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Tuktoyaktuk opens shelter for residents left without power by storm

National News - 19 min 15 sec ago
TUKTOYAKTUK, N.W.T. - Tuktoyaktuk has opened an emergency shelter for residents who have been left without power by a storm that passed through the community.
Categories: National News

Online campaign for Quebec woman told to remove hijab in court reaches $40,000

National News - 41 min 59 sec ago
A crowdfunding campaign in support of a Quebec woman who was refused her day in court because she was wearing a hijab has raised over $40,000. The campaign was launched on Friday to help Rania El-Alloul buy a car. It's in response to a judge's refusal to hear her case against the Quebec automotive insurance board, which had seized her vehicle. On Tuesday, Quebec Court Judge Eliana Marengo told El-Alloul that her case would not be heard unless she removed her headscarf, saying it wasn't appropriate to wear in her courtroom.
Categories: National News

Berkshire insurance 'superstar' could fill Buffett's shoes

Business News - 46 min 5 sec ago

Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate's insurance businesses. Buffett, the billionaire chief executive officer and chairman of Berkshire, said he would also support Jain if ever he decided to seek Buffett’s post. Speculation has been mounting among Berkshire investors as to who will eventually succeed the 84-year-old Buffett. The field was finally narrowed when, in a letter to shareholders on Saturday, Buffett revealed that he and the board had found his successor, and his second-in-command, Charlie Munger, identified Jain and Greg Abel, the head of Berkshire's energy companies, as front-runners for the top job.


Berkshire insurance 'superstar' could fill Buffett's shoes

National News - 46 min 5 sec ago

Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate's insurance businesses. Buffett, the billionaire chief executive officer and chairman of Berkshire, said he would also support Jain if ever he decided to seek Buffett’s post. Speculation has been mounting among Berkshire investors as to who will eventually succeed the 84-year-old Buffett. The field was finally narrowed when, in a letter to shareholders on Saturday, Buffett revealed that he and the board had found his successor, and his second-in-command, Charlie Munger, identified Jain and Greg Abel, the head of Berkshire's energy companies, as front-runners for the top job.


Categories: National News

Exclusive: NXP nears deal for Freescale Semiconductor - sources

Business News - 1 hour 21 min ago

NXP Semiconductors NV is close to a deal to acquire smaller peer Freescale Semiconductor Ltd in a $40 billion cash and stock merger that will reshape the semiconductor industry, according to two people familiar with the matter. Such a deal would represent the clearest sign yet that semiconductor companies are regaining the confidence required to pursue big mergers at a time when their major clients, such as mobile phone manufacturers, seek to consolidate suppliers. Freescale has little exposure to most segments of the mobile and consumer markets. NXP is finalizing a deal to pay a little over Freescale's $11 billion current market capitalization, the people said.


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