New survey says clients with full-time jobs are using Calgary Food Bank
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a minute ago
- Yahoo
LS Power to acquire BP's onshore wind business in US
LS Power has entered a definitive agreement to acquire BP's onshore wind business in the US, BP Wind Energy North America. The acquisition will strengthen LS Power's renewable energy portfolio by adding 1,700MW gross or 1,300MW net ownership of operating onshore wind capacity across ten assets. These assets will be integrated into LS Power's current fleet that includes renewable, energy storage, flexible gas and renewable fuels assets. LS Power has an operating portfolio of 21GW and more than 780 miles of high-voltage transmission lines in operation, in addition to more than 350 miles under construction or development. Upon completion of the acquisition, BP Wind Energy will be owned and operated as part of Clearlight Energy, LS Power's portfolio company that specialises in renewable power generation across the US and Canada. The deal will expand Clearlight Energy's operating fleet to 4.3GW while diversifying its operations beyond its current mix of wind, solar and battery storage capabilities. LS Power CEO Paul Segal stated: 'LS Power's mission is to solve complex energy problems to improve the world and make lives better by developing a cleaner, more reliable and affordable energy ecosystem, and today's announcement represents a material investment in reaching that goal. 'As an integrated business, bp Wind Energy is a natural addition to Clearlight Energy's growing portfolio of scaleable solutions that will broaden our reach geographically and support our strategy to make energy more efficient, affordable and available.' The acquired assets, spanning Colorado, Hawaii, Idaho, Indiana, Kansas, Pennsylvania and South Dakota, currently supply power to more than 15 off-takers. The transaction is anticipated to close by the end of 2025, pending regulatory approvals. Greenberg Traurig acted as legal advisor while Barclays and Santander provided financial advisory services for LS Power for the transaction. BP gas and low carbon energy EVP William Lin stated: 'We have been clear that while low carbon energy has a role to play in a simpler, more focused BP, we will continue to rationalise and optimise our portfolio to generate value. 'The onshore US wind business has great assets and fantastic people, but we have concluded we are no longer the best owners to take it forward. I am pleased we have reached a mutually beneficial deal with LS Power, and I look forward to working with them to support our people in maintaining safe and reliable operations as we transition ownership.' In May 2025, NRG Energy finalised a definitive agreement to acquire the natural gas generation facilities owned by LS Power Equity Advisors in a $12bn deal. "LS Power to acquire BP's onshore wind business in US" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
32 minutes ago
- Yahoo
BHP faces $1.7bn blowout at Jansen project, production pushed to mid-2027
BHP Group has announced a delay and a potential cost overrun of up to $1.7bn (A$2.61bn) at its Jansen potash project in Canada. This comes as the miner reported 'record' copper and iron ore production for fiscal year 2025 (FY25). The Jansen project is crucial to BHP's strategy to diversify its portfolio, with more than a decade invested in its development. The Australia-based mining giant now expects the first stage of the Jansen project to cost between $7bn and $7.4bn, a substantial increase from the initial $5.7bn estimate. BHP attributes the rise to escalated costs, design and scope modifications, and lower than expected productivity. Additionally, the miner has delayed first production to mid-2027, a setback compared with the earlier target of 2026. It is also contemplating a two-year postponement for the second stage of the Jansen project, moving the target to FY31. This decision aligns with the expectation of additional potash supply entering the market in the medium term. In a statement, the company said: "Given potential for additional potash supply coming to the market in the medium term, and as part of our regular review of the sequencing of capital projects under the capital allocation framework, we are considering a two-year extension for the execution of Jansen Stage 2." Despite the challenges at Jansen, BHP highlighted its strong operational performance, with a 'record' copper output of more than two million tonnes (mt) in FY25. However, the company forecasts a decrease in production in FY26 to between 1.8mt and 2mt due to anticipated lower grades at the Escondida mine in Chile. Iron ore production also reached a new high, with BHP's Western Australia operations producing 290mt for the year. In another move, BHP revealed it is evaluating the potential sale of its Western Australia Nickel assets. These assets were placed into temporary suspension late last year amid oversupply in the global nickel market and a sharp plunge in forward consensus nickel prices. The company plans to review the suspension in February 2027. Meanwhile, last month, BHP announced it will collaborate with XCMG Mining Equipment to deliver fleet solutions across its operations worldwide. "BHP faces $1.7bn blowout at Jansen project, production pushed to mid-2027" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
32 minutes ago
- Yahoo
Why AST SpaceMobile Stock Skyrocketed Last Week
Key Points AST SpaceMobile stock saw big gains this week after the company announced $550 million in new funding had been secured. The company will use the cash to purchase wireless spectrum licenses that will extend more than 80 years. AST has seen massive valuation gains this year, but its business looks poised to accelerate rapidly. 10 stocks we like better than AST SpaceMobile › AST SpaceMobile (NASDAQ: ASTS) stock recorded big gains in this past week's trading despite no major news for the company. In a stretch of trading that saw the S&P 500 index rise 0.6%, the satellite specialist's share price rose 27.2%. AST's valuation surged last week after the company announced some major financing news. The company's stock also continued to benefit from bullish momentum surrounding the broader space industry, and it's now up 175% across 2025's trading. AST stock surged on $550 million financing to support big spectrum deal A week ago Sunday, AST announced that one of its subsidiaries had secured $550 million in funding to support its deal to license wireless spectrum from Ligado Networks. Through the licensing deal, AST SpaceMobile will receive access to 40 MHz of L-Band MSS spectrum in the United States and Canada. The licensing deal extends for more than 80 years and also potentially grants AST access to an addition 5 MHz of category spectrum in the U.S. market. Investors appear to be happy with AST's financing moves to support the deal and bid the company's stock higher in each of last week's trading days. What's next for AST SpaceMobile? On the heels of recent gains, AST SpaceMobile now has a market capitalization of roughly $14.4 billion and is valued at approximately 37 times this year's expected sales and 234 times expected earnings. While the company has a highly growth-dependent valuation, it also appears to be in the early stages of a major new growth phase. The company's satellite-based cellular broadband network has the distinction of already being compatible with existing mobile devices without the need for add-ons or modifications, and the service could wind up having a disruptive impact in the consumer telecommunications industry. Outside the consumer market, investors are also excited about the company's potential to win deals with U.S. defense agencies and related contractors. Do the experts think AST SpaceMobile is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did AST SpaceMobile make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,048% vs. just 180% for the S&P — that is beating the market by 867.59%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why AST SpaceMobile Stock Skyrocketed Last Week was originally published by The Motley Fool Sign in to access your portfolio
