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BHP trying to acquire Anglo American, threatening Teck takeover - The Globe and Mail Nov 23rd
BHP trying to acquire Anglo American, threatening Teck takeover The Globe and MailBHP BHP Drops Anglo American Tie-Up Plan, Canva’s IPO plans: Australia Briefing Bloomberg.comMining giant BHP makes renewed takeover bid for rival Anglo American, source says CNBCBHP .... More »
Sherritt seeks extension on $720-million in debt to weather downturn + MORE May 31st
Company says a three-year delay would treat all noteholders fairly and provide greater financial stability as it weathers a period of weak commodity prices
.... More »
Australia's ruling party to choose new prime minister - CBC.ca + MORE Aug 24th
CBC.caAustralia's ruling party to choose new prime ministerCBC.caAustralia appears set to get its sixth change of prime minister in 11 years, in a ballot of government lawmakers which would continue an era of extraordinary political instability. Foreign Minister Julie Bishop is among the favour.... More »
Former CP head Harrison on track for CSX leadership, sources say + MORE Jan 23rd
Hard-nosed operator known for squeezing assets, slashing costs and boosting stock prices is reportedly eyeing the soon-to-be vacant position, and analysts say there’s no other obvious choice
.... More »
CPPIB shakes up executive team as succession planning continues + MORE Jul 5th
Changes to investment board’s executive team are slowly being rolled out by CEO Mark Machin
.... More »
VW faces daunting financial and technical challenges in fixing software that cheated tests
– canadianbusiness.com
DETROIT – Volkswagen faces daunting challenges in fixing software that enables cheating on diesel engine emissions tests, a task that’s becoming more urgent because of growing anger from customers.
The company has set aside $7.3 billion to pay for the scandal. But experts say it’s likely to cost much more as VW tries to comply with U.S. clean air regulations while appeasing diesel owners who paid extra for the cars, thinking they could help the environment without sacrificing performance.
“We understand that owners of the cars affected by the emissions compliance issues are upset,” VW said on a consumer website launched Sunday. The company asked for patience and said it would address the issue as fast as it can. A spokeswoman wouldn’t comment further.
But experts said VW will have to strike a careful balance to appease government regulators, make customers happy and avoid emptying the company cash box. A cheap remedy of software fixes likely would hurt performance and gas mileage, further antagonizing customers…
The company has set aside $7.3 billion to pay for the scandal. But experts say it’s likely to cost much more as VW tries to comply with U.S. clean air regulations while appeasing diesel owners who paid extra for the cars, thinking they could help the environment without sacrificing performance.
“We understand that owners of the cars affected by the emissions compliance issues are upset,” VW said on a consumer website launched Sunday. The company asked for patience and said it would address the issue as fast as it can. A spokeswoman wouldn’t comment further.
But experts said VW will have to strike a careful balance to appease government regulators, make customers happy and avoid emptying the company cash box. A cheap remedy of software fixes likely would hurt performance and gas mileage, further antagonizing customers…
Billionaire philanthropist-investor Richard Rainwater dies at 71
– canadianbusiness.com
FORT WORTH, Texas – Richard Rainwater, the son of a North Texas grocer who went on to amass a fortune as an investment manager before becoming a billionaire investor and philanthropist in his own right, has died, according to his charitable foundation. He was 71.
A statement issued by the Rainwater Charitable Foundation says Rainwater died Sunday morning at his Fort Worth, Texas, home after a long battle with a rare neurological disease. He had been battling progressive supranuclear palsy since 2009 and had pumped millions into a campaign to find a cure.
The president of Rainwater Inc. also confirmed the death.
Among Rainwater’s career achievements was conducting billionaire investor Sid Bass’ acquisition of a major stake in the Walt Disney Co. and partnering with future President George W. Bush in the 1989 purchase of the Texas Rangers baseball team.
The post Billionaire philanthropist-investor Richard Rainwater dies at 71 appeared first on Canadian Business – Your Source For Business News.
A statement issued by the Rainwater Charitable Foundation says Rainwater died Sunday morning at his Fort Worth, Texas, home after a long battle with a rare neurological disease. He had been battling progressive supranuclear palsy since 2009 and had pumped millions into a campaign to find a cure.
The president of Rainwater Inc. also confirmed the death.
Among Rainwater’s career achievements was conducting billionaire investor Sid Bass’ acquisition of a major stake in the Walt Disney Co. and partnering with future President George W. Bush in the 1989 purchase of the Texas Rangers baseball team.
The post Billionaire philanthropist-investor Richard Rainwater dies at 71 appeared first on Canadian Business – Your Source For Business News.
