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Berkshire overpaid for Kraft Heinz: Buffett

February 25, 2019

Warren Buffett said his Berkshire Hathaway Inc overpaid in the 2015 merger that created Kraft Heinz Co, but he had no plans to flee the struggling packaged foods company. Buffett spoke four days after Kraft Heinz took a $15.4 billion

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Garneau warns U.S. steel, aluminum tariffs could trip up USMCA

February 25, 2019

Parliament will struggle to ratify the new North American trade deal if U.S. tariffs on steel and aluminum exports aren’t lifted soon, Canada’s transport minister warned Sunday during a high-profile gathering of American state lawmakers. Marc Garneau said time is

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Barrick offers to buy rival Newmont for $18 billion

February 25, 2019

Barrick Gold Corp offered to buy U.S. rival Newmont Mining Corp for nearly $18 billion in stock on Monday, in a deal that would combine the world’s two largest gold producers. Deal-making in the gold industry is growing after remaining

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GE selling biopharma business to Danaher Corp

February 25, 2019

Shares of General Electric Co surged 11 per cent on Monday after the U.S. industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21 billion, its first major asset sale under new CEO Larry Culp. According

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E+H, Westburne expand partnership operations into Manitoba

February 22, 2019

Endress+Hauser and Westburne have extended the scope of their partnership agreement to include Manitoba. “Manitoba is a welcome addition to our partnership with Westburne as we take another step forward in making advanced manufacturing and automation with enhanced data accessibility

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Barrick Gold considering $19B blockbuster hostile takeover bid

February 22, 2019

Canada’s Barrick Gold Corp is considering a hostile bid for Newmont Mining Corp for about $19 billion in stock, in what would potentially be one of the largest-ever mining deals, according to the Globe and Mail. The Globe also reported

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ISA releases reference guide to proper control valve design

February 21, 2019

The International Society of Automation (ISA) has released the first edition of Fluid Mechanics of Control Valves: How Valves Control Your Process, a practical reference guide to proper control valve design, selection, and operation. “The book is primarily targeted to

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Question remains: will Unifor call a strike at Oshawa GM plant?

February 21, 2019

Jerry Dias, the leader of Canada’s auto union, is unsparing in his rhetorical attacks on General Motors Co’s decision to close its Oshawa, Ont., assembly plant and lay off thousands of union workers by year-end. But, according to Reuters, when

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Price increases for BASF Surface Treatment chemicals announced

February 20, 2019

Driven by continued overall cost increases, particularly in key raw materials, the Surface Treatment global business unit of the Coatings division of BASF, operating under the Chemetall brand, is in the process of increasing prices for the Surface Treatment chemicals

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Report urges a “circular economy” for plastics to reduce waste

February 19, 2019

Chemistry Industry Association of Canada (CIAC) members and those in the plastics value-chain are stepping up to support a circular economy for products like food packaging that enable our modern way of life, says a new report by the CIAC, The Role of