Sheryl Crow Donates 21000 To SchoolSheryl Crow Donates 21000 To School

first_imgNine-time Grammy Award-winning singer-songwriter Sheryl Crow recently returned to her hometown of Kennett, Missouri, to surprise the teachers at her alma mater, Kennett High School, with a $21,600 donation for classroom supplies.During an all school assembly that was featured on The TODAY Show’s “Show Heart Today” series on Feb. 8, Crow announced that she was “adopting” all of the school’s teachers through Adopt-A-Classroom with a $600 donation each. Farmers Insurance provided the financial backing as part of its Thank America’s Teacher program, which has donated more than $2 million to teachers across the country since 2014.“I know first-hand how much hard work goes into being a teacher, but I also know how big of an impact teachers have on the lives and futures of their students,” said Crow, a former teacher in St. Louis, Missouri. “Thanks to AdoptAClassroom.org and the financial support of Farmers Insurance, we were able to make a meaningful difference for the amazing teachers at Kennett High School while also showing viewers of The TODAY Show just how easy it can be to do the same for teachers in their own communities.”Representatives from AdoptAClassroom.org and Farmers Insurance joined Crow and Jenna Bush Hager, a correspondent for The TODAY Show and a former teacher, to present each teacher with an AdoptAClassroom.org gift card for $600, which is equal to the amount that, on average, teachers spend out of their own pockets each year to ensure they have the materials needed to teach their students. AdoptAClassroom.org is a national nonprofit that offers individual donors the ability to search, select and “adopt” an individual teacher, or donate to a general fund that supports teachers from higher-need schools.“Most people are shocked to hear teachers spend so much of their own money each year to equip their classrooms and students,” said Bob Thacker, executive vice president with AdoptAClassroom.org. “Thanks to the commitment of people like Sheryl, and the generosity of our corporate partners like Farmers Insurance, we adopted every teacher at Kennett High School. Our hope is to help all teachers throughout the country who still lack the resources for their students to learn and succeed.”Farmers Insurance has a long history of supporting education and partners with AdoptAClassroom.org to facilitate donations to teachers from its Thank America’s Teachers program, which launched in 2014 to rally the country to show its gratitude for America’s educators who make a difference in their classrooms, schools and communities.“We were thrilled to join Sheryl and AdoptAClassroom.org in recognizing the tremendous work of all the teachers and faculty at Kennett High School,” said Kelly LaMar, managing lead of Thank America’s Teachers for Farmers Insurance. “Any of us can think of a teacher who made a difference in our lives, but today we’re able to make a difference in the lives of 36 special teachers and inspire everyone who watched at home to do the same for teachers across the country.”To make a donation to AdoptAClassroom.org or find classrooms to adopt in your community, click AdoptAClassroom. Individuals are also invited to visit www.ThankAmericasTeachers.com to share their thank yous and to vote for their favorite teacher proposals throughout the year.last_img read more

Jamie Oliver Takes His Food Revolution To CanadaJamie Oliver Takes His Food Revolution To Canada

first_imgCalling on Canada’s Prime Minister Justin Trudeau to keep the promise he made last autumn to “tackle childhood obesity”, celebrity chef Jamie Oliver created this short video in the lead up to his visit to Canada, where he says 20 percent of Canadian children between the ages of 5 and 17 are overweight or obese.Video: Jamie’s message to Justin TrudeauAfter Trudeau’s October 2015 election, Oliver was pleased to see the following March a National Campaign to Combat Obesity by Canada’s Senate Committee on Social Affairs. The Committee’s report put forth 21 recommendations, including “a complete revision of Canada’s food guide to better reflect scientific evidence, a ban on advertising food and drink to children, a possible tax on sugar-sweetened beverages, a review of nutrition food labeling to make it easier to understand, and a plan for making healthy food more affordable.”The Senate’s recommendations are not incongruous from the six main goals stated on Oliver’s website: Sugary Drinks Tax, Sugar Reformulation, Fair Marketing, Clearer Labels, School Food and Education.Buoyed by such like-minded messaging, Oliver went to Canada last week to promote his Food Revolution campaign among politicians, supermarkets and influencers to try to ensure that the positive words are followed by real action.“It’s crazy that we live in a world where millions of children get too much of the wrong food, while millions more get too little good food,” says Oliver. “There are 41 million children under the age of five that are overweight or obese, while 159 million under-fives are stunted. Let’s put an end to obesity and undernourishment the world over.”Copyright ©2016Look to the Starslast_img read more

