Sinan Aral, David Austin Professor of Management at the MIT Sloan School of Management and Author of "The Hype Machine," joins Yahoo Finance's Kristin Myers to break down the latest on President Trump's ban from multiple social media platforms.
Sinan Aral, David Austin Professor of Management at the MIT Sloan School of Management and Author of "The Hype Machine," joins Yahoo Finance's Kristin Myers to break down the latest on President Trump's ban from multiple social media platforms.
Collateral Velocity, Inc., closes funding round and partners with PMMC to provide frictionless finance and claim payment certainty to hospitals.
Hendrick Motorsports believes in developing talent within. The Hendrick system makes it a priority to nurture its young talent and incentivize staying with the organization. The formula produced eight different Cup Series crew chiefs the last two decades, including championship-winners Chad Knaus and Alan Gustafson.
R&T Deposit Solutions is pleased to announce the appointment of Michael Sutor as its new Managing Director of National Accounts.
The Goodison club are two points off the Champions League places after beating Southampton.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Reference is made to the stock exchange notice from Thin Film Electronics ASA (the “Company” or “Thin Film” published on 1 March 2021 regarding a contemplated private placement of new shares in the Company (the “Private Placement”). The Company is pleased to announce that the Private Placement has been successfully completed, raising gross proceeds of approximately NOK 57 million through the allocation of 68,922,869 new shares (the "Offer Shares") at a subscription price of NOK 0.82 per New Share (the "Subscription Price"). The Private Placement attracted strong interest from existing shareholders and new institutional investors, both in the Nordics and internationally, and was multiple times covered. The net proceeds from the Private Placement will be used to fund the scale up of the production of the Company’s micro batteries and for general corporate purposes. Completion of the Private Placement is subject to the Offer Shares having been validly issued (by registration of the share capital increase pertaining to the issuance of the Offer Shares in the Norwegian Register of Business Enterprises) and delivered in Euronext VPS. Following completion of the Private Placement, the Company's share capital will be NOK 122,116,721.43 divided into 1,110,152,013 shares, each with a par value of NOK 0.11. Allocation and payment instructions will be communicated to investors on 2 March 2021. The Private Placement will be settled by the Managers on a delivery-versus-payment basis on or about 4 March 2021. Offer Shares allocated in the Private Placement will be settled with existing, unencumbered and already listed shares in the Company, pursuant to a share lending agreement entered into between the Managers, a certain existing shareholder and the Company. The Managers will settle the share loan with new shares issued by the Company, the listing of which will be subject to the publication of a listing prospectus. Thin Film in briefThin Film is energizing innovation with ultrathin, flexible, and safe energy storage solutions for wearable devices, connected sensors, and beyond. Thin Film’s innovative solid-state lithium battery (SSLB) technology is uniquely positioned to enable the production of powerful, lightweight, and cost-effective rechargeable batteries for diverse applications. The company’s state-of-the-art flexible electronics manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of SSLB technology to established and expanding markets. AdvisorsSkandinaviska Enskilda Banken AB (publ) and SpareBank 1 Markets AS (the “Managers”) are acting Joint Lead Managers and Bookrunners in connection with the Private Placement. Advokatfirmaet Ræder AS is acting as the Company's legal advisor. Advokatfirmaet BAHR AS is acting as legal advisor to the Managers. For more information, please contact: Morten Opstad, Chairman of the Board, Thin Film, Telephone: +47 918 67 737 | email@example.comKevin Barber, CEO, Thin Film, Telephone: +1 408 503 7380 | firstname.lastname@example.orgDave Williamson, CFO, Thin Film, Telephone: +1 408 503 7313 | email@example.com Important information: The release is not for publication or distribution, in whole or in part, directly or indirectly, in or into Australia, Canada, Japan, Hong Kong or the United States (including its territories and possessions, any state of the United States and the District of Columbia). This release is an announcement issued pursuant to legal information obligations, and is subject to the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of any offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States. The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Managers are acting for the Company and no one else in connection with the Listing and potential Private Placement in Thin Film, and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Listing and Private Placement and/or any other matter referred to in this release. Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (18,299.62, up 239.36 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 32 cents, or 1.27 per cent, to $25.59 on 22.6 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 64 cents, or 2.52 per cent, to $26.01 on 8.6 million shares. ClearStream Energy Services Inc. (TSX:CSM). Energy. Up 1.5 cents, or 21.43 per cent, to 8.5 cents on 8.1 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Down one cent, or 0.11 per cent, to $9.41 on 7.8 million shares. The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up one cent, or 3.51 per cent, to 29.5 cents on seven million shares. Great-West Lifeco Inc. (TSX:GWO). Financials. Up 71 cents, or 2.18 per cent, to $33.28 on 6.3 million shares. Companies in the news: Air Canada (TSX:AC). Up $1.20, or 4.8 per cent, to $26.30. Air Canada is simplifying its regional operations amid COVID pressures by reaching a deal to make Chorus Aviation Ltd.'s Jazz Aviation subsidiary the exclusive operator of Air Canada Express flights. The change means Air Canada will transfer operation of its 25 Embraer E175 fleet to Jazz from Sky Regional, where they have operated for a decade. Jazz will become sole partner for regional flying for aircraft with at least 70 seats until 2025. It will also remove 19 Dash 8-300s from its fleet this year. Air Canada said it expects to save $400 million over 15 years and avoid an estimated $193 million in future capital expenditures. CAE Inc. (TSX:CAE). Up $4.30, or 12.8 per cent, to $37.98. CAE Inc. announced a deal Monday with U.S. company L3Harris Technologies to buy the company's military training business for US$1.05 billion. The L3Harris military training business includes Link Simulation & Training, Doss Aviation and AMI. CAE said the L3Harris businesses will add experience in the development and delivery of training systems for fighter and bomber aircraft, army rotary-wing platforms, submarines and remotely piloted aircraft. To help pay for the L3Harris deal, CAE will raise C$700 million in an agreement with Caisse de depot et placement du Quebec and GIC Private Ltd., a sovereign wealth fund based in Singapore. This report by The Canadian Press was first published March 1, 2021. The Canadian Press
Novavax (NVAX) is hoping its trial data from the United Kingdom and South Africa can be aggregated and used to apply for an emergency use authorization (EAU) in the U.S. to help expedite the rollout of its COVID-19 vaccine.
Starting in March, the HGreg Group’s 30 North American stores in Canada and the United States, will accept cryptocurrency payments for the purchase of new and pre-owned vehicles.
Artificial intelligence chip designer Wave Computing Inc said on Monday it has emerged from Chapter 11 bankruptcy protection following an auction of the company and will rebrand the firm as MIPS. The company traces its origins back to MIPS Computer Systems Inc, cofounded more than 35 years ago by Stanford University professor John Hennessy, who is now chairman of Alphabet Inc. MIPS was the commercial home of an earlier academic effort to create an architecture for computer processors that remain in wide use today by firms such as Intel Corp's Mobileye self-driving car unit. Wave Computing filed for bankruptcy in April.
Kennedy Wilson, Inc. ("Kennedy Wilson"), a wholly owned subsidiary of global real estate investment company Kennedy-Wilson Holdings, Inc. (NYSE:KW), today announced the pricing of its offering of $100 million aggregate principal amount of 4.75% senior notes due 2029 (the "2029 notes") and $100 million aggregate principal amount of 5.00% senior notes due 2031 (the "2031 notes" and, together with the 2029 notes, the "notes"). The offering size was increased from the previously announced offering size of $150 million aggregate principal amount of notes. The notes will be issued as additional notes under the indentures pursuant to which Kennedy Wilson previously issued $500 million aggregate principal amount of 4.75% senior notes due 2029 and $500 million aggregate principal amount of 5.00% senior notes due 2031 (together, the "initial notes"). Each series of notes will be treated as a single series of securities with its corresponding series of initial notes under the applicable indenture and will have the same CUSIP number as, and be fungible with, the applicable series of the initial notes. Closing of the offering is expected to occur on March 15, 2021. The 2029 notes will be issued at an offering price of 102.250% of their face amount and the 2031 notes will be issued at an offering price of 102.000% of their face amount.
