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Stocks in play: Baytex Energy Corp.

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and Raging River Exploration Inc. announced that their respective boards of directors have unanimously agreed to a strategic combination of the two companies. The combined organization will be a well-capitalized, oil-weighted company with an attractive growth and free cash flow profile provided by its world class assets across North America. The combined organization will have an enterprise value of approximately $5 billion and operate under the Baytex name. Baytex Energy Corp. shares T.BTE are trading down $0.64 at $4.46.

  • Asia stocks edge up as Wall St. shows resilience, oil near two-month lows
    Finance
    Reuters

    Asia stocks edge up as Wall St. shows resilience, oil near two-month lows

    Global stocks suffered earlier this week on worries about U.S. earnings, Italian government finances, U.S. trade tensions and mounting pressure on Saudi Arabia over the death of dissident journalist Jamal Khashoggi. Wall Street's three major indexes slumped early on Tuesday but ended well off the

  • Asian Stocks Edge Higher After Late U.S. Rally: Markets Wrap
    Finance
    Bloomberg

    Asian Stocks Edge Higher After Late U.S. Rally: Markets Wrap

    Benchmarks climbed in Japan, Australia and South Korea, with gains being kept in check as U.S. equity futures slipped. An afternoon rally in the S&P 500 Index helped buoy futures for China equities, while Hong Kong contracts pointed to a lower start. Sentiment remained fragile after Caterpillar repeated

  • Oil extends declines as Saudi Arabia commits to meet demand
    Finance
    Reuters

    Oil extends declines as Saudi Arabia commits to meet demand

    Front-month Brent crude oil futures were at $76.37 a barrel at 0031 GMT, 7 cents below their last close. U.S. West Texas Intermediate (WTI) crude futures were at $66.31 a barrel, 12 cents below their last settlement. The dips came after Brent closed down 4.3 percent and WTI 4 percent in the previous

  • Ford appoints new China CEO to revive falling sales
    Finance
    Reuters

    Ford appoints new China CEO to revive falling sales

    Ford Motor Co said on Wednesday it had appointed a new head of its China operations to help turn around flagging sales in the world's largest auto market and fill a post vacated when the firm's previous China head abruptly stepped down in January. The U.S. carmaker said in a statement that

  • Finance
    Bloomberg

    Kraft Agrees to Sell Package of Indian Assets to Zydus

    Zydus, which is a unit of Indian drugmaker Cadila Healthcare Ltd., could announce a deal as soon as this week, according to the people, who asked not to be identified because the information is private. Ahmedabad-based Zydus is in talks to raise private equity funding to cover about half of the purchase

  • Disney animation and Pixar president Ed Catmull to retire
    Finance
    The Canadian Press

    Disney animation and Pixar president Ed Catmull to retire

    Ed Catmull, the president of Walt Disney and Pixar Animation Studios since 2006, is retiring next year. The Walt Disney Company says Tuesday that the 73-year-old Pixar co-founder will remain in an advisory role through July 2019. Robert Iger, Disney's chairman and CEO, said in a statement that

  • South Korea's LG Display swings to third-quarter profit on seasonal price boost
    Finance
    Reuters

    South Korea's LG Display swings to third-quarter profit on seasonal price boost

    The Apple Inc supplier said operating profit was 140 billion won ($123.2 million) for the July-September quarter, beating an average forecast of 79 billion won from 10 analysts, according to a Refinitiv poll. Recovering Liquid-Crystal Display (LCD) prices ahead of the year-end holiday period boosted

  • Finance
    The Canadian Press

    Family behind drug company sued over toll of opioids

    The family that owns a drug company is now being sued over the toll of opioid painkillers in one New York county — and it's likely to be sued by hundreds more. Well over 1,000 lawsuits filed by state and local governments blame drug companies for a crisis of addiction and overdoses across the country

  • China talks up the stock market amid lurking concerns about share-backed loans
    Finance
    CNBC

    China talks up the stock market amid lurking concerns about share-backed loans

    The worry is that a drop in stock prices would force the selling of shares used as collateral, and lead to further market declines in China The Shanghai composite is one of the world's worst performing stock markets in 2018.

  • Monsanto weed killer ruling is 1st step in long legal battle
    Finance
    The Canadian Press

    Monsanto weed killer ruling is 1st step in long legal battle

    With its stock dropping and more lawsuits expected, Monsanto vowed Tuesday to press on with a nationwide legal defence of its bestselling weed killer Roundup after a San Francisco judge upheld a verdict alleging it causes cancer. Legal experts said the decision will have little value in courtrooms across

  • Finance
    The Canadian Press

    First Nations, environment groups say latest energy board pipeline review flawed

    The National Energy Board is repeating its mistakes with a new review of the Trans Mountain pipeline expansion, laying the groundwork for another court challenge, say First Nations, environmental advocates and politicians in British Columbia. The new review of the project's impacts on the marine

  • The Latest: Trump calls Khashoggi killing a 'total fiasco'
    Finance
    The Canadian Press

    The Latest: Trump calls Khashoggi killing a 'total fiasco'

    ANKARA, Turkey — The Latest on the killing of Saudi writer Jamal Khashoggi (all times local):

