CBJ News

Imperial Oil Has Good 3rd Quarter

CBJ — Energy company Imperial Oil earned just under $750 million in its fiscal third quarter, marking a two-fold increase in profit from 2017. In fact, the profit works out to 94 cents per [...]

Jobless Rate Down; Fewer Seek Work

CBJ — the national unemployment rate moved down to 5.8% but much of that is due to the fact less people were actively searching for work. According to Statistics Canada the latest numbers [...]

GM Offers Buyouts to 18,000

CBJ — Despite posting a strong third-quarter profit, Detroit-based General Motors is offering about 18,000 white-collar workers early buyouts as a means to further cut down on operating [...]

Encana Buying Newfield for $5.5B

CBJ — Encana has signed a deal to acquire Newfield Exploration in an all-stock offer for about US$5.5 billion. As part of the deal Encana will also assume US$2.2 billion of Newfield debt. [...]

Google Workers Stage Walkout

CBJ — Some members of Google’s staff walked off the job on Thursday to protest what they say are lenient treatment of executives accused of sexual misconduct. Employees staged [...]

Yum Has Solid 3rd Quarter

CBJ — Yum Brands posted solid third-quarter revenue and profit, thanks mainly to the robust sales figures generated by KFC and Taco Bell. However, Pizza Hut posted somewhat disappointing [...]

GM Posts Strong 3rd Quarter

CBJ — General Motors posted a strong third-quarter profit of $2.5 billion, or $1.75 per share. Revenue at GM was up 6.4% to almost $36 billion. The average sale price of a vehicle in the [...]

GDP Up Due to Oil & Gas

CBJ — The national gross domestic product was up in August, thanks largely to the performance of the oil and gas sector. Figures released by Statistics Canada show real gross domestic [...]

Difficult Times for GE

CBJ — General Electric CEO Larry Culp has announced the company has cut its quarterly dividend to a penny a share and plans to restructure its power unit as an accounting probe deepens. The [...]

SaskPower and Manitoba Hydro Reach Deal

CBJ — SaskPower has made a purchase agreement with Manitoba Hudro that will see up to 215 megawatts of electricity sent into Saskatchewan starting in 2022. The new agreement is in addition [...]

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