HIGHLIGHTS: Badin falls just short in state championship
CALGARY — Suncor Energy Inc. says its Commerce City refinery in Colorado is back up and running after an equipment malfunction earlier Monday. Suncor spokeswoman Mita Adesanya said the malfunction caused the safety system within one of the units at the refinery to activate. She said the system worked as designed, shutting down the equipment to prevent any further disruption to operations. Suncor sent out an alert Monday morning warning residents in the area that the temporary shutdown could resu
Large shifts in the composition of the U.S. workforce in the wake of the COVID-19 pandemic have made it harder to measure underlying productivity growth, which some economists put at about 1.0% or less, making the Federal Reserve's fight against inflation more difficult. Unit labor costs - the price of labor per single unit of output - rose at a 10.8% rate.
Northrop Grumman has signed a launch deal with Elon Musk's SpaceX to send three cargo missions to the International Space Station while the company builds an upgraded version of its workhorse Antares rocket, a Northrop spokeswoman said on Monday. The launch agreement with SpaceX coincides with Northrop climbing out of a months-long predicament with its workhorse Antares rocket, whose Russian-made engines were cut off from the United States in March by Moscow in retaliation for Western sanctions over its invasion of Ukraine. "The launches will take place in late 2023 and 2024 from the Kennedy Space Center, Florida in support of the NG-20, -21 and -22 CRS missions," Northrop spokeswoman Ellen Klicka said in an email.
Brazil's Votorantim group and Singapore's Temasek Holdings teamed up to launch a $700 million fund to invest in Brazilian companies, they said in a joint statement on Tuesday. The investment fund, called 23S Capital, will target long-term investments in high-growth sectors of the Brazilian economy, the companies said. "Our investment mandate will focus on high-potential trends in Brazil and globally, with an emphasis on new business models and technology across various sectors of the Brazilian economy," said 23S Capital's chief executive Matheus Villares.
SIGMA Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, TSXV: SGML), dedicated to powering the next generation of electric vehicles with environmentally sustainable and high-purity lithium, reports that it has filed a technical report titled "Grota do Cirilo Lithium Project Araçuaà and Itinga Regions, Minas Gerais, Brazil, Phase 3 Mineral Resource Estimate" (the "Phase 3 Technical Report") supporting its news release dated June 22, 2022, announcing the approximate 50% increas
Northrop Grumman has signed a launch deal with Elon Musk's SpaceX to send three cargo missions to the International Space Station while the company builds an upgraded version of its workhorse Antares rocket, a Northrop spokeswoman said on Monday. The launch agreement with SpaceX coincides with Northrop climbing out of a months-long predicament with its workhorse Antares rocket, whose Russian-made engines were cut off from the United States in March by Moscow in retaliation for Western sanctions over its invasion of Ukraine. "The launches will take place in late 2023 and 2024 from the Kennedy Space Center, Florida in support of the NG-20, -21 and -22 CRS missions," Northrop spokeswoman Ellen Klicka said in an email.
Tactic to lower emissions will reduce yields at a time when food security is a major concern, farmers argue
Nuvei (TSX:NVEI) stock could stage a sharp recovery soon, as it looks way too oversold after Tuesday’s big crash. The post Nuvei Stock Crashed 23% After Q2 Earnings: Why I’d Buy More Today appeared first on The Motley Fool Canada.
WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Monday proposed new rules aimed at preventing conflicts of interest in management and governance of clearing houses. Clearing houses provide essential plumbing for financial markets, ensuring that securities or derivatives trades are completed, even if one side of a transaction goes bust. Under the SEC's proposal, registered clearing houses would be required to disclose more details on board composition, independent directors, and nominating and risk management committees, among other details, the agency said.
(Reuters) -Roblox Corp missed estimates for quarterly bookings on Tuesday, in yet another sign the gaming industry is facing a slowdown after a pandemic-fueled boom, sending shares of the gaming platform down around 19% in extended trading. Roblox's downbeat results come as firms ranging from console makers and chip makers to video game publishers warn of a slowdown in the gaming world as red hot inflation hammers discretionary spending, challenging the idea of a "recession proof" industry. The California-based Roblox, famous for its games "Jailbreak" and "MeepCity", posted net bookings of $639.9 million in the second quarter, compared with $665.5 million a year earlier.