Alan Cumming Fighting For Release Of Caged ChimpAlan Cumming Fighting For Release Of Caged Chimp

first_imgAward-winning actor and longtime PETA supporter Alan Cumming is making an impassioned plea for the release of his costar in the 1997 film Buddy, a chimpanzee named Tonka, who’s been stuck in a cage in Festus, Missouri, for more than a decade.Festus is home to the Missouri Primate Foundation, where chimpanzees discarded from show business and other situations live in small cages that are often so filthy that the facility’s owner, Connie Braun Casey, has been repeatedly cited by the government for violations of federal animal-welfare regulations. In a letter sent last week, Cumming urges her to release Tonka and the other chimpanzees to accredited sanctuaries.“I’m writing to you about a mutual friend: Tonka,” wrote Cumming. “I worked closely with him on the 1997 film Buddy. My character had many scenes with him, and we developed a very close camaraderie during the months when we filmed. By the end of the shoot, his trainers let him groom me. It was a special friendship — one I’ll always treasure. I hoped to see Tonka the following year at the film’s premiere but was told that he was no longer manageable and had been “retired to Palm Springs.” Over the past 20 years, I imagined him living out his post-Hollywood years on a sprawling sanctuary.“I just learned, though, that Tonka didn’t end up at a sanctuary in Palm Springs but inside a cage in Festus, where he isn’t able to have complex social relationships with other chimpanzees and doesn’t have meaningful outdoor access to run, climb, or play.“Connie, even though we’ve never met, I believe in my heart that you feel great affection for Tonka and the other chimpanzees at MPF. But lifetime care for a dozen sophisticated, intelligent chimpanzees requires a team — and terrain where they can roam and socialize. As an old friend of Tonka’s, I respectfully ask that you allow him and the chimpanzees at MPF to be sent to accredited sanctuaries where they can enjoy some semblance of the life that nature intended for them.”last_img read more

Vancouverborn author Madeleine Thien wins Governor Generals 2016 Literary Award for fictionVancouverborn author Madeleine Thien wins Governor Generals 2016 Literary Award for fiction

first_imgAdvertisement Vancouver-born and -raised author Madeleine Thien has won the 2016 Governor General’s Literary Award for fiction for her novel Do Not Say We Have Nothing.The English-language winners of this year’s Governor General Literary Awards are:Fiction: Do Not Say We Have Nothing by Madeleine Thien (Montreal, Quebec) Twitter Advertisement Facebook Advertisement Nonfiction: A World We Have Lost: Saskatchewan Before 1905 by Bill Waiser (Saskatoon, Saskatchewan)Poetry: The Waking Comes Late by Steven Heighton (Kingston, Ontario)Young People’s Literature (text): Calvin by Martine Leavitt (High River, Alberta)Young People’s Literature (illustrated books): Tokyo Digs a Garden by Jon-Erik Lappano and Kellen Hatanaka (Guelph and Stratford, Ontario) Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment last_img read more

Kathy Griffins North American comeback tour to start in CanadaKathy Griffins North American comeback tour to start in Canada

