CBJ News

Sainsbury’s Merger Blocked in UK

CBJ — British regulators have refused Sainsbury’s $12 billion purchase of Walmart’s Asda unit amid concerns the deal would have increased prices and reduced the quality and [...]

Bombardier Cuts Financial Outlook

CBJ — Bombardier is cutting its financial guidance for the year due to lower expectations at its transportation business and commercial aircraft division. The news immediately sent shares [...]

Ford Invests $500M in Electric Vehicle

CBJ — Ford Motor Co. is investing $500 million into electric vehicle startup Rivian in a deal that has the companies working together on developing a new Ford electric vehicle. Ford become [...]

B-of-C Interest Rate Remains 1.75%

CBJ — It came as little surprise when the Bank of Canada announced it would be keeping its key interest rate unchanged at 1.75% fueled by a downgraded 2019 growth forecast and a prediction [...]

PEI Elects PC Minority Gov’t

CBJ — Much like the Liberal party in Ontario, the governing Liberals in PEI have gone from the penthouse to the outhouse, finishing third in Tuesday’s provincial election, which was [...]

Wholesale Sales Up

CBJ — Wholesale sales posted their third consecutive monthly gain, increasing 0.3% to $63.7 billion in February. Figures compiled by Statistics Canada reveal that wholesale sales gains were [...]

Twitter Posts Solid Q1 Report

CBJ — Twitter is getting a lot of attention today. First, the social media giant announced a very strong earnings report for its fiscal first quarter. Second, U.S. President Donald Trump [...]

P&G Posts Strong Quarterly Earnings

CBJ — Procter & Gamble has reported fiscal third-quarter net income of $2.75 billion, surpassing the expectations of most financial analysts. On a per-share basis, the Cincinnati-based [...]

Sears Suing Former Chair Lampert

CBJ — Bankruptcies are seldomly completed without a high degree of mistrust and allegations of wrongdoing and such is the case with the iconic retailer Sears, which was once the leading [...]

Fiat Chrysler Recall

CBJ — Fiat Chrysler Automobiles is recalling more than 320,000 Dodge Dart compact cars in North America — including more than 20,000 here in Canada — that could roll away because of a [...]

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