Lord Hague said some business and personal taxes would ‘have to go up’ due to the current economic climate.
The North Central zone, which includes Prince Albert, reported 10 new cases of COVID-19 on Monday. This was among 154 new cases reported in Saskatchewan. Two cases with pending residence information were also assigned to the North Central zone. There were no deaths reported Monday and the number of deaths related to COVID-19 in the province remains 385. North Central 2, which is Prince Albert, has 17 active cases. North Central 1, which includes communities such as Christopher Lake, Candle Lake and Meath Park, has 34 active cases and North Central 3 has 15 active cases. There are currently 151 people in hospital overall in the province. Of the 133 reported as receiving in patient care there are 14 in North Central. Of the 21 people reported as being in intensive care there are now none listed in North Central. The current seven-day average 143, or 11.6 cases per 100,000 population. Of the 28,801reported COVID-19 cases in Saskatchewan, 1,551 are considered active. The recovered number now sits at 26,865after 146 more recoveries were reported. The total number of cases since the beginning of the pandemic is 28,801of those 7,397 cases are from the North area (3,001 North West, 3,247 North Central and 1,149 North East). There were 356 doses of COVID-19 vaccine administered yesterday in Saskatchewan bringing the total number of vaccines administered in the province to 79,289. There were 232 doses administered in the North Central zone yesterday. The other zone where vaccines were administered was the North West. On Feb. 24 an additional 91 doses were administered in the South East zone, an additional 515 doses were administered in the South West zone, an additional 81 doses were administered in the Central West zone and an additional 10 doses were administered in the Far North West zone. Data has been updated to include an additional 677 doses administered in the Far North East, North West, Central East and South East zones from Feb. 25 to 27. There were 1,741COVID-19 tests processed in Saskatchewan on Feb. 25. As of today there have been 578,066 COVID-19 tests performed in Saskatchewan. Roy Romanow Laboratory valid for testing for variants The province also announced that the Roy Romanow Provincial Laboratory (RRPL) has completed the validation process in order to support whole genome sequencing. The test determines that a positive COVID-19 case is a variant of concern, as well as what type of variant. Starting immediately, the RRPL has the capacity to test up to 192 samples per week. “In order to monitor for variants of concern, the RRPL will continue to focus whole genome sequencing testing on COVID positive results linked to international travel, declared outbreaks and cases of unexpected severe illness, as well as a random sampling of confirmed cases,” the release stated. The province will continue to send up to 120 samples per week to the National Microbiology Lab in Winnipeg to ensure a larger sample size. Michael Oleksyn, Local Journalism Initiative Reporter, Prince Albert Daily Herald
(Bloomberg) -- Exxon Mobil Corp. appointed climate-minded activist investor Jeff Ubben and former Comcast Corp. executive Michael Angelakis to its board following investor criticism of the oil giant for its environmental record and poor capital allocation over the past decade.The additions bring the number of directors on the board to 13, with seven joining since 2016, Exxon said in a statement. Bloomberg News first reported Ubben was being considered for the role last month. Exxon rose 3.7% for its biggest daily gain in three weeks. The oil explorer has long attracted criticism for its persistent focus on fossil fuels and unwillingness to commit to zero carbon targets but those attacks intensified recently after its financial performance dwindled. Exxon is embroiled in a proxy battle with activist investor Engine No. 1, which has taken the board to task over both its approach to climate change and track record of spending money on projects that yield weak returns.“While ExxonMobil has now conceded the need for board change, what is missing are directors with diverse track records of success in the energy industry who can position the company for success in a changing world,” Engine No. 1 said in a statement. The investor is still moving forward with its proxy contest.D.E Shaw, another Exxon investor that has pushed for changed, welcomed the appointment of the two directors, saying that they would add “significant capital markets and capital allocation experience” while “navigating the transition to a low-carbon future.”The board appointments follow a series of moves by the company to appease shareholders ahead of its annual meeting in May. Exxon announced new emissions targets, increased climate disclosure and cut capital spending by $10 