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Shares in iconic film company Eastman Kodak rose by 117 per cent on Tuesday as the company announced plans to put out a cryptocurrency built on blockchain technology that will help photographers share and licence their work in exchange for payment.
TSX higher on oil price surge, Wall St. hits new record as loonie moves lower
– canadianbusiness.com
TORONTO _ A strong rally in the price of oil helped Canada’s main stock index stay out of the red today, as Wall Street indices hit another all-time high.
The S&P/TSX composite index was up 1.59 points to 16,319.24, with rising energy stocks offsetting losses in the materials sector.
The February crude contract surged US$1.23 to US$62.96 per barrel while the February gold contract fell US$6.70 to US$1,313.70 an ounce.
In New York, the Dow Jones industrial average advanced 102.80 points to 25,385.80. The S&P 500 index added 3.58 points to 2,751.29 and the Nasdaq composite index was up 6.19 points to 7,163.58.
The Canadian dollar closed at an average trading value of 80.30 cents US, down 0.20 of a U.S. cent.
Elsewhere in commodities, the February natural gas contract was up nine cents to US$2.92 per mmBTU and the March copper contract was down a cent at US$3.22 a pound.
The post TSX higher on oil price surge, Wall St. hits new record as loonie moves lower appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index was up 1.59 points to 16,319.24, with rising energy stocks offsetting losses in the materials sector.
The February crude contract surged US$1.23 to US$62.96 per barrel while the February gold contract fell US$6.70 to US$1,313.70 an ounce.
In New York, the Dow Jones industrial average advanced 102.80 points to 25,385.80. The S&P 500 index added 3.58 points to 2,751.29 and the Nasdaq composite index was up 6.19 points to 7,163.58.
The Canadian dollar closed at an average trading value of 80.30 cents US, down 0.20 of a U.S. cent.
Elsewhere in commodities, the February natural gas contract was up nine cents to US$2.92 per mmBTU and the March copper contract was down a cent at US$3.22 a pound.
The post TSX higher on oil price surge, Wall St. hits new record as loonie moves lower appeared first on Canadian Business – Your Source For Business News.
This high-flying stock is a benchmark for the spread of AI
– theglobeandmail.com
Strong growth in AI and video games has formed a significant tailwind for Nvidia profits and stock-price performance has been remarkable
Kodak creating KodakCoin, its own cryptocurrency system
– canadianbusiness.com
NEW YORK _ Kodak, which traces its roots to the early days of film-based photography, is getting into the digital licensing and cryptocurrency market as part of a partnership with WENN Digital.
The companies are launching blockchain technology with KodakOne and KodakCoin. Blockchain is a ledger where transactions of digital currencies, like bitcoin, are recorded.
Rochester, New York-based Kodak, founded in 1880, is the latest company to enter the cryptocurrency market as Bitcoin makes gains. Bitcoin has surged from less than $1,000 a year ago to more than $14,000.
Recently, Long Island Iced Tea Corp. said it plans to change its name to Long Blockchain Corp., as it wants to focus more on blockchain technology, while continuing to make beverages.
The Kodak systems will allow photographers to register work that they can license and then receive payment. The initial coin offering will open Jan. 31.
Shares of Eastman Kodak Co. surged 42 per cent to $4.40 in afternoon trading. The stock has been slumping over the last year, shedding more than 70 per cent of its value…
The companies are launching blockchain technology with KodakOne and KodakCoin. Blockchain is a ledger where transactions of digital currencies, like bitcoin, are recorded.
Rochester, New York-based Kodak, founded in 1880, is the latest company to enter the cryptocurrency market as Bitcoin makes gains. Bitcoin has surged from less than $1,000 a year ago to more than $14,000.
Recently, Long Island Iced Tea Corp. said it plans to change its name to Long Blockchain Corp., as it wants to focus more on blockchain technology, while continuing to make beverages.
The Kodak systems will allow photographers to register work that they can license and then receive payment. The initial coin offering will open Jan. 31.
Shares of Eastman Kodak Co. surged 42 per cent to $4.40 in afternoon trading. The stock has been slumping over the last year, shedding more than 70 per cent of its value…
Blackstone buying Pure Industrial Real Estate Trust for $3.8B including debt
– canadianbusiness.com
VANCOUVER _ New York-based Blackstone Property Partners has signed a deal to acquire Vancouver’s Pure Industrial Real Estate Trust in a deal valued at $3.8 billion including debt.
Under the agreement, Blackstone will pay $8.10 per unit in cash for Pure (TSX:AAR.UN).
The units closed at $6.72 on the Toronto Stock Exchange on Monday.
Pure says the deal has the unanimous support of a special committee, as well as the trust’s full board of trustees.
The deal requires approval by a two-thirds majority vote by unitholders as well as court and regulatory approvals.
Pure owns and operates a portfolio of industrial properties in markets across Canada and in the United States.
The post Blackstone buying Pure Industrial Real Estate Trust for $3.8B including debt appeared first on Canadian Business – Your Source For Business News.
Under the agreement, Blackstone will pay $8.10 per unit in cash for Pure (TSX:AAR.UN).
The units closed at $6.72 on the Toronto Stock Exchange on Monday.
Pure says the deal has the unanimous support of a special committee, as well as the trust’s full board of trustees.
The deal requires approval by a two-thirds majority vote by unitholders as well as court and regulatory approvals.
Pure owns and operates a portfolio of industrial properties in markets across Canada and in the United States.
The post Blackstone buying Pure Industrial Real Estate Trust for $3.8B including debt appeared first on Canadian Business – Your Source For Business News.
