Thursday, April 17, 2014

Business

Osisko Mining announces new deal with Yamana Gold and Agnico Eagle

MONTREAL — Osisko Mining Corp. (TSX:OSK) has signed a new friendly deal valued at $3.9 billion that will see the gold miner acquired by Yamana Gold (TSX:YRI) and Agnico Eagle Mines Ltd. (TSX:AEM).
Osisko’s main asset is the Canadian Malartic mine in Quebec.
The offer tops a rival hostile bid by Goldcorp (TSX:G) that was valued at $3.6 billion or $7.65 per share.

Gunmen dig in in eastern Ukraine; govt tanks seen near town controlled by armed insurgents

HORLIVKA, Ukraine — Pro-Russian insurgents dug in Tuesday across eastern Ukraine, fortifying their positions around seized buildings and erecting fresh barricades even as Ukrainian tanks took up positions outside one eastern city now controlled by armed men.

Canucks owners join aboriginal businessman to pitch their own pipeline for BC

VANCOUVER — An aboriginal businessman and former motivational speaker has teamed with the British Columbia billionaires best known for their ownership of the Vancouver Canucks to pitch an alternative to the struggling Northern Gateway pipeline.

Conditions for three more NHL teams in Canada? Eventually, says Conference Board

MONTREAL — The Conference Board of Canada says the economic conditions are favourable enough to have three more National Hockey League franchises in the country within the next 20 years.
The board suggested Monday that in addition to Canada’s seven existing NHL teams, Quebec City and Hamilton, Ont., appear to meet minimum requirements to become home to franchises in the near future.

Canadian consumer confidence index up from year ago, slightly below Q4 reading

WINNIPEG — A new survey says Canadian consumer confidence at the beginning of 2014 was higher than it was one year ago but slightly lower than at the end of 2013.
The Harris/Decima-Investors Group’s overall consumer confidence index for the first quarter of 2014 stood at 81.2.

CBC slashing jobs, budget

TORONTO—The CBC is slashing 657 full-time positions over two years and no longer will pursue broadcast rights to professional sports as it grapples with a budget shortfall it blamed on poor TV ratings, a softened advertising market, and stiff competition from private rival networks.

Goldcorp raises cash and stock bid for Osisko Mining to $3.6 billion

VANCOUVER — Goldcorp Inc. (TSX:G) increased its hostile takeover offer for Osisko Mining Corp. (TSX:OSK) to $3.6 billion in stock and cash on Wednesday in an attempt to topple a rival deal reached last week by Osisko.

Heartbleed bug prompts disabling of federal government public websites

OTTAWA — All federal departments using software vulnerable to the so-called Heartbleed bug have been ordered to immediately disable public websites.
The directive issued late Thursday calls this a precautionary measure until the “appropriate security patches are in place and tested” but did not indicate how many departments are involved.

Kitimat residents to cast ballots on Northern Gateway pipeline project

KITIMAT, B.C. — Residents of Kitimat will cast votes in a local plebiscite Saturday for or against the multibillion-dollar Northern Gateway pipeline.
The District of Kitimat has remained neutral on the $6-billion project, but the vote will decide council’s position.
“We’ll see what the people of Kitimat want,” said Mayor Joanne Monaghan.

Goldcorp raises cash and stock bid for Osisko Mining to $3.6 billion

VANCOUVER — Goldcorp Inc. (TSX:G) increased its hostile takeover offer for Osisko Mining Corp. (TSX:OSK) to $3.6 billion in stock and cash on Wednesday in an attempt to topple a rival deal reached last week by Osisko.

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