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TSX Venture Exchange Stock Maintenance Bulletins

VANCOUVER , March 19, 2020 /CNW/ -

TSX VENTURE COMPANIES

BETTERU EDUCATION CORP. ("BTRU")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: March 19, 2020
TSX Venture Tier 2 Company

Further to the TSX Venture Exchange Bulletin dated October 4, 2019 , the Exchange has been advised that the Cease Trade Order issued by the Ontario Securities Commission dated October 3, 2019 has been revoked.

Effective at the opening, Monday, March 23, 2020 , trading will be reinstated in the securities of the Company.

________________________________________

EUROPEAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST ("ERE.UN")
BULLETIN TYPE:  Notice of Distribution
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 1  Company

The Issuer has declared the following distribution:

Distribution per Unit:  CDN$0.01348 (estimated)
Payable Date:  April 15, 2020
Record Date: March 31, 2020
Ex-distribution Date: March 30, 2020

________________________________________

FINDEV INC. ("FDI")
BULLETIN TYPE:  Declaration of Dividend
BULLETIN DATE:  March 19, 2020
TSX Venture Tier  1 Company

The Issuer has declared the following dividend(s):

Dividend Common Share:  $0.0075
Payable Date: March 14, 2020
Record Date:  March 31, 2020
Ex-dividend Date: March 30, 2020

________________________________________

META GROWTH CORP. ("META") ("META.DB") ("META.WT")
[formerly National Access Cannabis Corp. ("META") ("META.DB") ("META.WT")]
BULLETIN TYPE:  Name Change
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

Pursuant to a resolution passed by shareholders on February 19, 2020 , the Company has changed its name as follows.  There is no consolidation of capital.

Effective at the opening March 23, 2020 , the common shares, debentures and warrants of Meta Growth Corp. will commence trading on TSX Venture Exchange, and the common shares, debentures and warrants of National Access Cannabis Corp. will be delisted.  The Company is classified as an 'Industrial' company.

Capitalization:                                     

Unlimited shares with no par value of which
236,679,686 shares are issued and outstanding

Escrow:    

14,081,286 shares



Transfer Agent:                                      

TSX Trust Company



Common Shares


Trading Symbol:                                   

META                   (NO CHANGE)

CUSIP Number:                                      

59101W 10 3        (new)



Debentures


Trading Symbol:                                     

META.DB             (NO CHANGE)

CUSIP Number:                                      

59101W AA 1       (new)



Warrants


Trading Symbol:                                     

META.WT             (NO CHANGE)

CUSIP Number:                                    

59101W 11 1        (new)

 

________________________________________

NXGOLD LTD. ("NXN")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

Effective at the opening, Monday, March 23, 2020 , the securities of NXGold Ltd. (the "Company") will resume trading, a news release having been issued on March 16 , 2020 announcing that the Company will not be proceeding with its proposed transaction, which was previously announced on December 2, 2019 . The transaction contemplated would have constituted a Change of Business as defined under Exchange Policy 5.2.

_______________________________________

STORAGEVAULT CANADA INC. ("SVI")
BULLETIN TYPE:  Declaration of Dividend
BULLETIN DATE:  March 19, 2020
TSX Venture Tier  2 Company

The Issuer has declared the following dividend:

Dividend per Common Share:  $0.002667
Payable Date:  April 15 , 2020 
Record Date:  March 31, 2020
Payable Date: March 30, 2020                                                                         

________________________________________

VANGOLD MINING CORP. ("VGLD")
[formerly Vangold Mining Corp. ("VAN")]
BULLETIN TYPE:  Symbol Change
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

Effective at the opening Monday, March 23, 2020 , the trading symbol for Vangold Mining Corp. will change from ('VAN') to ('VGLD').  There is no change in the company's name, no change in its CUSIP number and no alteration in the number of shares outstanding. The Company is classified as a 'junior natural resource - mining' company.

