American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The combined business will have assets including AuRico's Young-Davidson mine in Canada and Alamos' Mulatos mine in Sonora, Mexico.
John McCluskey, president and CEO of Alamos Gold, will serve as CEO of the combined business. The board of the combined business will have 10 members, with five directors from each company.
Once the deal is complete, shareholders of both companies will each own about 50 percent of the combined business, which will take the name Alamos Gold. A new company, which will be called AuRico Metals, will house AuRico's Kemess project.
Alamos shareholders will receive one share in the combined business and $0.0001 in cash for each share they own. AuRico shareholders will receive 0.5046 shares of the combined business for each share they own.
The boards of both companies unanimously approved the merger.
The transaction, which is expected to close in the second quarter, still needs approval from shareholders.