Two dead in Elmore, VT
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Two dead in Elmore, VT
TORONTO — The Canadian Bankers Association has named Anthony Ostler as its new president and chief executive. He will step into the role at the end of February, replacing Neil Parmenter who resigned on Dec. 23, 2021. The banking industry lobby group says Ostler most recently worked as head of stakeholder engagement in global marketing at State Street in Boston. Prior to working at State Street, Ostler held roles at Manulife, Canaccord and RBC according to his LinkedIn profile. The Canadian Banke
(Reuters) -Abbott Laboratories on Wednesday beat quarterly profit and sales estimates, aided by robust sales of COVID-19 test kits and strong demand for its diagnostics products, but forecast lower-than-expected COVID-19 testing sales in 2022 due to uncertainties around the future of the pandemic. Abbott said it expects $2.5 billion in sales of COVID-19 test kits in the early part of this year. The company will update its test kit estimates on a quarterly basis.
WASHINGTON (AP) — President Joe Biden pledged last week to chat more with everyday Americans and took an initial step Tuesday afternoon by visiting a gift shop and ice cream store in Washington's Capitol Hill neighborhood. Biden went shopping at Honey Made, a boutique that opened up last year amid the pandemic. The president perused the store, choosing a hoodie for his grandson and a necklace for his wife, Jill. He then picked up a mug with a picture of Vice President Kamala Harris on it. “I'll
Deutsche Bank delivered its most profitable year in a decade on the back of a dealmaking bonanza, strengthening Chief Executive Christian Sewing's hand as he fine tunes a new strategy and targets for the years ahead in March. Analysts had forecast a fourth quarter loss and shares in Germany's largest bank rose by more than 5% after the surprise finale to 2021, which marked the second straight annual profit following years of losses. Deutsche had to pay up to keep its traders and dealmakers on board, however, with compensation at its investment bank soaring 30% in the final quarter.
The Canadian dollar edged higher against the greenback on Tuesday as some of the recent disquiet in financial markets eased a notch and investors prepared for a potential interest rate hike by the Bank of Canada. The loonie was trading 0.2% higher at 1.2615 to the U.S. dollar, or 79.27 U.S. cents, after trading in a range of 1.2598 to 1.2669. On Monday, it touched its weakest intraday level in more than two weeks at 1.2701 amid equity market turbulence.
There are a lot of cheap Canadian stocks out there, but a huge turnaround is likely for these three in 2022 and beyond for long-term investors. The post 3 Cheap Canadian Stocks Bound for Massive Growth in 2022 appeared first on The Motley Fool Canada.
NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce radioactivity results and the completion of the 2021 field programs that focused on exploration and a detailed geotechnical site confirmation program at the Arrow Deposit ("Arrow" or the "Project") at the 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan.
The stock market downturn has reiterated the need to have an all-seasons portfolio. With some risk, you can balance your returns. The post Top 3 Stocks to Build an All-Season Portfolio for Medium-Risk Investors appeared first on The Motley Fool Canada.
TORONTO — Canada's main stock index gave up early gains but still posted a small increase as crude oil prices hit a more than seven-year high and the central bank kept its key interest rate in check. The Bank of Canada kept its key interest rate at 0.25 per cent, but warned higher interest rates are coming to help trim inflation from its hottest pace in three decades. Despite robust growth in the U.S. economy, an uneven global recovery, supply constraints, inflationary pressures, geopolitical te
RENO, Nev. (AP) — The U.S. government plans to capture more wild horses on federal lands this year than ever before, drawing sharp criticism from mustang advocates who hoped the Biden administration would curtail widespread gathers of thousands of horses annually across the American West. Bureau of Land Management Director Tracy Stone-Manning, known as an ally of conservationists on several public land fronts when she was appointed in the fall, says the agency plans to permanently remove at leas
Pfizer is enrolling healthy adults to test a reformulated COVID-19 vaccine that matches the hugely contagious omicron variant, to see how it compares with the original shots. Pfizer and its partner BioNTech announced the study on Tuesday. COVID-19 vaccine-makers have been updating their shots to better match omicron in case global health authorities decide the change is needed. Omicron is more likely than previous variants to cause infection even in people who’ve been vaccinated, but it’s not ye
GM's announcement comes just a day after the company unveiled a $7 billion investment plan in Michigan, mainly toward making full-size electric pickups, intensifying a battle with rival Ford Motor Co for EV supremacy in North America. The automaker, which was dethroned as the U.S. sales leader in 2021 by Japanese rival Toyota Motor Corp, plans to boost its North America EV production capacity to more than a million units by late 2025. It will also have to contend with current EV leader Tesla, which will soon open a second U.S. plant in Austin, Texas, and is on pace to sell more than 1 million electric vehicles globally in 2022.
