Corporate

Nickel Rock Resources Announces Flow Through Financing and Corporate Update

4 months ago [email protected]_84

VANCOUVER, British Columbia, Dec. 14, 2020 /PRNewswire/ — Nickel Rock Resources Inc. (“the Company”) (TSX-V: NICL) (OTCQB: SSMLF) is pleased to announce that planning for our 2021 exploration programs is underway and to fund these programs we are pleased to announce that we have arranged a flow-through non-brokered private placement offering of 4,000,000 flow-through units (FT Units”) at $0.13 per FT Unit raising gross proceeds of $520,000. Details of the exploration program will be outlined in a NI 43-101 report soon to be released.

Each FT Unit is comprised of one common share and one share purchase warrant (“Warrant”).  Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.15 per share for a period of two years from closing, subject to TSX Venture Exchange (“Exchange”) approval. 

Finder’s fees will be issued in connection with the

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Bloomberg Tax & Accounting To Provide IRS With Corporate Tax Analyzer Software Under New Multi-Year Contract

4 months ago [email protected]_84

ARLINGTON, Va., Dec. 14, 2020 /PRNewswire/ — Bloomberg Tax & Accounting today announced that it was selected by the IRS for a multi-year contract award to provide the agency with its Corporate Tax Analyzer and Income Tax Planner software tools.

As recipient of this award, Bloomberg Tax & Accounting provides IRS users with access to the Corporate Tax Analyzer software to calculate corporate taxpayers’ liability in audit scenarios by applying complex tax rules over multiple years.

Additionally, this award provides IRS users access to the Bloomberg Tax & Accounting Income Tax Planner software, which allows the application of complex tax rules over multiple years to calculate individual taxpayers’ liability.

“We are pleased about the recognition in the value of our software products’ ability to accurately handle complex tax rules and streamline their workflows,” said Lisa Fitzpatrick, President, Bloomberg Tax & Accounting. “By leveraging our technology solutions, IRS users

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Expect Low Returns From Corporate Bonds Next Year, CreditSights Says

4 months ago [email protected]_84

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The investment-grade corporate bond market has largely returned to pre-pandemic levels. Strategists at CreditSights say that is a bad sign for investors looking for strong returns next year.

The independent credit-research shop downgraded the market to Underperform from Outperform. CreditSights argues that while the risk of an increase in defaults remains low, the market’s current yield of 1.9% offers insufficient income. The market yields 1.1 percentage points more than comparable Treasuries, compared with roughly 1 percentage point before the pandemic.

“Tight valuations leave little room for outperformance, and our expectation [is that] a ‘back to normal’ environment will have investors looking elsewhere for yield,” a team led by Erin Lyons, co-head of U.S. investment grade research, wrote in a note this month.

But even with low default rates, CreditSights says a few major risks remain. The strategists forecast that the market will likely provide a return of

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BOJ likely to extend corporate aid schemes next week: sources

4 months ago [email protected]_84

TOKYO (Reuters) – The Bank of Japan is likely to decide next week to extend a range of steps aimed at easing corporate funding strains as a resurgence of coronavirus infections cloud the economic outlook, sources familiar with its thinking said.

FILE PHOTO: A man wearing a protective mask walks past the headquarters of the Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon

The measures, due to expire in March, will likely be extended for at least half a year as a precaution against the deepening pain from COVID-19, four sources said on condition of anonymity as they were not authorised to speak publicly.

“With so much uncertainty over the outlook, it’s desirable for the BOJ to reach a decision on the extension as early as possible,” said one of the sources, a view echoed by three other sources.

Markets widely expect

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McDonald’s franchisees shut out corporate amid heightened tensions

4 months ago [email protected]_84

  • McDonald’s franchisees are rolling out a plan in which they cancel meetings and communication with corporate deemed non-essential. 
  • The silent treatment is in response to changes announced last week that shift an estimated $170 million costs to franchisees. 
  • “We are committed to maintaining a positive and productive relationship with franchisees and on-going collaboration with them in the midst of a global pandemic,” McDonald’s said in a statement to Business Insider. 
  • Visit Business Insider’s homepage for more stories.

McDonald’s franchisees are giving corporate the silent treatment amid heightened tension between operators and the company. 

All McDonald’s franchisees have been invited to participate in an operator-led call on Friday to discuss recent changes that shift costs to operators that infuriated many within the system. Franchisees plan to discuss cutting non-essential contact with the company on the call, multiple sources with knowledge confirmed to Business Insider. 