  • Finance
    Bloomberg

    Total CEO Steps Into the Eye of Saudi Storm as Other Bosses Balk

    The storm in Saudi Arabia caused by the killing of dissident journalist Jamal Khashoggi was too much for the chief executive officers of Siemens AG and BlackRock Inc., who pulled out of an investment conference in Riyadh this week. The Total CEO went on to sign memorandums of understanding with Saudi

  • Caterpillar Just ‘Can’t Grow That Fast Forever,’ CFO Says
    Finance
    Bloomberg

    Caterpillar Just ‘Can’t Grow That Fast Forever,’ CFO Says

    The company plunged more than 10 percent after disappointing analysts who expected a boost in its 2018 outlook. The world’s largest maker of mining and construction equipment maker reported sales growth of 18 percent in the third quarter, the weakest since the three months ended June 2017. “For a company

  • Popularity of India Stocks Over Past Decade Adds to Outflow Risk
    Finance
    Bloomberg

    Popularity of India Stocks Over Past Decade Adds to Outflow Risk

    Indian stocks have been the biggest emerging-Asian beneficiaries of the wave of liquidity that swept over world markets in the wake of the global financial crisis, according to data compiled by Bloomberg. Foreign investors have pumped a net $101 billion into the country’s equities from the beginning

  • Venezuela Is Said to Prepare PDVSA Bond Payment Amid Defaults
    Finance
    Bloomberg

    Venezuela Is Said to Prepare PDVSA Bond Payment Amid Defaults

    Petroleos de Venezuela SA’s plan to make the coupon and partial principal repayment on the 2020 notes would mark a rare exception for Nicolas Maduro’s government, which has racked up nearly $7 billion in defaulted debt to investors. This bond is backed by a majority stake in Citgo Holding Inc., meaning

  • Union Pacific to cut 475 jobs in first wave of planned reductions
    Finance
    Reuters

    Union Pacific to cut 475 jobs in first wave of planned reductions

    By Lisa Baertlein (Reuters) - Railroad operator Union Pacific Corp said on Tuesday it would cut 475 jobs in the fourth quarter and signaled more workforce reductions to come as it seeks to boost profitability by the end of 2020. Union Pacific, which connects 23 states in the western two-thirds of the

  • Finance
    The Canadian Press

    Yahoo to pay $50M, other costs for massive security breach

    Yahoo has agreed to pay $50 million in damages and provide two years of free credit-monitoring services to 200 million people whose email addresses and other personal information were stolen as part of the biggest security breach in history. The restitution hinges on federal court approval of a settlement

  • Finance
    The Canadian Press

    Americans who don't have a bank account at lowest level ever

    The percentage of Americans who do not have a bank account fell to a record low last year, the Federal Deposit Insurance Corp. said Tuesday, a sign that the economic fortunes of the country's most vulnerable people continues to improve. In 2017 approximately 6.5 per cent of U.S. households did not

  • Finance
    The Canadian Press

    Target offers two-day shipping with no minimums for holiday

    Target will be offering for the first time two-day shipping with no minimum purchase this holiday, raising the stakes in the delivery wars during the busiest shopping season of the year. It's part of the retailer's overall strategy to bolster its delivery services from curbside pickup to same-day

  • Verizon CEO on the company's sturdy, solid quarter
    Finance
    Yahoo Finance

    Verizon CEO on the company's sturdy, solid quarter

    Vestberg said it was too early to get much of a read on 5G, but that it was proceeding apace.

  • The Latest: Monsanto weed killer legal battle to last years
    Finance
    The Canadian Press

    The Latest: Monsanto weed killer legal battle to last years

    With the value of its stock dropping and more lawsuits expected, Monsanto's parent company says it will press on with its nationwide legal defence of its bestselling weed killer Roundup. On Monday, San Francisco Judge Suzanne Bolanos upheld a verdict saying it causes cancer. Similar lawsuits doubled

  • Microsoft, Boeing, AMD — What you need to know in markets on Wednesday
    Finance
    Yahoo Finance

    Microsoft, Boeing, AMD — What you need to know in markets on Wednesday

    Microsoft, Boeing, and AMD will among the major companies scheduled to report earnings on Wednesday as investors search for direction amid another volatile day for the stock market.

  • Canadian National Railway CEO 'bullish' despite U.S.-China trade tensions
    Finance
    The Canadian Press

    Canadian National Railway CEO 'bullish' despite U.S.-China trade tensions

    The head of Canada's largest railway dismissed concerns about a looming trade war between China and the United States, stressing flexibility as he pointed to producers that have moved operations out of China to other Pacific countries. "A number of them already moved out of China. On Tuesday

  • Texas Instruments Tumbles as Weak Chip Demand Saps Forecast
    Finance
    Bloomberg

    Texas Instruments Tumbles as Weak Chip Demand Saps Forecast

    Investors view Texas Instruments’ financial outlook as a broader economic barometer because the company has the largest customer list and widest product range in the $400 billion semiconductor industry. The world’s sixth-largest chipmaker reported third-quarter net income of $1.57 billion, or $1.58