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CBJ News

UK’s Tesco Cuts 4,500 Jobs

Tesco is cutting another 4,500 jobs in the United Kingdom in an attempt to be more flexible in an evolving retail environment. Great Britain’s largest supermarket chain says most of the job [...]

Trade Surplus Narrowed in June

CBJ — The country’s trade surplus narrowed in June to a scant $136 million, as both exports and imports dropped largely due to trade decreases in crude oil, aircraft and other [...]

Amazon May Invest in Reliance

CBJ Reports indicate that Amazon.com is interested in buying a stake in Reliance Industries of India. Amazon’s overwhelming online presence could help Reliance’s consumer and private labels [...]

Minivan Sales Still Declining

CBJ — Despite the continued erosion of sales of the once-popular minivan, most automotive analysts believe the vehicles will continue production. Minivans were all the rage in the 1990s and [...]

SNC-Lavalin Posts Huge $2.1 Billion Loss

CBJ — Beleaguered Montreal-engineering firm SNC-Lavalin Group is cutting its quarterly dividend for shareholders by a whopping 80% following a massive $2.1 billion net loss in its second [...]

Bombardier to Invest $300M More on Rail Division

CBJ — Montreal-based Bombardier has raised its profit forecast for this year after announcing hundreds of millions in spending to increase capacity at its train-making unit. Bombardier [...]

GE Raises Yearly Forecast

CBJ — General Electric has raised its yearly forecast following a modest improvement at some of its industrial units. However, despite that optimism the company still posted a net loss, [...]

GDP Up 0.2% in May

CBJ — The Canadian economy grew for a third consecutive month in May, rising 0.2% overall as 13 of 20 sectors moved upwards. Statistics Canada says the increase in real gross domestic [...]

Former Audi CEO Charged with Fraud

CBJ — Former Audi CEO Rupert Stadler has been charged with fraud over the Volkswagen’s subsidiary’s role in an emissions cheating scandal. In a release to the media, German [...]

Uber Lays Off 400 Marketers

CBJ — Uber is laying off 400 employees in marketing, or about one-third of the company’s global marketing workforce team of 1,200 people. The move follows a leadership shake-up in [...]

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