
Petronas Canada has no plans to leave Canada, executive says
Fitzgerald said Canada needs to develop a national liquefied natural gas and natural gas strategy, and that investment will flow quickly into the country if its government makes good on a pledge to reduce permitting times.
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Daily Mail
29 minutes ago
- Daily Mail
Embarrassing real reason for MSNBC's impending 'MS NOW' rebrand revealed
MSBNC was forced into a rebrand after top bosses at NBC decided they did not want any affiliation with the left-leaning news network, it was revealed. The liberal cable network this week unveiled their rebrand, shifting from MSNBC to MSNOW - a decision which has sparked widespread confusion and mockery. Some critics even noted that the new logo appears to have a 'K' in front, which some viewers could perceive as 'KMS NOW' - an acronym for 'kill myself.' Now, new details of the decision have emerged in Puck Media, alleging that MSNBC president Rebecca Kutler and Mark Lazurus were backed into a corner with no other option but to rebrand. According to the source, executives at NBCU and NBC News had decided they didn't want any affiliation with MSNBC. This comes as MSNBC prepares to split from parent company NBCUniversal. While simultaneously distancing the NBC brand from MSNBC, executives were reportedly happy to continue the CNBC brand, the acronym for the Consumer News and Business Channel. Lazarus and Kutler tried to find the positives in the order, describing the rebrand as 'an opportunity to chart our own path forward.' 'The most important thing to Rebecca was keeping the 'MS' in the name,' a source close to Kutler told the publication. The MS in the brand remaining the same allows viewers who are used to scrolling the channel guide on the television continuity and avoids any brand confusion. MS NOW will first appear on screens in its new stylized form later this year. 'This new branding underscores our mission: to serve as a destination for breaking news and best-in-class opinion journalism, all rooted in accurate and reported facts,' Kutler wrote in an internal memo. 'I know this announcement will be met with questions, and I want to acknowledge that for many of you who have spent years or decades here, it is hard to imagine the network by any other name. 'This was not a decision that was made quickly or without significant debate,' she continued. 'Over the last eight months, we have worked to untether ourselves from NBC News and embrace our independence under Versant. 'We've hired dozens of first-rate reporters and newsroom leaders and have been recruiting for nearly 100 roles across our new and nimble organization. 'We continue to supercharge our non-linear products, achieving rapid success on YouTube, TikTok, audio, digital, live events, and more – all while aggressively developing a direct-to-consumer product.' The new branding will debut as the network enters its 30th year, and as it continues to build up a newsgathering operation entirely independent of NBCU. Rachel Maddow seems poised to stay the network's top star while l ongtime MSNBC host Joy Reid was ousted from the network this year.


Reuters
29 minutes ago
- Reuters
Dayforce to go private in $12.3 billion Thoma Bravo acquisition
Aug 21 (Reuters) - Private equity firm Thoma Bravo has agreed to buy human resources software provider Dayforce (DAY.N), opens new tab for $12.3 billion, including debt, in a take-private deal that executives hope will help expand on the company's AI capabilities. Dayforce, which operates on a single data platform, uses artificial intelligence to help companies forecast matters such as labor demand or predict employee burnout, David Ossip, the company's CEO, told Reuters in an interview on Thursday, as he elaborated on the deal's benefits. "Going private gives us more space, flexibility and resources to go much deeper on what matters the most, which is accelerating our focus on being that AI leader in HCM," Ossip said, referring to the practice known as human capital management. Under terms of the deal, Dayforce shareholders will receive $70 per share in cash, representing an equity value of $11.18 billion, according to Reuters' calculations. The offer, announced Thursday, represents a premium of 32.4% based on the stock's closing price on August 15, when news of the deal talks was first reported. While the deal marks Thoma Bravo's largest take-private deal today, the talks between Dayforce and Thoma Bravo date back years. Thoma Bravo has known Ossip, also Dayforce's founder, since before 2012, when his software company Dayforce was acquired by a larger HR and payroll provider, Ceridian. Thoma Bravo had followed Dayforce's journey into the public markets, periodically keeping its tabs on the business, Tara Gadgil, partner at Thoma Bravo, told Reuters. Thoma Bravo formally approached Dayforce about going private about a year ago, when its shares were trading in the mid-$50s – down more than 50% from its peak in 2021, Gadgil said. "We fundamentally believe that for the product differentiation, quality of revenue and recurring revenue growth that Dayforce exhibits, the public markets weren't appreciating the company," Gadgil told Reuters. The software sector has emerged as an investment target due to resilient subscription services and recurring revenue in an economy weighed down by a deteriorating labor market, trade tariffs and erratic spending. A wave of deals in the human capital management industry in recent years signals a shift toward AI-driven, single-platform solutions, with acquisitions aimed at consolidating and enhancing the tools offered to clients. Paychex (PAYX.O), opens new tab announced its acquisition of rival Paycor for $4.1 billion at the start of the year, and Automatic Data Processing acquired WorkForce Software last year for about $1.2 billion. Analysts have said a buyout would provide Dayforce some relief from its debt load, while Thoma Bravo's deep pockets would help the company accelerate AI development and expand internationally. Dayforce's stock closed up about 2.4% on Thursday. Goldman Sachs committed a $6 billion debt financing package to support the acquisition, Bloomberg News reported on Thursday, citing a person with knowledge of the matter. Goldman declined to comment. The debt includes a $5.5 billion term loan and a $500 million revolving credit facility, the report said, adding that Goldman could sell the financing to a variety of lenders. The transaction, which includes a minority investment from a subsidiary of the Abu Dhabi Investment Authority, is expected to close early next year, Dayforce said. Thoma Bravo, which had about $184 billion in assets under management as of March 31, is among the largest software-focused investors globally. The private equity firm has acquired or invested in more than 530 software and technology companies.


Reuters
an hour ago
- Reuters
Meta signs $10 billion-plus cloud deal with Google, The Information reports
Aug 21 (Reuters) - Google (GOOGL.O), opens new tab has struck a major cloud computing deal worth more than $10 billion with Meta Platforms (META.O), opens new tab, The Information reported on Thursday, citing two people familiar with the matter. Under the agreement, Meta will use Google Cloud's servers, storage, networking and other services, the report said. Reuters could not immediately verify the report.