Business
Facebook parent Meta cuts 11,000 jobs, 13% of workforce
By Barbara Ortutay, The Associated Press on November 9th, 2022
Facebook parent Meta is laying off 11,000 people, about 13 per cent of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk. ... Read More »
Be the first to comment!Cannabis company Canopy Growth reports Q2 loss, revenue down from year ago
By The Canadian Press on November 9th, 2022
SMITHS FALLS, Ont. – Canopy Growth Corp. reported a loss in its latest quarter as its revenue fell compared with a year ago. The cannabis company says its net loss amounted to $231.9 million or 47 cents per diluted share for the quarter ended Sept. 30, compared with a net loss of $16.3 million or ... Read More »
Be the first to comment!TC Energy reports third-quarter profit and revenue up from year ago
By The Canadian Press on November 9th, 2022
CALGARY – TC Energy Corp. reported its third-quarter profit rose compared with a year ago as its revenue gained more than 15 per cent. The pipeline operator says it earned net income attributable to common shares of $841 million or 84 cents per share for the quarter ended Sept. 30, up from $779 million or ... Read More »
Be the first to comment!Consulting firm CGI reports fourth-quarter profit and revenue up from year ago
By The Canadian Press on November 9th, 2022
MONTREAL – CGI Inc. says it earned a fourth-quarter profit of $362.4 million, up from $345.9 million in the same quarter last year as its revenue rose eight per cent compared with a year ago. The business and technology consulting firm says the profit amounted to $1.51 per diluted share for the quarter ended Sept. ... Read More »
Be the first to comment!Cannabis company Canopy Growth reports Q3 loss, revenue down from year ago
By The Canadian Press on November 9th, 2022
SMITHS FALLS, Ont. – Canopy Growth Corp. reported a loss in its latest quarter as its revenue fell compared with a year ago. The cannabis company says its net loss amounted to $231.9 million or 47 cents per diluted share for the quarter ended Sept. 30, compared with a net loss of $16.3 million or ... Read More »
Be the first to comment!Rogers reports $371M Q3 profit, down from $490M a year ago, revenue up
By The Canadian Press on November 9th, 2022
TORONTO – Rogers Communications Inc. reported its third-quarter profit fell compared with a year ago as its revenue crept higher. The company says it earned $371 million or 71 cents per diluted share in net income for the quarter ended Sept. 30, down from $490 million or 94 cents per diluted share in the same ... Read More »
Be the first to comment!Consulting firm CGI reports third-quarter profit and revenue up from year ago
By The Canadian Press on November 9th, 2022
MONTREAL – CGI Inc. says it earned a fourth-quarter profit of $362.4 million, up from $345.9 million in the same quarter last year as its revenue rose eight per cent compared with a year ago. The business and technology consulting firm says the profit amounted to $1.51 per diluted share for the quarter ended Sept. ... Read More »
Be the first to comment!Germany blocks Chinese-owned firm’s chip factory deal
By The Associated Press on November 9th, 2022
BERLIN (AP) – The German government on Wednesday blocked the sale of a chip factory to a Swedish subsidiary of a Chinese company, a decision that comes as Berlin grapples with its future approach to Beijing. The move by the Cabinet follows a recent compromise over a Chinese shipping firm’s investment in a German container ... Read More »
Be the first to comment!In 2022 midterms, Democrats — and election deniers — live to fight another day
By James McCarten, The Canadian Press on November 9th, 2022
WASHINGTON – Call it a November surprise. Democrats are basking in a midterm defeat that feels like victory, an electoral all-nighter that bucks the recent U.S. trend of voters punishing the party in the White House. But in the process, they may have given fresh life to a new Big Lie: claims of fraud at ... Read More »
Be the first to comment!California voters reject tax on rich for more electric cars
By Kathleen Ronayne, The Associated Press on November 9th, 2022
SACRAMENTO, Calif. (AP) – California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads. Proposition 30″²s defeat marks a win for Democratic Gov. Gavin Newsom, who campaigned against it despite his administration’s ... Read More »
Be the first to comment!Nintendo counting on forays beyond video games to boost fans
By Yuri Kageyama, The Associated Press on November 8th, 2022
TOKYO (AP) – Nintendo hopes to leverage a new Super Mario movie, various merchandising and theme parks to draw more people into playing its video games, President Shuntaro Furukawa said Wednesday. Nintendo content, including Donkey Kong and Pokemon, has drawn fans over more than four decades, with parents and grandparents now playing games with children. ... Read More »
Be the first to comment!
