Air Canada stock hits new high on news of talks to buy

first_imgAir Canada stock hits new high on news of talks to buy Transat MONTREAL — Air Canada’s interest in buying rival Transat AT Inc. for about $520 million got positive feedback from industry watchers and stock traders Thursday after the two companies announced they’re in exclusive talks to finalize a deal.Transat shares rose 13.4 per cent to close at $12, while Air Canada stock gained nearly four per cent to $40.39, which is above the previous all-time high set Wednesday at $39.16.The two companies say Air Canada would pay $13 per share for Transat.That’s more than double what Transat shares were worth prior to its announcement that it was in talks with more than one potential buyer, without identifying the contenders.McGill University professor Karl Moore said a combination of the two companies would help grow Air Canada Vacations, which competes with Transat, WestJet and others in the leisure travel market.“Air Canada’s plan is to grow and this is part of their growth strategy,” Moore said in an interview.“And I think Transat is going to be in better shape because of the potential of being bought by Air Canada.”A deal that keeps Transat’s head office in Montreal would also be greeted favourably by politicians in Quebec, just as Alberta politicians said they want to see WestJet headquarters remain in Calgary if it’s bought by Onex, Moore said.More news:  War of words between Transat, Group Mach ramps upToronto-based Onex Corp. announced Monday that it has a friendly deal to buy WestJet for about $3.5 billion, subject to approvals.Moore said Air Canada will face stiffer competition from WestJet as a private company with backing from Onex.Gabor Forgacs, an associate professor who teaches tourism and hospitality management at Ryerson University, said he doesn’t think consumers will see a reduction of choice or competition from an Air Canada-Transat combination.“I think they can beef up the whole selection of vacation packages they offer,” Forgacs said.In addition, he said, there continues to be competition in the packaged vacation business from Sunwing Travel Group.“So I think the consumer will have similar selection, maybe even better,” Forgacs said. “I don’t see the traveller suffering any consequence.”Analyst Walter Spracklin of RBC Dominion Securities wrote in a note to clients that there are a number of factors that would justify a premium price for Transat stock.For one thing, Spracklin said, an industry consolidation “improves fundamentals in a highly competitive leisure travel market.”Additionally, Spracklin said that access to Transat’s fleet – and its in-place order for Airbus A321 passenger jets – would help Air Canada strengthen its Rouge discount brand.“From a price paid, the multiple is on the higher end, reflecting the take-out premium; however (that’s) justified by the strategic merits above,” Spracklin concluded.More news:  TRAVELSAVERS welcomes Julie Virgilio to the teamHe and other analysts noted that Transat would have to pay a $15 million break fee if it terminates the deal and Air Canada would pay it $40 million if the agreement is terminated because of regulatory or governmental obstacles.Mona Nazir, a transport analyst with Laurentian Bank Securities, issued a note advising clients “we do not believe that TRZ will get a better offer than $13.”“We think this is a great deal for Transat shareholders given it represents 149%  premium over the 20-day weighted average trading price prior to the announcement of April 30, 2019” when Transat first revealed it had been in discussions with more than one party about a potential sale of the company.Transat chief executive Jean-Marc Eustache, who is one of the company’s founders, said Thursday that an Air Canada deal represents the best prospect for maintaining or growing the number of jobs Transat has in Quebec and elsewhere.In Quebec City, Premier Francois Legault – another Transat founder – said “it’s good news that it’s Air Canada because their head office is in Montreal and what I said from the beginning is I wanted to ensure the head office stays in Quebec.” Posted by Friday, May 17, 2019 << Previous PostNext Post >>center_img Tags: Air Canada, Trans Share The Canadian Press last_img read more

