Business
US wholesale inflation cooled in July in sign that price pressures are continuing to ease
By Paul Wiseman, The Associated Press on August 13th, 2024
WASHINGTON (AP) – Wholesale price increases in the United States eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates, likely beginning next month. The Labor Department reported Tuesday that its producer price index – which tracks inflation before it reaches consumers – rose 0.1% ... Read More »
Be the first to comment!Starbucks replaces its CEO, names Chipotle chief to head the company
By Dee-ann Durbin, The Associated Press on August 13th, 2024
Starbucks said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job. The Seattle coffee giant said Brian Niccol, the chairman and CEO of Chiptole, will become Starbucks’ chairman and CEO on Sept. 9. Narasimhan became Starbucks’ CEO in March ... Read More »
Be the first to comment!Hudbay reports Q2 loss, revenue up from year ago, lowers cash cost guidance
By The Canadian Press on August 13th, 2024
TORONTO – Hudbay Minerals Inc. reported a net loss attributable to owners of US$16.6 million in its latest quarter as its revenue rose by more than 35 per cent compared with a year ago. The mining company, which keeps its books in U.S. dollars, says the loss amounted to five cents per share for the ... Read More »
Be the first to comment!Home Depot trims guidance with anxiety about the broader economy up among contractors and homeowners
By Michelle Chapman, The Associated Press on August 13th, 2024
Home Depot’s second-quarter sales rose slightly as the nation’s biggest home improvement retailer benefitted from an $18 billion acquisition this spring, but customers continued to rein in spending because of broadly higher costs and elevated interest rates. Sales edged up to $43.18 billion, from $42.92 billion, beating the $42.57 billion that Wall Street had expected, ... Read More »
Be the first to comment!Racialized workers less likely to be unionized: report
By Rosa Saba, The Canadian Press on August 13th, 2024
Black and racialized workers in Canada are less likely to be represented by a union, according to a new report. The report released Tuesday by the Centre for Future Work found that a quarter of racialized workers are covered by a union contract, compared with one third of non-racialized workers. The gap was even wider ... Read More »
Be the first to comment!Posthumously published novel ‘Peggy’ a ‘gift’ to friends of writer Rebecca Godfrey
By Nicole Thompson, The Canadian Press on August 13th, 2024
For friends of Rebecca Godfrey, the writer’s final novel is more than a posthumous stamp on a career cut short – it’s another piece of her to savour now that she’s gone. Stephanie Savage was among those with a front-row seat to Godfrey’s tireless work on “Peggy” during what turned out to be the final ... Read More »
Be the first to comment!Banff residents vote against downtown pedestrian zone in plebiscite
By The Canadian Press on August 12th, 2024
BANFF, Alta. – Banff residents have given a thumbs down to a pedestrian zone in the community’s downtown, rejecting the idea in a plebiscite Monday. The Town of Banff posted unofficial results of the vote on its website, saying 1,328 votes were cast against the town council’s decision to have a pedestrian zone on Banff ... Read More »
Be the first to comment!Trump’s interview with Musk on X platform hamstrung by tech issues, with many users unable to join
By Meg Kinnard, The Associated Press on August 12th, 2024
Donald Trump’s big return to the social media platform formerly known as Twitter did not begin as planned. Trump and Elon Musk, X’s owner, were slated to have what the tech titan termed a “live conversation” at 8 p.m. Eastern Time. “Should be highly entertaining!” Musk posted ahead of the event. But while more than ... Read More »
Be the first to comment!Sun Life reports net income of $646 million in second quarter
By The Canadian Press on August 12th, 2024
TORONTO – Sun Life Financial Inc. says its net income slipped in the second quarter on a restructuring charge while its adjusted net income rose. The insurer says it had a net income of $646 million, down two per cent from the same quarter last year, as it took a $138 million restructuring charge related ... Read More »
Be the first to comment!Third person dies in Ontario in Listeria outbreak linked to plant-based milks
By Nicole Ireland, The Canadian Press on August 12th, 2024
TORONTO – A third person from Ontario has died in a Listeria outbreak connected to Great Value and Silk plant-based milks, the province’s Ministry of Health said Monday afternoon. The statement followed an update about the outbreak published Monday by the Public Health Agency of Canada, which said there were 20 confirmed cases of people ... Read More »
Be the first to comment!WSP Global announces US$1.78-billion deal to buy Power Engineers
By The Canadian Press on August 12th, 2024
WSP Global Inc. says it’s reached a deal to acquire U.S. consulting firm Power Engineers Inc. The Montreal-based company says the deal, worth US$1.78 billion, is expected to close in the fourth quarter. It says the Idaho-based Power has about 4,000 employees and has a proven track record of serving the most prominent power utilities ... Read More »
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