Intel avoids chip swoon — for now
Demand and China trade wars could eventually haunt the chip giant just like smaller rivals Intel Corp. managed to avoid the swoon in chip stocks on Thursday with far better than expected earnings, but clouds that loom on the horizon tamped down brief euphoria. After a stream of disappointing earnings or forecasts this week from […]
Alphabet stock falls after Google beats on earnings but sales come up short
Shares decline 3% after slight miss on sales that accounted for traffic-acquisition costs Alphabet Inc. stock fell roughly 4% in the extended session Thursday after the company reported better-than-expected profits that handily beat Wall Street expectations but missed revenue projections. Profits clocked in at $9.19 billion for the third quarter, or $13.06 a share, much […]
Massive Ford recall
Ford is recalling nearly 1.5 million Focus compact cars in North America because a fuel system problem can cause the engines to stall without warning. The recall covers cars from the 2012 through 2018 model years with 2-litre four-cylinder engines. Ford says a valve in the fuel system can stick in the open position, causing […]
Dam sale boosts Teck
Teck Resources Ltd. reported a profit of $1.3 billion in its third quarter, boosted by the sale of the Waneta Dam. The miner says the profit amounted to $2.23 per share for the three months ended Sept. 30, compared with $584 million or $1.01 per share a year ago. Revenue totalled $3.2 billion, up from […]
Postmedia $22.8M loss
Postmedia Network Canada Corp. continued to experience significant revenue erosion at its newspaper business during its fourth quarter, which ended with a $22.8 million net loss. The company, which owns the National Post as well as newspapers in several of Canada’s largest cities and smaller print and digital publications, said the loss amounted to 24 […]
Stock markets ‘topsy turvy’
If you’re an investor who was lulled to sleep by the stock market’s calm, steady gains this summer, you’re wide awake by now. Stocks have swooned over the last three weeks as investors worried about a sea of troubles, including rising interest rates, the trade tensions between the U.S. and China and slowing economies outside […]