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Glass Lewis recommends shareholders should vote against Teck’s coal business spinoff plan: report

Advisory firm Glass Lewis said Teck Resources Ltd TECK-BT shareholders should vote against Teck’s plan to spin off its coal business, Bloomberg News reported on Saturday.

Glass Lewis and Teck did not immediately respond to requests for comment.

The move follows another influential proxy adviser, Institutional Shareholder Services (ISS), which also advised shareholders to reject Teck’s restructuring plan this week.

Controlling Teck shareholder Keevil will not exercise veto power to block the sale of Teck Metals to foreign buyers

Teck is in the midst of a takeover battle with Swiss miner Glencore PLC GLNCY, which has offered Teck’s shareholders 24%

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3 things the Bank of Canada told us at its press conference

Three observations that shed light on the central bank’s thinking

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Published April 13, 2023 • Last updated 2 days ago • 6 minute read

Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers leave a news conference after announcing an interest rate decision in Ottawa on April 12, 2023.
Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers leave a news conference after announcing an interest rate decision in Ottawa on April 12, 2023. Photo by REUTERS/Blair Gable

Once a quarter, the Bank of Canada simultaneously updates its policy, releases a new quarterly economic outlook and sends the governor and the senior deputy governor

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Zambia sent bondholders debt restructuring proposal, the finance ministry says

By Jorgelina do Rosario, Rodrigo Campos

FILE PHOTO: Zambia’s Finance Minister Situmbeko Musokotwane attends the Annual Meetings of the International Monetary Fund and World Bank in Washington, US, October 15, 2022. REUTERS/James Lawler Duggan/File Photo

WASHINGTON/NEW YORK (Reuters) – Zambia last week gave its bondholders a “concrete proposal” for the restructuring of some $3 billion in eurobonds, the ministry of finance and national planning said on Friday.

“We continue to engage actively with our bondholders and proposals are being exchanged,” the ministry told Reuters in a statement.

The proposal “represents our commitment to finding a resolution that is acceptable to

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Twitter to let users access stocks, crypto via eToro in finance push

Elon Musk told a Morgan Stanley conference last month he wants Twitter to become “the biggest financial institution in the world.”

Budrul Chukrut | Sopa Images | Lightrocket via Getty Images

Twitter will let its users access stocks, cryptocurrencies and other financial assets through a partnership with eToro, a social trading company.

Starting Thursday, a new feature will be rolled out on the Twitter app. It will allow users to view market charts on an expanded range of financial instruments and buy and sell stocks and other assets from eToro, the company told CNBC exclusively.

Currently, it’s already possible to

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This Is The Best Laptop Under $500

Here are five things in tech that happened this week and how they affect your business. Did you miss them?

1 – This guy reviews laptops for a living and he says this is the best laptop under $500

Sean Riley of Laptops magazine just gave his endorsement for the best laptop under $500 bucks. Lenovo’s Duet 5 Chromebook is Sean’s pick for its superior display quality – detachable screen – and extensive 13-hour battery life. The one drawback Sean pointed out is system performance but only in comparison to other laptops on

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Stock Market | FinancialContent Business Page

BWT Alpine F1® Team is pleased to confirm a three-year partnership renewal with Sprinklr (NYSE: CXM) as official partner and Unified-CXM platform provider for the team and the wider Alpine brand.

The team will leverage all four Sprinklr product suites – Sprinklr Service, Sprinklr Insights, Sprinklr Marketing, and Sprinklr Social – as part of its project to maximize engagement with its loyal fans.

Sprinklr’s Unified-CXM platform will help BWT Alpine F1® Team future-proof its marketing, customer service, and engagement strategy to stay competitive and continuously evolve its experience strategy.

David Gendry, VP Marketing and Communications, Alpine:

“At BWT Alpine F1®

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SBA Lifting Moratorium on Licensing Lending Companies

Non-federally chartered banks will soon be able to make Small Business Administration (SBA) loans.

Effective May 12, the agency is lifting the moratorium on licensing new Small Business Lending Companies (SBLCs), adding a new type of lending entity called a Community Advantage SBLC and removing the requirement for a loan authorization in the 7(a) and 504 loan programs, according to a final rule published Wednesday (April 12) in the Federal Register.

The 7(a) loan program provides SBA-guaranteed loans to small businesses.

The number of SBLC licenses has remained unchanged at 14 since 1982, so the only way for a new

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Food storage brand Tupperware warns it could go out of business

Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shops.

In a release dated April 7, the Orlando, Florida-based company announced it was seeking to improve its capital structure in order to “remediate its doubts regarding its ability to continue as a going concern.”

That same day, Tupperware issued a going-concern notice after warning it could be heading for a default if its lenders demand payment to maintain access to the company’s main line of credit.

“If such demand for repayment was to occur, the

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