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The European Commissions consultation on media co

first_imgThe European Commission’s consultation on media convergence, looking at issues such as connected TV standards, on-demand broadcast rules and TV advertising limitations, is due to close at the end of next week. The EU initially the Green Paper, called ‘Preparing for a Fully Converged Audiovisual World: Growth, Creation and Values’, back in April and set a deadline for the end of August for stakeholders and the wider public to share their views.Submissions are welcomed on topics such as: the right conditions for EU businesses to deal with international, especially US, competition; media freedom, content accessibility and the protection of children; single market standards and promoting the right technological environment; and how convergence and changing consumer behaviour will influence how films, TV shows and other content is financed.“Connected TV is the next big thing in the creative and digital worlds. Convergence between sectors means people can enjoy a wider choice of great content – but it also creates disruptions and challenges. We need a converged and EU-wide debate to help deal with these changes. To help business flourish, nurture creativity and protect our values,” said European Commission Vice-President Neelie Kroes back in April.The European Commission estimates that there are more than 40.4 million ‘connected TVs’ in Europe, and they could be in the majority of EU households by 2016, “sweeping away traditional boundaries between consumers, broadcast media and the internet.”last_img read more

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Mediaset may move to consolidate its Spanish opera

first_imgMediaset may move to consolidate its Spanish operation as the first step of a strategy to create a pan-European TV powerhouse, according to Italian financial daily Il Sole 24 Ore.According to the newspaper, the Italian broadcaster is mulling a plan to acquire the 48.4% of Mediaset España that it does not already own as the first step towards creating a consolidated pan-European broadcaster.Shares in Mediaset España, which controls leading commercial channels Telecinco and Cuatro, rose on the news.The latest report of plans to consolidate the Spanish outfit follow a similar report by Bloomberg last September that also saw Mediaset España’s share price rise, but which was denied by Mediaset.According to Il Sole 24 Ore, the acquisition of Mediaset España could be followed by moves to establish a pan-European powerhouse, possibly with German commercial broadcaster ProSiebenSat.1 and France’s TF1.Mediaset already has a relationship with those two broadcasters in the shape of the European Media Alliance, created four years ago to foster closer collaboration between European broadcasters in the face of enhanced threats from digital players such as Netflix and Amazon.The latest report of Mediaset’s interest in its Spanish operation came as Morgan Stanley published a note revising its price target for the broadcaster downwards in the light of a need for additional investment to combat the threat presented by digital players and an ongoing softening of the European advertising market. According to Morgan Stanley, the broadcasters most immediately impacted by the combination of a need to make substantial investment and the advertising downturn are Mediaset and its putative German partner ProSiebenSat.1.Mediaset VP and CEO Pier Silvio Berlusconi last year said that the broadcaster was working on a plan to forge an alliance with other European broadcasters, with it taking a leading role. Berlusconi specifically ruled out working with French media giant and Canal+ owner Vivendi. The latter had been Mediaset’s preferred partner for a pan-European strategy until the pair spectacularly fell out over Vivendi’s withdrawal from an agreement to purchase Mediaset Premium in 2016.last_img read more

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There are growing concerns and calls for an urgent

