Business

Two former executives of FirstEnergy and a former public utility commissioner have been indicted in a multimillion-dollar public corruption scandal, Ohio’s attorney general, Dave Yost, said on Monday.Charles Jones, who was FirstEnergy’s chief executive from 2015-20, and Michael Dowling, a former vice president of external affairs at the company, are accused of paying Samuel Randazzo, a former chairman of Ohio’s Public Utilities Commission, more than $4.3 million to allow the company to overcharge customers, among other offenses.Collectively, the three men are charged with 27 counts, including theft, bribery and fraud. The charges were filed on Friday but weren’t made public until Mr. Yost announced them on Monday.The indictments are the first against FirstEnergy executives in perhaps the b...

At the start of February, average mortgage rates inched past 7% for the first time since early December. The increase was fueled by strong labor data and hints from the Federal Reserve that rate cuts may come later than many had hoped. However, rates have still made significant downward progress since their peak at 8.01% last October. If you’re planning to purchase a home, make sure to compare loan offers from multiple lenders to find the best rate for you. Today’s mortgage interest rate trends Most mortgage forecasters predict rates will fall close to 6% throughout 2024. But mortgage movement is contingent on economic data -- particularly how much inflation decelerates -- and when the Fed decides to start implementing interest rate cuts. During its Jan. 30 to 31 meeting, the ...

Elon Musk’s brain implant company Neuralink has moved its legal corporate home from Delaware to Nevada after a Delaware judge struck down Musk's US$55.8 billion pay package as CEO of Tesla. Neuralink, which has its physical headquarters in Fremont, Calif., became a Nevada company on Thursday, according to state records. Delaware records also list the company's legal home as Nevada. The move comes after Musk wrote on X, formerly Twitter, that shareholders of Austin-based Tesla would be asked to consider moving the company's corporate registration to Texas. “Never incorporate your company in the state of Delaware,” he wrote in one post after the court ruling. He later added, “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters...

VANCOUVER, British Columbia, Feb. 09, 2024 (GLOBE NEWSWIRE) — Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) (“Lancaster” or the “Company”) is pleased to announce that on February 2, 2024, the Supreme Court of British Columbia granted an interim order (the “Interim Order”) in connection with the proposed spin-off of Nelson Lake Copper Corp. (“Nelson Lake”) by Lancaster by way of Plan of Arrangement (the “Arrangement”). For further information on the Arrangement and the arrangement agreement (the “Arrangement Agreement“), please refer to Lancaster’s news release dated January 30, 2024. The Interim Order, among other things, directs Lancaster to call and hold a special meeting (the “Meeting“) of the holders of Lancaster common shares (the “Shareholders“) in accordance with the B...

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 4, 2022 to its short form base shelf prospectus dated February 23, 2022. HOUSTON, Feb. 09, 2024 (GLOBE NEWSWIRE) — Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq: DGHI; TSXV: DGHI), an innovative U.S. based blockchain technology and computer infrastructure company, announces the grant of a total of 1,080,000 restricted share units (the “RSUs”) to certain officers, directors, management, key consultants and employees of the Company in accordance with the Company’s restricted share unit plan. Each RSU entitles the holder to acquire one subordinate voting share of the Company on vesting. The RSUs will vest in three equal tranches, on February 9, 2025, 2...

The technology industry, says GlobaData, has already witnessed substantial changes in 2024, including layoffs by big companies such as Google, Amazon and Meta, a trend, it adds, that began last year, affecting over 191,000 employees, driven by factors like post-COVID-19 pandemic adjustments and a focus on emerging tech like artificial intelligence (AI). Despite these and other challenges, the data and analytics firm says there is a “positive outlook for AI roles, especially those in customized generative AI solutions and machine learning operations (MLOps). This underscores the dynamic nature of the employment landscape within the technology sector.” Kiran Raj, practice head of Disruptive Tech at GlobalData, said, “in the context of AI jobs, this trend represents a dual narrative. While la...