John Pasalis, president and broker of record at Realosophy Realty and Steve Saretsky, realtor and author of real estate blog Vancity Condo, speak to Jessy Bains of Yahoo Finance Canada about real estate during the COVID-19 pandemic.
John Pasalis, president and broker of record at Realosophy Realty and Steve Saretsky, realtor and author of real estate blog Vancity Condo, speak to Jessy Bains of Yahoo Finance Canada about real estate during the COVID-19 pandemic.
Phillips Edison & Company, Inc. ("PECO"), an internally-managed real estate investment trust ("REIT") and one of the nation’s largest owners and operators of omni-channel grocery-anchored neighborhood shopping centers, plans to host a presentation on Wednesday, May 19, 2021, at 11:30 a.m. Eastern Time to discuss its updated estimated value per share and its results for the three months ended March 31, 2021.
New Delhi [India], May 8 (ANI): The Indian Air Force (IAF) continues its efforts towards COVID-19 relief as its IL-76 aircraft airlifted three cryogenic oxygen containers from Singapore and landed at Panagarh Air base, West Bengal on Friday, according to an official statement.
GUADALAJARA, Mexico, May 07, 2021 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announced today that it successfully completed the issuance of 45 million long-term bond certificates in Mexico (Certificados Bursátiles) at a nominal value of Ps. 100 each (One hundred pesos 00/100), for a total value of Ps. 4.5 billion, issued jointly. The amount of the issuance was up to Ps. 3.0 billion with a greenshoe option of up to 50%, which was reached at the closing of the issuance. The bond certificates were issued in accordance with the following terms: 25 million 4-year bond certificates were issued under the ticker symbol “GAP21”, at a nominal value of Ps. 100 (One hundred pesos 00/100) each, for a total value of Ps.2.5 billion (Two point five billion pesos 00/100). Interest will be payable every 28 days at a variable rate of TIIE-28 plus 60 basis points; the principal will be due at maturity on May 2, 2025, with an early payment option.20 million 7-year bond certificates were issued under the ticker symbol “GAP21-2”, at a nominal value of Ps. 100 (One hundred pesos 00/100) each, for a total value of Ps. 2.0 billion (Two billion pesos 00/100). Interest will be payable every 182 days at a fixed rate of 7.91%; the principal will be due at maturity on April 28, 2028, with an early payment option. Proceeds from the issuance will be allocated to commercial investments and fulfilling investments committed under the Master Development Program in Mexico, as well as the paying of financial liabilities due in July 2021. The issuances obtained credit ratings of “Aaa.mx” by Moody’s and “MxAAA” by S&P, on a national scale. The order book reached an over-subscription of 5.8x over the Ps. 3.0 billion. Company Description Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of the Norman Manley International Airport in Kingston, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of the Norman Manley International Airport in Kingston, Jamaica and took control of the operation in October 2019. This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that June involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01 800 563 00 47. The web site is www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation. IR Contacts: Saúl Villarreal, Chief Financial OfficerAlejandra Soto, IRO and Corporate Finance DirectorGisela Murillo, Investor Relations firstname.lastname@example.org@email@example.com / +52-33-3880-1100 ext.20294
The 52-year-old actor revealed that he is in the "worst shape" of his life and is embarking upon a weight loss journey.
From food and drink deals to a free pair of Brazilian leather shoes, more than two dozen Miami Beach businesses have agreed to offer discounts to those who get the COVID-19 vaccine at a state-run vaccination site across from City Hall.
What to haul along to keep everyone happy — and quiet — in the car.
Callum Wilson scored twice in a 4-2 win at the King Power Stadium.
The administration is taking reports of the health incidents “extremely seriously” and is working to gather the reports “into one place.”
