Archives for May 25, 2019

Best Buy cancels all Galaxy Fold pre-orders

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It’s still unclear when the device will be ready.

In another blow to Samsung’s Galaxy Fold, Best Buy announced that it’s canceling all current Galaxy Fold pre-orders. That’s not entirely surprising given all of the drama around the Fold and the lack of concrete details from Samsung. But Best Buy could be the first of several retailers to make the call. Samsung itself is canceling pre-order for people who don’t confirm that they still want one by May 31st.

“We put our customers first and want to ensure they are taken care of in the best possible manner,” Best Buy said in a statement explaining its decision. The company softened the blow by praising the Fold. It called it “one of the most curious and highly anticipated devices of 2019” and said hurdles and unforeseen hiccups are not uncommon with breakthrough designs and technology.

This is just the latest in Samsung’s Galaxy Fold saga. The company delayed the phone’s launch a month ago, after several review units broke. But it still hasn’t provided an updated US release date, and it postponed launch events in China. As Engadget reported previously, the FTC’s distance selling regulations require a company to ship its devices within the time it stated, or if it didn’t state a time, within 30 days. If it cannot meet those stipulations, it needs a customer’s consent to delay or cancel pre-orders. For Samsung, that means it would need to ship or gain consent to the delay by May 31st. With that date quickly approaching, the Fold remains in limbo.

Apple reportedly buys asthma-monitoring startup

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Tueo Health was working on an app to track symptoms while kids slept.

Apple has snapped up a company called Tueo Health, which was working on an app to help parents monitor asthma symptoms of their sleeping kids, according to CNBC. The startup’s CEO and chief operating officer switched their employer to Apple on LinkedIn late last year, which is when the deal seems to have closed. Apple declined to comment to Engadget on the report.

Apple CEO Tim Cook noted earlier this month that his company buys another business every few weeks, with a focus on acquiring talent and intellectual property. It’s not clear how much Apple shelled out for Tueo. The company was working on an app that connected to breathing sensors to monitor symptoms. If a child’s breathing changed during the night, the app would alert their parents.

It’s clear that Apple is keen on expanding its health offerings, made evident by the electrocardiogram and fall detection features in Apple Watch Series 4. Reports suggest Apple will reveal several new health-minded features for iOS 13 at the Worldwide Developers Conference early next month.

Stocks to Watch: Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Up +1.31%

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At close of market on Thursday, Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) stock finished trading at +1.31%, bringing the stock price to $50.23 on the Toronto Stock Exchange. The stock price saw a low of $49.37 and a high of $50.35.

The company’s stock was traded 2,441 times with a total of 442,121 shares traded.

Canadian Apartment Properties Real Estate Investment Trust has a market cap of $7.65 billion, with 152.31 million shares in issue.

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company’s real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT’s holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT’s total housing units.

Stocks to Watch: Fortis Inc. (TSX:FTS) Up +1.08%

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At close of market on Thursday, Fortis Inc. (TSX:FTS) stock finished trading at +1.08%, bringing the stock price to $50.67 on the Toronto Stock Exchange. The stock price saw a low of $50.50 and a high of $50.90.

The company’s stock was traded 5,576 times with a total of 1,022,064 shares traded.

Fortis Inc. has a market cap of $21.84 billion, with 430.93 million shares in issue.

Fortis owns and operates utility transmission and distribution assets in Canada and the United States, serving more than 2.5 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in eight U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation.

Stocks to Watch: TFI International Inc. (TSX:TFII) Down -1.35%

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At close of market on Thursday, TFI International Inc. (TSX:TFII) stock finished trading at -1.35%, bringing the stock price to $43.27 on the Toronto Stock Exchange. The stock price saw a low of $43.01 and a high of $43.76.

The company’s stock was traded 1,136 times with a total of 142,206 shares traded.

TFI International Inc. has a market cap of $3.66 billion, with 84.54 million shares in issue.

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.

Stocks to Watch: Canadian Western Bank (TSX:CWB) Down -2.71%

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At close of market on Thursday, Canadian Western Bank (TSX:CWB) stock finished trading at -2.71%, bringing the stock price to $27.98 on the Toronto Stock Exchange. The stock price saw a low of $27.77 and a high of $28.39.

The company’s stock was traded 1,563 times with a total of 210,035 shares traded.

Canadian Western Bank has a market cap of $2.44 billion, with 87.23 million shares in issue.

Canadian Western Bank is a diversified financial service organization providing banking, trust, and wealth management services. The group operates through a number of subsidiaries providing different areas of financial services. Canadian Western Bank offers business banking services including general commercial banking, equipment financing and leasing, real estate financing, and other services for small- and medium-sized companies, as well as personal banking services including chequing and savings accounts, loans, mortgages, and investment products. Canadian Western Trust is engaged in retirement, trustee, and custodial solutions for financial advisors, corporations, and individuals. The company receives maximum revenue from interest income.