Pfizer Inc on Monday agreed to pay $5.4 billion in cash for sickle cell disease drugmaker Global Blood Therapeutics, as it looks to capitalize on a surge in revenue from its COVID-19 vaccine and treatment. Pfizer will pay $68.50 per GBT share, which represents a 7.3% premium to its Friday closing price and a nearly 43% premium over Thursday's closing price after Bloomberg reported that GBT had attracted takeover interest. The Wall Street Journal reported on Friday that Pfizer was in advanced talks to buy it.
(Reuters) -Australia's Graincorp raised its annual profit forecast for the second time, as the agribusiness firm capitalises on strong demand for grains and vegetable oils amid a supply crunch from the war in Ukraine, pushing its shares up more than 10%. The profit upgrade on Wednesday was also encouraged by expectations of above-average East Coast Australian (ECA) crop in year 2022/23, combined with a favourable three-month rainfall outlook. Global wheat prices reached record levels in early 2022 as major exporter Ukraine's supplies were essentially cut off due to Russia's invasion, triggering a five-fold jump in Graincorp's first-half profit and allowing it to pay a special dividend.
BlackBerry’s improving fundamentals have helped its stock soar lately and outperform the broader market. The post BlackBerry Stock is Rallying! Buy Before It’s Too Late appeared first on The Motley Fool Canada.
The deal marks a continuation of BP's reshaping of its North American oil and gas operations, as it tries to cut its greenhouse gas emissions to appease investors. Cenovus said the Toledo refinery recently completed a major, once in five years turnaround, and the deal will bring company's total refining capacity to 740,000 barrels per day. "Fully owning the Toledo refinery provides a unique opportunity to further integrate our heavy oil production and refining capabilities," Alex Pourbaix, Cenovus's chief executive officer, said in a statement.
The U.S. government on Monday approved the first Boeing 787 Dreamliner for delivery since 2021, clearing the way for American Airlines to take possession, people briefed on the matter told Reuters. American Airlines said it expects to receive its first Boeing 787 delivery of the year as early as Wednesday and that the plane will enter commercial service in the coming weeks. Earlier on Monday, the Federal Aviation Administration (FAA) said it expected Boeing to resume deliveries of its 787 in coming days after the manufacturer made inspection and retrofit changes needed to meet certification standards.
NEW YORK (Reuters) -Oil prices settled slightly lower on Tuesday after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine. Ukraine halted oil flows on the Druzhba oil pipeline to parts of central Europe because Western sanctions had prevented a payment from Moscow for transit fees from going through. Flows along the southern route of the Druzhba pipeline have been affected while the northern route serving Poland and Germany was uninterrupted.
Excluding additional costs of 75 million euros ($76.58 million) for disruptions in air traffic, adjusted operating profit stood at 48 million euros for the three months ended June 30, its first positive result since the COVID-19 crisis started. TUI, which runs tour operators, travel agencies, airlines, hotels and cruise liners in holiday destinations across the world, is bouncing back on demand for so-called 'revenge travel' after the pandemic wrecked havoc on the tourism sector. TUI, one of the world's largest tourism groups, reported a smaller underlying operating loss of 27 million euros for the quarter, compared with a loss of about 670 million euros a year earlier.
Latin American financial start-up Nubank said on Tuesday that Brazilian pop singer Anitta has left its board of directors, some 14 months after joining it, and will now become a global brand ambassador for the digital bank. The fintech, backed by investors such as Warren Buffett's Berkshire Hathaway, said that the singer had requested to leave the board due to her schedule. Born in a Rio de Janeiro slum, Anitta has become one of Brazil's best known pop stars.
BioSteel Sports Nutrition Inc. ("BioSteel") today announced the latest addition to #TeamBioSteel with the signing of Connor Bedard, an elite rising hockey star and top prospect for the 2023 NHL Draft. Bedard intends to promote BioSteel through events, social media, trade marketing, and more as he supports his daily hydration routine with the brand's lineup of zero sugar sports drinks. He will frequently be featured alongside fellow #TeamBioSteel athlete Connor McDavid, who he grew up watching an
BERLIN (AP) — Local officials with German Chancellor Olaf Scholz’s party rejected a bid to expel former Chancellor Gerhard Schroeder over his close ties to Russia, the news agency dpa reported Monday. An arbitration committee of the center-left Social Democrats’ branch in Hannover, where Schroeder lives, considered 17 applications from party members for proceedings against him. Schroeder’s longstanding connections to the Russian energy sector and refusal to distance himself fully from President
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