Read more: ‘The ketchup has hit the

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Entrepreneurs and corporate leaders unite in support of Black-owned businesses

4 months ago [email protected]_84

When Jasper Kuria considers strategies for addressing racial inequity and social injustice in the U.S., he puts support of Black entrepreneurs at the top of the list.



a man standing in a room: Jasper Kuria, founder of Black Owned Business. (BOB Photo)

© Provided by Geekwire
Jasper Kuria, founder of Black Owned Business. (BOB Photo)

“It’s really about wealth inequality and opportunities for the Black community,” said Kuria. “And when you think about the massive wealth gap between the Black community and the white folks, it’s really about business ownership.”

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This fall Kuria launched Black Owned Business, a platform that connects Black-owned professional service providers with companies searching for talent. The Seattle-area startup has close to 80 vendors on the platform so far, covering technology, marketing and web design, consulting, finance and accounting, law and HR. He’s also working with SurveyMonkey to encourage companies to commit to considering Black-owned businesses when hiring outside vendors. Those pledging to do so include Intuit, Zoom and

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Apple CEO calls for stricter corporate, government climate goals at U.N. summit

4 months ago [email protected]_84

(Reuters) – Apple Inc Chief Executive Tim Cook on Saturday called on governments and businesses to implement stronger climate targets starting next year, during remarks at the United Nations’ Climate Ambition Summit.



Tim Cook wearing glasses talking on a cell phone: Apple CEO Tim Cook gestures during a product launch event in 2019

© Reuters/STEPHEN LAM
Apple CEO Tim Cook gestures during a product launch event in 2019

“We call on companies and governments around the world to do all we can to make 2021 the year we turn the corner for good,” Cook said, according to prepared remarks seen by Reuters.

Cook did not call for specific goals during his remarks but disclosed that Apple is assisting 95 of its suppliers to transition to renewable energy, up from a figure of 70 disclosed in July. The iPhone maker earlier this year said it has become carbon-neutral for its corporate operations and set out plans to make its full supply chain and product lineup carbon-neutral by 2030.

The summit is being

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Japanese Owner Of Wakashio Oil Spill Ship Continues To Hide Behind Corporate Secrecy

4 months ago [email protected]_84

More than four months since the major oil spill event on the Indian Ocean island of Mauritius, many questions still swirl around how the Japanese vessel, the Wakashio ended up grounded on Mauritius’ coral reefs in July.

Now the Japanese shipowner behind the Wakashio, Nagashiki Shipping, is attempting to hide behind a screen of corporate secrecy to not disclose material information to the shipwreck inquiry, following an investigation published in Forbes.

Following two stories on Forbes on November 25 and November 26 that highlighted the nearly 100 safety flaws with the

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Amazon To Become World’s Largest Corporate Renewables Investor

4 months ago [email protected]_84

Amazon has announced plans to invest in 26 utility scale wind and solar plants generating 3.4GW of electricity. That will bring its renewables capacity to 4GW of renewables, making it the world’s largest corporate buyer of clean energy, outstripping Facebook and Google
GOOG
.

“Amazon is helping fight climate change by moving quickly to power our businesses with renewable energy,” said Jeff Bezos, Amazon Founder and CEO. “With a total of 127 solar and wind projects, Amazon is now the biggest corporate buyer of renewable energy ever. We are on a path to running 100% of our business on renewable energy by 2025—five years ahead of our original target of 2030.”

The 26 new wind and solar projects are to be located in Australia, France, Germany, Italy, South Africa, Sweden, the UK, and the U.S., with projects in France, Germany, Italy, and South Africa being Amazon’s first deals in those

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Corporate America’s Borrowing Binge May Be Ending

4 months ago [email protected]_84

The record corporate borrowing boom fueled by the Federal Reserve’s pandemic response may be coming to an end. Wall Street bankers and investors are preparing for a sharp drop in corporate bond sales next year.

Companies with investment-grade credit ratings will likely issue $1.1 trillion of new bonds in 2021, a 32% reduction from this year, according to research by

Barclays


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PLC. Many are flush with cash after borrowing to bolster their balance sheets through the pandemic’s economic shutdowns.

The anticipated decline becomes even sharper after accounting for expected debt repayments, which offset new bond sales. Analysts at

Bank of America Corp.


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forecast that net new corporate bond issuance will be $63 billion next year. That would be the lowest total since the bank began tracking it in 2002.

The Fed has eased borrowing conditions throughout the pandemic by dropping interest rates near zero, saying it

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