Business
Trump Media stock falls more than 21% after company discloses $58 million loss for 2023
By Wyatte Grantham-philips, The Associated Press on April 1st, 2024
NEW YORK (AP) – Less than a week after a flashy stock market debut, Donald Trump’s social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%. Losses in 2023 for Trump Media & Technology Group – whose flagship product is Truth Social – mark ... Read More »
Be the first to comment!Airlines, shippers pitch feds on boosting sustainable infrastructure funding
By Christopher Reynolds, The Canadian Press on April 1st, 2024
MONTREAL – Airlines and marine shippers have asked Ottawa to beef up funding for sustainable transport, money they hope will flow toward green supply chains and upgrades to existing infrastructure. Tax credits, loans and grants are essential to help companies reduce greenhouse-gas emissions and keep pace with other nations’ transportation networks, according to a pair ... Read More »
Be the first to comment!S&P/TSX composite nudges higher to new record close; commodity prices gain
By The Canadian Press on April 1st, 2024
TORONTO – Canada’s main stock index edged slightly higher to a new record close Monday, helped by commodity price gains that lifted the energy and mining sectors. The S&P/TSX composite index was up 18.22 points at 22,185.25. In New York, the Dow Jones industrial average was down 240.52 points at 39,566.85. The S&P 500 index ... Read More »
Be the first to comment!Interprovincial migration helps fuel tight Calgary housing market as inventory falls
By The Canadian Press on April 1st, 2024
CALGARY – The Calgary Real Estate Board says March home sales were up 9.9 per cent from last year as interprovincial migration to Alberta contributed to tight market conditions. The board says 2,664 units changed hands last month, while the benchmark price across all home types was $597,600 for March – up 10.9 per cent ... Read More »
Be the first to comment!HSBC Canada branches reopening under RBC brand with takeover complete
By The Canadian Press on April 1st, 2024
TORONTO – RBC is reopening HSBC Canada branches under its own brand on Monday after closing its takeover of the bank last week. Ahead of the deal closing, RBC said it would also be shuttering 25 of HSBC Canada’s roughly 130 branches as part of its optimization of its branch network. The $13.5-billion acquisition of ... Read More »
Be the first to comment!Donald Trump’s social media company lost $58 million last year. Freshly issued shares tumble
By The Associated Press on April 1st, 2024
NEW YORK (AP) – Less than a week after a flashy stock market debut, Donald Trump’s social media company is disclosing that it lost nearly $58.2 million in 2023. Losses in 2023 for Trump Media & Technology Group – whose flagship product is Truth Social – mark a stark decline compared with the profit of ... Read More »
Be the first to comment!Payment technology company Nuvei Corp. signs deal to be taken private
By The Canadian Press on April 1st, 2024
MONTREAL – Payment technology firm Nuvei Corp. says it has signed a deal to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap and CDPQ. Under the agreement, shareholders will receive US$34 per share in cash in a deal that puts an enterprise value of US$6.3 billion on the company. Nuvei ... Read More »
Be the first to comment!Canadian Press NewsAlert: Nuvei Corp. signs deal to be taken private
By The Canadian Press on April 1st, 2024
MONTREAL – Nuvei Corp. says it has signed a deal to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap and CDPQ. Shareholders will receive US$34 per share in cash in a deal that puts an enterprise value of US$6.3 billion on the company. More coming. Companies in this story: (TSX:NVEI)... Read More »
Be the first to comment!Pembina Pipeline closes Alliance, Aux Sable purchases; raises guidance
By The Canadian Press on April 1st, 2024
CALGARY – Pembina Pipeline Corp. says it has closed its previously announced $3.1-billion purchase of Enbridge Inc.’s stakes in the Alliance pipeline and Aux Sable gas processing facility. The completed transaction sees the Calgary-based Pembina – which already owned 50 per cent of Alliance and 42.7 per cent of Aux Sable – acquire Enbridge’s 50 ... Read More »
Be the first to comment!Ballard shares up after signing largest order ever with European bus maker Solaris
By The Canadian Press on April 1st, 2024
VANCOUVER – Shares of Ballard Power Systems were up more than 10 per cent after it announced a long-term supply agreement with European bus manufacturer Solaris Bus & Coach that it called its largest order ever for fuel cell engines. Ballard shares were up 59 cents at $4.36 in late-morning trading on the Toronto Stock ... Read More »
Be the first to comment!Alex Murdaugh gets 40 years in federal prison for stealing from clients and his law firm
By Jeffrey Collins, The Associated Press on April 1st, 2024
CHARLESTON, S.C. (AP) – For maybe the last time, Alex Murdaugh, in a prison jumpsuit instead of the suit he used to wear, shuffled into a courtroom Monday in South Carolina and was sentenced to 40 years in federal prison. Murdaugh was punished – this time in federal court – for stealing from clients and ... Read More »
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