The company has also been facing tough competition from Microsoft Corp, Citrix Systems and International Business Machines in the security software segment, with revenue in the unit falling 7.5% to $111 million from a year ago. The company said in an earnings call that cybersecurity segment revenue in the third quarter is expected to be flat year-on-year. However, revenue at the company's Internet of things (IoT) unit, which includes the QNX software for automotive customers, rose about 28% to $51 million as it signed up more customers.
The shift to remote working across most industries was accelerated by the COVID-19 pandemic with cloud call center companies such as Five9 Inc seeing a boom in business. Amazon, the world's largest online retailer, is also encouraging its customer service employees at some call centers in the country to work from home in a move that would save money on real estate, the report added. The company's cloud computing division, Amazon Web Services, also sells Amazon Connect software that enables companies serve their customers using remote networks.
ONE Properties, a privately owned, integrated real estate investment firm, formally announced the opening of its Bow River Shopping Centre in Calgary. The 15.2-acre site is comprised of retail and residential developments with an 86,200 sq. ft. Real Canadian Superstore serving as the anchor tenant. A new Real Canadian Liquor Store has also opened its doors in the same retail centre next to Dollarama. In the coming months, more businesses will be open — Edo Japan, Subway, BarBurrito, Wayback Burg
News publishers using the Apple News aggregation app can connect their digital publishing tools to Apple News to send push notifications to Apple customers who subscribe to the publisher's channel. Fast Company said hackers broke into those publishing tools.
(Reuters) -U.S. regulators on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps. The sweeping industry probe, first reported by Reuters last year and subsequently disclosed by multiple lenders, is a landmark case for the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), marking one their largest collective resolutions.
TORONTO — Dye & Durham Ltd. says it is planning to buy back up to five per cent of its shares in an normal course issuer bid. The Toronto-based company says it will buy back up to 3,457,508 of its shares over the next 12 months starting on Friday. The company says it is buying back its shares because it believes that, from time to time, the market price of the shares may not fully reflect the underlying value of its business and future prospects. By buying back its shares, a company spreads its
The lack of clear progress on inflation means the Federal Reserve needs "moderately restrictive" interest rates that should reach a level between 4.25% and 4.50% by the end of this year, Atlanta Fed President Raphael Bostic said on Wednesday. "Inflation is still high ... and it is not moving with enough speed back down to our 2% target," Bostic said in a conference call from Atlanta, adding that his baseline outlook is for the U.S. central bank to hike rates by three-quarters of a percentage point at its November policy meeting and by half a percentage point at the December gathering. That puts Bostic at the median of his colleagues who projected last week that they would need to lift the Fed's target policy rate an additional 1.25 percentage points at the two remaining meetings this year.
Canada Post unveiled today four new stamps that encourage awareness and reflection on the tragic legacy of Indian residential schools and the need for healing and reconciliation. The stamps – being released September 29 in connection with the National Day for Truth and Reconciliation on September 30 – are the first in an annual series showcasing the visions of First Nations, Inuit and Métis artists for the future of truth and reconciliation.
The Financial Services Regulatory Authority of Ontario (FSRA) is strengthening its supervisory activities for Managing General Agencies (MGAs) and licensed agents in the life and health insurance sector.
Investors pedalled into another cycle of selling on Thursday as the dollar tightened its stranglehold on currency markets, recession fears sapped stocks and bonds suffered more interest rate pain. The STOXX 600 share index was still down 1.3% having opened 2% lower and both the euro and the pound, hammered over the last week by UK debt concerns, were struggling again. China currency intervention talk was gathering momentum too while Europe's government bond markets were braced for the highest German inflation reading since the 1950s.
KYIV, Ukraine (AP) — The Kremlin paved the way Tuesday to annex more of Ukraine and escalate the war by claiming that residents of a large swath overwhelmingly supported joining with Russia in stage-managed referendums the U.S. and its Western allies have dismissed as illegitimate. Pro-Moscow officials said all four occupied regions of Ukraine voted to join Russia. According to Russia-installed election officials, 93% of the ballots cast in the Zaporizhzhia region supported annexation, as did 87
The ESG credit indicators, ESG scores, and ESG evaluations that S&P publishes "appear to politicize what should be a purely financial decision", Paxton said in a statement on Wednesday. The probe is being led by Missouri and underscores a push by Republican-led states against what they see as a "woke" bias at financial companies.
Sterling and the euro fell on Thursday as Prime Minister Liz Truss defended her government tax-cutting budget, while relief at the Bank of England's intervention in bond markets faded. Investors also awaited German inflation data. The British currency jumped the most since mid-June on Wednesday after the BoE announced an emergency bond-buying plan to shore up a gilt market that had been in freefall with the pound.
Fire & Flower Holdings Corp. ("Fire & Flower" or the "Company") (TSX: FAF) (OTCQX: FFLWF), a leading cannabis consumer retail and technology platform announced today that in collaboration with its strategic partner, Alimentation Couche-Tard Inc. ("ACT"), that Spark Perks™ members can now experience a new fast and convenient way of shopping for cannabis in the Greater Toronto Area through Circle K's new co-located store in the Brampton market.
The stock market is heading into a new downturn, allowing investors to buy quality stocks for a bargain. Here are two stellar options for securing passive income. The post New Investors: The 2 Best Options to Earn Regular Passive Income appeared first on The Motley Fool Canada.
BEIJING (AP) — European stocks tumbled Thursday and Asian markets were mixed after British Prime Minister Liz Truss defended a tax-cut plan that rattled investors. London's market benchmark plunged 2.3% and Frankfurt lost 1.9% in early trading. Shanghai and Hong Kong also declined. Tokyo and Seoul advanced. The future for Wall Street's benchmark S&P 500 index was down 1.3%. Oil prices lost more than $1 per barrel after jumping more than $3 the previous day. Stocks and the British pound fell Tues
CanadaWheels.ca is pleased to rank No. 138 on the 2022 Report on Business ranking of Canada's Top Growing Companies by The Globe and Mail. Four years in a row placement on this renowned ranking demonstrates the company's ability to maintain its loyal customers and win the trust of new ones by providing innovative customer-centric solutions to the automotive industry. CanadaWheels earned its spot with three-year revenue growth of 336%.
Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today confirmed a large-scale discovery at its Reid property, and positive drilling results at other regional targets as a result of its ongoing regional exploration drilling campaign.
WILMINGTON, Del. (Reuters) -Elon Musk's review of Twitter Inc accounts by his advisers did not back up the billionaire's allegation that the number of fake users was "wildly higher" than 5% as he claimed when he said he was ending the Twitter takeover deal in July, a Twitter lawyer told a judge on Tuesday. Documents obtained from two data scientists employed by Musk showed they estimated in early July that the number of fake accounts on the platform at 5.3% and 11%, the Twitter lawyer told a Delaware judge. "None of these analyses so far as we can tell remotely supported what Mr. Musk told Twitter and told the world in the termination letter," said the lawyer, Bradley Wilson.
Carbon Neutral Royalty Ltd. ("CNR" or the "Company"), a financing provider for high integrity carbon projects, is pleased to announce that Phase 1 planting of 1,500 hectares ("ha") of mangrove forest at the Bokepyin project, situated on the Tanintharyi coastline of Myanmar, has been completed. CNR is financing this mangrove restoration project with Worldview International Foundation ("Worldview").