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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
JetBlue and Spirit Airlines are ending their proposed $3.8 billion combination after a court ruling blocked their merger. JetBlue said Monday that even though both companies still believe in the benefits of a combination, they felt they were unlikely to meet the required closing conditions before the July 24 deadline and mutually agreed that terminating ... Read More »
LeBron’s 40,000-point club won’t see anyone else joining for a long time. Maybe never. Here’s why.
Never say never. There’s a slim chance that someone will one day join LeBron James in the NBA’s 40,000-point club. James crossed the 40,000-point mark on Saturday night, extending the NBA all-time scoring record that he claimed from Kareem Abdul-Jabbar last season. James has already added about 1,700 points of distance between himself and Abdul-Jabbar’s ... Read More »
TC Energy selling Portland Natural Gas Transmission System for US$1.14 billion
CALGARY – TC Energy Corp. and its partner have signed a deal to sell the Portland Natural Gas Transmission System for US$1.14 billion including the assumption of US$250 million in debt. The buyer is BlackRock, through a fund managed by its diversified infrastructure business, and investment funds managed by Morgan Stanley Infrastructure Partners. TC Energy ... Read More »
Apple fined nearly $2 billion by the European Union over music streaming competition
LONDON (AP) – The European Union leveled its first antitrust penalty against Apple on Tuesday, fining the U.S. tech giant nearly $2 billion for breaking the bloc’s competition laws by unfairly favoring its own music streaming service over rivals. Apple banned app developers from “fully informing iOS users about alternative and cheaper music subscription services ... Read More »
In the news today: Toronto Police investigate protest that led to cancelled reception
Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today… Toronto Police reviewing protest that prompted cancellation of PM’s reception Investigators with the Toronto Police are reviewing whether illegal activity occurred during a weekend protest that led to the cancellation of ... Read More »
Saskatchewan residents with low incomes worry about not getting carbon rebate
REGINA – Alan Holman says the carbon rebate he gets four times a year from the federal government is crucial for his household budget. Without the funds, the Saskatoon resident, who is on disability assistance, says he’ll have to scale back on spending for his everyday needs. “It gets plugged in with the rest of ... Read More »
BoC expected to hold interest rates this week as grey cloud hangs over economy
OTTAWA – The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts in the coming months. The central bank is widely expected to continue holding its key interest rate at five per cent on Wednesday, as ... Read More »
Federal byelection being held today in Ontario riding previously held by Erin O’Toole
DURHAM, ONTARIO – A federal byelection is being held today in the Ontario riding of Durham to fill the seat left vacant by former Conservative leader Erin O’Toole. O’Toole served as official Opposition leader from August 2020 until February 2022 and left his seat last spring. He was first elected as a member of Parliament ... Read More »
Monday in Medicine Hat, Mar. 4
Medicine Hat News Missing Brooks man found (update) The RCMP are thanking the public for their help to locate a man last seen in Brooks on Feb. 26. They believe the 49-year-old man was believed to be travelling in the Calgary area and police were concerned about his well-being. On March 6, RCMP announced the ... Read More »
Thai court acquits former PM Yingluck Shinawatra on charges of mishandling government funds
BANGKOK (AP) – A Thai court on Monday acquitted former Prime Minister Yingluck Shinawatra, now living in exile, on charges of mishandling expenditures for a government project in 2013. The action comes shortly after her brother Thaksin Shinawatra, who also previously served as prime minister, was released on parole for corruption-related offenses. Last year, he ... Read More »
Thai court drops case against former PM Yingluck Shinawatra
BANGKOK (AP) – A Thai court on Monday dropped a charge against former Prime Minister Yingluck Shinawatra, now living in exile, for mishandling government project expenditure in 2013. It is the latest favorable ruling in criminal cases hanging over the former leader. The court cleared Yingluck of abuse of power in December last year. The ... Read More »
