Monday, September 26, 2016

Canadian Imperial Bank of Commerce - CM.t

Canadian Imperial Bank of Commerce - CM.t is one of Canada's chartered banks, fifth largest by deposits.

Operating as CIBC World Markets and CIBC Retail Markets, the bank has international operations in the United States, the Caribbean, Asia and the United Kingdom. Globally, CIBC serves more than eleven million clients, and has over 40,000 employees.
On June 29, 2016 the company reported News

"CIBC (TSX: CM) (NYSE: CM) today announced that it has entered into a definitive agreement to acquire PrivateBancorp, Inc. (NASDAQ: PVTB) and its subsidiary, The PrivateBank, a high-quality Chicago-based middle market commercial bank with US$17.7 billion in assets, complemented by private banking and wealth management capabilities.

The transaction will significantly expand CIBC's reach in North America, and enable PrivateBancorp to continue building on its record of growth and client service under the leadership of its current management team. The acquisition will create a platform for CIBC to deliver U.S. banking services to its existing Canadian personal and business banking clients, accept deposits in the U.S., and provide commercial and private banking services to the clients of Atlantic Trust, following receipt of required approvals. Atlantic Trust, a leading U.S. private wealth management firm serving high net worth families, private foundations and endowments, was acquired by CIBC in fiscal 2014. For PrivateBancorp, the transaction will bring added financial strength, the benefits of a larger banking enterprise and deeper wealth management expertise to its clients across the U.S.

Saturday, September 24, 2016

Lamborghini Centenario

The Lamborghini Centenario is an all-carbon fiber supercar with 760 hp, the ability to rocket to 60 mph in 2.8 seconds and a very minor asking price of $1.9 Million.

With a new four-wheel steering system, high-revving V-12 powering all four wheels and bespoke touchscreen interior the vehicle has a top speed in excess of 220 mph.
20 units in coupe form and 20 units in roadster form will be built, with all 40 units already spoken for prior to its debut.

The Centenario can hit the 186 mph benchmark in 23.5 seconds. The naturally aspirated V-12 engine has an engine speed limiter to the redline of 8,600 rpm.

Thursday, September 22, 2016

Corpses the latest thing in Diamonds

Rinaldo Willy transforms dead people into precious stones. Willy is the founder and CEO of Algordanza, a funeral home based in western Switzerland.

Algordanza is one of the leaders in the production of “memorial diamonds.” If your eternal wish is sleep in a diamond, Algordanza is at your service to convert your ashes into a synthetic diamond.

The price ranges between 4,500 and 20,000 Swiss francs ($5,000-$22,000), depending on how big a diamond you want to become. That includes the packaging of your carbon into a “noble wooden box.”

After that it will then be up to your heirs whether to leave you in your noble box or put you on a ring or pendant.
Every year, 900 bodies enter Algordanza’s laboratory to emerge later as a diamond.
"We treat the ashes with particular chemical agents to extract all the carbon from them. Next, carbon is heated to high temperatures and converted into graphite. Finally, we place the graphite in a machine that essentially reproduces the conditions that are given in the depths of the Earth, where natural diamonds form over thousands of years: extremely high pressure and temperatures around 1500 degrees Celsius."
We prefer the word “unzerbrechlich,” which in German means “indestructible.” Our diamonds are indestructible remembrance, but, at the end of the day, it depends on a person’s loved ones to keep their memory alive. "
Most stones are four carats rough and 1 carat after cutting. There have been some diamonds as big as 1.6 or 1.8 carats, but they are the exception.

In general, the dimension of the diamond depends on how long you keep the graphite in the machine: the longer the process, the bigger the diamond. But it also depends on the quality of the ashes.

If a person used to wear dentures, or a prosthesis, or they used to take certain medicines, their ashes would be less pure and the quality of the diamond would be inferior.
Some things influence the colour of the stone. People who have been treated with chemotherapy usually wind up being diamonds of lighter colours. Most diamonds are blue because of the traces of boron in the human body, but every person changes into a different and unique diamond, ranging from crystal-clear to almost black.
"When a man of 80 kilos is cremated, he becomes 2.5 kilos of ashes,” Rinaldo Willy explained. “With these ashes, we make a diamond of 0.2 grams, smaller than a button on your shirt.

How heavy is the soul—if we have a soul?”

Lundin Mining Corporation - LUN.t

Lundin Mining Corporation - LUN.t is a diversified Canadian base metals mining company with operations in Chile, the USA, Portugal, and Sweden, primarily producing copper, nickel and zinc.

Lundin Mining holds a 24% equity stake in the world-class Tenke Fungurume copper/cobalt mine in the DRC.

On September 15, 2016 the company reported NEWS

Lundin Mining Corporation announces that Lundin Mining, Freeport-McMoRan Inc. ("Freeport"), and China Molybdenum Co., Ltd. ("CMOC") have agreed to further extend the notice period during which the Company has the right to acquire Freeport's indirect interest in TF Holdings Limited ("TF Holdings") to September 29, 2016. On May 9, 2016, Lundin Mining received a notice from Freeport offering Lundin Mining the right to acquire Freeport's indirect interest in TF Holdings at the same purchase price and on the same terms and conditions offered by CMOC.

TF Holdings is the holding company that indirectly owns an 80 percent interest in Tenke Fungurume Mining S.A. ("Tenke"). Freeport and Lundin each hold a 70 and 30 percent interest, respectively, in TF Holdings. Lundin Mining, in consultation with its legal and financial advisors, continues its strategic review in connection with its ownership interest in TF Holdings.