SACRAMENTO, Calif. — The owner of a Northern California bar was arrested on suspicion of selling made-to-order fake COVID-19 vaccination cards to several undercover state agents for $20 each in what officials said Friday is the first such foiled operation they are aware of nationwide. The plainclothes agents from California’s Department of Alcoholic Beverage Control were told to write their names and birthdates on Post-it notes. They say bar employees cut the cards, filled out the identifying information and bogus vaccination dates, then laminated the finished product. Vaccination cards are being used in some places as a pass for people to attend large gatherings. The European Union is considering allowing in tourists who can prove they have been vaccinated. Acting on an an anonymous tip from the San Joaquin County Sheriff’s office, four undercover agents went to Old Corner Saloon in the town of Clements several times in April and bought four fake laminated vaccination cards, officials said. They returned to the small-town bar this week and arrested the bar’s owner. Agents say they found another two completed cards and 30 additional blank cards along with a laminator and cutting device. It wasn’t immediately known if the bar owner, Todd Anderson, has an attorney who can speak on his behalf. No one answered the phone at the bar Friday. ___ THE VIRUS OUTBREAK: — Pressure rises on India's PM Modi to issue nationwide lockdown — Norwegian Cruise Line threatens to skip Florida’s ports — WHO panel OKs emergency use of China's Sinopharm vaccine — Spain relaxes nationwide coronavirus pandemic measures ___ Follow more of AP’s pandemic coverage at https://apnews.com/hub/coronavirus-pandemic and https://apnews.com/hub/coronavirus-vaccine ___ HERE’S WHAT ELSE IS HAPPENING: DENVER, Colo. -- A former Amazon warehouse worker has filed a complaint with the Colorado officials against Amazon over its COVID-19 policies and allegations that her firing was retaliatory. Linda Rodriguez alleges Amazon fired her in 2020 because she raised concerns about the company’s COVID-19 policies that she said put workers at risk. Her complaint was sent Thursday to the state’s labour department. An Amazon spokesperson in response to the complaint says Rodriguez was fired for timecard fraud that the company says was confirmed by time records and video footage. Amazon said the federal Occupational Safety and Health Administration confirmed Rodriguez withdrew a complaint filed with the agency. ___ RALEIGH, N.C. — At a time when fewer and fewer North Carolinians are coming in for a COVID-19 vaccine, state health officials are examining ideas from other states to see what incentives might work to boost participation. Among the proposals being actively discussed are savings account payments to younger adults. Mandy Cohen, secretary of the state Department of Health and Human Services, says that's a group that has been less willing to get the vaccine. North Carolina’s top public health official says that her team has looked into a new program in West Virginia, where the state’s Republican governor recently announced that residents between the ages of 16 and 35 would be eligible for a $100 savings bond if they get the vaccine or have already gotten it. Cohen’s office says that it is also examining Detroit’s Good Neighbor program, which allows people to get $50 for every Detroit resident they sign up for a first vaccine dose and bring in for an appointment. The first $600 someone could earn from the program is nontaxable. The development comes as North Carolina turns down tens of thousands of doses from the federal government, considers returning some of its supply to a federal pool for others to draw from and has nearly 1.2 million doses waiting for residents to take. ___ MEXICO CITY -- More than three months after COVID-19 infections peaked in Mexico City, the local government announced Friday that the public hospital network dedicated to fighting the disease is experiencing its lowest rate occupancy of the pandemic. One year after the country instituted a colour-coded alert system for the pandemic, the