first_imgComedian Kathy Griffin is kicking off her North American tour in Canada this May to try and reclaim her comedy throne after becoming embroiled in controversy last year. (Christopher Polk/Getty Images) Advertisement Griffin will perform in San Francisco, Seattle, Boston and New York’s Carnegie Hall in June, with further dates to be announced later.In a release for the tour, Griffin promised to tell “the whole story” about the Trump photo, including her “interrogation by the feds,” and her thoughts on her neighbours Kim Kardashian and Kanye West.The performances come as Griffin tries to reclaim her comedy throne after the Trump photo shoot led to a backlash and the cancellation of several tour dates last year. She also lost her longtime New Year’s Eve hosting gig on CNN.Unable to tour in the United States, Griffin went overseas to perform a number of dates in various places, including London, Stockholm, Singapore and Australia.Initially, Griffin apologized for the photo that appeared last May, taken by photographer Tyler Shields.But she later said she was no longer sorry, because the reaction had gotten so out of hand. Advertisement Advertisement Beleaguered comedian Kathy Griffin is launching her North American comeback on the stages of Canada.The insult comic and celebrity gossip hound — who became embroiled in controversy after posing in a photo holding a fake severed head that shared a likeness with U.S. President Donald Trump — has picked Toronto to open her Laugh Your Head Off North American tour on May 25.In 2017, Kathy Griffin held a press conference to apologize for a controversial photo shoot where she was holding a bloodied mask depicting President Donald Trump. After a year of facing backlash and touring overseas, Griffin is finally able to continue her Laugh Your Head Off tour in North America. (Frederick M. Brown/Getty Images)She’ll follow that with three more Canadian dates: Kitchener, Ont., (May 26), Calgary (May 31) and Vancouver (June 2), before moving south to the United States.center_img Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment Facebook Twitterlast_img read more

CWS ARROW ANNOUNCES THE SERIES WILL END AFTER SEASON 8CWS ARROW ANNOUNCES THE SERIES WILL END AFTER SEASON 8

first_imgThe Toronto-born actor also noted that the eighth season would be shortened and only include 10 episodes, as opposed to the usual 23.Playing Oliver Queen has been the greatest professional experience of my life… but you can’t be a vigilante forever. Arrow will return for a final run of 10 episodes this Fall.There’s so much to say… for now I just want to say thank you.— Stephen Amell (@StephenAmell) March 6, 2019The longstanding show first aired on CW in 2012 and is one of the network’s most popular programs.The series also introduced the Flash, Supergirl, and Legends of Tomorrow, all of which are filmed right here in Vancouver.Keep an eye out for Amell and the rest of the cast, as they’ll be filming in Vancouver for just a little while longer.By Vincent Plana ~ DailyHive Advertisement Login/Register With: Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment Advertisementcenter_img Arrow CW/Facebook It’s sad news for fans of the Arrowverse.Stephan Amell, lead actor of the series, announced that CW’s Arrow would enter its final season this coming fall.“Playing Oliver Queen has been the greatest professional experience of my life… but you can’t be a vigilante forever,” he wrote in a Tweet. Twitter Facebooklast_img read more

Saganash rode orange wave to victorySaganash rode orange wave to victory

first_imgAPTN National NewsThe NDP’s Romeo Saganash easily took his northern Quebec riding despite facing accusations early on his Cree background would prove a liability with local voters.Saganash received double the number of votes compared to his nearest rival.The results probably surprised Bloc Quebecois candidate Yvon Levesque who claimed the region would never elect and Aboriginal person.APTN National News reporter Danielle Rochette was there during Quebec’s night of surprises.last_img

Edmonton cops team up with nurses to police inner cityEdmonton cops team up with nurses to police inner city

first_imgAPTN National NewsA unique collaboration between mental health professionals and city police is already making a difference in Edmonton’s inner city.The initiative pairs police offices with a social worker and a nurse, providing advice and support where they live, on the streets.APTN National News reporter Noemi LoPinto has this story.last_img

Testimony of intoxicated First Nations girl not credible JudgeTestimony of intoxicated First Nations girl not credible Judge

first_imgAPTN National NewsIt was a case that hinged on credibility.William’s Lake RCMP officer Andy Yung was found not guilty of assaulting a First Nations girl Monday.Despite admitting to striking and choking Jamie Haller in the back of a police car, the judge said because she had been drinking her testimony was unreliable.It’s left the family and community in shock.APTN’s Rob Smith has the story.last_img

