CBJ News

Tesla Financing Plans

CBJ — Tesla CEO Elon Musk says his company could seek alternative sources of financing although it expects cash generated from its business to be enough to fund its investments and pay down [...]

Freshii CFO Resigns

CBJ — Freshii Chief Financial Officer Craig De Pratto is leaving the company he joined five years ago in order to pursue other career opportunities. De Pratto’s official last day will [...]

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 [...]

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