242K in Drugs Seized in Fort McMurray, 6 Face 35 Charges
RCMP seized cocaine, prescription pills, two handguns, and cash in Fort McMurray. Six individuals face a total of 35 charges following the investigation.
Category : Corporate News
GameStop's $56B eBay Bid Aims to Rival Amazon
GameStop offers $56 billion to acquire eBay, aiming to transform stores into drop-off hubs and compete with Amazon. eBay confirms bid, will review.
Spirit Airlines Seeks Retention Payment Approval
Spirit Airlines has requested court approval to pay retention bonuses to key employees as it prepares to cease operations, according to a recent filing.
Tyson Foods Profit Beats on Chicken Strength
Tyson Foods reported better-than-expected quarterly profits, driven by strong demand for chicken products, despite higher feed costs and supply chain challenges.
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Grand River Transit Workers Ratify Three-Year Deal
Grand River Transit workers in Waterloo Region have ratified a new three-year collective agreement, ending labor negotiations and ensuring continued bus services.
Copper Costs Negative for Southern, Vale on Byproduct Surge
Surging gold and silver prices have driven copper production costs negative for Southern Copper and Vale, boosting profits amid record copper demand.
Estée Lauder to Cut 3,000 Jobs in CEO Overhaul
Estée Lauder plans to cut up to 3,000 additional jobs, raising total layoffs to 10,000, as CEO Stéphane de La Faverie accelerates restructuring to boost online sales and cut costs.
US Oil Profits Decline on Paper in Q1, But Reality Differs
Major US oil companies reported lower first-quarter profits due to accounting adjustments, though operational earnings remained strong amid stable crude prices.
Estee Lauder to Cut 3,000 More Jobs, Lifts Profit Forecast
Estee Lauder plans to eliminate up to 3,000 additional jobs amid restructuring, while raising its annual profit forecast due to cost-saving measures.
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Exxon Beats Q1 Earnings Estimate Despite Iran Conflict
ExxonMobil surpassed first-quarter earnings expectations despite disruptions from the Iran conflict, reporting strong operational performance.
Imperial Oil Q1 Profit Falls Amid Market Challenges
Imperial Oil posts lower first-quarter profit, reflecting weaker margins and lower production. The company cites market conditions and operational costs.
Magna Q1 2026 Sales Rise 3%, Adjusted EBIT Up 58%
Magna International reports strong Q1 2026 results with sales of $10.4B, adjusted EBIT up 58% to $558M, and free cash flow of $372M. Company maintains positive outlook.
JP Morgan Exec Lorna Hajdini Allegedly Drugged Junior Employee
A former JP Morgan executive, Lorna Hajdini, is accused of drugging and verbally abusing a junior employee, with claims of threatening language and misconduct.
Mastercard Falls on Cross-Border Spending Slowdown
Mastercard shares fell 4.2% after warning cross-border spending growth slowed to 2% in April, down from 8% in Q1. Q1 net revenue hit $8.4B, beating estimates.
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Air Canada Q1 2026 Revenue Hits Record $5.8 Billion
Air Canada reports record first quarter 2026 operating revenues of $5.8 billion, operating income of $117 million, and adjusted EBITDA of $623 million, while suspending full-year guidance.
Lumina Metals Shares Dip After $406M Toronto IPO
Lumina Metals Corp. shares fell 2% after its $406.2 million IPO on the Toronto Stock Exchange. Proceeds will fund copper and silver projects in Poland.
America's Bond-Market Privilege Fades as U.S. Debt Soars
U.S. Treasuries are losing their safe-haven status as soaring debt and inflation erode their convenience yield, with analysts warning of a permanent shift.
Gildan Reports Q1 Loss During HanesBrands Integration
Gildan Activewear reported a first-quarter loss as it works to integrate the HanesBrands acquisition. The company faces challenges in combining operations.
Whitecap Q1 Cash Flow Surges, Profit Falls on Hedging
Whitecap Resources' Q1 cash flow from operations topped $1 billion, driven by record production. Net income fell sharply due to a $530M non-cash hedging loss.
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Canada Packers Q1 Earnings $43.8M as Sales Fall
Canada Packers reported Q1 earnings of $43.8 million, with sales declining. The company faces challenges in a shifting market landscape.
LIV Golf New Chairman Seeks Non-Saudi Funding
LIV Golf has named a new chairman and is pursuing external investment to reduce reliance on Saudi Arabia's Public Investment Fund, sources say.
Ex-Hawks exec sentenced for embezzling $3.7M
A former Atlanta Hawks executive was sentenced to prison for embezzling $3.7 million from the NBA team over several years, using funds for personal expenses.
Alamos Gold Reports Record Q1 2026 Results
Alamos Gold reported record Q1 2026 revenues of $596.7M, driven by strong production at Island Gold. Free cash flow reached $101.7M, with net earnings of $191.4M.
Rogers Adds 2,600 Jobs in Western Canada Since 2021 Merger
Rogers Communications has created 2,600 jobs in Western Canada since its 2021 merger with Shaw, while now offering voluntary buyouts to 10,000 employees, about half its workforce.
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Smash-and-Grab at Henry's Camera in Barrie
Police are investigating a smash-and-grab attack at Henry's Camera store in Barrie's south end, where several display cases were shattered.
Two Men Charged in Skyview Ranch Mailbox Thefts
Calgary police have charged two men in connection with a series of mailbox thefts in Skyview Ranch, recovering stolen mail and tools used in the crimes.
CN Rail Q1 Profit $1.15B, Down Slightly Year-Over-Year
Canadian National Railway reported first-quarter profit of $1.15 billion, a slight decrease from $1.16 billion a year earlier, amid changing economic conditions.
Aecon Posts $17.9M Q1 Loss, Improving from Last Year
Aecon Group Inc. reported a first-quarter loss of $17.9 million, an improvement from the $37.9 million loss in the same period last year, citing operational efficiencies.
Barrick Names Key Executives for North American Unit Post IPO
Barrick Gold appoints senior leadership for its newly independent North American operations following the initial public offering of the unit.
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Rogers Offers Buyouts to 10,000 Employees
Rogers Communications is offering voluntary departures to roughly 10,000 employees, nearly half its workforce, according to a report.
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