Onion Lake Chief Fox facing dangerous weapon assault charges related to domesticOnion Lake Chief Fox facing dangerous weapon assault charges related to domestic

first_imgJorge Barrera APTN National NewsOnion Lake Cree Nation Chief Wallace Fox is facing multiple charges stemming from a domestic incident which occurred in the Cree community on May 18, the Saskatchewan RCMP said in a statement Monday.Fox is facing two counts of assault, one count of possession of a weapon for a dangerous purpose related to the use of a knife and one count of uttering threats to damage property, the RCMP statement said.The RCMP statement said Fox was arrested without incident on Monday and released on condition he appear before provincial court in Onion Lake, Sask., on Dec. 16.Fox could not be immediately reached for comment.Fox was arrested mere days after Onion Lake won a Federal Court case against Ottawa over the First Nations Transparency Act which required bands to post financial statements online, including the pay of chief and councillors.Fox rose to national prominence during the height of the Idle No More movement. He was one of the chiefs who marched into Centre Block on Parliament Hill in the fall of 2012 demanding an audience with the prime minister.Fox was also one of the leaders who openly challenged former Assembly of First Nations national chief Shawn Atleo not to meet with former prime minister Stephen Harper on Jan. 11, 2013.Onion Lake was also one of the sponsors of a national conference in Edmonton on missing and murdered Indigenous women held in September.Fox has been a long-time chief of Onion Lake since the 1980s. He was first elected to council at age 21 in 1983. Three years later, he was elected chief of oil-rich community.Onion Lake has about 5,000 band members and sits about 50 kilometres north of Lloydminster, Alta., on the Saskatchewan-Alberta border.jbarrera@aptn.ca@JorgeBarreralast_img read more

Saskatchewan buys homeless men two one way tickets out of provinceSaskatchewan buys homeless men two one way tickets out of province

first_imgAPTN National NewsThe province of Saskatchewan is taking a new tack to reduce homelessness.It has nothing to do with cutting poverty rates, or increasing job training.And everything to do with shipping people to other provinces.Now two Indigenous men from northern Sasktachewan find themselves in a big city and caught in a political firestorm.APTN’s Jaydon Flett reports.jflett@aptn.calast_img

Highlights from Ontarios fall economic statementHighlights from Ontarios fall economic statement

first_imgTORONTO – Ontario’s Liberal government released a fall economic update Tuesday that included a tax cut for small businesses as an offset for a minimum wage that will rise to $14 an hour on Jan. 1, and $15 an hour the following year. Here are some highlights:— The corporate income tax rate for small businesses will be lowered from 4.5 per cent to 3.5 per cent on Jan. 1.— Small businesses with fewer than 100 employees that hire young workers (aged 15 to 29) will get incentives of $1,000 and another $1,000 for retaining that worker for six months.— Producers of locally grown fruits and vegetables will get $60 million in supports.— An apprenticeship training tax credit will be turned into a grant, giving employers $2,500 upon an apprentice’s completion of both level one and level two, $3,500 for completion of levels three and four, and $4,700 when the apprentice gets certification.— The apprenticeship grant would be available to all trades eligible for the current tax credit, as well as in five additional trades: hairstylist, cook, horticultural/landscape technician, baker and appliance service technician.— The legislation takes a preliminary step toward allowing Ontario’s nine Indigenous institutes to award degrees or diplomas on their own.— The government will put $85 million toward mercury remediation in the English-Wabigoon River system, which has affected the Grassy Narrows community for decades, through a trust that will be set up in collaboration with First Nation communities.— Real GDP growth is forecasted to be 2.8 per cent this year, up from the 2.3 per cent projected in the spring budget.— Net-debt-to-GDP ratio is projected to fall to 37.3 per cent this fiscal year— Interest on debt, which is currently about $312 billion, is projected to grow from about $12 billion now to $13.3 billion in 2019-20.— A moderating housing market has left the government with about $300 million less in land transfer tax revenues since projections in the spring budget.last_img read more

