Canada's Turquoise Hill Resources Ltd said on Wednesday Rio Tinto will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner's $2.7 billion bid for the company. Rio Tinto in March had proposed to buy out the 49% of Turquoise Hill (TRQ) it does not already own for about $2.7 billion in cash, paving the way for direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia. However, the offer has seen opposition from major Turquoise Hill shareholders, including activist investor Pentwater Capital Management, who said the offer was too low.
A Target earnings miss on inflation pressures sparked a fierce sell-off Wednesday. Here's what that means for the market rally.
The North Carolina General Assembly session started Wednesday, and Speaker Moore said that more money for state employees and teachers is one of the things being considered this year.
MONTREAL, May 18, 2022 (GLOBE NEWSWIRE) -- Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its fiscal year and fourth quarter ended February 28, 2022. Highlights: Sales for the quarter amounted to $124.8 million, an increase of 39.3 million or 46.0% compared to last year.Gross profit for the quarter of $47.7 million, an increase of $24.7 million or 106.8% from the previous year. The gross profit percentage for th
Eva Longoria had all eyes on her as she arrived in a silver sequin gown and platform sandals at the 'Top Gun: Maverick' premiere during Cannes Film Festival.
The move caps a stunning reversal for a firm that lost big on the surge in meme stocks in the early days of the Covid-19 pandemic.
With demand for sound stages at a premium as production companies push out content for new digital platforms, ground was broken Monday on the first phase of Sylmar Studios, a 300,000-square-foot, 12-stage facility that's expected to open next year.
The Hilary Duff x Carter's limited-edition capsule collection will include apparel and accessories for babies and a few surprises for moms.
Burst pipes destroy books at Billings public library
Three Chicago tobacco shops were targeted by smash-and-grab burglars Wednesday morning, Chicago police said.
The driver of a vehicle lost control and crashed on a highway in Las Vegas, Nevada, on May 17.Julio Ortega’s dash camera filmed a video on US 95 in Las Vegas that shows a vehicle steering off its lane and heading directly to the sidewall. The driver then heads back to the main lane before the car turns almost 90 degrees and stops beside the wall.Ortega slowed down to check on the vehicle but the motorist quickly drove off, he wrote on a Facebook comment. Credit: Julio Ortega via Storyful
Tributes have been paid to a ‘tremendous teammate’
JoJo Siwa, Stephen "tWitch" Boss and Matthew Morrison take over the judges' seats for the show's 17th season
Rogers Humane Society hoping to adopt out dogs that survived Avoca fire
Nashville SC was down 2-0 at halftime at Geodis Park, but scored three straight goals to advance to the Round of 16 in the Lamar Hunt U.S. Open Cup.
Who is that?!
Is the fiery John Tortorella the Flyers' fixer? Let's take a look at his candidacy for the head coaching job. By Jordan Hall
The first-term Georgia governor refused Trump’s demand that he help overturn his 2020 election loss, and Trump has tried to end Kemp’s career because of it.
The Global Infrastructure Hub (GI Hub) has announced the formation of a Technical Working Group of global infrastructure, finance, and climate experts to provide strategic advice to the G20 and GI Hub on a forthcoming framework that will offer new recommendations for scaling up private sector investment in sustainable infrastructure.