capital for the first time moved from orange to yellow, another step down from the top category, red. City officials placed occupancy rate in public hospitals dedicated to COVID-19 care at 16%, a welcome change from January, when a surge following the holiday season pushed some hospitals to their limits. Mayor Claudia Sheinbaum said there was no scientific certainty to say why Mexico City is in a much better place, but she listed a half-dozen possible factors including greater discipline by citizens, expanded testing, a vaccination campaign, improved weather and the fact that many people in the city have already been infected. ___ CHARLESTON, W.Va. — West Virginia will lift its statewide mask mandate on June 20 after state officials projected more than two-thirds of eligible residents will be vaccinated against the coronavirus by then, Gov. Jim Justice announced Friday. And even if that target isn’t met, Justice said the mandate will still end on that date, also known as West Virginia Day, which marks the state’s admission into the union. The state has attempted to turn around its sluggish vaccination drive for weeks after hesitancy led to plummeting demand. The Republican governor has already dangled the prize of a “patriotic” $100 savings bond for people aged 16 to 35 who get a shot. The state is also attempting to make walk-up vaccine clinics ubiquitous, holding them at state parks, fairs, businesses, schools and other high-traffic places. Justice said he expects 65% of all residents aged 12 and older to be at least partially vaccinated by June 20. ___ OKLAHOMA CITY — Oklahoma’s attorney general has secured a $2.6 million refund for the purchase of a malaria drug once touted by then-President Donald Trump as an effective treatment for COVID-19. Attorney General Mike Hunter announced the agreement on Friday with California-based FFF Enterprises. The Oklahoma State Department of Health purchased 1.2 million hydroxychloroquine pills in April 2020, at the start of the coronavirus outbreak. The drug has since been shown to have little or no effect on severe cases of COVID-19. A former state health official chalked up Oklahoma’s purchase to something that happens in “the fog of war.” Oklahoma alleged that the price paid for the drug may have been excessive under the state’s Emergency Price Stabilization Act, which prohibits an increase of more than 10% for the price of goods and services after a declared emergency. Under the refund agreement, FFF Enterprises denies any accusations related to the pricing and delivery of the drug. While governments in at least 20 other states obtained more than 30 million doses of the drug through donations from the federal reserve or private companies, Oklahoma and Utah bought them from private pharmaceutical companies. Utah later managed to secure a refund on the $800,000 no-bid contract it signed with a local pharmacy company that had been promoting the drugs. ___ MIAMI — Miami-based Norwegian Cruise Line is threatening to skip Florida ports because of the governor’s order banning businesses from requiring that customers be vaccinated against COVID-19. The company says Gov. Ron DeSantis’ order conflicts with guidelines from federal health authorities that would let cruise ships sail in U.S. waters if passengers and crew members are vaccinated. The CEO of Norwegian Cruise Line Holdings, Frank Del Rio, says lawyers think federal law tops state law. The CEO says if Norwegian can’t operate in Florida, it can go to other states or the Caribbean. Cruise lines have been barred from sailing in U.S. waters or stopping at U.S. ports since March 2020. Some are slowly resuming trips in other countries and requiring all passengers on those cruises be vaccinated. The companies are pushing the CDC to let them return the U.S. this summer, although none of the major companies — Norwegian, Royal Caribbean Group and Carnival Corp. — have announced any U.S. cruises. ___ NEW DELHI — Indian Prime Minister Narendra Modi faces growing pressure to impose a strict nationwide lockdown. On Friday, India reported a new daily record of 414,188 confirmed cases