LACEY TOWNSHIP, N.J. (AP) — For the second time in as many months, the U.S. Nuclear Regulatory Commission has fined the owners of a former New Jersey nuclear power plant for security-related violations. The agency said Wednesday it fined Jupiter, Florida-based Holtec Decommissioning International $50,000 for security violations at the former Oyster Creek nuclear power plant in the Forked River section of Lacey Township. The plant was one of the oldest in the U.S. when it shut down in 2018. The f
The company had earlier encouraged employees to work remotely during the first three weeks of January, after a big spike in COVID-19 cases forced several large U.S. banks to pause return-to-office plans. Like its peers, Bank of America has pushed employees to get fully vaccinated and has hosted on-site vaccine booster clinics for staff across the country. Bank of America is not the only large bank to have asked employees to return to office - in January, rival lender Citigroup also asked employees in the New York City region to return to office in early February.
LONDON (Reuters) -Oil extended gains to seven-year highs above $90 a barrel on Thursday as the Ukraine crisis outweighed signs that the U.S. Federal Reserve will tighten monetary policy. Brent crude futures were up 89 cents, or 1%, at $90.85 a barrel by 1217 GMT. Crude prices had surged on Wednesday, with Brent climbing above $90 a barrel for the first time in seven years amid tensions between Russia and the West.
Bank of America Corp said on Tuesday that it will give around 97% of its employees special compensation awards, most of which will be delivered in restricted stock units, according to an internal memo seen by Reuters. The total value of the awards is around $1 billion, reflecting the 47% increase in Bank of America's stock price last year, bank Chief Executive Brian Moynihan wrote in the note to employees. "For this year, the estimated value of these awards is multiple times higher than the prior cash awards," Moynihan wrote.
Activist hedge fund Macellum Advisors, which wants Kohl's Corp to consider putting itself up for sale, is now pressing the U.S. retailer for at least one board seat and a public statement that the company is reviewing strategic alternatives, according to a letter reviewed by Reuters. Macellum, which owns roughly 5% of Kohl's stock, sent the letter hours after Acacia Research Corp, backed by activist investor Starboard Value, on Monday confirmed an offer to buy the company for $64 a share, valuing Kohl's at roughly $9 billion. In addition to Acacia's bid, Sycamore Partners is also preparing an all-cash offer for Kohl's at $65 per share, sources said on Sunday.
ATHENS, Greece (AP) — Army and municipal crews removed hundreds of vehicles Wednesday that had been stranded in snow for three days along a road linking Athens to the capital’s international airport, as authorities struggled to clear blocked thoroughfares and restore power to blacked out parts of the city. Heavy snowfall has caused major disruptions in Greece and neighboring Turkey, halting flights, blocking highways, and causing power outages. Snow blanketed Athens and much of the country on Mo
BERLIN (AP) — Germany's parliament on Wednesday began a debate on a possible wide-ranging coronavirus vaccine mandate, with three main options on the table so far: obligatory vaccinations for all adults, just for everyone 50 and above, or no mandate at all. German politicians of all stripes long insisted there would be no vaccine mandate. But the tide turned late last year amid frustration that a large number of holdouts was hampering the country's fight against COVID-19. Shortly before becoming
Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to provide a year-end summary of its activities at its flagship Panuco silver-gold property (the "Property" or "Panuco") located in Sinaloa, Mexico and outline the Company's key objectives/milestones for 2022.