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Teck Resources board rejects latest Glencore takeover bid, updates own proposal

Published Mon, 25 Nov 2024 04:06:30 GMT

VANCOUVER — Teck Resources Ltd.’s board of directors has rejected the latest takeover offer from Swiss company Glencore as it updates the terms of its own restructuring proposal. The Canadian mining company said Thursday the revised offer from the mining giant is not in the best interest of shareholders.Teck said its board and management team remain committed to its plan announced in February to split up its metal and steelmaking coal businesses into two companies, Teck Metals and Elk Valley Resources. The company updated the proposal Thursday to allow for an earlier split of the two companies, and to cap the spending of its spun-off coal division to maximize free cash flow.Glencore revised its unsolicited offer for Teck earlier this week to include an US$8.2-billion cash component. The proposal would see Teck shareholders receive 24 per cent of the combined metals company and cash. Teck called the Glencore offer “opportunistic and unrealistic.”Teck board chair She...

Cyberattack knocks out website and mobile app for Quebec’s hydro utility

Published Mon, 25 Nov 2024 04:06:30 GMT

MONTREAL — Quebec’s power utility says its website and mobile application have been knocked offline by a cyberattack.Hydro-Québec says it was targeted at around 3 a.m. by a denial-of-service assault — when attackers flood an internet server with traffic and overwhelm it. The utility says the attack has shut down its website and cellphone application but says its critical systems are not affected. Hydro also says there was no data breach and personal data was not compromised.In recent days, Canadian websites have been targeted by cyberattacks with pro-Russian groups claiming responsibility.Targets included websites for Prime Minister Justin Trudeau, the Port of Québec and Laurentian Bank.As of 10:30 a.m. neither Hydro-Québec’s website nor its mobile app were operational. This report by The Canadian Press was first published April 13, 2023.The Canadian Press

Jonathan Toews' time with the Blackhawks is done

Published Mon, 25 Nov 2024 04:06:30 GMT

CHICAGO - A memorable and historic run for one of the best players in Blackhawks' history has come to an end with the franchise.On Thursday morning, the team announced that they will not be re-signing captain Jonathan Toews this offseason as his contract expires. The Blackhawks face the Flyers in their 2022-2023 regular season finale on Thursday at the United Center. "I've had a number of conversations with Jonathan throughout the season about his future with the Blackhawks, and recently, we had the difficult conversation that we won't be resigning him this offseason," said general manager Kyle Davidson in a statement on Thursday morning. "Tonight will be his final game as a Blackhawk, and it was very important to us to provide the proper send off to Jonathan and our fans."He has done so much for our organization, and no matter where he plays next, we're excited our fans get the chance to show Jonathan exactly how much he means to them." Jonathan Toews discusses his future as he r...

Missing 65-year-old man safely located in Skokie

Published Mon, 25 Nov 2024 04:06:30 GMT

SKOKIE, Ill. — A man was safely located after he was reported missing in Skokie Wednesday.

Dean speaks with screenwriter of 'Air'

Published Mon, 25 Nov 2024 04:06:30 GMT

Dean speaks with the screenwriter of 'Air,' where Sonny Vaccaro and Nike pursue basketball rookie Michael Jordan, creating a partnership that revolutionizes the world of sports and contemporary culture.Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads weekly newsletter. You'll also get his Dean Cooks recipes too!

Dean's Streaming Picks: 'Penguin'

Published Mon, 25 Nov 2024 04:06:30 GMT

Dean Richards shares his picks for new streaming offers this week.Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads weekly newsletter. You'll also get his Dean Cooks recipes too!

$2 billion CTA Red and Purple modernization project is underway

Published Mon, 25 Nov 2024 04:06:30 GMT

CHICAGO — Construction crews will descend on the Chicago Transit Authority's (CTA) Red and Purple Line tracks in the city's Uptown and Edgewater neighborhoods later this year.They will be working to remove "nearly all of the century-old embankment structure and walls" between W. Lawrence and W. Ardmore avenues, creating more than one-mile of open space underneath the lines, according to a press release from the CTA. Jonathan Toews’ time with the Blackhawks is done The $2.1 billion project is the largest capital improvement project in CTA history, according to the project's website. The work highlighted Thursday is part of phase one, with multiple phases set to take place. Phase one construction is scheduled to run through 2025.CTA leaderships plans to discuss the launch of the modernization project at a Thursday morning press conference.WGN plans to livestream the event in its entirety within this story beginning at approximately 10 a.m.

NOAA issues El Niño watch: Here's where and when we will feel the impact

Published Mon, 25 Nov 2024 04:06:30 GMT

(NEXSTAR) – Move aside La Niña – it's almost time for El Niño to take over.National Oceanic and Atmospheric Administration’s Climate Prediction Center issued an "El Niño watch" Thursday morning, saying the climate pattern is expected to form sooner than previously anticipated. After La Niña ended last month, we entered "ENSO-neutral" conditions, which means neither La Niña nor El Niño is present. Those neutral conditions were expected to end at some point in the summer or early fall. But as of Thursday, it looks as though the timeline has moved up. Forecasters said there is a 62% chance El Niño will take over between May and July. The probability that El Niño will form by fall is even higher, between 80% and 90%. La Niña is officially over, NOAA announces: What does that mean? What would that mean for our weather? We usually feel the strongest effects of El Niño as we get closer to winter. An El Niño fall and winter would be the inverse of what we’ve seen the last ...

Renderings of new Uvalde school include tribute to Robb Elementary victims

Published Mon, 25 Nov 2024 04:06:30 GMT

UVALDE, Texas (KXAN) -- Last month, Uvalde parents and students got to see what the new elementary school replacing Robb Elementary could look like. Renderings of the school include a tribute to the 21 victims who were killed in the mass shooting at Robb Elementary last May. The proposed tribute is a tree, designed with two large branches to represent the teachers and 19 smaller branches to represent the students who lost their lives. Uvalde parents get rendering photos of new school replacing Robb Elementary after mass shooting The renderings and a video that simulates a drone flying above and through the new school were presented at a community meeting Tuesday evening. You can view the full renderings in the file below:VIEW: Uvalde new elementary school renderingsDownloadAt the meeting, the Uvalde Consolidated Independent School District Moving Forward Foundation and Uvalde CISD Community Advisory Committee gave an update on the progress of the new school, includ...

Juror: Texas governor's rush to pardon Daniel Perry a 'travesty'

Published Mon, 25 Nov 2024 04:06:30 GMT

AUSTIN, Texas (AP) — An alternate juror in the trial of a U.S. Army sergeant convicted of murder said Wednesday that Texas Gov. Greg Abbott's rush for a pardon is an “egregious overreach” to wipe aside the jury's unanimous decision over a 2020 shooting during a Black Lives Matter protest. TIMELINE: The latest with the Daniel Perry case In an interview with The Associated Press, Jere Dowell said prosecutors put on a convincing case against Daniel Perry, who was in his car working as a ride-share driver when he shot 28-year-old Garrett Foster, who had been legally carrying an AK-47 while marching with demonstrators through downtown Austin. As an alternate, Dowell did not have a vote in convicting Perry but said she was in the room for deliberations and she agreed with the verdict handed down Friday. “I just think it’s a travesty,” Dowell said of Abbott already seeking a pardon. Abbott calls for pardon of Daniel Perry after guilty murder verdict Her comments are the first time a j...