Company News

The head of Canada Post says it is showing “early signs” of financial recovery despite falling revenue and bigger losses in the first half of the year.

A Singapore-based mining company has entered an agreement to acquire the beleaguered Eagle Gold mine in the Yukon for $140M, more than two years after it was shut down, with plans to invest a further $1.4B in operations and other costs.

Union Pacific beat Wall Street estimates for third-quarter profit on Thursday, helped by core pricing gains, but flagged a hit from higher fuel prices.

Lockheed Martin raised its annual sales and profit forecasts after beating Wall Street estimates for third-quarter results.

Power Sustainable Lios Inc. says it has bought Fine Choice Foods Ltd., a maker of refrigerated Asian appetizers and owner of the Summ! brand.

Mullen Group Ltd. reported a third-quarter profit of $51.5 million, up from $33.2 million a year ago, as its revenue rose 16 per cent.

Tesla’s shares slid five per cent in premarket trading on Thursday as the EV maker’s reduced capital spending forecast raised questions about the pace of investment behind Elon Musk’s AI, robotics and autonomous-driving ambitions.

Blackstone, the world’s largest alternative asset manager, posted a drop in third-quarter earnings on Thursday, as a turbulent market environment weighed on its ability to cash in on investments.

South Africa set a record with a train hundreds of cars and dozens of kilometres long on Monday.

Tesla cut its annual capital expenditure forecast by a fifth and posted positive free cash flow in the third quarter, after investing far less in its AI and robotics ambitions than expected.

It’s the end of an age for Alberta’s only AAA video game studio as BioWare announced Wednesday it would be shutting down.

AT&T expects average revenue per fiber customer to extend its third-quarter decline into the fourth, as more customers sign up for discounted bundles, suggesting its subscriber-growth strategy is coming at the cost of lower spending per user.

Swiss skincare firm Galderma, Brazilian cosmetics group Natura and beauty giant L’Oreal are testing treatments for consumers worried about facial sagging and volume loss, looking to capitalize on a growing market tied to the boom in obesity drugs.

EBay will lay off about nine per cent of its workforce as the online marketplace looks to simplify operations and shift resources to its fastest-growing areas, CEO Jamie Iannone told staff in a memo that was reviewed by Reuters.

A New Mexico judge ruled Wednesday that Meta must pay US$25 billion to the state after a jury found last month that the social media giant had deceived users in a case related to the Cambridge Analytica scandal, according to media reports.