billion a year all the way out to 2025. Last month, the company tapped former Petronas CEO Tan Sri Wan Zulkiflee Wan Ariffin to join the board.Whether those moves will be enough to placate investors remains to be seen. Exxon filed a preliminary proxy today asking shareholders to reject Engine No. 1’s proposals and including several votes covering political contributions, climate reports and appointing an independent chairman. One of the votes led by BNP Paribas Asset Management on climate lobbying was included in the filing after a decision by the U.S. Securities and Exchange Commission left the door open to including it on the agenda.In 2020, the stock lost 41% and the company incurred its first annual loss in at least four decades. Years of elevated spending on new oil and gas operations left it highly exposed to the crude price crash caused by Covid-19. Exxon also recently wrote down $19.3 billion of assets and reduced its reserves by almost a third.“Michael and Jeff’s expertise in capital allocation and strategy development has helped companies navigate complex transitions for the benefit of shareholders and broader stakeholders,” CEO Darren Woods said in a statement. “Their contributions will be valued as Exxon Mobil advances plans to increase shareholder value by responsibly providing needed energy while playing a leadership role in the energy transition.”Ubben founded ValueAct Capital Management two decades ago. He left ValueAct in June to launch Inclusive Capital Partners, which is focused on investing in companies with a social or environmental angle. Ubben resigned from the board of power provider AES Corp., the company said Monday.Angelakis led strategic planning at Comcast and oversaw the company’s “successful transition into media and other technologies,” Exxon said.Click here to see ESG data from Bloomberg Intelligence(Adds Exxon proxy filing in seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The pop star accuses the Ginny and Georgia series of "degrading" women in an angry tweet.
Matthew Modine is pulling off a college admissions scandal in a new trailer for the Netflix documentary Operation Varity Blues (premiering Wednesday, March 17). The Stranger Things actor plays Rick Singer, the man behind the scheme, in the doc, which uses an “innovative combination of interviews and narrative recreations of the FBI’s wiretapped conversations between […]
XHR earnings call for the period ending December 31, 2020.
These days, finding Canadian value stocks are few and far between. This top long-term gold stock, however, is trading at a major bargain. The post Canadian Value Stocks: This Gold Stock Is a Screaming Buy! appeared first on The Motley Fool Canada.
WASHINGTON — President Joe Biden met virtually Monday with Mexican President Andrés Manuel López Obrador — a chance for the pair to talk more fully about migration, confronting the coronavirus and co-operating on economic and national security issues. “This is what I know, the United States and Mexico are stronger when we stand together,” Biden told López Obrador at the outset of the meeting, alluding to past differences between the two countries. “We’re safer when we work together. Whether it’s addressing the challenges of our shared border, or getting this pandemic under control.” Mexico's president had said he intends during the meeting to propose to Biden a new immigrant labour program that could bring 600,000 to 800,000 Mexican and Central American immigrants a year to work legally in the United States. A senior Biden administration official declined to say whether the U.S. president would back or oppose the proposal, saying only that both countries agree on the need to expand legal pathways for migration. The official insisted on anonymity to discuss private conversations. Asked about the Mexican president’s proposal. White House press secretary Jen Psaki said that reinstituting the Bracero program would require action by Congress. The original “Bracero” program allowed Mexicans to work temporarily in the United States to fill labour shortages during World War II and for a couple of decades after the war. López Obrador said the U.S. economy needs Mexican workers because of “their strength, their youth.” On Monday, López Obrador said his new proposal would be a program not only for agriculture workers but for other sectors and professionals. The White House also signalled that Biden was not willing to budge on another López Obrador request — to send U.S. manufactured coronavirus vaccines to his country. Psaki said Biden would not agree to the move, saying the president was first focused on getting Americans vaccinated. A similar posture toward Canada has also proved to be a wrinkle in that relationship. The Biden official said the meeting will help Biden begin to institutionalize the relationship with Mexico, rather than let it be determined by tweets — a