________________________________________

THE WESTAIM CORPORATION ("WED.PR.A")
BULLETIN TYPE:  Declaration of Dividend
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 1  Company

The Issuer has declared the following dividend:

Dividend per Preferred Security:  $0.12431694
Payable Date:  April 15, 2020
Record Date:  March 31, 2020
Ex-Dividend Date:  March 30, 2020

________________________________________

NEX COMPANY:

CLUNY CAPITAL CORP. ("CLN.H")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: March 19, 2020
NEX Company

Effective at the opening, Monday, March 23, 2020 , the securities of Cluny Capital Corp. (the "Company") will resume trading.  Further to the Exchange Bulletin dated September 5, 2019 , a news release was issued on March 19, 2020 , announcing that the Company will not be proceeding with its proposed transaction.  The transaction contemplated would have constituted a Qualifying Transaction as defined under Exchange Policy 2.4.

___________________________________________

20/03/19  - TSX Venture Exchange Bulletins

TSX VENTURE COMPANIES

ALTAMIRA GOLD CORP. ("ALTA")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 16, 2020 and February 28, 2020 :

Number of Shares:

29,040,131 shares



Purchase Price:

$0.06 per share



Warrants:

29,040,131 share purchase warrants to purchase 29,040,131 shares



Warrant Exercise Price:

$0.10 for a two year period



Number of Placees:

33 placees

 

Insider / Pro Group Participation:

Name

Insider=Y /
ProGroup=P

# of Shares




Michael Bennett

Y

3,312,931

Alan Carter

Y

1,666,667

 

Finder's Fee:                              


Small Cap Invest Ltd.             

$11,550.00 cash; 192,500 finder's warrants

Paul Bennett                          

$4,654.20 cash; 77,569 finder's warrants

Haywood Securities                

$1,680.00 cash; 28,000 finder's warrants



Finder's Warrant Initial Exercise Price:               

$0.10



Finder's Warrant Term to Expiry:                       

2 years from the closing date

 

Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company has issued a news release announcing the closing of the private placement dated February 28, 2020 for the first tranche of the private placement and March 16, 2020 for the second tranche of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.

________________________________________

ALTIPLANO METALS INC. ("APN")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Mar 02, 2020 :

Number of Shares:                   

8,333,333 shares



Purchase Price:                        

$0.06 per share



Warrants:                               

4,166,666 share purchase warrants to purchase 4,166,666 shares



Warrant Initial Exercise Price:    

$0.10



Warrant Term to Expiry:            

2 Years



Number of Placees:                

35 Placees

 

Insider / Pro Group Participation:

Name 

Insider=Y /
Pro-Group=P  

# of Shares

John Williamson   

Y                                                         

766,000

Justin Bourassa     

70,666

Ewan Webster 

116,667

Brighton Management Inc  

650,00


(Jeremy  Yaseniuk)



1195304 Alberta Ltd.  

333,333

(Sean  Mager)



(John Williamson)



2116907 Alberta Ltd.            

300,000

(justin bourassa)



(sean  mager)



(john Williamson)



Metals group Inc.  

133,333

(john williamson)



1926348 Albe 

200,00

(justin bourasssa)



678119 ab ltd    

650,00

(john williamosn)



 

Finder's Fee:


Mackie Research Capital         

$22,399.99 cash; 373,333 warrants                    



Finder Warrant Initial Exercise Price:                 

$0.10



Finder Warrant Term to Expiry:                          

Identical to Unit warrants

 

Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

The above information is a summary only.  Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document.  Readers should consult the issuer's continuous disclosure record for complete details of the transaction.

________________________________________

CYMAT TECHNOLOGIES LTD. ("CYM")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Mar 13, 2020 :

Number of Shares:                

561,538 shares



Purchase Price:                    

$0.325 per share



Warrants:                               

561,538 share purchase warrants to purchase 561,538 shares



Warrant Initial Exercise Price:   

$0.425



Warrant Term to Expiry:          

2 Years



Number of Placees:                 

2 Placees

 

Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

The above information is a summary only.  Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document.  Readers should consult the issuer's continuous disclosure record for complete details of the transaction.

