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CN Operations have Recovered, Company Updates Outlook Following Labor Disruption
- cnnnews
- September 10, 2024
- 0
Author of the article: Published Sep 10, 2024 • 6 minute read Operations have recovered but demand weakness persists in key sectors MONTREAL, Sept. 10, 2024 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced today that its operations have recovered following several months of labor uncertainty as well as a complete shutdown of its
FAA Awards $2.1B in Airport Improvement Grants
- cnnnews
- September 10, 2024
- 0
The largest award this round went to Tucson International Airport. Photo Courtesy Tucson Airport Authority In its latest round of airport infrastructure grant awards, the Federal Aviation Administration is providing over $2.1 billion for hundreds of runway, taxiway and other projects around the country. A full list of the grants can be viewed here. The grant
SA banks to issue new loss-absorbing debt to prevent bailouts
- cnnnews
- September 13, 2024
- 0
South Africa’s largest banks will start issuing a new class of loss-absorbing debt, known as financial loss absorbing capacity (flac) instruments, from January, Moody’s Ratings reports. Designed to enable the orderly resolution of struggling banks, these instruments can convert to equity in a “bail-in” scenario, avoiding taxpayer bailouts. The central bank estimates that the top