Business
Wall Street heads for second straight day of solid gains in a whipsaw week
By Matt Ott, The Associated Press on August 7th, 2024
NEW YORK (AP) – Stocks are bouncing higher on Wall Street again as a bit more fear washes out of global markets following a steep slide that began last week. The S&P 500 was 1% higher early Wednesday and on pace for solid back-to-back gains following a brutal three-day losing streak. The Dow Jones Industrial ... Read More »
Be the first to comment!Disney returns to profit in third quarter as streaming business starts making money for first time
By Michelle Chapman, The Associated Press on August 7th, 2024
Disney returned to a profitable third quarter as its combined streaming business started making money for the first time and the movie Inside Out 2 did well in theaters. Operating income for the entertainment segment nearly tripled to $1.2 billion thanks to better performances from its direct-to-consumer and content sales/licensing and Other segments. The Walt ... Read More »
Be the first to comment!Shopify reports US$171 second-quarter profit, revenue up 21% from year ago
By The Canadian Press on August 7th, 2024
OTTAWA – Shopify Inc. reported a profit in its latest quarter compared with a loss a year ago as its revenue increased 21 per cent. The e-commerce company, which keeps its books in U.S. dollars, reported net income of US$171 million or 13 cents US per diluted share for the quarter ended June 30. The ... Read More »
Be the first to comment!Disney returns to profits in third quarter as streaming business starts making money for first time
By Michelle Chapman, The Associated Press on August 7th, 2024
The Walt Disney Co. returned to a profitable third quarter as its combined streaming business started making money for the first time and the movie Inside Out 2 did well in theaters. For the period ended June 29, Disney earned $2.62 billion, or $1.43 per share. A year earlier it lost $460 million, or 25 ... Read More »
Be the first to comment!5 people killed in a helicopter crash in the mountains northwest of Nepal’s capital
By Binaj Gurubacharya, The Associated Press on August 7th, 2024
KATHMANDU, Nepal (AP) – All five people on board a helicopter were killed when it crashed Wednesday in the mountains just northwest of Nepal’s capital, authorities said. The bodies of four men and a woman were pulled from the wreckage, said Krishna Prasad Humagai, the government administrator of Nuwakot district. Police and army rescuers reached ... Read More »
Be the first to comment!Air Canada reports Q2 profit down from year ago, operating revenue up
By The Canadian Press on August 7th, 2024
MONTREAL – Air Canada reported a second-quarter profit of $410 million, down from $838 million a year earlier, as its operating revenue edged higher. The airline says its net income amounted to $1.04 per diluted share for the quarter, down from $2.34 per diluted share in the same quarter last year. Operating revenue totalled $5.52 ... Read More »
Be the first to comment!Alberta’s rooftop solar boom driving shady sales tactics, advocates warn
By Amanda Stephenson, The Canadian Press on August 7th, 2024
CALGARY – Surging demand for rooftop solar in Alberta is sparking what advocates call a rise in shady sales tactics by those seeking to cash in on the boom. With its sunny skies and deregulated power market, Alberta has become a hotbed of activity for Canada’s residential solar industry. In Calgary alone, the number of ... Read More »
Be the first to comment!Crane collapses in Vancouver as fire crews battle multiple blazes
By The Canadian Press on August 6th, 2024
Vancouver Fire and Rescue Services say a crane has collapsed on a construction site as crews battle multiple blazes that broke out Tuesday in the city’s west side. Firefighters are working to extinguish the fires in locations including on Dunbar Street and W. 41st Avenue. They say in an email a crane fell down but ... Read More »
Be the first to comment!Martinrea International earns $41 million in second quarter
By The Canadian Press on August 6th, 2024
TORONTO – Martinrea International Inc. says it earned $41 million in its second quarter, down from $50 million in the same quarter last year. Sales for the Toronto-based auto supplier were $1.3 billion, down from $1.4 billion a year earlier. Net earnings per share worked out to 54 cents, down from 62 cents. Martinrea says ... Read More »
Be the first to comment!Great-West Lifeco reports rise in second-quarter net earnings to $1 billion
By The Canadian Press on August 6th, 2024
WINNIPEG – Great-West Lifeco Inc. says its second-quarter earnings roughly doubled from last year as it benefited from interest rate movements and lower business expenses. The insurer says it had net earnings of $1 billion, or $1.08 cents per share, up from $498 million or 53 cents per share last year. Great-West says the gains ... Read More »
Be the first to comment!Woman charged with murder after human remains, chemicals found at Toronto apartment
By The Canadian Press on August 6th, 2024
Toronto police say they’ve charged a 22-year-old woman with first-degree murder after human remains and chemicals were allegedly found in an apartment in June. Police say on June 27, officers responded to a call at an apartment west of the city where they allegedly found biological remains and chemicals. They say that testing by Ontario ... Read More »
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