first_imgThere are growing concerns and calls for an urgent investigation into admissions by two police forces that they have shared information about protesters with the Department for Work and Pensions (DWP).BothLancashire and Greater Manchester police forces have now admitted passing oninformation to DWP about people taking part in protests.Theadmissions originally came following claims reported by Disability News Service(DNS) that police forces had been targeting disabled people taking part inpeaceful anti-fracking protests across England.Lancashirepolice then admittedin December that it had shared both information and videofootage of disabled anti-fracking protesters with DWP, in an apparent attemptto have their disability benefits removed.GreaterManchester Police (GMP) then told DNS that it had passed DWP information – butnot video footage – relating to protesters taking part in the anti-frackingprotests at Barton Moss, Salford.Thoseprotests took place in 2013 and 2014, but the force also confirmed that it hasshared information with DWP from protests not connected with fracking.There is nowgrowing confusion over how many forces are involved, what information they arehanding DWP, in what circumstances they hand it over and on what legal grounds,and whether this exchange of information is based on any written agreements.Labour’s shadow minister for disabled people, Marsha de Cordova (pictured), called last night (Wednesday) for an investigation into the extent of information sharing between police forces and DWP.  Last week, GMPadmitted having a “sharing agreement” with DWP, even though the departmentexplicitly stated two months ago – and repeated this week – that it had no such“formal arrangement” with GMP or any other force.But GMP hasnow backtracked from this admission, claiming there is no “specific formalagreement or policy in place” after all, and stating that the sharing ofinformation that takes place between the two organisations is carried out underthe Data Protection Act.It hasdenied trying to cover up its relationship with DWP.Labour’sdeputy mayor for policing for Greater Manchester, Baroness [Bev] Hughes, backedher force’s decision to share information with DWP.She said theforce had “a duty to act if they judge that individuals may be breaking, orhave broken, the law”. She said: “Ihave consulted with senior officers within GMP who have assured me that thereis no formal ‘sharing agreement’ in place, and that the police act on a case bycase basis, sharing information in accordance with the Data Protection Act.“Protestorsin Greater Manchester should never be deterred from exercising their right toprotest. “Should theydo so in accordance with the law, GMP will continue to do as it always does andfacilitate such protests.”But deCordova said the sharing of information with DWP by police forces was “aviolation of trust”.She said:“This is yet further proof of the hostile environment that this Conservativegovernment has created for disabled people. “Thisviolation of trust is not only shocking but also could threaten disabledpeople’s access to vital social security. “There mustbe an urgent further investigation into the extent of information sharing andaction must be taken to end this harmful practice.”A DWPspokesperson said: “As we have reiterated previously, there is no formalarrangement with the police for this scenario. “The departmentdoes not request referrals from the police and there is no obligation on eitherthe police or members of the public to provide referrals.“In theevent we receive information from the police, we consider it on its merits.“As is thecase with any responsible government department, we stand ready to assist thepolice in the event they request information from us for the purposes of crimeprevention or detection. “Thisservice is provided under the Data Protection Act for the purposes ofpreventing and detecting crime.”Meanwhile,GMP said this week that it had not shared any information with DWP aboutdisabled activists who took part in the anti-austerity protests that took placeoutside the Conservative party conferences in Manchester in 2015 and 2017.The Conservative party is returning to Manchester for its annual conference in October.A note from the editor:Please consider making a voluntary financial contribution to support the work of DNS and allow it to continue producing independent, carefully-researched news stories that focus on the lives and rights of disabled people and their user-led organisations. Please do not contribute if you cannot afford to do so, and please note that DNS is not a charity. It is run and owned by disabled journalist John Pring and has been from its launch in April 2009. Thank you for anything you can do to support the work of DNS…last_img read more

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Facebook Now Allows Marijuana Businesses to Appear in Searches

first_img Easy Search. Quality Finds. Your partner and digital portal for the cannabis community. Social media is now a foundation of digital marketing strategy, but it’s a bit difficult to incorporate when the world’s largest social media platform doesn’t allow people to search for your products or services.That’s been the case with Facebook when it comes to cannabis-related businesses. The social media giant continues to allow people to post fake news at alarming rates, but until recently wouldn’t allow someone to search for marijuana products — even if they are legal in their state.But that all changed this fall.Related: State Regulators Consider Better Ways to Determine Who Controls Cannabis BusinessAbout-Face for FacebookFor months, Facebook blocked cannabis-related pages from user search results. The intent was to keep people from selling illegal products through the platform. However, it also led to them blocking such sites as the California Bureau of Cannabis Control and advocacy groups including the Marijuana Policy Project and the National Cannabis Industry Association. According to Market Watch, you also had situations where you could search “MPP” and find the Marijuana Policy Project page, but not if you actually searched for “Marijuana Policy Project.”Facebook finally decided in October to allow pages that have been verified by Facebook to appear in search results. That process involves an assessment of the company by Facebook and verification standards such as a publicly listed phone number.Related: Pass the Cannabis, Please: Marijuana Among Restaurant Trends for 2019Appease the gods.In Facebook’s defense, it is caught up in a situation that snags many other businesses — marijuana remains illegal at the federal level even as more states legalize it. Banks, for example, won’t extend financial services to marijuana companies.However, even with the new compromise, issues remain. Cannabrand CEO Olivia Mannix told Cannabis Business Times that it remains difficult to get verified by Facebook. She also said, “The way that I’m interpreting it is that you will be able to search for cannabis-related companies, [but] I don’t know if that’s actually going to alleviate any of the issues with cannabis-related companies getting flagged and shut down.”Perhaps the most practical outlook came from social media consultant Amy Donahue, who told Cannabis Business Times, “To me, business should be verified on Facebook anyway — that just makes you look more professional. … And if that’s what Facebook wants, then sometimes we have to appease the gods and do what they say.”Getting verified by Facebook involves supplying proof of business registration, validation of a business address or phone number, and proof of association with your business. Facebook provides a rundown of how to get verified here.Follow dispensaries.com on Instagram to stay up to date on the latest cannabis news. Opinions expressed by Entrepreneur contributors are their own. Next Article Add to Queue Facebook Guest Writer Image credit: Westend61 | Getty Images –shares Keep up with the latest trends and news in the cannabis industry with our free articles and videos, plus subscribe to the digital edition of Green Entrepreneur magazine. 3 min read Facebook’s zeal for banning marijuana often made it impossible to find even regulatory agencies and advocacy groups. dispensaries.com November 27, 2018 Free Green Entrepreneur App Facebook Now Allows Marijuana Businesses to Appear in Searches Download Our Free Android Applast_img read more

