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A shareholder vote on Teck's plan is scheduled for April 26. "A vote against the separation is a vote to maintain the status quo at Teck, and there is no path that includes Glencore acquiring Teck," Price said. Teck said its board has rejected the offer as Glencore did not present a coherent plan for its proposed coal company. Analysts had last week seen room for an higher offer from Glencore to sway Teck shareholders in its favour. "This is not just about price," Price said on Monday.

April 10 (Reuters) - Canada's Teck Resources (TECKb.TO) on Monday reinforced its rejection of an unsolicited $22.5 billion bid from Glencore (GLEN.L), calling it "an illusion" and telling shareholders that its proposed restructuring is the only option on the table. "A vote against the separation is a vote to maintain the status quo at Teck, and there is no path that includes Glencore acquiring Teck," Price said. Analysts had last week seen room for an higher offer from Glencore to sway Teck shareholders in its favour. "This is not just about price," Price said on Monday. Price also said that Teck is open to partnering with Glencore and other companies on "the creation of ...joint venture to unlock regional synergies."

☆ Canadian miner Teck Resources pushes for restructuring, says Glencore bid 'flawed'
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +1 min

April 10 (Reuters) - Canada's Teck Resources (TECKb.TO) on Monday doubled down on its push to reject an unsolicited $22.5 billion bid from Glencore Plc (GLEN.L) citing "fundamental flaws" in the offer and urged shareholders to instead vote for a restructuring. The Swiss miner's buyout bid, which was made public last week, includes a plan to simultaneously spin off the thermal and steelmaking coal businesses and rebrand the remaining company as GlenTeck. read moreTeck said its board has rejected the offer as Glencore did not present a coherent plan for its proposed coal company, adding that the deal would expose its shareholders to thermal coal, oil, LNG and related sectors. The company once again said more value could be unlocked through a proposed restructuring in which the Vancouver-based miner would spin off its steelmaking coal unit to focus on copper and other industrial metals. Reporting by Mrinalika Roy in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Jeep unveils 2024 Wrangler SUV in next stage of off-road sales battle with Ford Bronco
▼ + stars: | 2023-04-05 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

The 2024 Jeep Wrangler features an evolutionary exterior design, which is typical for the quintessential SUV, and a redesigned interior that includes additional safety, convenience and tech features such as a 12.3-inch center control screen. In addition to the interior upgrades, the 2024 Wrangler will offer additional off-road features such as larger tires and an 8,000-pound-capacity warn winch. 2024 Jeep Wrangler Rubicon 392 (left) and Wrangler Rubicon X 4xe JeepJeep, specifically with the Wrangler, has long dominated the off-road SUV segment. 2024 Jeep Wrangler interior JeepThe Wrangler 4xe has been the bestselling PHEV in the U.S. for the past two years, according to the company. The 2024 Jeep Wrangler will be available in Sport, Willys, Sahara, High Altitude, Rubicon and Rubicon 392 models.

☆ Buy shares of this off-price retailer helping its customers fight inflation, Loop Capital says
▼ + stars: | 2023-04-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

As macroeconomic uncertainties linger, Loop Capital says investors should consider adding this inflation-fighting retail stock to their portfolios. "We think persistent inflation is tough for Burlington's customers, and the improved values and brands in stores are likely to drive market share gains for the company," she wrote. BURL YTD mountain Burlington shares so far in 2023 So far this year, shares of Burlington Stores have gained 2%. But now, the tides have shifted, with Champine noting particularly strong inventory improvements among ladies apparel and premium brands. "Our March/April checks see mid-tier brands back in stock, robust inventory, and notably better values," she wrote.

☆ Chinese spy balloon gathered intelligence on US military sites- NBC News
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

April 3 (Reuters) - A Chinese balloon that flew across the United States was able to gather intelligence from several U.S. military sites, despite the Biden administration's efforts to prevent it from doing so, NBC News reported on Monday, citing two current senior U.S. officials and one former senior administration official. The balloon, controlled by Beijing, was able to make multiple passes over some of the sites in February, at times flying in a figure-eight formation, NBC cited the officials as saying. "The intelligence China collected was mostly from electronic signals, which can be picked up from weapons systems or include communications from base personnel, rather than images," NBC cited the officials as saying. The balloon, which Beijing denies was a government spy vessel, spent a week flying over the United States and Canada early in February before being shot down off the Atlantic Coast on President Joe Biden's orders. The Chinese balloon incident prompted U.S. Secretary of State Antony Blinken to postpone a planned visit to Beijing and further strained relations between Washington and Beijing.

