Gold prices finish higher, but $1,300 remains just out of reach
Gold-miner Newmont announces $10 billion deal for Goldcorp Gold futures finished higher on Monday as weakness in global stocks and the U.S. dollar helped to buoy the yellow metal, but the psychologically important $1,300-an-ounce price remained out of reach. “Clearly, concerns toward the global economy have been fomented [Monday] by the first monthly decline in […]
A half-dozen companies to watch in IPO-land this year
If they do go public, it remains to be seen whether they do so with a splash, or a behind-the-scenes ripple Silicon Valley’s most valuable unicorns are moving toward the public markets this year, despite recent months’ stock market turmoil and the ongoing U.S. government shutdown. Which ones will make a grand entrance, which will […]
Auto show ‘business as usual’ despite boil water advisory
‘Everything is going well’ It’s business as usual at the North American International Auto Show (NAIAS) despite a boil water advisory for downtown Detroit. The Detroit Water and Sewerage Department (DWSD) issued the advisory after a Saturday evening water main break. The pipe is managed by the Great Lakes Water Authority and while no service […]
‘Pain and suffering’: Calgary’s business community fears tax hikes
$300M shortfall has some people wondering if homeowners should pay more A $300-million drop in non-residential property values, mostly in downtown Calgary, has some in the business community suggesting homeowners should pay more to cover the shortfall. It may not be a popular position to take, but even the city’s top bureaucrat suggests it may […]
Coal-fired plants shutting down, despite Trump’s promises
With cheaper natural gas and renewables, aging coal generators too expensive to keep up More U.S. coal-fired power plants were shut in President Donald Trump’s first two years than were retired in the whole of Barack Obama’s first term, despite the Republican administration’s efforts to prop up the industry to keep a campaign promise to […]
Newmont Mining to buy Goldcorp in huge gold merger
Newmont Mining Corp. has signed an agreement to acquire Canadian miner Goldcorp Inc. in a deal it valued at about $10 billion US. The companies announced Monday that Newmont will exchange 0.328 of a share and two cents in cash for each of Goldcorp’s outstanding common shares. The combined company will be called Newmont Goldcorp […]