IBM is splitting itself in two, spinning off its legacy technology services business to focus on cloud computing and artificial intelligence, a move that reflects how decisively computing has shifted to the cloud.

The split is IBM’s effort to grab more of that fast-growing business and thrive amid the market leaders, Amazon Web Services, Microsoft and Google.

The business retaining the IBM name will include its cloud operations, along with its hardware, software and consulting services units. They represent about three quarters of the current company’s revenue.

The business to be spun off, in a company that has not yet named, is IBM’s basic technology services business, which maintains, supports and upgrades the computing operations of thousands of corporate customers.

That business is sizable, with sales of about $19 billion a year, but it’s not where the growth opportunities lie in the technology business.

The split comes as

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Pretium Resources (NYSE:PVG) is a mid-tier gold producer that operates the high-grade Brucejack mine in British Columbia, Canada. Brucejack is one of the newest and highest grade mines in the sector, but has been plagued by volatile operational performance since going into production in mid-2017. After widely missing guidance in 2019, management released an updated reserve and mine life in the first quarter of this year that showed lower grades and production, sending the stock tumbling further.

Despite these challenges, the company has been surprisingly consistent in generating free cash flow and reported a record second quarter that sent its shares up 25% in one day. With gold prices now hovering around $1,900 per ounce, Brucejack could be one of the most profitable independent assets in a tier-one jurisdiction, making it an attractive takeover target for larger producers looking to grow production.

Looking at a five-year chart, it’s clear that

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(Adds strategist quotes and details throughout, updates prices)

* Canadian dollar rises 0.4% against the greenback

* Loonie touches its strongest since Sept. 21 at 1.3198

* Canadian housing starts fall 20% in September

* Canadian bond yields ease across much of the curve

By Fergal Smith

TORONTO, Oct 8 (Reuters) – The Canadian dollar rose to a
more-than two-week high against the greenback on Thursday as
higher oil prices and the potential for U.S. stimulus offset
comments from Bank of Canada Governor Tiff Macklem, leaving
negative interest rates on the table.

U.S. stocks climbed as President Donald Trump fueled hopes
of fresh fiscal aid, while the price of oil, one of Canada’s
major exports settled 3.1% higher at $41.19 a barrel on support
from output shutdowns ahead of a storm in the U.S. Gulf of
Mexico.

“The market is coming to terms with an era of easy money
from

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FMCG major, ITC Ltd will look to strengthen the presence of fresh dairy offerings under the “Aashirvaad Svasti” brand across the eastern region. Post consolidating presence in the existing 25-odd markets, and upcoming ones of Bihar and West Bengal, over the “next few years”, it will tap other states of the east.

According to Sanjay Singal, Chief Operating Officer – Dairy and Beverages, ITC has a presence in 24 markets including Patna in Bihar; while in West Bengal it is present primarily in Kolkata and the suburbs in the fresh dairy category. New markets in Bengal are being explored, and procurement of milk from farmers in the state is being ramped-up as part of its expansion plans.

The company has three facilities in these states, one each in Munger, Patna and Howrah.

ITC Q1FY21: FMCG saves the day, but remains low on profitability

ITC entered the dairy segment in 2018,

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Warren Buffett.

  • The billionaire investor Dan Loeb quoted Warren Buffett favorably this week after blasting the Berkshire Hathaway boss as a hypocrite back in 2015.
  • “We highlight an observation from Warren Buffett: ‘Companies get the shareholders they deserve,'” the Third Point chief wrote in a letter to Disney CEO Bob Chapek.
  • Loeb called out Buffett in 2015 for criticizing hedge funds, activist investors, financial institutions, and tax minimizers, despite acting similar to them.
  • Loeb said at the time that Buffett “has a lot of wisdom” but that “we need to be aware of the disconnect between his wisdom and how he behaves.”
  • Visit Business Insider’s homepage for more stories.

The billionaire hedge-fund manager Dan Loeb quoted Warren Buffett in a letter this week calling for changes at Disney. The Third Point chief slammed the famed investor and Berkshire Hathaway CEO as a hypocrite back in 2015.