☆ 151 years before Trump was indicted, Ulysses S. Grant was arrested for speeding on a horse-drawn carriage
▼ + stars: | 2023-03-31 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +4 min

In 1872, President Ulysses S. Grant was arrested for speeding on his horse-drawn carriage in Washington, DC. In 1872, President Ulysses S. Grant was arrested for speeding on his horse-drawn carriage in Washington, DC, which was highlighted by the Washington Post back in 2018 as Trump's legal woes were growing. Grant apparently had a penchant for speeding and a love for fast horses and had more than one run-in with West. West replied, "I want to inform you, Mr. President, that you are violating the law by speeding along this street. "I cautioned you yesterday, Mr. President, about fast driving, and you said, sir, that it would not occur again," West reportedly told Grant.

☆ With ChatGPT hype swirling, UK government urges regulators to come up with rules for A.I.
▼ + stars: | 2023-03-29 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

In the white paper, the Department for Science, Innovation and Technology (DSIT) outlined five principles it wanted companies to follow. Rather than establishing new regulations, the government is calling on regulators to apply existing regulations and inform companies about their obligations under the white paper. "When parliamentary time allows, legislation could be introduced to ensure regulators consider the principles consistently." On Monday, Secretary of State Michelle Donelan visited the offices of AI startup DeepMind in London, a government spokesperson said. Not everyone is convinced by the U.K. government's approach to regulating AI.

☆ I charged a Kia at a Tesla Supercharger and saw how Elon Musk can make EV charging suck less for everybody
▼ + stars: | 2023-03-28 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

I tested out the experience in a Kia Niro EV that Kia lent me. Charging a non-Tesla at a Tesla charging station was notably smooth and convenient. The Kia Niro EV charges at a Tesla Supercharger in Brewster, NY. The Kia Niro EV charges at a Tesla Supercharger in Brewster, NY. The Kia Niro EV charges at an EVgo charging station.

☆ A 26-year-old influencer tried working from Mallorca for a month. She realized she can explore during the day and still keep East Coast hours.
▼ + stars: | 2023-03-23 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Olivia Marcus is over the lack of work-life balance in the US, so she tried working from Spain. Her 9-to-5 on the East Coast is a 3-to-11 gig in Mallorca, giving her all day to explore. While in Mallorca, Marcus continued to work her 9-to-5 job, but on a 3-to-11 schedule. (Mallorca is five hours ahead of the east coast of the United States.) She said working East Coast hours while in Spain was more than doable.

☆ Silk-FAW drops plan to build Italian plant for electric sports cars
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +2 min

The facility was part of a wider plan to invest more than a 1 billion euros ($1.1 billion) to build electric cars in Italy under the Hongqi brand. The document includes acknowledgement by the Emilia-Romagna region of Silk-FAW's decision. Silk-FAW did not respond to a request for comment via the company's website. Two sources close to the matter said Italian prosecutors were investigating the Silk-FAW project. Silk-FAW did not respond to a separate request for comment on the matter via the company's website.

Republican House Speaker Kevin McCarthy has vowed not to allow an increase in the $31.4 trillion legal limit on federal borrowing without an agreement from President Joe Biden's Democrats in Congress to rein in federal spending. Failing to lift the debt ceiling could trigger a default on the federal government's debt that would take a heavy toll on the American and probably world economies. Vought, whose plan also calls for $150 billion in cuts, said Democratic control of the Senate makes limited austerity more politically realistic. Another Budget Committee Republican, Freedom Caucus member Ralph Norman, described in general terms a debt-ceiling playbook, backed by other conservatives, that aligned with Vought's plan. McCarthy spokesman Mark Bednar said federal spending growth was "entirely unsustainable, and House Republicans were elected to bring it to an end."

Newcrest, which was spun out of Newmont in the 1990s, rejected the offer last week as too low. But one of Newmont's largest shareholders told Reuters it would not want the company overpaying for its rival. Palmer said that regardless of the outcome of the Newcrest bid, Newmont will develop its 16 billion pounds of copper reserves. Newmont said attributable gold production for the fourth quarter edged up to 1.63 million ounces from 1.62 million ounces in the comparable period a year ago. For 2023, Newmont has given a production guidance between 5.7 million and 6.3 million ounces of gold and guided for an all-in sustaining cost between $1,150 and $1,250 per ounce.