Toronto stock index falls on down day led by technology sector stumbleToronto stock index falls on down day led by technology sector stumble

first_imgTORONTO – Weakness in technology stocks and commodity prices brought Canada’s main stock index down Friday.The Toronto Stock Exchange’s S&P/TSX composite index closed off 61.78 points at 16,393.95.“There are not a lot of strengths in the market today,” said Michael Currie, vice-president and investment analyst at TD Wealth.“In Toronto, the technology sector is getting particularly hard hit. Constellation Software missed its estimates and is down over eight per cent today and a couple of big names, like Shopify and BlackBerry, are also down today. So that’s been the biggest drag on the TSX.”He said bright spots on the market were few but included transport firm TFI International, up on strong quarterly results.The Canadian dollar averaged 76.56 cents US, up 0.02 of a US cent from Thursday’s average value of 76.54 cents US, while the September crude contract fell 92 cents to US$68.69 per barrel and the September natural gas contract rose two cents to US$2.78 per mmBTU.“It is a bit of a shocker in the sense that you have oil down a dollar today and the U.S. government came out with really strong economic data,” said Currie.“Both of those things usually work against the Canadian dollar … so I guess that’s a very good sign for the loonie.”He suggested that unease related to trade tensions and the stalled North American Free Trade Agreement negotiations are beginning to lift, allowing more optimism about Canada among market participants.A steep drop in Twitter and further losses for Facebook pulled technology stocks lower on Wall Street for a second day, even as other sectors climbed in response to a report that the U.S. economy surged in the April-June quarter to an annual growth rate of 4.1 per cent, the fastest pace since 2014.The Dow Jones industrial average was down 76.01 points to 25,451.06, while the S&P 500 index fell 18.62 points to 2,818.82 and the Nasdaq composite index was down 114.76 points to 7,737.42.The August gold contract was down $2.70 to US$1,223.00 an ounce and the September copper contract fell two cents to US$2.80 a pound.Follow @HealingSlowly on Twitter.last_img read more

Tesla cuts number of stock colours to streamline productionTesla cuts number of stock colours to streamline production

first_imgNEW YORK, N.Y. – Tesla is dropping two of the seven colours it had offered to customers as it tries to streamline production.In a tweet early Tuesday, CEO Elon Musk said obsidian black and metallic silver will still be available, but at a higher cost.Tesla fans can still choose solid black and “midnight silver metallic,” as well as pearl white, deep blue metallic and red.The company, based in Palo Alto, California, has struggled to vault from a niche maker of expensive electric cars into a mass-market automaker. It missed several deadlines to produce 5,000 of its mass-market Model 3 cars per week but reached that milestone earlier this summer. Musk has promised that as it sells more Model 3s the company will turn a sustained net profit starting this quarter.A Tesla spokesman said dropping the paint colours is not an indication of any production problems. “We occasionally adjust pricing and available options to best reflect the value of our products and to streamline our manufacturing operations,” the company said in a statement.Customers should check for current pricing and packaging options on Tesla’s website, the statement said.There is a waiting list of more than 400,000 people who want to buy a Model 3, and some have been waiting since March 2016, when the company first started taking orders.Shares of Tesla closed down just over 2 per cent at $279.44 Tuesday after Nomura analyst Romit Shah downgraded the company from “Buy” to “Neutral” on worries about Musk’s erratic behaviour. The stock price has dropped 10 per cent since the first of the year. On Monday it rose 8.5 per cent on positive analyst commentary.Shah wrote in a note to investors Tuesday that Musk’s behaviour “seemingly flipped” in the second quarter with Twitter posts rising to 15 per day since May from four per day the previous 18 months. Musk has taunted short-sellers who bet against the stock, accused a British diver involved in a cave rescue of Thai soccer players of being a pedophile, cut off Wall Street analysts on a conference call, and smoked what appeared to be marijuana on a video podcast.The behaviour is likely to have contributed to recent executive departures including Chief Accounting Officer David Morton, who left last week after only one month on the job, Shah wrote.Tesla has potential to grow revenue and post substantial profits because it is vertically integrated, making its own batteries and many of its parts, Shah wrote. “Notwithstanding improving fundamentals, we believe Tesla is in need of better leadership and are moving to the sidelines until we see what happens with management,” Shah wrote.Tesla did not immediately comment Tuesday on the Nomura note.last_img read more