________________________________________

EURO MANGANESE INC. ("EMN")
BULLETIN TYPE:  Halt
BULLETIN DATE:  March 19, 2020
TSX Venture Tier  1 Company

Effective at 4:47 a.m. PST, March 19, 2020 , trading in the shares of the Company was halted at the request of the Company, pending news; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

FIELDEX EXPLORATION INC. ("FLX")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 2,276,160 common shares at a deemed price of $0.05 per share, in settlement of a debt having a deemed value of $113,808 :

Number of Creditors:

3 Creditors



Non Arm's Length Party / ProGroup Participation:


 

Name

Non Arm's Length Party = NP / ProGroup = P

# of shares

9086-0735 Quebec Inc. (Martin Dallaire)

NP

1,100,000




 

For more information, please refer to the Company's a press release dated March 12, 2020 .

EXPLORATION FIELDEX INC. («FLX»)
TYPE DE BULLETIN:  Émission d'actions en règlement d'une dette
DATE DU BULLETIN: 19 mars 2020
Société du groupe 2 de Bourse de Croissance TSX 

Bourse de Croissance TSX a accepté le dépôt de la documentation de la société en vertu de l'émission proposée de 2 276 160 actions ordinaires à un prix de 0,05 $ par action, en règlement d'un montant de dette total de 113 808 $ :

Nombre de créanciers:

3 créanciers



Participation de personnes ayant un lien de dépendance / Groupe Pro:


 

 

Nom

Personnes ayant un lien de dépendance =
NP / Groupe Pro = P

# d'actions

9086-0735 Québec Inc. (Martin Dallaire)

NP

1 100 000




 

Pour plus d'informations, veuillez-vous référer au communiqué de presse émis par la société le 12 mars 2020.

________________________________________

GOVIEX URANIUM INC. ("GXU")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on February 13, 2020 :

Number of Shares:                   

15,333,334 shares



Purchase Price:        

C$0.15 per share



Warrants:                                 

15,333,334 share purchase warrants ("Warrants") to purchase 15,333,334
shares. The Warrants may be subject to an acceleration clause at the
discretion of the Company if the closing price of the common shares of the
Company is equal to or exceeds $0.40 for 15 consecutive trading days. In the
event of acceleration, the Warrant expiry date shall accelerate to the date,
which is 30 calendar days following the date of the notice issued by the
Company to the warrant holders announcing the reduced warrant terms.



Warrant Exercise Price:             

C$0.20 for a five year period



Number of Placees:                  

3 placees



Insider / Pro Group Participation:  

none





Finder's Fee:                           

Eric Krafft - C$90,000 in cash payments 

 

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued news releases dated February 13, 2020 and March 16, 2020 announcing the closing of the first tranche and the completion of the private placement, and setting out the expiry dates of the hold period(s).

________________________________________

KHIRON LIFE SCIENCES CORP. ("KHRN")
BULLETIN TYPE:  Halt
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2  Company

Effective at 11:29 a.m. PST, March 19, 2020 , trading in the shares of the Company was halted at the request of the Company, pending news; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

KNEAT.COM INC. ("KSI")
BULLETIN TYPE:  Private Placement- Non-Brokered
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on February 26, 2020 and February 27, 2020 :

Number of Shares:                   

871,677 common shares



Purchase Price:                      

$2.10 per share



Number of Placees:                  

14 Placees



Finder's Fee:                         

An aggregate of $109,831.00 and 53,301 finders warrants payable to Numus
Capital Corp. Each finder warrant entitles the holder to acquire one common
share at $2.10 for a 24 month period.

 

Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has issued a new release dated March 12, 2020 , announcing the closing of the private placement and setting out the expiry dates of the hold period(s).

________________________________________

LOOPSHARE LTD. ("LOOP")
BULLETIN TYPE:  Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced Mar 04, 2020 :

Convertible Debenture              

$300,000.00

Initial Conversion Price:            

$0.245 per common share

Term of Maturity:                      

1 Year

Interest Rate:                           

10%

Warrants:                                

600,000 share purchase warrants to purchase 600,000 shares

Initial Exercise Price:               

$0.245

Term to Expiry:                        

1 Year

Number of Placees:                  

1 Placee

 

Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

The above information is a summary only.  Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document.  Readers should consult the issuer's continuous disclosure record for complete details of the transaction.

