Business
Stock market today: Wall Street sees mixed results after late-day selling, drop for Nvidia
By Damian J. Troise And Alex Veiga, The Associated Press on August 29th, 2024
NEW YORK – Stocks closed with mixed results on Wall Street after some late-day selling. The S&P 500 was essentially flat after giving up an earlier gain of nearly 1%. The Nasdaq fell 0.2%, while the Dow Jones Industrial Average managed a gain of 243 points, or 0.6%. Nvidia weighed on the market with a ... Read More »
Be the first to comment!Serbia announces $3 billion deal to buy 12 French warplanes, in a shift away from Russia
By Dusan Stojanovic, The Associated Press on August 29th, 2024
BELGRADE, Serbia (AP) – Serbian President Aleksandar Vucic on Thursday announced a $3 billion deal to buy 12 French warplanes, in a move that shifts his country away from its dependence on Russian arms. The announcement was made during a joint news conference with French President Emmanuel Macron, who was on a two-day visit to ... Read More »
Be the first to comment!Longshore worker unions denounce federal intervention in railway labour conflict
By The Canadian Press on August 29th, 2024
MONTREAL – Unions representing longshore workers at the country’s major ports are promising to put pressure on the federal government if it won’t commit to staying out of potential labour disputes in the sector. Labour union leaders representing dock workers in Vancouver, Montreal and Halifax told reporters today they are ready to mobilize against Ottawa ... Read More »
Be the first to comment!Onex signs deal for aircraft parts supplier Farsound Aviation
By The Canadian Press on August 29th, 2024
TORONTO – Onex Corp. says it has signed a deal to buy Farsound Aviation Ltd., a British company specialized in supplying aircraft parts for engine maintenance and repairs. Financial terms of the agreement by the Onex Partners Opportunities Fund, which partnered with Farsound’s management team on the deal, were not disclosed. The fund is buying ... Read More »
Be the first to comment!Houthi video shows the Yemeni rebels planted bombs on tanker now threatening Red Sea oil spill
By Jon Gambrell, The Associated Press on August 29th, 2024
DUBAI, United Arab Emirates (AP) – Yemen’s Houthi rebels released footage on Thursday showing their fighters boarded and placed explosives on a Greek-flagged tanker, setting off blasts that put the Red Sea at risk of a major oil spill. The vessel was abandoned earlier, after the Houthis repeatedly attacked it. In the video, the Iran-backed ... Read More »
Be the first to comment!The prestigious Michelin Guide is now searching for Quebec’s culinary stars
By The Canadian Press on August 29th, 2024
QUEBEC – The Michelin Guide is on a quest to find culinary gems in Quebec. The prestigious restaurant guide says its anonymous inspectors are scouring the province for Michelin star-worthy eateries and will reveal their selections in 2025. Quebec is now the third Michelin Guide destination in Canada, joining Toronto and Vancouver. Michelin says its ... Read More »
Be the first to comment!Yemen’s Houthi rebel video shows they planted bombs on tanker now threatening Red Sea oil spill
By The Associated Press on August 29th, 2024
DUBAI, United Arab Emirates (AP) – Yemen’s Houthi rebels released footage Thursday showing that they boarded and intentionally set explosives aboard a Greek-flagged tanker that had been abandoned after they repeatedly attacked it, putting the Red Sea at risk of a major oil spill. The Houthis chanted their group’s motto as the explosives detonated aboard ... Read More »
Be the first to comment!High cost of travel nurses helps drive deficit forecast in New Brunswick
By The Canadian Press on August 29th, 2024
FREDERICTON – An update today from the New Brunswick government shows an unexpected deficit of $27.6 million for the current fiscal year, driven in part by the high cost of travel nurses. The figure marks a sharp reversal from the $40.9-million surplus initially forecast in the provincial budget unveiled in March. Today’s report on the ... Read More »
Be the first to comment!Shares of Parex Resources drop after company cuts production forecast
By The Canadian Press on August 29th, 2024
CALGARY – Shares of Parex Resources Inc. were down nearly 30 per cent in early trading after the company cut its production guidance for the year and said its chief financial officer was leaving to pursue another opportunity. The company, which has operations in Colombia, says the midpoint of its production guidance for its 2024 ... Read More »
Be the first to comment!Divide emerges as big banks cope with strained consumers
By Sammy Hudes, The Canadian Press on August 29th, 2024
TORONTO – Canadian Imperial Bank of Commerce reported its third-quarter profit rose compared with a year ago as it set aside less money for bad loans, bucking a trend seen this quarter among other banks. CIBC said Thursday its net income totalled $1.80 billion or $1.82 per diluted share in for the quarter ended July ... Read More »
Be the first to comment!Stock market today: Wall Street rises as market focus turns from Nvidia to the US economy
By Damian J. Troise, The Associated Press on August 29th, 2024
NEW YORK (AP) – Stocks rose on Wall Street Thursday as markets shift their focus back to the U.S. economy. The S&P 500 rose 0.8% in morning trading and is less than 1% away from its record set in July. The Dow Jones Industrial Average added 262 points, or 0.6%, and is on track to ... Read More »
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