Enbridge ‘disappointed’ as environmental review for Line 5 tunnel extended – Business News
Enbridge ‘disappointed’
The Canadian Press – March 23, 2023 / 1:22 pm | Stories: 417614
Photo: The Canadian Press
This photo taken in October 2016 shows an aboveground section of Enbridge’s Line 5 at the Mackinaw City, Mich., pump station. THE CANADIAN PRESS/AP – John Flesher
The timeline of a US review of a proposed Great Lakes tunnel that’s a critical part of Enbridge Inc.’s Line 5 pipeline replacement project has been pushed back by more than a year.
The US Army Corps of Engineers said Thursday it now expects to complete its draft environmental impact statement for Enbridge’s Line…
Scandal-plagued Japan tech giant Toshiba accepts buyout offer – Business News
Photo: The Canadian Press
Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen ($15 billion) tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies.
If the proposal succeeds, it will be a major step in Toshiba’s years long turnaround effort, allowing it to go private and delisted from the Tokyo Stock Exchange. But overseas activist investors own a significant part of Toshiba’s shares, and it’s unclear if they will be happy with the latest bid.
Tokyo-based Toshiba Corp. announced its board accepted the bid at 4,620 yen ($36) a…
Big banks create $30B rescue package for First Republic – Business News
Photo: The Canadian Press
The hours of operation and the FDIC Insured status is on display at the front door of a First Republic Bank in the Financial District of Manhattan, Thursday, March 16, 2023. The S&P 500 was 0.8% higher in midday trading after erasing an earlier loss of nearly that much following reports that First Republic Bank could receive financial assistance or sell itself to another bank. (AP Photo/Mary Altaffer)
Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday, in an effort to prevent the California-based bank…