________________________________________

NEXERA ENERGY INC. ("NGY")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation a purchase agreement (the "Agreement") dated February 3, 2020 between the Company and Advantagewon Oil Corp. ("Vendor"). Under the Agreement, the Company has decided to acquire a variety of assets mainly comprising of 30 oil and gas leases. The total amount of consideration to be paid to the Vendor for the assets is as follows: (i) total cash payments of USD$50,000 and 39,027,000 common shares ("Share consideration") at a deemed price of $0.01 per common share on a pre-consolidation basis. The Share Consideration will be subject to escrow by the Company until December 31, 2020 .

At any time prior to December 31, 2020 , the Company will have the option to purchase the Share Consideration for USD$300,000 in further cash payments. As per the Agreement, should the Company not acquire the Share Consideration; the assets purchased will be subject to the following:

I. 

5% overriding royalty interest on all acquired leases with a net revenue interest of 75% or greater

II.

2% overriding royalty on all acquired with a net revenue interest of 72% up to, but not including, the acquired leases with a net revenue interest of 75%

III.

No overriding royalty shall be assigned to leases with a net revenue interest of less than 72%

 

The overriding royalty interest may be terminated if the Vendor receives an aggregate of USD$400,000 . The Vendor involved in this transaction is considered an Arm's Length party to the Company.

For further details, please see the Company's news release dated February 3, 2020 .

_______________________________________

NORTHERN VERTEX MINING CORP. ("NEE")  ("NEE.DB")
BULLETIN TYPE:  Halt
BULLETIN DATE:  March 19, 2020
TSX Venture Tier  2 Company

Effective at 5:31 a.m. PST, March 19, 2020 , trading in the shares of the Company was halted at the request of the Company, pending news; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

NORTHERN VERTEX MINING CORP. ("NEE")  ("NEE.DB")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  March 19, 2020
TSX Venture Tier  2 Company

Effective at  5:31 a.m. PST, March 19, 2020 , shares of the Company resumed trading, an announcement having been made.

________________________________________

OPUS ONE RESOURCES INC. ("OOR")
BULLETIN TYPE:  Private Placement - Non-Brokered
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement as announced on news releases dated December 31, 2019 and January 21, 2020 :

Number of Securities:              

7,360,000 flow-through common shares



Purchase Price:                      

$0.0625 per flow-through common share



Number of Placees:                 

9 Placees

 

Insider / ProGroup Participation: None

Finder's Fee:                            

Two finders received a cash commission of $36,000 and 576,000 non-
transferable purchase warrants to purchase 576,000 common shares at a price
of $0.07 per share until December 30, 2021.                                           

 

The Company has confirmed the closing of the Private Placement in news releases dated February 19, 2020 .

________________________________________

QYOU MEDIA INC. ("QYOU")
BULLETIN TYPE:  Shares for Debt
BULLETIN DATE: March 19, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 4,315,832 common shares to settle outstanding debt for CAD$431,583 .

Number of Creditors:

4 Creditors

 

Insider / Pro Group Participation:

Creditor                                        

Insider=Y /
Progroup=P   
             

Amount 
Owing  
     

Deemed Price
per Share      

# of Shares






Patstar Inc.





(G. Scott Paterson)             

Y   

$268,250

$0.10

2,682,500

Damian Lee                         

Y

$78,833.33

$0.10

788,332

Catherine Warren                 

Y  

$64,500

$0.10

645,000

Steven Beeks                        

Y

$20,000

$0.10

200,000

 

For further information, please refer to the Company's news release dated January 15, 2020 and March 06, 2020 .

________________________________________

STORAGEVAULT CANADA INC. ("SVI")
BULLETIN TYPE:  Halt
BULLETIN DATE:  March 19, 2020
TSX Venture Tier  2 Company

Effective at 6:54 a.m. PST, March 19, 2020 , trading in the shares of the Company was halted Single Stock Circuit Breaker; this regulatory halt is imposed by Investment Industry Regulatory Organization of Canada , the Market Regulator of the Exchange pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.

________________________________________

STORAGEVAULT CANADA INC. ("SVI")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  March 19, 2020
TSX Venture Tier  2 Company

Effective at  6:59 a.m. PST, March 19, 2020 , shares of the Company resumed trading, an announcement having been made.

