Friday, April 26, 2019

Boeing halts stock buybacks and cancels 2019 outlook amid 737 Max uncertainty

Boeing is pulling its 2019 forecast over 737 Max uncertainty and says it's suspending its stock buybacks. https://www.cbc.ca/news/business/boeing-earnings-1.5108698?cmp=rss

Google’s Wing Aviation gets OK for drone deliveries in U.S.

Google affiliate Wing Aviation can start delivering goods by drone in Virginia later this year after being the first company to get...

What African swine fever means for Canada’s pork industry

African swine fever is spreading quickly in China and has caused producers to cull massive numbers of pigs to stop the spread....

‘Passengers are afraid of this airplane’: How Boeing is handling its 737 Max problem

Boeing has technical fixes for the 737 Max airliner and new training for pilots in the wake of two disastrous crashes. Now...

CP’s profit soared on higher crude revenues despite ‘toughest’ of quarters: CEO

The head of CP says heavy snowfall and frigid temperatures cooled the company's quarterly results despite a 25-per-cent boost in profits thanks...

TSX, S&P 500 hit new closing highs on Tuesday

The two best known stock indexes in Canada and the U.S. closed at record highs on Tuesday, as the price of oil...

Canada’s anti-spam law used against ex-CEO of coupon marketing company

The Canadian Radio-television and Telecommunications Commission is seeking $100,000 from Brian Conley for allegedly allowing or ignoring violations of the law while...

Samsung delays launch of folding phone after screen failures

The company had been planning to release the Galaxy Fold on Friday, but instead it will now run more tests and announce...

Twitter profits rise as quarterly ad revenue doubles

The company said net income for the first three months of the year rose on strong ad demand. Daily users rose 11%...

TV subscriptions will be outnumbered by streaming customers next year, report predicts

The number Canadian households paying for at least one streaming video service will eclipse traditional TV subscribers for the first time next...