preferred form of diplomacy by his predecessor, Donald Trump. The United States shares a trade agreement — most recently updated in 2018 and 2019 — with Mexico and Canada, which are its second- and third-biggest trade partners after China. The trade agreement could complicate López Obrador's efforts to possibly defund and eliminate independent regulatory, watchdog and transparency agencies in Mexico. There are also questions of whether López Obrador will warm to Biden's efforts to address climate change and move to cleaner energy sources. The Mexican president supports a measure to make that country's national grids prioritize power from government plants, many of which burn coal or fuel oil. At Monday's news conference, López Obrador confirmed they would discuss climate change, but he said “Biden is respectful of our sovereignty” because “he doesn’t see Mexico as America’s backyard." The Trump era was defined by the threat of tariffs, crackdowns on migration and his desire to construct a wall on the U.S. southern border, yet Trump appeared to enjoy an amicable relationship with his Mexican counterpart. Mexico paid nothing for Trump’s cherished border wall, despite the U.S. leader’s repeated claims that it would. But López Obrador’s government did send troops to Mexico’s southern border with Guatemala to deal with an unprecedented wave of asylum-seekers bound for the U.S. Mexico hosted about 70,000 people seeking U.S. asylum while they waited for dates in immigration courts, a policy known as Remain in Mexico and officially as Migrant Protection Protocols. The Biden administration immediately began to unwind Remain in Mexico, suspending it for new arrivals on the president’s first day in office and soon after announcing that an estimated 26,000 people with still-active cases could be released in the United States while their cases played out. But Biden, through the U.S. Centers for Disease Control and Prevention, has kept extraordinary pandemic-related powers in place to immediately expel anyone arriving at the U.S. border from Mexico without an opportunity to seek asylum. Mexicans and many Central Americans are typically returned to Mexico in less than two hours under Title 42 authority — so named for a section of a 1944 public health law. Biden aides have signalled they have no immediate plans to lift it. Yet Biden has also shown an openness to immigrants who previously came to the country illegally. He is backing a bill to give legal status and a path to citizenship to all of the estimated 11 million people in the country who don’t have it. Biden also broke with Trump by supporting efforts to allow hundreds of thousands of people who came to the U.S. illegally as young children to remain in the country. López Obrador said Saturday that an aging United States will also need temporary immigrant workers from Mexico to sustain economic growth. He said he plans to tell Biden, “It is better that we start putting order on migratory flows." But pressures are building at the U.S. southern border with an increase in children crossing into the country without visas. This has created a challenge for the Biden administration. Border Patrol agents are apprehending an average of more than 200 children crossing the border without a parent per day, but nearly all 7,100 beds for immigrant children maintained by the Department of Health and Human Services are full. Homeland Security Secretary Alejandro Mayorkas on Monday sought to push back against the notion that the crisis at the border was spinning out of control. “The men and women of the Department of Homeland Security, are working around the clock seven days a week to ensure that we do not have a crisis at the border, that we manage the challenge as acute as the challenge is, and they are not doing that alone,” Mayorkas said. The Biden administration has preserved a policy, imposed at the start of the COVID-19 outbreak, of quickly expelling people captured along the border and has tried to dissuade people from attempting the journey. Mayorkas, who is expected to take part in Monday's bilateral meeting, reiterated the administration's message to migrants that now is not the time to come to the United States. “We are not saying don’t come," Mayorkas said. “We are saying don’t come now." ___ Stevenson reported from Mexico City and Spagat from San Diego. Josh Boak, Mark Stevenson And Elliot Spagat, The Associated Press
Ladies and gentlemen, thank you for standing by, and welcome to the Itau Corpbanca Fourth Quarter 2020 Financial Results Conference Call. Thank you for joining our conference call for our fourth quarter 2020 financial results. This managerial financial model reflects how we measure, analyze and discuss financial results by segregating commercial performance, financial risk management, credit risk management, and cost efficiency.
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