and 3,915 additional deaths. The official daily death count has stayed over 3,000 the past 10 days. Many medical experts, opposition leaders and even Supreme Court judges are calling for national restrictions, arguing that a patchwork of state rules is insufficient to stamp out the surge. Indian television stations broadcast images of patients lying on stretchers outside hospitals waiting to be admitted, with hospital beds and critical oxygen in short supply. People infected with COVID-19 in villages are being treated in makeshift outdoor clinics, with IV drips hanging from trees. India has registered more than 21.4 million coronavirus infections and more than 234,000 confirmed deaths. Health experts says the tolls are undercounts. ___ GENEVA — A top official at the World Health Organization says the explosive number of coronavirus cases is only partly driven by the variants, warning countries that loosening control measures may worsen the pandemic. WHO emergencies chief Dr. Michael Ryan says the virus has “huge kinetic energy” in certain countries and leaders who think vaccination alone will stop the epidemic are mistaken. “It is being driven both by human behaviour, by the emergence of variants and many other factors,” Ryan said. “We’re expecting the virus to slow down and we’re pushing the accelerators.” He admonished some leaders to acknowledge “the brutal reality” of the situation. India has experienced a surge of cases and deaths. “Some of you are not in a good place,” Ryan said. “You need to protect your health system. You need to get your oxygen supply sorted out.” Ryan says while new virus variants may help spread COVID-19, the driver is “proximity between people.” He says crowds and the mixing of people without protection or handwashing are still potentially dangerous, even with the start of vaccination programs. ___ NEW YORK — A U.S. health official, who last year shook the nation with her frank assessment of the U.S. coronavirus pandemic, is resigning. Dr. Nancy Messonnier announced the decision Friday in an email to her colleagues at the U.S. Centers for Disease Control and Prevention. Messonnier, who joined the agency in 1995, led the CDC’s work on respiratory diseases for five years and she was an early leader in the agency’s COVID-19 response. During a briefing with reporters in February 2020, Messonnier contradicted statements by administration officials that the virus was contained. Stocks plunged, and President Donald Trump was enraged. Soon after, a White House task force moved to centre stage and Vice-President Mike Pence took control of clearing CDC communications about the coronavirus. Messonnier didn’t make more public appearances. In her email Friday, Messonnier says she was taking a new job with the California-based Skoll Foundation. At a White House briefing, CDC Director Dr. Rochelle Walensky praised Messonnier as “a true hero.” ___ LONDON — British residents can travel to countries including Portugal, Iceland and Israel later this month without having to quarantine on their return. Transport Secretary Grant Shapps says a blanket ban on overseas vacations is being replaced by a system classing countries as low, medium or high risk. He says it’s the first “tentative steps towards unlocking international travel.” The “green list” of 12 low-risk territories also includes Gibraltar, the Faroe Islands and the Falkland Islands -- but not major vacation destinations for Britons such as France, Spain and Greece. Britons travelling to those countries will have to self-isolate for 10 days on their return. All but essential travel remains barred to countries with severe outbreaks, including India, Turkey and the Maldives. The changes take effect May 17, the next date on the government’s road map out of lockdown. Pubs and restaurants in England can reopen indoor areas the same day, and venues including theatres and cinemas can open to limited audiences. ___ GENEVA -- The head of the World Trade Organization says the U.S. administration’s call to remove patent protections on COVID-19 vaccines could help expand fair access to vaccines but might not