A judge in Georgia is set to publicly disclose on Thursday portions of a special grand jury's final report on its investigation into possible election interference by former President Donald Trump and his allies. Those sections "are ripe for publication" because they don't identify any witnesses, McBurney said in an order Monday. The full report will include recommendations on whether anyone should face criminal charges related to the 2020 presidential election in Georgia. "Having reviewed the final report, the undersigned concludes that the special purpose grand jury did not exceed the scope of its prescribed mission," McBurney wrote in Monday's order. Georgia was one of several key swing states that narrowly voted for President Joe Biden, then the Democratic nominee, over Trump in the 2020 presidential election.

☆ Japan government has sounded out Amamiya about becoming BOJ governor -Nikkei
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +2 min

The next BOJ chief will face the delicate task of normalising ultra-loose monetary policy, which is drawing increasing public criticism for distorting market function. A career central banker who has drafted many of the BOJ's monetary easing tools, Amamiya has been seen by markets as a top contender to take over as next governor. The Nikkei report did not say whether Amamiya accepted the offer. The prime minister's office and the BOJ were not immediately available to comment on the Nikkei report outside of regular office hours. Amamiya and Masazumi Wakatabe are currently serving as deputy governors, but their five-year terms end on March 19.

☆ A rift has opened between Kevin McCarthy and MTG over her claim Capitol rioter Ashli Babbitt was murdered by police
▼ + stars: | 2023-02-03 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Kevin McCarthy broke with Marjorie Taylor Greene's position on the death of Ashli Babbitt. After Greene claimed Capitol rioter Babbitt was "murdered" on January 6, McCarthy disagreed. But she went on to make a direct comparison to Babbitt's death, saying: "There's a woman in this room whose daughter was murdered on January 6, Ashli Babbitt. The Department of Justice closed its investigation into Babbitt's death in April 2021, saying there were insufficient evidence to bring criminal charges. Greene was later added to two of the most high-profile committee seats: the House Homeland Security Committee and the House Oversight Committee.

☆ Rep. Michael McCaul on Air Force general's prediction of war with China: 'I hope he's wrong... I think he's right'
▼ + stars: | 2023-01-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +2 min

A top congressional Republican on Sunday said he agrees with a memo by a four-star Air Force general that predicts the U.S. will be at war with China in two years. In the memo sent Friday and obtained by NBC News, Gen. Mike Minihan, head of Air Mobility Command, wrote, “I hope I am wrong. McCaul also accused the Biden administration of “projecting weakness” on the world stage and argued that there are “very high” odds of war with China because of it." The Air Mobility Command has nearly 50,000 service members and nearly 500 planes and is responsible for transport and refueling. The signed memo was addressed to all air wing commanders in Air Mobility Command and other Air Force operational commanders.

☆ Officer accused in fatal beating of Tyre Nichols allegedly assaulted prison inmate, 2016 lawsuit says
▼ + stars: | 2023-01-25 | by ( Tim Stelloh | Doha Madani | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

One of five former Memphis, Tennessee, police officers accused of fatally beating 29-year-old Tyre Nichols during a traffic stop this month was accused in 2016 of participating in a prison assault that left an inmate unconscious, according to a federal civil rights complaint. The officers accused him of flushing “contraband” after they saw smoke in the area where he was, according to the suit. Sledge accused Haley and another officer of punching him in the face, according to the suit. The Shelby County Division of Corrections did not respond to a request for comment Tuesday night. The Shelby County medical examiner's office has not released an official cause of death.

☆ Russian athletes could participate in Asian competitions - IOC
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Jan 25 (Reuters) - Russian and Belarusian athletes could participate in Asian events with the International Olympic Committee looking at options for their return to international competitions. The IOC said on Wednesday the Olympic Council of Asia had offered Russian and Belarusian athletes the chance to compete in Asia. The IOC said in a statement it "welcomed and appreciated the offer from the Olympic Council of Asia to give these (Russian and Belarusian) athletes access to Asian competitions". That could potentially also include Olympic qualifying events, with Russian and Belarusian athletes unable to compete in Europe due to various restrictions and bans as well as opposition caused by Russia's invasion of Ukraine. The IOC had recommended that events in Russia be cancelled or relocated and that Russian and Belarusian athletes not take part or compete under a neutral flag.