Loeb, whose

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  • Former Vice President Joe Biden has said he’d be open to quickly re-entering the Iran nuclear deal if Iran returns to full compliance.
  • But legal hurdles and potential Congressional backlash from Republicans would impede Biden’s ability to quickly reverse some of the Trump administration’s additional sanctions.
  • Visit Business Insider’s homepage for more stories.

US presidential candidate Joe Biden has expressed he’d be open to quickly re-entering the Joint Comprehensive Plan of Action (JCPOA) if Iran returns to full compliance.

But his predecessor’s hardline policies would probably necessitate expanding the scope of negotiations with Tehran beyond the current deal, leading Iran to adopt an even harder position on its nuclear program.

  • Biden criticized the Trump administration’s hawkish Iran policy and 2018 withdrawal from the nuclear deal in a September 13 opinion piece, in which he wrote that returning to the JCPOA could be the start of broader diplomacy between Tehran and
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It was also a success more broadly for the president, too, given that it was essentially an hour-long conversation between himself and a supporter. The network’s Maria Bartiromo, whose evolution into an explicitly pro-Trump advocate has been steadily obvious, served as little more than a hype woman, setting Trump up with softball questions and encouraging his responses. It wasn’t the first time she has played such a role, but it was nonetheless remarkable to see the scope of her disinterest in posing any challenge to the president.

This was true from start to finish, with Trump going on extended riffs about his opponents, real and perceived, including multiple assessments of Hillary Clinton’s use of a private email server more than seven years ago. But nowhere was Bartiromo’s failure to hold Trump to account more obvious — and potentially more dangerous — than in her sycophantic support of his claims about

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Supporters and opponents of Colorado’s statewide ballot measures have pumped $41.7 million just this year toward swaying public opinion on issues that could have far-reaching implications if passed in November.

During a presidential election year in which issues such as abortion access hang in the balance, and at a time when many families are struggling to make ends financially, Colorado’s ballot questions are taking on heightened importance. Measures such as a 22-week ban on abortions and having Colorado support the national popular vote for president are receiving attention — and contributions — from across the state and country. With less than a month to go, advocates are making their final pushes to Election Day — including in the money race.

The committee fighting the proposed ban on abortions after 22 weeks has brought in the most contributions of any issue committee at almost $6.5 million in 2019 and 2020, while

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Researchers tested a new form of medical marijuana that treats pain but doesn’t get the user high, prompting patients who need medical marijuana to declare, ‘Thank you?’ – Jimmy Fallon

When Vegas steps in, you know it will be big, loud, and flashy, and Planet 13 Holdings Inc. (OTCQX:PLNHF) exemplifies this perfectly.

Planet 13 Holdings Inc. is a vertically integrated cannabis company based in Las Vegas, Nevada. The company is probably best known for its massive cannabis superstore located just off the Vegas strip. Their flagship store recorded an impressive $63M in revenue and over one million visitors in 2019, accounting for nearly 10% of all of Nevada’s cannabis sales that year.

A store of this kind would have been unheard of only a few years ago. At 13,000 square feet, this complex is massive. Consumers have access to a coffee shop, bistro, event space, and, of course, the dispensary

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There’s a cinema in south-east London called Peckhamplex, which is one of my favourite places in the world. Set on the bottom floor of a car park, it’s a kind of faded 1990s dreamworld. The colour scheme is lurid, the typography can only be described as “funky”. At first glance, the aesthetic looks like it could be an affectation, marketed to affluent Time Out readers as a “retro-style cinema” selling gourmet popcorn and themed £13 cocktails with names like “The Mia Wallace”. But in fact it’s looked this way since it opened in 1994. Even better than the way it looks, however, is the price. Every film costs £5 and that’s reflected in the demographics of the people who go there. It’s a place that serves the community, but not in a lofty or improving way: sometimes people just want to take their kids to a Marvel film without

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