be the most “critical issue.” WTO Director-General Ngozi Okonjo-Iweala’s comments Friday came as officials in Europe increasingly insisted that more vaccine exports are the more pressing priority. Activists and humanitarian institutions cheered the American reversal in policy Wednesday and urged others to follow suit to remove the intellectual property protections on the COVID-19 vaccines. But some world leaders have taken the U.S. to task for not sharing more vaccines. German Health Minister Jens Spahn says the main issue is not the question of patents but of production capacity. And producing vaccines like the one developed by German firm BioNTech and manufactured with Pfizer is complicated, he says. Spahn stressed, as has the pharmaceutical industry, that developed countries whose vaccination campaigns are going well should export more shots. ___ MADRID — Spain will relax nationwide coronavirus pandemic measures this weekend, including travel restrictions, as the vaccine rollout continues to speed up. However, some regional chiefs are concerned the six-month national state of emergency will be replaced by a patchwork of conflicting approaches. Prime Minister Pedro Sánchez has refused to extend the sweeping order that gave legal coverage to curfews, social gathering curbs and travel bans across the country. Each region was taking a different path, and the response from courts was also varied. Spain’s cases surged sharply in January but slowed in mid-March before mildly picking up again. Madrid, whose lockdown-skeptic regional chief was re-elected this week, announced there will be no more curfews or travel restrictions in and out of the region starting Sunday. The operation of bars and restaurants can be extended from the current 11 p.m. limit to midnight. ___ ATHENS, Greece — Most beaches in Greece will reopen Saturday, a week ahead of the official launch of the tourism season. Public health officials Friday announced a roadmap of reopening measures aimed at helping Greece’s key industry. Museums will reopen on May 14, while retail restrictions will be relaxed, and a ban on domestic travel between the country’s 54 administrative regions is expected to be lifted. Open-air cinemas will open on May 21 and open-air theatres on May 28, both with seating restrictions, officials say. Tourism is expected to be an important driver of Greece’s recovery in 2021 following a steep pandemic-related recession last year that saw output slump by 8.2%. The number of visitors to Greece fell by 78.2% in 2020 to 7.4 million from 34 million in 2019, according to Bank of Greece data. Tourism-related revenue dropped by 76.2%. ___ BUCHAREST, Romania — A three-day “vaccination marathon” started Friday in Romania’s capital of Bucharest as authorities race to inoculate the nation of more than 19 million against COVID-19. The round-the-clock event is supported by around 1,200 volunteers, including Valeriu Gheorghita, a military doctor and chief of the country’s vaccination committee, who administered Pfizer shots at the launch. The “marathon” is held at the capital’s Palace Hall, and the National Library, and it will host a series of live musical performances, including one by prominent violinist Alexandru Tomescu on Sunday. Other vaccination marathons have been organized in cities across the country. On Saturday, all vaccination centres will be appointment-free for everyone after 2 p.m. So far, Romana has administered more than 5.6 million vaccine doses. ___ GENEVA — The World Health Organization has given its authorization for emergency use of a COVID-19 vaccine manufactured by China’s Sinopharm. The decision by a WHO technical advisory group opens the possibility that the Sinopharm vaccine could be included into the U.N.-backed COVAX program in coming weeks or months and distributed through UNICEF and WHO’s regional office for the Americas. Sinopharm has publicly released little data, aside from efficacy numbers for its two vaccine shots, one developed by its Beijing Institute of Biological Products and the other by the Wuhan Institute of Biological Products. The Beijing shot is one that was considered by WHO for an emergency use listing. A separate group advising the U.N. agency on vaccines said it was “very confident” the Sinopharm vaccine protects the 18-59 age group but had only a “low level of confidence” of efficacy in the age 60-plus. ___ The Associated Press
