Press Digest: Canada - Nov 18

Lightspeed Commerce

18/11/2022 13:56

Nov 18 (Reuters) - The following are the top stories
from selected Canadian newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
    THE GLOBE AND MAIL
    ** Rio Tinto Plc  RIO.L  said it will no longer offer
preferential treatment to one set of minority shareholders in
its proposed takeover of Canadian miner Turquoise Hill Resources
Ltd  TRQ.TO  and will instead offer all minority shareholders
the same deal terms.
    ** The executive hired to steer FTX Group through bankruptcy
offered his first findings of improper fund transfers and poor
accounting at the collapsed crypto exchange on Thursday,
describing it as a "complete failure" of controls.
    ** Toronto Star co-proprietor Jordan Bitove said it's too
late to resolve the differences between him and business partner
Paul Rivett, as the two engage in arbitration to determine who
will ultimately own the newspaper, along with other assets.
    NATIONAL POST
    ** Lightspeed Commerce Inc  LSPD.TO  chief executive Jean
Paul Chauvet has said he will pick up the talented employees
that companies such as Amazon.com Inc AMZN.O , Meta Platforms
Inc  META.O , Shopify Inc  SHOP.TO  and Twitter Inc have left
behind.
    ** Brazilian mining giant Vale SA  VALE3.SA  will supply
General Motors Co  GM.N  with battery-grade nickel for future
electric vehicles, starting in 2026