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Introduction One of the interesting elements of preferred shares in Canada is that some of the issues (and then predominantly preferred equity issued by larger companies) have a conversion component. Within the preferred security spectrum, you generally have two types of preferred shares: Fixed rate and floating rate preferred shares.…

A single-vehicle collision last month involving a Tesla Semi electric truck took 50,000 gallons of water to extinguish and required aircraft to dump fire retardant overhead, according to a preliminary report on Friday from the National Transportation Safety Board.The crash, which occurred on California’s Interstate 80 west of Lake Tahoe,…

The BlackRock Enhanced Capital and Income Fund Inc (NYSE:CII) is a closed-end fund that investors can employ in order to earn a very high level of income from the assets in their portfolios. The generation of income seems to be an increasingly popular theme nowadays as many retirees and other…

The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its $35.3 trillion national debt, the Treasury Department reported Thursday.With the Federal Reserve holding benchmark rates at their highest in 23 years, the government has laid out $1.049 trillion on debt…

American Airlines flight attendants approved a five-year labor deal, ending one of the industry’s most contentious contract negotiations and giving cabin crews more than 20% raises at the start of October.Eighty-seven percent of the American Airlines flight attendants who voted approved the contract, the union said Thursday, shortly after polls…

Norfolk Southern’s board is investigating whether CEO Alan Shaw had an inappropriate relationship with the company’s top-ranking lawyer, according to several people with direct knowledge of the board’s thinking, which could create a leadership vacuum at one of the country’s largest railroads.The probe comes less than two years after a…

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