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Yahoo Unveils Massive New Encryption Scheme to Protect Users

first_img Next Article Register Now » Kim Lachance Shandrow Former West Coast Editor Alex Stamos –shares 4 min read Free Webinar | July 31: Secrets to Running a Successful Family Business Image credit: @TrustyCon/Twitter Add to Queue Security Learn how to successfully navigate family business dynamics and build businesses that excel. Alex Stamos doesn’t play when it comes to the NSA.In his first big hammer drop as Yahoo’s new cybersecurity watchdog, Stamos announced yesterday that he’s overseeing a massive “around the clock” effort to encrypt 100 percent of the tech giant’s traffic, including the private data of its 800 million-plus users — “at all time[s], by default.”Related: 4 Things to Know About Yahoo’s New Information Security VP Alex StamosOn the heels of reports that the NSA allegedly secretly snooped around thousands of its user accounts, the Sunnyvale, Calif.-based company pledged to encrypt all of its data centers by March 31. Stamos and the “hundreds of Yahoos” in his charge made that vow a reality. Not bad for only four weeks on the job.  The San Francisco-based veteran information security expert and outspoken NSA critic officially announced the company’s newly bolstered encryption efforts on its Tumblr page yesterday.And Stamos made no bones about why the massive encryption project — which seriously steps up security for Yahoo data center traffic, Yahoo Homepage search queries, Yahoo! Mail and much more — is going down in the first place.“We will continue to work hard to deploy the best possible technology to combat attacks and surveillance that violate our users’ privacy,” Stamos wrote in a powerful, telling statement curiously buried as the last sentence in his Tumblr post.Make It Stop: Yahoo Reports Coordinated Email HackIt was clearly a dig at the NSA’s controversial PRISM surveillance program, which Yahoo recently reported requested to poke around in roughly 30,000 to 40,000 of its user accounts (between January and June last year) via Foreign Intelligence Surveillance Court (FISC) classified court orders. Yahoo arch rival Google said it was on the receiving end of FISC requests for information from approximately 9,000 and 10,000 of its user accounts around the same time.Here is Stamos’s complete bulleted list detailing Yahoo’s new beefed-up encryption efforts, directly from his Tumblr update: Traffic moving between Yahoo data centers is fully encrypted as of March 31. In January, we made Yahoo Mail more secure by making browsing over HTTPS the default. In the last month, we enabled encryption of mail between our servers and other mail providers that support the SMTPTLS standard. The Yahoo Homepage and all search queries that run on the Yahoo Homepage and most Yahoo properties also have HTTPS encryption enabled by default. We implemented the latest in security best-practices, including supporting TLS 1.2, Perfect Forward Secrecy and a 2048-bit RSA key for many of our global properties such as Homepage, Mail and Digital Magazines. We are currently working to bring all Yahoo sites up to this standard. Users can initiate an encrypted session for Yahoo News, Yahoo Sports, Yahoo Finance, and Good Morning America on Yahoo (gma.yahoo.com) by typing “https” before the site URL in their web browser. A new, encrypted, version of Yahoo Messenger will be deployed in coming months. April 3, 2014 Related: Young Millionaire: Inside the Mind of Yahoo’s Teen Sensation Nick D’AloisioStamos’s work doesn’t end with this list, though. Not as long as cyber attackers and government spies seek to snoop around Yahoo’s insides, which we don’t expect to stop any time soon.”This isn’t a project where we’ll ever check a box and be ‘finished,'” he said. “Our fight to protect our users and their data is an on-going and critical effort.”Yahoo did not immediately respond to a request for comment. Yahoo Unveils Massive New Encryption Scheme to Protect Userslast_img read more