________________________________________

TRES-OR RESOURCES LTD. ("TRS")
BULLETIN TYPE:  Property-Asset or Share Purchase Agreement
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for expedited filing documentation pertaining to a Second Amending Agreement dated January 30, 2020 between Tres-Or Resources Ltd. (the 'Company') and Globex Mining Enterprises Inc., pursuant to which the Company will issue 400,000 shares in partial consideration for a royalty arrangement payment originally due November 30, 2019 .

________________________________________

TRUSTBIX INC. ("TBIX")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on January 31, 2020 :

Number of Shares:                

509,294 shares



Purchase Price:                    

$0.60 per share



Warrants:                                 

509,294 share purchase warrants ("Warrants") to purchase  254,647 shares.
The Warrants are subject to an acceleration clause effective if the closing price
of the common shares of the Company on the principal market on which such
shares trade is equal to or exceeds $1.75 for 20 consecutive trading days.
Thereafter, the Company will have the option to accelerate the Warrant expiry
to the date that is 30 calendar days following the date a press release or written
notice has been given to the warrant holders.





Warrant Exercise Price:          

$0.90 for a two year period



Number of Placees:                  

11 placees

 

Insider / Pro Group Participation:

Name  

Insider=Y /
ProGroup=P

# of Shares




James Edward Freeman

Y

250,000

 

Finder's Fee:

 none

 

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release dated February 14, 2020 announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

________________________________________

URBANGOLD MINERALS INC. ("UGM")
BULLETIN TYPE:  Private Placement - Non-Brokered
BULLETIN DATE:  March 19, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement:

Number of Securities:               

1,600,000 common shares



Purchase Price:                       

$0.125 per common share



Warrants:                                

800,000 common share purchase warrants to purchase 800,000 shares   



Warrants Exercise Price:           

$0.18 for 18 months following the closing of the private placement



Number of Placees:                 

2 Placees

 

Insider / ProGroup Participation:

Name

Insider = Y / ProGroup = P

# of shares

SIDEX Limited Partnership

Y

800,000

Mining Investment Fund Société de Développement de
la Baie James

Y

800,000

 

Finder's Fee:

  None                                                                               

 

The Company has confirmed the closing of the Private Placement in a news release dated March 18, 2020 .

________________________________________

NEX COMPANY:

NEXIA HEALTH TECHNOLOGIES INC. ("NGH.H")
BULLETIN TYPE:  Resume Trading
BULLETIN DATE:  March 19, 2020
NEX Company

Effective at  5:00 a.m. PST, March 19, 2020 , shares of the Company resumed trading, an announcement having been made.

________________________________________

SOURCE TSX Venture Exchange


Cision

View original content: http://www.newswire.ca/en/releases/archive/March2020/19/c2692.html

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  • Luckin Coffee COO under investigation after fabricating sales, shares plummet 80%
    Business
    Yahoo Finance Video

    Luckin Coffee COO under investigation after fabricating sales, shares plummet 80%

    Shares plummet 80% for China's coffee giant Luckin Coffee after an investigation found that the company's COO fabricated sales. Yahoo Finance's On The Move panel discusses.

  • Homeowner Alert: Mortgage Rates Are Near a Record Low Again
    Business
    MoneyWise

    Homeowner Alert: Mortgage Rates Are Near a Record Low Again

    Mortgage rates have taken a tumble this week and are back at historically low levels, offering homeowners fresh opportunities to slash their monthly expenses as they cope with the economic turmoil caused by the coronavirus. Americans who refinance into cheaper mortgage rates might save hundreds of dollars per month, various experts say. If you spot an attractive mortgage rate that could offer you substantial savings, lock that rate while you have the chance.

  • Raytheon Technologies Debuts On The Dow As Rival GE Deepens Cuts
    Business
    Investor's Business Daily

    Raytheon Technologies Debuts On The Dow As Rival GE Deepens Cuts

    Raytheon Technologies, formerly known as United Technologies, debuted on the Dow Jones Industrial Average Friday after the closing of its massive merger. United Technologies completed the separations of its Otis elevator and Carrier air-conditioning units early Friday, clearing the way for its merger with Raytheon Company. The industrial giant and Raytheon agreed to merge in June 2019 in a $100 billion all-stock deal.

