• Reuters

    Smaller US manufacturers warm to Biden's big industrial plan, survey shows

    America’s small and mid-sized manufacturers may be warming up to the Biden administration’s push for an aggressive industrial policy. In a survey of 150 producers, nearly 49% said they thought President Joe Biden "is more likely to bring about an American manufacturing renaissance," while just over 31% gave that accolade to Republican candidate Donald Trump. About 15% favor an unnamed third-party candidate to revitalize the sector, according to the survey conducted by polling company John Zogby Strategies on behalf of Xometry, a Maryland-based company that provides digital sourcing services for industrial producers.

  • Local Journalism Initiative

    Kensington trail cameras aid in confirming return of river otters to P.E.I.

    KENSINGTON, P.E.I. — River otters may be starting to make a comeback in P.E.I. in the Kensington watershed area. Since the early 20th century, river otters have been considered locally extinct in P.E.I. due to overharvesting and habitat loss. From 2014 to 2019, there were seven reported incidents of river otters being accidentally trapped and dying in beaver traps around the province. When investigating the origins of the otters, Forest, Fish and Wildlife concluded these animals are lost visitor

  • Reuters

    UPDATE 1-Bain proposes Japan's Kioxia IPO to clear $5.8 bln loan refinance

    Bain Capital has proposed an initial public offering (IPO) of Japan's Kioxia Holdings as part of a plan to allow the money-losing chipmaker to refinance a $5.8 billion loan coming due in June, according to a person familiar with the matter. Bain and Kioxia met with a group of banks including Sumitomo Mitsui, Mizuho and Mitsubishi UFJ on Monday after the lenders urged Kioxia to come up with a recapitalisation plan because it looks likely to run afoul of the terms of a 900 billion yen ($5.8 billion) syndicated loan, the person said.