☆ The Supreme Court's investigation raises questions about the justices' determination to find the abortion draft leaker
▼ + stars: | 2023-01-20 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +6 min

The Supreme Court could not determine who leaked a draft abortion ruling last May. Yet the 20-page report has raised concerns about the rigor of the court's investigation. "During the course of the investigation, I spoke with each of the Justices, several on multiple occasions," Supreme Court Marshal Gail Curley, who conducted the investigation, said in a statement. An executive-branch investigation may have led to the justices speaking under oath, a line the Supreme Court marshal did not cross, according to her statement. The Supreme Court's marshal did not note any new leads in her report.

☆ I'm the VP of admissions at a small liberal-arts college. Early decision favors the wealthy — here's one way to fix it.
▼ + stars: | 2023-01-18 | by ( Jenny Powers | ) www.businessinsider.com time to read: +7 min

Adam Miller is the interim vice president for admissions and financial aid at Whitman College. I served as the director of admissions at Whitman College for nearly 10 years, and this year, I've shifted gears and am now the school's interim vice president for admissions and financial aid. They may also not reflect changes in a college's financial-aid policies or the total cost of attendance, which can be updated yearly. The offering has since developed into our early financial-aid guarantee, which, like our original estimator, doesn't require you to apply to Whitman. Last year, 301 people applied for the early financial-aid guarantee, and 237 of them wound up applying to Whitman — 63 applied early decision.

☆ Black Lives Matter co-founder’s cousin dies after being blasted with a Taser by L.A. police
▼ + stars: | 2023-01-12 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +5 min

The incident happened on Jan. 3 and involved Los Angeles resident Keenan Darnell Anderson, the cousin of Black Lives Matter co-founder Patrisse Cullors. The body-camera video shows Anderson in the middle of the street. The officer tells Anderson to "get off to the side," the video shows. Anderson tells the officer that he lost his key and had someone fix his car. The body-camera video shows Anderson lying on his back in the middle of the street in front of a car.

☆ US-trained Afghan commandos are fighting in Ukraine. Some are there for the pay. Others are there for revenge.
▼ + stars: | 2023-01-04 | by ( Antonio Giustozzi | World Politics Review | ) www.businessinsider.com time to read: +9 min

Afghan commandos who fled the Taliban are being recruited to fight alongside Russia in Ukraine. Former Afghan commandos in Iran that I spoke to largely confirm the rumors, though I found less evidence to support the claim of Wagner's role. After the Taliban takeover, only about 1,000 Afghan commandos were evacuated to the US, while a few others made it to Europe and Turkey. Afghan special forces in Kunduz City. A US Special Forces soldier patrols with Afghan Commandos.

☆ Twitter has given new square business badges to some of its staff, news outlets, and a close friend of Elon Musk — but not Musk himself
▼ + stars: | 2022-12-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter introduced a new square badge to show where company verified accounts are employed. At least 10 Twitter staff have the new badge, but Elon Musk doesn't. Musk himself, however, has not got a square badge, despite owning the company and spearheading the verification changes. Musk retweeted the official announcement for the feature, but is yet to address the poll which saw Twitter users vote for him to step down as CEO. The news outlet Bloomberg also has access to the square badge, which is currently being used for different sections of the outlet's coverage, but not individual journalists.

☆ A Space Force director was investigated for wearing a chartreuse mankini around colleagues and keeping a case of sex toys in the office — and kept his job, report says
▼ + stars: | 2022-12-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Air Force Times reported Andrew Cox kept his job, despite unprofessional behavior and misconduct. Cox reportedly wore a chartreuse mankini over his clothes in the office and kept sex toys at work. "It was chartreuse green, and he brought it out into the main area," Air Force Times reported one person familiar with the matter said of Cox's revealing bathing suit, popularized by the 2006 film "Borat." "Mr. Cox remains the director of the Space Warfighting Analysis Center," Air Force Times reported Air Force spokesperson Ann Stefanek said Friday. Representatives for the Air Force and Space Force did not immediately respond to Insider's requests for comment.

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