The approval, said the company, consolidates into one the revised proposals to mine Centipede and Lake Way deposits, which were permitted by the previous WA government.

Under the terms of the permit, Toro Energy would need to begin mining such deposits within five years. However, uranium prices remain low, trading around $20 a pound. Last year, in fact, yellowcake became the worst performing commodity — it lost 41% of its value, touching a 12-year low of less than $18 a pound in November.

The market is not expected to pick up any time soon and its eagerly awaiting to see an anticipated increase in demand from China and India, as well as a decision on the future of Japan’s mothballed reactor fleet.

Toro now needs Federal approval, which normally follows the State decision. Its Wiluna project was the first uranium mine to win environmental approvals in Western Australia after the Liberal government overturned a ban on uranium mining in 2008. But Toro’s acquisition of the Lake Maitland deposit from Mega Uranium in mid-2013 meant the company had to go back to the drawing board in order to add the new asset to the mine plan.

While Australia does not use nuclear power itself, it is the world’s No. 3 uranium producer behind Kazakhstan and Canada.

BMW has already started work on the new factory in San Luis Potosi, Mexico. The facility will open in 2019 and produce the BMW 3 Series Sedan.
BMW says the factory will create at least 1,500 new jobs.
"The cars which will be produced in Mexico are for the global market, not only North America," the company said.
Related: Trump's Toyota attack sets off alarm bells in Japan
The German automaker has more than 30 factories in 14 countries around the world.
The South Carolina plant employs 8,800 people and is investing $1 billion to increase production capacity. About 70% of cars made there are exported globally.

“This is a long-lead business with highly capital-intensive investments—decisions that were made two, three and four years ago,” Barra said.

Last week, Trump attacked General Motors for building some of its Chevrolet Cruze compact cars in Mexico. He tweeted that the largest US automaker should make cars at home or face a hefty tariff.

GM said the imported cars represent less than five percent of the Cruze hatchbacks sold in the US. According to Barra, almost all of the sedans are built at the factory in Lordstown, Ohio.

The Detroit-based company has recently announced plans to lay off 2,000 employees at two US auto plants due to weak demand for small cars. GM is among automakers that prefer to have smaller cars manufactured in Mexico to take advantage of lower labor costs and have higher-paid American workers build more profitable trucks.

According to Barra, it is “too early to speculate” about the potential impact of any future border tax or tariff. She said the company’s strategy has much more in common with Trump’s goals for trade and jobs than differences.

“I very much look forward to being part of the solution that allows the country to be strengthened along with business, along with our manufacturing capability,” she said.

Barra is one of a group of CEOs advising Trump on economic issues. She declined to say whether has discussed the matter with him directly. People familiar with the case told the Wall Street Journal she has called Trump after his critical tweet and had a “cordial” conversation with him.

The US president-elect has repeatedly criticized local companies such as Ford and Toyota for moving jobs across the border. Trump threatened them with heavy border taxes. Last week, Ford canceled plans to build a small car factory in Mexico and announced 700 new jobs in Michigan. The company said the decision was not the result of Trump’s pressure.

Automaker Fiat-Chrysler said it would spend $1 billion in part to renovate a plant in Michigan to make some versions of its Ram pickup truck, which is currently assembled in Mexico.

Five other directors would also resign after the deal closes, Yahoo said in an filing on Monday. (bit.ly/2iXrbwn)

The company also named Eric Brandt chairman of the board, effective Jan. 9.

Verizon's $4.83 billion deal for Yahoo's core internet assets came under renewed scrutiny by federal investigators and lawmakers last month after Yahoo disclosed the largest known data breach in history.

Mayer said in July that she planned to stay at Yahoo through the transaction's close.

Yahoo said the remaining company would be renamed Altaba Inc after the deal closes.

(This version of the story corrects to "Mayer" from "Mayers" in headline)

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sriraj Kalluvila)

Alibaba Group Holding Ltd (BABA.N) expects the initiative to create a million U.S. jobs as each company adds a position, company spokesman Bob Christie said in a phone call.

Trump and Ma emerged from their meeting at Trump Tower in New York together. The president-elect told reporters they had a "great meeting" and would do great things together. Ma called Trump "smart" and "open-minded." He said the two mainly discussed supporting small businesses, especially in the Midwest.

Ma said that businesses such as farmers and small clothing makers could tap the Chinese market directly through Alibaba.

He called the meeting with Trump "very productive."

"We mainly talked about small business and young people and American agriculture products to china. And we also think, that the China and U.S. relationship should be strengthened, should be more friendly," he said.

(Reporting by Peter Henderson, David Alexander, Doina Chiacu and Laila Kearney; Editing by Richard Chang)

In the last few years, smog and coal dust have increasingly blotted out the sky in Ulaanbaatar. This year has been particularly bad, as the man made pollution has combined with the coldest temperatures for a decade. The city's ubiquitous ‘ger districts' and the exhaust fumes from the growing number of motor vehicles on city’s roads are viewed as the chief culprits, as they also are in Beijing and New Delhi.

Mars, the maker of Whiskas and Pedigree pet products, will pay $93 per share, a premium of 31.4 percent to VCA's Friday closing price.

The enterprise value of the deal is $9.1 billion including $1.4 billion in debt, the companies said in a statement on Monday.

VCA will operate as a separate business unit within Mars Petcare, the biggest pet food maker in the world.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Saumyadeb Chakrabarty)

Ariad stock was up 74.7 percent at $23.98 in premarket trading.

Takeda has agreed to pay $24 in cash for each Ariad share, a premium of about 75 percent to its Friday close.

Ariad's leukemia drug, Iclusig, which is expected to generate sales of $170 million-$180 million in 2016, came under fire in October for "staggering" price increases.

A U.S. Food and Drug Administration decision on its lung cancer treatment brigatinib, which is being touted as a potential blockbuster, is expected by April 29.

Cancer treatment is a target for many large drugmakers, with high prices being paid for promising assets, such as Medivation, which was bought by Pfizer Inc (PFE.N) for $14 billion.

Takeda's negotiations to acquire Valeant Pharmaceuticals International Inc's (VRX.TO) Salix stomach-drug business have stalled over price disagreements, Reuters reported in November, citing people familiar with the matter. reut.rs/2jkIbd9

The Ariad deal, which Takeda plans to fund by taking on $4 billion in new debt as well as existing cash, is expected to close by the end of February.

Ariad had long-term debt of about $522 million as of Sept. 30, according to a regulatory filing.

ALSO IN DEALS

The equity value of the deal, which is expected to add to Takeda earnings in 2018, is $4.66 billion, according to Reuters calculations.

(Reporting by Natalie Grover and Ankur Banerjee in Bengaluru; Editing by Shounak Dasgupta)