  • ‘Quiet’ Warren Buffett has three ways to win in this market
    Business
    MarketWatch

    ‘Quiet’ Warren Buffett has three ways to win in this market

    At times like this it must be a relief to have some of your retirement portfolio managed by Warren Buffett. Granted, Buffett and Berkshire Hathaway Vice Chairman Charlie Munger aren't the spring chickens they were during the dot-com crash or the global financial crisis, when they were spry youngsters in their 70s and early 80s. The company press office says Buffett is not planning to speak in public before May.

  • Business
    Bloomberg

    Hedge Fund That Soared 51% Warns Bear Market Rallies Won’t Last

    One of this year's top macro hedge funds is cautioning investors that the market pain is only beginning. Said Haidar, a New York-based investor, said he expects an ebb and flow in both public health measures and market performance as the coronavirus wreaks havoc for months to come. He said money managers are far too optimistic about how quickly the world can return to normal because he's less certain effective vaccines or anti-viral drugs will materialize any time soon.

  • Why sweetened layoff benefits may be at odds with U.S. loan program
    Business
    Reuters

    Why sweetened layoff benefits may be at odds with U.S. loan program

    The generous U.S. unemployment benefits rolled out to blunt the economic harm caused by the coronavirus could have an unintended effect: it may actually be an incentive for companies to choose layoffs rather than keep staff on their books. That's at odds with a government-backed loan forgiveness program set to launch for small and medium-sized firms that opt against job cuts, so long as the bulk of the money is used to keep staff on at full salary. The number of Americans filing for unemployment benefits last week shot up to more than 6 million, a record high, Labor Department data on Thursday showed.

  • Stocks drop after disappointing jobs report
    Business
    Yahoo Finance Video

    Stocks drop after disappointing jobs report

    AdvisorShares CEO Noah Hamman joins Yahoo Finance's Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how the markets are faring amid the coronavirus outbreak.

  • Stock Market Has Entered a 25-35year Crisis Cycle Re-evaluation Event
    Business
    FX Empire

    Stock Market Has Entered a 25-35year Crisis Cycle Re-evaluation Event

    These super-cycles and the broader “collateral damage” issue is what leads our researchers to believe the US and Global markets may continue to target much deeper price support levels before finding a bottom. Even though the US and global central banks are doing everything possible to avoid a contagion economic collapse, we believe many people have “forgotten” about these broader market cycles and may be shocked to learn the COVID-19 virus event is happening in the midst of an 85-year generational Super-Cycle that predicts a true price bottom (new HIGH phase) may not set up until 2030~2035.

  • Trump Push for OPEC+ Deal to Cut Oil Supply Draws Disbelief
    Business
    Bloomberg

    Trump Push for OPEC+ Deal to Cut Oil Supply Draws Disbelief

    After the president's social-media intervention on Thursday, oil traders are frantically assessing whether Saudi Arabia, Russia and possibly even the U.S. -- the world's three biggest producers -- are poised to strike a once-unthinkable grand bargain to cut daily supplies in unison by 10 million to 15 million barrels. It's unclear whether it's feasible -- or even legal -- for such a coalition to come together. Or indeed whether it would be enough to tame the tsunami of unwanted crude now bearing down on world markets, which could be two to three times bigger than the cut touted by Trump.

  • Wells Fargo: 2 Big 11% Dividend Stocks to Buy (And 1 to Avoid)
    Business
    TipRanks

    Wells Fargo: 2 Big 11% Dividend Stocks to Buy (And 1 to Avoid)

    Stock markets fell 4.4% yesterday, marking the third session in a row of losses. There's a feeling of gloom; President Trump has said that the country and economy are in for a hard two weeks in the first half of April as the coronavirus epidemic peaks in the States, and he walked back his previously stated hope to see the country 'get back to work' by mid-month. It's in times like these that investors, when they buy, start looking that much harder at dividend stocks.