Eldorado Gold seeking 11B from Greece as compensation for permit delaysEldorado Gold seeking 11B from Greece as compensation for permit delays

first_imgVANCOUVER – Eldorado Gold Corp. is seeking $1.1 billion from the Greek government for damages it says it suffered due to permit delays related to its Skouries project.The company says the application is a non-judicial request for payment and does not initiate legal proceedings.Eldorado chief executive George Burns called it a “good-faith attempt” to resolve the matter with the Greek government.The company suspended work at the Skouries project last year amid an ongoing dispute with the Greek government.The Vancouver-based company said at the time that Greece’s Ministry of Energy and Environment had not issued the required permits for the project.The company has said it would re-assess its investment in the Skouries project once it receives the required permits.Companies in this story: (TSX:ELD)last_img read more

Toronto and US stock markets down for the week despite strong jobsToronto and US stock markets down for the week despite strong jobs

first_imgTORONTO – Canada’s main stock index and U.S. markets ended down for the week despite strong jobs reports on both sides of the border on mounting concerns that a run of good corporate earnings may end.The fast pace of the rise in U.S. government bond yields is pressuring the most expensive stocks signalling that prices matter once again, says Cavan Yie, a portfolio manager at Manulife Asset Management.“While we are seeing ongoing healthy macroeconomic indicators, there’s pressure on the stocks because of lofty valuations, coupled with potentially weaker than expected margin profiles,” he said in an interview.The jobs reports issued Friday showed good topline numbers. Canada’s job market gained 63,000 positions in September, pushing the unemployment rate lower to 5.9 per cent. And the U.S. unemployment rate fell in September to 3.7 per cent, the lowest since 1969.Yet investors are troubled by rising U.S. wages that could spark inflationary pressure.Average hourly pay in September rose 2.8 per cent from a year earlier. And Amazon this week raised its minimum wage to $15 an hour.That “will put pressure on all retailers to push up their wages to remain competitive. So all of this is inflationary which is driving the higher long-term yields,” Yie added.He expects equity markets could remain volatile if wages continue to rise and the Federal Reserve remains hawkish.The S&P/TSX composite index closed down 60.50 points to 15,946.17, after hitting a low of 15,895.50 on 208.2 million shares traded.All but three subindexes traded lower, led by energy, base metals and information technology. Canadian energy stocks haven’t been helped by the run-up in the price of oil because of the ongoing pipeline construction problems that is contributing to a wider-than-usual discount being paid for Western Canadian Select crude compared with New York-benchmark West Texas Intermediate oil.Health care, industrials and utilities closed higher.Canada’s two large railways primarily drove the industrials sector, in part, because they are more insulated to wage pressures, said Yie.“Companies like that are able to pass through a lot of commodity price increases as well as operating cost increases and these are the business that we like, those that are able to pass through so ones that have pricing power.”In New York, the decline was steeper. The Dow Jones industrial average lost 180.43 points to 26,447.05. The S&P 500 index was down 16.04 points to 2,885.57, while the Nasdaq composite was off 91.06 points at 7,788.45.The Canadian dollar traded at an average of 77.30 cents US, down from an average of 77.52 cents US on Thursday but up five cents on the week.The November crude contract was up one cent at US$74.34 per barrel and the November natural gas contract was down 2.2 cents at US$3.14 per mmBTU.The December gold contract was up $4 at US$1,205.60 an ounce and the December copper contract was down 1.45 cents at US$2.76 a pound.last_img read more

Ontario to cap minimum wage at 14 an hour as part ofOntario to cap minimum wage at 14 an hour as part of

