Airbus SE agreed to acquire a majority stake in Bombardier Inc.’s CSeries program and will start assembling the jetliner in the U.S. The deal sent shares of Bombardier soaring in early trading Tuesday.
Marc Faber booted from Sprott board following racist comments
Veteran investor Marc Faber was asked to resign from the board of directors at Sprott Inc. after comments he made in his investment newsletter that America was better off because it was settled by white people instead of black people.
CP Rail reports 47% profit jump amid higher shipments
CP's net income rose to $510 million, or $3.50 per share, in the third quarter ended Sept. 30, from $347 million, or $2.34 per share, a year earlier.
IBM quarterly revenue slips on weak demand
The company's net income fell to US$2.73 billion, or US$2.92 per share, in the third-quarter ended Sept. 30, from US$2.85 billion, or US$2.98 per share, a year earlier.
Goldman Sachs earnings beat as bond trading falls less than expected
The bank's profit declined three per cent but its earnings per share handsomely beat analysts' estimates.
CSX profit up slightly on higher freight rates for quarter plagued with customer complaints
The Jacksonville, Florida-based railroad posted third-quarter net income of US$459 million, or 51 cents US per share, up from US$455 million, or 48 cents US per share a year earlier.
Harvey Weinstein resigns from Weinstein Co board after being fired as chief exec: Report
Weinstein was fired as chief executive of Weinstein Co on Oct. 8 but remained on the board of the company he co-founded with his brother. Weinstein has denied having non-consensual sex with anyone.
Snap, NBCUniversal launch studio to produce shows for Snapchat
The two companies have already produced at least three shows for Snapchat in an effort to reach more viewers as mobile audiences continue to grow.
Uber loses another senior exec as its European policy chief resigns: Report
Uber's European policy chief Christopher Burghardt has quit to join the electric vehicle charging network company Chargepoint.
How Sears could stir ‘a lot of instability’ in holiday season
While the company’s planned liquidation is sure to reverberate through the industry heading into year’s end, a pair of retail experts say the only certainties it brings are instability and uncertainty.