Business
Rogers records $511 million profit in Q1 as it prepared to close Shaw deal
By The Canadian Press on April 26th, 2023
TORONTO – Rogers Communications Inc. saw its profit increase by 30 per cent to $511 million in its most recent quarter as it prepared to close a deal to buy Shaw Communications Inc. The Toronto-based telecommunications company says its first-quarter profit compared with a net income of $392 million in the same period last year. ... Read More »
Be the first to comment!Teck Resources cancels shareholder vote on separation plan ahead of annual meeting
By The Canadian Press on April 26th, 2023
VANCOUVER – Teck Resources Ltd. says it will not go ahead with a key shareholder vote on its plan to separate its metals and steelmaking coal businesses into two companies. The announcement comes just hours ahead of the company’s annual meeting. Teck board chair Sheila Murray says the board will focus on incorporating the feedback ... Read More »
Be the first to comment!China’s Xi, Zelenskyy speak for first time since war started
By David Rising, The Associated Press on April 26th, 2023
KYIV, Ukraine (AP) – Ukrainian President Volodymyr Zelenskyy said he and Chinese leader Xi Jinping had a “long and meaningful” phone conversation Wednesday, their first known contact since Russia’s invasion of Ukraine more than a year ago. The phone call, which official said lasted nearly an hour, is a significant development in efforts to resolve ... Read More »
Be the first to comment!China’s Xi, Ukraine’s Zelenskyy discuss Ukraine war by phone
By Kyiv,Ukraine, The Associated Press on April 26th, 2023
Chinese leader Xi Jinping and Ukrainian President Volodymyr Zelenskyy spoke by phone Wednesday for the first time since Russia’s invasion, two months after Beijing said it wanted to act as a peace mediator in the war against Ukraine and after Xi visited Moscow last month. Zelenskyy said he had “a long and meaningful phone call” ... Read More »
Be the first to comment!UK blocks Microsoft-Activision gaming deal, biggest in tech
By Kelvin Chan, The Associated Press on April 26th, 2023
LONDON (AP) – British regulators on Wednesday blocked Microsoft’s $69 billion purchase of video game maker Activision Blizzard, thwarting the biggest tech deal in history over worries that it would stifle competition in the fast-growing cloud gaming market. The Competition and Markets Authority said in its final report that “the only effective remedy” to the ... Read More »
Be the first to comment!Cenovus reports Q1 profit down, lowers production guidance and raises dividend
By The Canadian Press on April 26th, 2023
CALGARY – Cenovus Energy Inc. lowered its production guidance for the year and raised its dividend as it reported a first-quarter profit of $636 million, down from $1.6 billion in the same quarter last year. The company says it will now pay a base quarterly dividend of 14 cents per share, up from 10.5 cents. ... Read More »
Be the first to comment!UK blocks Microsoft’s Activision deal over competition fears
By London, The Associated Press on April 26th, 2023
British regulators have blocked Microsoft’s $69 billion deal to buy video game maker Activision Blizzard over worries that it would stifle competition in the cloud gaming market. The Competition and Markets Authority said in its final report Wednesday that “the only effective remedy” to the significant loss of competition that the deal would result in ... Read More »
Be the first to comment!Teck Resources reports Q1 profit down from year ago ahead of key shareholder vote
By The Canadian Press on April 26th, 2023
VANCOUVER – Teck Resources Ltd. reported its first-quarter profit fell compared with a year ago, ahead of a key shareholder vote Wednesday on its plan to split the company’s metals and steelmaking coal businesses into two separate companies. The mining company, which is facing an unsolicited takeover attempt by Swiss commodities trader Glencore, says its ... Read More »
Be the first to comment!Teck separation shareholder vote results to be made public Wednesday
By The Canadian Press on April 26th, 2023
VANCOUVER – The results of a key vote by shareholders of Teck Resources Ltd., which is facing a hostile takeover attempt by Swiss commodities trader Glencore, will be made public Wednesday. It’s a critical moment for the Vancouver-based mining company, which has been working to secure support for its plan to split the company’s metals ... Read More »
Be the first to comment!Japanese company: ‘High probability’ lander crashed on moon
By Marcia Dunn, The Associated Press on April 25th, 2023
A Japanese company’s spacecraft apparently crashed while attempting to land on the moon Wednesday, losing contact moments before touchdown and sending flight controllers scrambling to figure out what happened. More than six hours after communication ceased, the Tokyo company ispace finally confirmed what everyone had suspected, saying there was “a high probability” that the lander ... Read More »
Be the first to comment!Tokyo company: ‘High probability’ spacecraft crashed on moon
By Marcia Dunn, The Associated Press on April 25th, 2023
A Japanese company’s spacecraft apparently crashed while attempting to land on the moon Wednesday, losing contact moments before touchdown and sending flight controllers scrambling to figure out what happened. More than six hours after communication ceased, the Tokyo company ispace finally confirmed what everyone had suspected, saying there was “a high probability” that the lander ... Read More »
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