first_imgTORONTO – Ontario will cap minimum wage at $14 an hour until fall 2020 as part of a rollback of labour reforms introduced by the previous Liberal regime, the Progressive Conservative government announced Tuesday, drawing praise from businesses and criticism from unions and anti-poverty advocates.The government said new rules — which will link future minimum-wage increases to the inflation rate and reduce the number of personal leave days — will help cut red tape and encourage business investment.“The previous government brought in a tsunami of new burdens and regulations that have imposed significant unnecessary costs on businesses and stifled economic growth,” said Economic Development Minister Jim Wilson as the government detailed its proposed labour legislation.Ontario’s minimum wage increased from $11.60 to $14 an hour on Jan. 1, and was set to rise to $15 an hour next year as a result of the Liberals’ labour laws. Under the government’s new legislation, it will remain at $14 until October 2020.Labour Minister Laurie Scott said the government will be using an “economically sound metric” to decide the rate of future increases.“Ontario workers and businesses deserve a minimum wage determined by economics not politics,” she said.The government’s labour bill, if passed, will also cut two paid personal leave days for workers, bringing their total to eight — three for personal illness, two for bereavement leave and three for family responsibilities.The legislation keeps provisions brought in by the Liberals that granted workers up to 10 days of leave if they or their child experiences domestic or sexual violence. It will also maintain regulations that grant Ontario workers three weeks of paid vacation after five years of service.But a number of scheduling provisions will be scrapped under the Tory bill, including a minimum of three hours pay in the event a shift is cancelled 48 hours or less before it was scheduled to begin.“We will reverse the needless scheduling restrictions and give back employers the flexibility to have the right staff at the right time,” Scott said.The government’s moves on the labour file were applauded by some in the business community who had argued against the minimum wage increase and labour reforms when they were brought in last year.Jocelyn Bamford, of the Coalition of Concerned Manufacturers, said the wage hike was “too much too soon.”“This legislation will go a long way to maintaining the viability of small and medium businesses in the province and will help us save jobs,” she said.Others, however, said the government was undoing measures that had made life easier for families and vowed to push back.“We’ve known for a long time that Doug Ford is no friend of workers,” said Ontario Federation of Labour President Chris Buckley. “With today’s announcement he’s proven exactly that.”Pam Frache, of the advocacy group Fight for $15 and Fairness, said by rolling back Liberal labour reforms, Ford was breaking a campaign pledge to stick up for regular Ontario residents.“What Mr. Ford has announced today is not a government that is for the people but a government for the corporate elite,” she said.NDP Leader Andrea Horwath said she was skeptical about whether the Ford government will actually follow through the pledge to increase the minimum wage in 2020.“We’ll have to wait,” she said. “What we know for sure is that Ontario workers are being dragged backwards so Mr. Ford can hand out the goodies to his friends in the business community.”last_img read more

Athenahealth fetches 57 billion cash buyout offerAthenahealth fetches 57 billion cash buyout offer

first_imgAthenahealth shares soared Monday after the struggling medical billing software maker received a $5.7 billion cash buyout offer.Veritas Capital and Evergreen Coast Capital plan to give athenahealth shareholders $135 per share in a deal that will take the company private. That represents a roughly 12 per cent premium over the closing price of athenahealth shares on Friday.But the latest deal is smaller than a $6.5 billion bid that prominent investor Elliott Management Corp. made in May.Elliott Management made its offer for $160 per share in cash after saying it had grown frustrated with athenahealth’s struggles, which included missed guidance targets and churning through five chief financial officers in the last four years.A month after Elliott made its offer, co-founder and CEO Jonathan Bush said he was stepping down.Athenahealth said Monday that Elliott Management supported the latest deal offer. Evergreen Coast Capital is an Elliott affiliate that invests in technology.Athenahealth, based in Watertown, Massachusetts, makes medical record, revenue cycle and care co-ordination products and delivers most of it through the cloud. On Friday, it reported third-quarter earnings that topped analyst expectations, but its revenue fell short of the average forecast on Wall Street.The latest athenahelath bid offers “a decent valuation for what has increasingly appeared to be a struggling business,” Leerink analyst David Larsen said in a research note.“We believe that following the long and tumultuous sales process it is unlikely another bidder will emerge,” he wrote.Evergreen and Veritas plan to pair athenahealth with Virence Health, which Veritas bought earlier this year. The combination will operate under the athenahealth brand and stay headquartered in Watertown, Massachusetts. Virence Chairman and CEO Bob Segert will lead it.Athenahealth’s board of directors unanimously approved the deal, which the company expects to close in the first quarter. Shareholders still have to vote on it.Athenahealth stock jumped about 9.5 per cent, to $131.73 while broader indexes slipped Monday morning.last_img read more