Gonzalez and nine other House Republicans voted to impeach Trump following the deadly Jan. 6 assault on the U.S. Capitol by pro-Trump rioters.
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2021) - Hansco Capital Corp. (TSXV: HCO.P) ("Hansco" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") dated May 3, 2021 with Aurex Energy Corp. ("Aurex", an Alberta corporation) respecting a proposed transaction (the "Transaction") pursuant to which Hansco will acquire 100% of the issued and outstanding common shares of Desert Strike Resources (US) Inc. ("DSRI", a ...
%F LastPrev.Wk.Ago %L001%%Prime Rate% %3.25%%3.25%%3.25% %L002%%Discount Rate Primary%%0.75%%0.75%%0.75% %L003%%Fed Funds Target% %0.00-0.25%%0.00-0.25%%0.00-0.25% %L004%%T-Bills:%%%%%%% %L056%%1-month yld% %0.01%%0.01%%0.01% %L005%%3-month Disc% %0.02%%0.02%%0.02% %L057%%3-month yld% %0.02%%0.02%%0.02% %L006%%6-month disc% %0.04%%0.04%%0.04% %L058%%6-month yld% %0.04%%0.04%%0.04% %L007%%T-Bill, annualized, adjusted for%%%%%% %L008%%constant maturity:%%%%%%% %L009% %1-year% %0.05%%0.05%%0.05% %L010%%T-Notes:%%%%%% %L011% %1-year% %0.05%%0.05%%0.05% %L012% %2-year% %0.14%%0.16%%0.16% %L055% %3-year% %0.29%%0.32%%0.32% %L013% %5-year% %0.77%%0.81%%0.81% %L014% %10-year% %1.57%%1.56%%1.56% %L015%%T-Bond:%%%%%% %L016% %30-year% %2.27%%2.23%%2.23% %L017%%Libor:%%%%%% %L018% %3-month% %0.18%%0.18%%0.18% %L019% %6-month% %0.21%%0.21%%0.21% %L020%%FHLB Cost of Funds, 11th District:%%%%%%% %L021% %Eff. Apr. 1% %0.46%%0.46%%0.46% %L022%%FNMA 30-year mortgage commitment:%%%%%%% %L023% %60-days% %2.65%%2.65%%2.65% %L024%%Money market fund:%%%%%%% %L025%%Fidelity Cash Reserves:%%%%%%% %L026% %7-day avg yld:% %0.01%%0.01%%0.01% METALS LastPrev.Wk.Ago %L027%%Gold (troy oz):%%%%%%% %L065% %London AM fix% %$1793.15%%$1778.05%%$1778.05% %L028% %London PM fix% %$1813.15%%$1782.25%%$1782.25% %L029% %HSBC Bank USA% %$1831.50%%$1813.75%%$1813.75% %L061% %NY Handy & Har% %$1836.55%%$1813.15%%$1813.15% %L062% %NY H&H fab% %$2038.57%%$2012.60%%$2012.60% %L063% %NY Engelhard%: %$1794.00%%$1784.00%%$1784.00% %L064% %NY Engelhrd fab% %$1967.25%%$1917.80%%$1917.80% %L030% %NY Merc% %$1831.10%%$1815.50%%$1815.15% %L031%%Silver (troy oz):%%%%%%% %L071% %Handy & Har% %$27.435%%$26.405%%$27.405% %L066% %H&H fabricated% %$34.294%%$34.256%%$34.256% %L067% %London AM% %$26.725%%$26.295%%$26.295% %L069% %Engelhard% %$26.850%%$26.600%%$26.600% %L070% %Engelhard fab% %$32.760%%$31.920%%$31.920% %L032%%NY Merc spot% %$27.462%%$27.462%%$27.462% %L033%%Copper (pound):%%%%%%% %L034% %NY Merc spot% %$4.7660%%$4.6190%%$4.6190% %L035%%Aluminum (pound):%%%%%%% %L036% %LME% %$1.1233%%$0.9915%%$0.9915% %L037%%Platinum (troy oz):%%%%%%% %L072% %Handy & Har% %$1244.00%%$1232.00%%$1232.00% %L038% %NY Merc spot% %$1254.50%%$1257.60%%$1257.60% %L039%%Palladium (troy oz):%%%%%%% %L040% %NY Merc spot% %$2929.10%%$2951.40%%$2951.40% %L041%%Cash Prices:%%%%%%% %L042%%Lead (metric ton)%%$2177.00%%$2186.00%%$2186.00% %L046%%Zinc, HG (pound)% %$1.3244%%$1.3396%%$1.3396 %L047%%Gold Coins:%%%%%%% %L048% %U.S. Eagle 1 oz% %$1681.97%%$1660.54%%1660.54% %L049% %Austrla. Kangaroo 1 oz%%%%%%% %L050% %% %$1681.97%%$1660.54%%1660.54% %L051% %Krugerrand 1 oz% %$1861.26%%$1837.55%%1837.55% %L052% %Certificates of Deposit Retail%:%%%%%%% %L053% %90 days% %0.05%%0.05%%0.05% %L054% %180 days% %0.09%%0.09%%0.09% The Associated Press
Top U.S. mall owner Simon Property Group Inc and Authentic Brands Group LLC have agreed to buy Eddie Bauer, adding the outdoor gear and apparel retailer to a brand marquee housing Aéropostale, Forever 21 and Brooks Brothers. Authentic and SPARC Group LLC, a venture backed by brand manager Authentic and Simon, are buying Eddie Bauer from a unit of Golden Gate Capital 12 years after the private equity firm acquired the outdoor lifestyle gear maker out of bankruptcy.
