The case related to an October 2008 transaction in which CIBC issued a limited recourse note to Cerberus specifying certain payment streams, and a subsequent transaction in 2011 in which CIBC sold a residual interest in the streams to the private equity firm. Cerberus claimed damages of US$1.067 billion a
NASHVILLE, Tenn. (AP) — A joint venture between General Motors and South Korean battery company LG Energy Solution announced Friday that it will invest an additional $275 million to expand a Tennessee battery cell factory for electric vehicles. Officials with the companies had already pledged to spend $2.3 billion to build a battery plant in Spring Hill, Tennessee. The additional investment is anticipated to result in 40% more battery cell output when the plant is fully operational. Production a
Mazda Canada Inc. (MCI) today reported November sales of 3,067 vehicles, representing an increase of 3.1 percent versus November 2021. Sales year-to-date (YTD) are 47,135, which is a decrease of 21.8 percent compared to the same period in 2021.
Hellmann's Canada has launched Savour, a new virtual pop-up restaurant for Torontonians to experience for one weekend only, delivered exclusively through SkipTheDishes, Canada's largest and most trusted food delivery network. Savour offers an exclusive menu curated by celebrity chef and influencer Wallace Wong featuring some of Canada's most frequently wasted foods. From a Spicy Mayo Chicken Sandwich to a vegetarian Spicy Mushroom Poke Bowl, Wong's menu showcases the versatility and spicy kick o
HELSINKI (AP) — NATO member and Russia’s neighbor Estonia is boosting its defense capabilities by acquiring an advanced U.S. rocket artillery system in the Baltic country’s largest arms procurement project ever, defense officials said Saturday. The deal signed Friday for the High Mobility Artillery Rocket System is worth more than $200 million and includes equipment such as ammunition and rockets, as well as training. The package includes HIMARS rockets with ranges of 70-300 kilometers (43-186 m
CWB Financial Group (TSX: CWB) (CWB) today announced financial performance for the year ended October 31, 2022. Annual diluted earnings per share of $3.39 and adjusted earnings per common share(1) of $3.62, were down 9% and 5%, respectively, reflecting an increase in the performing loan provision for credit losses due to a deterioration in macro-economic forecasts. Fourth quarter diluted earnings per share of $0.72 was down 18% sequentially and reflected the impact of the accelerated amortizatio
Bank hikes dividend and shores up more money for potentially souring loans
WASHINGTON (AP) — For nearly nine months, the Federal Reserve has relentlessly raised interest rates to try to slow the U.S. job market and bring inflation under control. And for just as long, the job market hasn’t seemed to get the message. The November employment report the government issued Friday was no exception. Employers added 263,000 jobs — a substantial gain that was far above economists’ expectations. Wages rose robustly, too, further intensifying the inflationary pressures the Fed has
Three executives of the company: Christopher Womack, Kent Evans and Michael Black, who the SEC alleged were involved in violating Regulation FD, or fair disclosure, also agreed to each pay a $25,000 penalty without admitting or denying the regulator's allegations, the filing said. In a March 2021 lawsuit, the SEC accused Dallas-based AT&T and three investor relations executives of leaking details about its smartphone business to 20 firms.
Under the concept of VAPORESSO Care, a recycling and social giveback campaign launched in the run-up to this year's festive season, VAPORESSO is a world-leading vaping brand, has further reinforced its commitment to the environment and community, advancing its corporate social responsibility (CSR) pledges by giving customers a special shopping experience while creating a simple way to empower them to support global environmental efforts and people in need this winter.
TD Bank (TSX:TD) is a rock-solid stock for 2023. The post TD Stock Rose 4.6% in November: Is it a Buy Today? appeared first on The Motley Fool Canada.