Operations
U.S.-based Devon Energy says it intends to exit Canadian oilsands sector
The most likely purchasers are large Canadian oilsands companies.
Fiat Chrysler profits soar on North American results
North America profits grew by 19 per cent.
GM rebounds with US$8.1B 2018 profit on strong pricing
The profits are being announced as GM lays off thousands of workers.
Husky shares rise and MEG stock plunges after oilsands takeover offer withdrawn [UPDATED]
The company cited production cuts for the oil industry mandated by the Alberta government.
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GM rejects Unifor proposals to keep Oshawa assembly plant open past 2019
“GM today, by reconfirming their decision, has not only picked a fight frankly with Unifor, but they have picked a fight with all of Canada,” said Jerry Dias.
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Bombardier says business jets resistant to diplomatic skirmishes with China, Saudi
Business jets yield fatter margins than commercial planes; the Quebec manufacturer is staking its financial turnaround on the space.
Apple deepens Austin ties, expands operations east and west
There are already 6,000 Apple employees in Austin.
AltaGas slashes dividend, sells remaining stake in BC hydroelectric operation
The company also says it has targeted an additional $1.5 billion to $2 billion in asset sales next year.
CanWEA Operations and Maintenance Summit 2018
January 30th 2019Canadian Wind Energy Association’s (CanWEA) annual summit. Network with wind farm operators, turbine manufacturers and service providers. The event covers the latest in technical innovations, operational strategies and turbine technologies.
Illinois steel company announces US$19.7M move to Indiana
The Indiana Economic Development Corp. offered Alliance Steel more than US$2.7 million in conditional tax credits.
Honeywell moving headquarters, 750 jobs to North Carolina
About 1,000 employees will remain at six Honeywell locations in New Jersey.
United Technologies is breaking into 3 independent companies
The three companies will be United Technologies, which will house its aerospace and defence industry supplier businesses; Otis, the maker of elevators, escalators and moving walkways; and the Carrier air conditioning and building systems business.
Even small companies may be able to cut Amazon like deals
Whether a small business wants to buy or rent, it may have leverage with landlords or local governments to get breaks on rent or taxes.
Ensign moves up Trinidad bid deadline; target prefers Precision Drilling offer
Ensign insists the cash value of its offer of about $470 million now outweighs the all-shares offer by Precision.
Bombardier shares rebound from Friday’s loss by gaining more than 20 per cent
Quebec’s financial market regulator announced Thursday it is reviewing Bombardier’s executive compensation plan.