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Different sleep schedules among teens may have dissimilar effects on cognition and

first_img Source:https://www.duke-nus.edu.sg/news/split-and-continuous-restricted-sleep-schedules-affect-cognition-and-glucose-levels-differently Reviewed by James Ives, M.Psych. (Editor)Feb 23 2019Many adolescent students sleep less than the recommended duration of 8-10 hours a night. It is unclear; however, whether short night sleep combined with an afternoon nap is as good as having the same amount of sleep continuously during the night without a nap. Researchers at Duke-NUS Medical School have demonstrated for the first time that different sleep schedules with the same total sleep opportunity over 24 hours may have dissimilar effects on cognition and glucose levels. This is the first study to gather experimental evidence on the notion that ‘what may be appropriate sleep for one health goal may not be for another’.The handful of studies that examined split sleep schedules with normal total sleep duration in working-age adults found that both schedules yield comparable brain performance. However, no study has looked at the impact of such schedules on brain function and glucose levels together, especially when total sleep is shorter than optimal. The latter is important because of links between short sleep and risk for diabetes.The researchers measured cognitive performance and glucose levels following a standardized load in students, aged 15-19 years, during two simulated school weeks with short sleep on school days and recovery sleep on weekends. On school days, these students received either continuous sleep of 6.5 hours at night or split sleep (night sleep of 5 hours plus a 1.5-hour afternoon nap).”We undertook this study after students who were advised on good sleep habits asked if they could split up their sleep across the day and night, instead of having a main sleep period at night,” said Prof. Michael Chee, Director of the Centre for Cognitive Neuroscience, Professor of Neuroscience and Behavioral Disorders Programme, Duke-NUS Medical School and one of the study’s senior authors. “We found that compared to being able to sleep 9 hours a night, having only 6.5 hours to sleep in 24 hours degrades performance and mood. Interestingly, under conditions of sleep restriction, students in the split sleep group exhibited better alertness, vigilance, working memory and mood than their counterparts who slept 6.5 hours continuously. This finding is remarkable as the measured total sleep duration over 24 hours was actually less in the former group”, Prof. Chee added.Related StoriesHigh sleep variability and short sleep duration predict blunted weight lossUnpleasant experiences could be countered with a good night’s REM sleepI’m a CPAP dropout: Why many lose sleep over apnea treatmentHowever, for glucose tolerance, the continuous schedule appeared to be better. “While 6.5 hours of night sleep did not affect glucose levels, the split sleep group demonstrated a greater increase in blood glucose levels to the standardized glucose load in both simulated school weeks,” noted Dr. Joshua Gooley, Associate Professor of Neuroscience and Behavioral Disorders Programme, Principal Investigator at the Centre for Cognitive Neuroscience, Duke-NUS Medical School and the senior co-author of this study.Although further studies are necessary to see if this finding translates to a higher risk of diabetes later in life, the current findings indicate that beyond sleep duration, different sleep schedules can affect different facets of health and function in directions that are not immediately clear.Professor Patrick Casey, Senior Vice Dean of Research, Duke-NUS Medical School, commented, “Recent sleep surveys show that Singaporeans are among the world’s most sleep deprived people. This is the latest in a series of studies from a team of researchers from the Neuroscience and Behavioural Disorders Programme and Centre for Cognitive Neuroscience that have provided valuable insights into the importance of good sleep.”last_img read more

