Converge Technology To Undergo Strategic Review To “Unlock Shareholder Value”
Converge Technology (TSX: CTS) is looking for methods by which it can unlock shareholder value. The firm late last night revealed that it has begun the process of a strategic review as a means of maximizing shareholder value. Converge has formed a special committee to conduct the review process, consisting of three independent directors including […]
Barrick Gold Sees Canaccord Lower Price Target On High CAPEX Spend
Last Friday Barrick Gold Corp. (TSX: ABX) had its investor day with sell-side analysts and investors. Canaccord Genuity has since provided their takeaways, saying the bottom line is that the 5-year plan aligns with their estimates but with a higher CAPEX spend. As a result, Canaccord lowered their 12-month price target on the stock to […]
Gazprom Threatens to Halt Gas Shipments Over Alleged Ukrainian Theft
Russian-owned Gazprom is threatening to axe natural gas shipments through the last remaining pipeline into Europe after accusing Ukraine of siphoning supplies originally intended to Moldova. Gazprom on Tuesday warned it may slash gas deliveries slated for the Sudzha measuring station, in response to allegations that Ukraine is diverting some of the supplies destined to […]
British Columbia To Go After “Unexplained Wealth”
Premier David Eby announced on Sunday a series of action plans the provincial government aims to take in making British Columbians safe, including a proposed legislation to go after assets “of high-level organized criminals who profit on misery.” In the Safer Communities Action Plan, Eby outlined steps that hope to “strengthen enforcement to keep those […]
DraftKings Hacker Estimated To Have Cashed Out $300,000 In Customer Funds
The sports betting platform offered a theory on how the hack could have been executed, but maintained systems were not breached. DraftKings Inc. (Nasdaq: DKNG) announced on Monday that it has been made aware of the “irregularity” in some of its customers’ accounts–a summary of the hack into personal information that allowed the perpetrator to […]
Key Apple Executive Phil Schiller Deletes Twitter Account, Signaling More Trouble For The Platform
Apple (NASDAQ: AAPL) executive Phil Schiller deleted his account on Twitter over the weekend, adding to concerns over the future of the platform following Elon Musk’s takeover less than a month ago. Schiller is one of Apple’s key executives. Previously the senior vice president of worldwide marketing, he is currently an Apple Fellow, tasked to […]
Mobile Gaming Is The Future — With Vijai Karthigesu of Swarmio Media
Joining us on the Daily Dive today is Vijai Karthigesu, Founder & CEO of Swarmio Media (CSE: SWRM). Vijai returns to the Dive to discuss mobile gaming as the future of gaming globally, and what Swarmio has been doing to leverage its position in this space. Also discussed is recent major investments in the space, […]
BP’s Dutch Employees go on Strike Just as Refinery Prepares to Boost Production
Oil company BP was slated to resume production at its European facility in the Netherlands following a technical setback last week, but it appears that unionized workers are not willing to resolve the issue. Employees at BP’s Rotterdam refinery are not cooperating with restarting production, after their Dutch unions initiated a work-to-rule action. Parts of […]
Delinquency Rates Are Surging: Even Real Estate Agents Can’t Afford To Pay Rent
Small business owners in the United States are feeling the pain of rising prices. A poll saw a record surge in rent delinquency rate for this segment in October. 37% of small businesses were unable to pay their rent in full last month, coming from 30% in September, according to an Alignable poll that surveyed […]
Canadian Renters Paid 12% More to Keep a Roof Over Their Head in October
Renters across Canada continued to pay substantially more to keep a roof over their head last month, as prices jumped almost 12% from one year ago. The latest monthly report from Rentals.ca showed that rent prices for all property types rose 11.8% to an average of $1,976 in October. Landlords charged an average of $209 […]