Calgary’s Ted-Jan Bloemen wins gold medal at 2020 World Single Distances Speedskating Championships

EARNINGS SUMMARY: Details of Agnico-Eagle Mines Ltd Q4 Earnings Report

Below are the earnings highlights for Agnico-Eagle Mines Ltd (AEM):

-Earnings: $331.70 million in Q4 vs. -$393.66 million in the same period last year.
-EPS: $1.38 in Q4 vs. -$1.68 in the same period last year.

Mexico to issue $425 mln in catastrophe bonds in coming weeks

MEXICO CITY, Feb 13 (Reuters) – The Mexican government will in the coming weeks issue catastrophe bonds worth about $425 million, Finance Minister Arturo Herrera said on Thursday.

“These bonds cover risks associated with large-scale natural disasters,” Herrera wrote in a post on Twitter, adding that the process to begin the issuance was launched on Wednesday. (Reporting by Drazen Jorgic; Editing by David Alire Garcia)

Worst Cities to Drive in Every State

There were over 36,000 fatalities from traffic accidents in the U.S. in 2018. Most of these accidents took place in major metropolitan areas that often have large highways and interstates packed with thousands of drivers. While driving conditions vary nationwide, in each state, there is at least one city where driving stands out as especially stressful, time consuming, and dangerous.

24/7 Wall St. reviewed traffic fatality rates, commute times, traffic delays and associated costs, and the rate of car theft in hundreds of American cities to determine the worst city to drive in every state. Data came from several sources, including the National Highway Traffic Safety Administration’s Fatality Analysis Reporting System.

While most factors affecting a commute are outside of a driver’s control, some cars can help reduce the stress of driving. Certain car brands have a reputation for making vehicles that require little maintenance and have high gas mileage, which can help drivers lower gas and maintenance cost, and contain safety features to help drivers avoid accidents or keep car occupants safer. These are the car brands with the happiest drivers.

Click here to see the worst cities to drive in every state
Click here to read our methodology

Kohl’s Cuts 250 Jobs

Kohl’s Corp. (KSS) is laying off 250 people as the retailer restructures parts of its business following a weak holiday season.

Kohl’s said the lay offs include an entire “layer” of regional store leadership positions and restructuring teams in its merchant organization.

“Today, we restructured parts of our organization to create a more customer-centric focus and position Kohl’s for long-term success. This reorganization in our business will empower decision-making, reduce management layers, streamline communications and drive greater efficiency in many areas of our business,” Kohl’s spokesperson Jen Johnson shared this statement with WTMJ.

The company said it has offered a competitive severance package and outplacement services to help all affected associates as they transition.

The company also noted that it is not closing any stores or corporate offices and will be continuing to hire in key areas. The company is also continuing to invest in many areas of the business including stores, technology and strategic growth initiatives.

United Airlines To Extend Cancellations Of Flights To China Till April

United Airlines have extended cancellations of all U.S. flights to China through late April due to the ongoing coronavirus outbreak.

With the latest announcement, all U.S. carriers flying to China have now canceled flights into late April.

United has extended cancellations of flights to Hong Kong, which had been set to resume on February 21, and for flights to mainland China, that had been set to resume on March 28. Flights will now resume starting April 24.

United normally operates roughly 12 flights per day from the United States to mainland China and Hong Kong.

Meanwhile, American Airlines has extended its suspension of China and Hong Kong flights through April 24. The carrier had earlier suspended its China and Hong Kong flights until March 27.

Delta Air Lines Inc previously suspended flights to China through April 30.

Cronavirus outbreak, which began in the Chinese city of Wuhan, have made more than 42,000 people sick with the total number of deaths at more than 1,000. Most infections and deaths have been reported in Wuhan and the surrounding Hubei Province in China, but at least 25 countries have now reported cases

Royal Caribbean: Cruise cancellations in Asia likely to shave 2020 profit by 65 cents/share

Royal Caribbean Cruises Ltd. RCL, -3.08% said late Thursday it has canceled 18 cruises in Southeast Asia and modified several itineraries thanks to the ongoing COVID-19 outbreak. Such steps are likely to have an impact on the company’s 2020 financial performance of about 65 cents a share, the company said. If the company was to cancel all of its remaining sailings in Asia through the end of April, it would impact 2020 financial performance by an additional 55 cents a share, it said. "There are still too many variables and uncertainties to make a reasonable forecast for 2020," the company said in a statement. " While the early impact due to concerns about the coronavirus is mainly related to Asia, recent bookings for our broader business have also been softer." Shares of Royal Caribbean fell 1.4% in the extended session after ending the regular trading day down 3.1%.

Calgary’s Ted-Jan Bloemen wins gold medal at 2020 World Single Distances Speedskating Championships

Calgary’s Ted-Jan Bloemen won gold in the men’s 5,000-metres and the men’s sprint team also topped the podium Thursday at the world single distance speedskating championships.

Bloemen finished in a time of six minutes 4.375 seconds at the Utah Olympic Oval to edge Dutch legend Sven Kramer by 0.54 seconds.