Archive For The “Economy” Category

Penn West proposes name change to Obsidian Energy

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Penn West proposes name change to Obsidian Energy

Penn West Petroleum Ltd. wants to change its name to Obsidian Energy Ltd. after surviving an accounting scandal, debt crisis and commodity price crash over the past three years.David French, who took over as CEO of the Calgary oil and gas company in October, says shareholders will be asked to approve the change because the…

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Bedrock moves closer to purchasing Hamilton Stelco plant

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Bedrock moves closer to purchasing Hamilton Stelco plant

Bedrock Industries is another step closer to taking over Stelco.Unionized workers at Lake Erie Works in Nanticoke have announced a tentative agreement with Bedrock, while Hamilton’s local 1005 has what’s called a “framework for agreement.” READ MORE: Stelco may soon be one step closer to emerging from creditor protection The membership for both union locals…

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Seeding of 2017 Saskatchewan crop reaches 60%

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Seeding of 2017 Saskatchewan crop reaches 60%

While farmers are making progress getting the 2017 Saskatchewan crop in the ground, several weeks of warm and dry weather is needed to complete seeding operations.Fields remain wet in northern regions and Saskatchewan Agriculture reported Thursday that an estimated five per cent of acres in the province will not be seeded this year due to…

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More Chibok girls to return in swap deal, says minister

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More Chibok girls to return in swap deal, says minister

Sani told CNN the negotiating team included Swiss intermediaries, Nigerian security forces and a mediator. The newly released girls will join the program. “And I believe very strongly that soon, the remaining girls will be released by the grace of God”. I was in government when this happened.Alhassan, revealed that although the 21 girls freed…

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Cyber attack could spark lawsuits but not against Microsoft

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Cyber attack could spark lawsuits but not against Microsoft

“People simply don’t follow the security best practices”, Upadhyaya told Fox News. “When a design flaw is discovered in a vehicle, manufacturers issue a recall”.As the Guardian notes, the vulnerability does not exist within Microsoft’s Windows 10, “but is present in all versions of Windows prior to that, dating back to Windows XP”.Lawrence Abrams, a…

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UN urges end to mistreatment of Palestinian prisoners

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UN urges end to mistreatment of Palestinian prisoners

For the Palestinians, the right to return to homes they fled or were forced to leave is a prerequisite for any peace agreement with Israel, but it is a demand the Jewish state has rejected.Last week, Vladimir Putin met with his Palestinian counterpart Mahmoud Abbas in Sochi, who once again stated that it is impossible…

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OPEC sees more oil supply outside the group, countering its cuts

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OPEC sees more oil supply outside the group, countering its cuts

The announcement will likely boost to oil prices, which yesterday jumped on reports from the American Petroleum Institute and the Energy Information Administration, which both estimated US crude oil inventories to have fallen by more than 5 million barrels in the week to May 5.U.S. WTI crude CLc1 was up 23 cents, or 0.5 percent,…

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Calgarians encouraged to consider Fort McMurray when looking for work

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Calgarians encouraged to consider Fort McMurray when looking for work

Calgarians are getting a look at job prospects in Fort McMurray this week, at a job fair being held Tuesday and Wednesday at the University of Calgary.Calgary has the highest unemployment rate in Canada, so finding a job has been difficult for many. However, Fort McMurray Tourism, along with several businesses are hoping some of those job-seekers…

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Kicked off flight over birthday cake — Jet Blue passengers

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Kicked off flight over birthday cake — Jet Blue passengers

However, it is disputing the passengers’ account, saying their removal was justified because their “behaviour demonstrated a risk for additional escalation in air”. “All of a sudden this occurred, and my two children are screaming, crying”.”She was pointing to her, ‘Did you tell him he couldn’t put anything in the overhead compartment?’ ” Cameron Burke…

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China-made jet takes off in maiden flight

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China-made jet takes off in maiden flight

In what could be the most significant development in global commercial aviation since the prototype of the first Airbus airliner (the A300) made its maiden flight in late 1972, the Commercial Aircraft Corporation of China’s (Comac’s) C919 single-aisle airliner made its first flight, from Shanghai Pudong International Airport, at 14.00 local time on Friday. By…

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