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Chandan Mitra quits BJP may join Trinamool with 4 Congress MLAsChandan Mitra

first_img COMMENT SHARE SHARE EMAIL Published on Former Rajya Sabha MP and Editor of The Pioneer, Chandan Mitra, has quit the BJP and will reportedly join the Trinamool Congress along with four Congress MLAs on July 21.“I have sent my resignation to the party president,” Mitra told BusinessLine, although he did not confirm if would join the TMC.Trinamool sources, however, said Mitra would be the “big catch” in the TMC’s annual Martyr’s Day rally.Mitra was a nominated member of the Rajya Sabha during 2003-2009, after which the BJP got him elected to the Upper House from Madhya Pradesh. His tenure ended in 2016. Mitra had also contested the 2014 Lok Sabha polls from Hooghly, and came in third.He had reportedly met Mamata Banerjee, who is seeking a bigger role for herself in national politics. Mitra, who runs a newspaper in Delhi, is an articulate member of the city’s literati and can be a useful asset to Banerjee in the Capital.Leading the pack of four Congress MLAs is Mainul Haque, a five-term MLA from Farakka in Murshidabad district. Murshidabad, a Congress bastion where the party won 14 of the district’s 22 seats, now has only six MLAs from the Grand Old Party. The TMC, which had won 4 seats in 2016, now has 12 MLAs from the district. No action has been taken against those who crossed over under the anti-defection law. July 18, 2018 Former Rajya Sabha MP Chandan Mitracenter_img West Bengal state politics SHARE COMMENTSlast_img read more

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Violence erupts in University college campus in Thiruvananthapuram student stabbed

first_imgViolence erupts in University college campus in Thiruvananthapuram; student stabbedA case has been registered against six students, including college union leaders of the Students Federation of India (SFI), police said.advertisement Press Trust of India ThiruvananthapuramJuly 12, 2019UPDATED: July 12, 2019 23:37 IST Students of University College protested outside the college after a 3rd year student got stabbed in a clash. (Photo: ANI)Violence erupted in the University college campus here with a student being stabbed Friday morning, police said. Akhil, a third-year Political Science student, who was sitting under a tree along with friends, was stabbed on the chest.The injured student was rushed to the Trivandrum medical college hospital. Hospital sources said he would have to undergo surgery due to internal bleeding, but that his condition was stable.Three other students were also injured in the attack. Angry students demanded immediate arrest of the accused. They said Akhil was singing a song, which irked the SFI students.A case has been registered against six students, including college union leaders of the Students Federation of India (SFI), police said.”We have also registered a case against around 20 unidentified students in connection with the incident,” an investigating officer told PTI.The incident was a sequel to a dispute between two groups of students belonging to the pro-CPI(M) students wing.Soon after the incident, angry students squatted on the road in front of the college gate and raised slogans, demanding justice.Akhil also belongs to the SFI. “We have searched the campus for the accused, but they were not there. We will conduct further searches at various other places tonight,” police said.Opposition Leader Ramesh Chennithala lashed out at the students’ wing of the CPI(M) and said the latest attack on the student showed the “terror face” of SFI.”The SFI, which never allows any other student organisation to work inside the University College, has now turned towards its own workers.This exposes the fascist attitude of SFI,” he said in a release.The Left government has asked the Education Department to submit a report on the issue.Meanwhile, BJP state President P S Sreedharan Pillai also attacked the ruling CPI(M) and its student organisation and said no action has taken against such attacks, despite complaints by students.University College, Thiruvananthapuram is one of the oldest and most prestigious institutions of higher education in India, established in 1866 to impart English education to the common folk of erstwhile Travancore by Sri Ayilyam Thirunal Rama Varma Maharaja.Also Read | West Bengal: TMC leader Sofiul Hasan shot dead in MurshidabadAlso Watch | BJP is using money power: Abhishek Manu Singhvi on Karnataka crisisFor the latest World Cup news, live scores and fixtures for World Cup 2019, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for World Cup news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byChanchal Chauhan Nextlast_img read more

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