Enbridge, the energy transportation company, has recently announced its agreement to purchase three major U.S. utilities from Dominion Energy for an impressive $14 billion. This strategic move will not only facilitate Enbridge's expansion but also establish it as the largest natural gas utility franchise in North America. Dominion Energy's decision to sell these utilities is a … [Read more...] about Enbridge to Acquire Three U.S. Utilities from Dominion Energy
Hilton Grand Vacations Expects Maui Wildfires to Impact Sales and Earnings
Hilton Grand Vacations, a resort timeshare company based in Orlando, Florida, predicts that the Maui wildfires will have a negative effect on its contract sales and earnings for the remainder of the year. While the company's two Maui properties were not physically damaged by the fires, it anticipates a significant decline in contract sales due to the ongoing fires and limited … [Read more...] about Hilton Grand Vacations Expects Maui Wildfires to Impact Sales and Earnings
Canada’s Trade Deficit Narrows as Exports Recover
In July, Canada's trade deficit with the rest of the world saw a significant reduction due to a recovery in exports and the impact of a strike at marine ports on the country's west coast causing a heavy decline in imports. According to Statistics Canada, the merchandise-trade deficit stood at 987 million Canadian dollars, equivalent to about $723.6 million. This figure defied … [Read more...] about Canada’s Trade Deficit Narrows as Exports Recover
China Bans iPhones for Government Officials, Clouding iPhone 15 Release
The release of the highly anticipated iPhone 15 by Apple has hit a roadblock after China banned the use of iPhones for central government officials at work. This move has raised concerns about the future of Apple and other foreign brands in China. However, analysts at CFRA remain optimistic about the upcoming launch event. Geopolitical Tensions Affect Apple's Business in … [Read more...] about China Bans iPhones for Government Officials, Clouding iPhone 15 Release
WeWork Looks to Renegotiate Leases and Reinvest in Key Properties
WeWork Inc., the office-sharing company that faced a potential financial crisis in August, announced on Wednesday its intentions to renegotiate global leases as part of its efforts to reduce operating costs. In order to achieve this, the company plans to exit "unfit and underperforming locations" while reinvesting in its strongest assets. According to Chief Executive David … [Read more...] about WeWork Looks to Renegotiate Leases and Reinvest in Key Properties