  • Raytheon completes merger with United Technologies
    Business
    American City Business Journals

    Raytheon completes merger with United Technologies

    A mega-merger almost a year in the making is now complete. Defense contractor Raytheon Corp. finalized its merger with United Technologies Corp. Friday to officially form Raytheon Technologies Corp. (NYSE: RTX), per a filing with the Securities and Exchange Commission. The deal, which had been in the works since the companies announced their proposed “merger of equals” in June, creates one of the world's largest aerospace and defense companies with 195,000 employees and roughly $74 billion in 2019 net sales.

  • Business
    TheStreet.com

    Raytheon Technologies Shares Begin Trading After Merger

    Shares of Raytheon Technologies, the company created by the merger of Raytheon and United Technologies, began trading Friday under the symbol RTX. Last year, the industrial conglomerate United Technologies and defense contractor Raytheon agreed to join hands in a $100 billion deal the two billed as a merger of equals. United Technologies holders control 57% of the company, eight of the new company's 15 directors come from UTX, and UTX Chief Executive Greg Hayes assumes the same role at Raytheon Technologies .

  • Oil Prices Continue Rally As These Key Meetings Could Reshape Industry
    Business
    Investor's Business Daily

    Oil Prices Continue Rally As These Key Meetings Could Reshape Industry

    Oil prices rose ahead of President Donald Trump's meeting with U.S. oil executives Friday and OPEC's emergency meeting on output cuts Monday. Trump is set to meet at the White House with Exxon Mobil CEO Darren Woods, Chevron CEO Mike Wirth, Occidental Petroleum CEO Vicki Hollub and Continental Resources Chairman Harold Hamm, among others. The executives will discuss potential aid to the industry, including tariffs on Saudi oil and a waiver of a law that requires U.S.-flagged ships to transport goods, such as oil, within the U.S., the Wall Street Journal reported.

  • Wilmington-based Incyte looking to repurpose flagship drug as COVID-19 treatment
    Business
    American City Business Journals

    Wilmington-based Incyte looking to repurpose flagship drug as COVID-19 treatment

    Incyte Corp. announced it is working with the Food and Drug Administration to conduct a study of its flagship product, Jakafi, in patients with COVID-19-associated cytokine storm. The Wilmington biopharmaceutical company's stock opened Friday up about 2% at $77.59 per share. A cytokine storm is an overproduction of immune cells which, in a flu infection, often causes a surge of activated immune cells and cytokines (which are proteins produced by the cells) into the lungs.

  • Business
    Thomson Reuters StreetEvents

    Edited Transcript of CVSI earnings conference call or presentation 16-Mar-20 8:30pm GMT

    Q4 2019 CV Sciences Inc Earnings Call

  • What Is Wells Fargo's (NYSE:WFC) P/E Ratio After Its Share Price Tanked?
    Business
    Simply Wall St.

    What Is Wells Fargo's (NYSE:WFC) P/E Ratio After Its Share Price Tanked?

    Unfortunately for some shareholders, the Wells Fargo (NYSE:WFC) share price has dived 34% in the last thirty days. All else being equal, a share price drop should make a stock more attractive to potential investors. In the long term, share prices tend to follow earnings per share, but in the short term prices bounce around in response to short term factors (which are not always obvious).

  • Here's How Much Coronavirus Is Costing United Per Day; American Extends Cuts
    Business
    Investor's Business Daily

    Here's How Much Coronavirus Is Costing United Per Day; American Extends Cuts

    United Airlines said it's losing more than $100 million in sales a day, and American Airlines extended its flight cuts into the peak summer season. American Airlines stock, United Airlines stocks and other airline stocks were mixed. Meanwhile, the airlines said they were working through their applications this week to meet a Friday 5 p.m. ET initial deadline to apply for billions in cash grants allocated to them in the stimulus bill.

  • Jim Cramer Gives His Opinion On AbbVie, Domino's Pizza And More
    Business
    Benzinga

    Jim Cramer Gives His Opinion On AbbVie, Domino's Pizza And More

    Jim Cramer said on CNBC's "Mad Money Lightning Round" AbbVie Inc (NYSE: ABBV) traded lower on COVID-19, but he likes its dividend yield and it remains a great stock. It's a big position for his charitable trust fund. Clarivate Analytics PLC (NYSE: CCC) is a research company, but Cramer hadn't thought of it as a COVID-19 play.