Nobody saw this coming a year ago, when coronavirus shutdowns caused an abrupt recession: A shortage of workers and goods is now holding back the economy.Economists expected employers to create around 1 million new jobs in April, and the unemployment rate to drop. But they added just 266,000 jobs, and the unemployment rate rose. A big part of the explanation: widespread shortages—including workers—that have cut into production.
With COVID-19 vaccines plentiful but vaccinations slowing, Miami-Dade County’s government has gone hunting for young people procrastinating on taking a shot.
The former president faced investigation over a payment made to adult film star Stormy Daniels.
CALGARY — TC Energy Corp. is reporting a first-quarter net loss of $1.1 billion after taking a $2.2-billion after-tax asset impairment charge on its cancelled Keystone XL export oil pipeline. The charge is net of expected cash recoveries from contracted shippers and a sale of recoverable pipeline assets, but will eventually be further reduced by recoveries from the government of Alberta's investment and loan guarantees for the project, the Calgary-based company said. "On Keystone, we were very disappointed with the decision in January to revoke the presidential permit," said CEO François Poirier on a conference call to discuss first-quarter results on Friday. "As a result of the decision, we subsequently agreed with our partner, the government of Alberta, to formally suspend the project and evaluated our investment for impairment ... These costs will be shared with our partner, thereby reducing our net financial exposure at March 31 to approximately $1 billion." TC Energy said the charge includes impairment of related projects in development such as the Heartland Pipeline, TC Terminals and the Keystone Hardisty Terminal. The Keystone XL expansion to an existing pipeline network would have increased Canadian oil export capacity by up to 830,000 barrels a day. It was suspended after newly elected U.S. President Joe Biden fulfilled a campaign promise to cancel its presidential permit. TC Energy decided to start construction of Keystone XL in March 2020 after the Alberta government agreed to take a $1.5 billion equity stake and provide a $6 billion loan guarantee to ensure work started immediately. In recent quarterly results reports, shippers including Cenovus Energy Inc., Suncor Energy Inc. and Imperial Oil Ltd. have reported writedowns on earnings related to their commitments to Keystone XL. TC Energy's impairment charge was reduced by about $700 million in expected recoveries from shippers and a couple of hundred million dollars expected from sale of Keystone XL assets, said chief financial officer Don Marchant on the call, adding project wind-down costs are about $500 million. Poirier welcomed as "a step in the right direction" the recent commitment by the Canadian government to offer tax incentives to encourage carbon capture usage and storage programs. "The energy mix of the future will evolve with renewables, for example, making up a greater portion of the fuel mix," he said. "Our goal is to build on our long history of success and be agnostic to which form of energy will ultimately lead to a lower-carbon energy future." TC Energy recently launched a call for proposals to supply 620 megawatts of wind power to meet the electricity needs for a portion of its U.S. pipeline assets along its U.S. corridor. It plans to launch a process to line up solar power suppliers as well later this month, said Corey Hessen, president of power and storage. In its quarterly report, TC Energy said comparable earnings without the Keystone XL writedown were $1.108 billion or $1.16 per share, down from $1.109 billion or $1.18 per share in the year-earlier period. It says revenue was $3.38 billion, down from $3.42 billion in the first quarter of 2020. This report by The Canadian Press was first published May 7, 2021. Companies in this story: (TSX:TRP) Dan Healing, The Canadian Press
"I'm going to have to start searching for the open game of Jumanji in the basement," the country singer-songwriter jokes. "Because I'm like, 'What is going to come next?'"
This frock is 'flattering in all the right places.'
The pandemic has just pushed edtech mainstream, but language-learning startup Duolingo had already spent the past decade figuring out how to build a successful edtech app. In our latest installment of the EC-1 series, Natasha Mascarenhas goes deep with the company to understand how it found product-market fit, then figured out how to grow like a consumer tech startup and monetize like a SaaS startup. After a record 2020, the Pittsburgh-based company also opened up about its plans for the future, including a focus on speaking a new language (in addition to listening, reading and writing).