Category: Trucking News

UPDATE 1-U.S. to raise age limit for vaping to 21, Trump says ahead of action next week

The United States plans to raise the age limit for vaping to 21, U.S. President Donald Trump said on Friday, adding that his administration would issue its final report on such products next week. Trump, speaking to reporters at the White House, did not give further details about the administration's regulatory plans or give a specific date for any announcements. U.S. health officials have been sounding the alarm amid a nationwide outbreak of serous lung illnesses linked to vaping, and have raised concerns about the use of electronic smoking devices, particularly among youth....

Without a wide release, Netflix's 'The Irishman' could lose millions

Netflix will not be giving Martin Scorsese’s highly anticipated gangster film "The Irishman" a wide theatrical release. The film has been in select theaters in New York and Los Angeles and will roll out in a few more cities, but many believe that this decision is leaving millions on the table for the streaming giant. For the cities the film is showing in, demand is high, with resellers asking for as much as $85 per ticket. The film will hit Netflix on November 27....

FCC orders station groups to negotiate with AT&T in DirecTV dispute

The Federal Communications Commission on Friday said it was directing nine broadcast station groups to return to the negotiating table over whether to allow local stations to air on AT&T Inc's DirectTV after some consumers have been without access for five months. In June, AT&T filed a bad faith complaint against the nine individual station owners, which collectively pulled 20 stations in 20 cities from DIRECTV, DIRECTV NOW and/or U-verse. The nine station groups are either managed or controlled by Sinclair Broadcast Group , AT&T said....

CIBC Sells 67% Stake in FirstCaribbean Bank for $797 Million

(Bloomberg) -- Canadian Imperial Bank of Commerce agreed to sell two-thirds of its Caribbean banking unit to a company run by Colombian billionaire Jaime Gilinski for $797 million, reducing its exposure to a company that has lost $1.6 billion in value since 2006.GNB Financial Group Ltd. will buy 66.7% of CIBC FirstCaribbean shares from CIBC, leaving Canada’s fifth-largest lender with about a 25% stake in the Barbados-based bank, according to a statement Friday. The sale values FirstCaribbean at about $1.2 billion, compared with $2.8 billion when CIBC took over most of the business.“The Caribbean is a low-growth market that presents idiosyncratic risks to the bank (e.g., hurricanes),” National Bank Financial analyst Gabriel Dechaine said in a note to clients, calling the transaction “positive” from a risk standpoint. “At the risk of being flippant, the only time we hear about the Caribbean is when there’s a problem.”For CIBC, the sale marks a...